"Historic 1929 beauty meets modern, turnkey luxury!"
Rare Turnkey Multi-Family Opportunity Steps from Downtown New Albany! This is the versatile investment property you've been waiting for! Extensively renovated with high-quality updates, this 1929 two-family home features two massive, renovated 1,600 sq ft units (unit #1 2/bed, unit #2 3/bed) and charming historic touches. The property offers incredible flexibility - ideal for short-term rental, long-term leasing, or as a high-end owner-occupied residence. Situated in a premier location, your tenants will be steps from the best restaurants, shops, and farmers market in downtown New Albany. Enjoy strong income potential from day one with refinished original wood floors, double pane windows, tall ceilings, and modern systems throughout. UNIT #2 SOLD FULLY FINISHED! One seller is a licensed realtor in Indiana. Appliances remaining: Unit #1- refrigerator, microwave, dishwasher, range/oven, washer and dryer. Unit #2-refrigerator, microwave, dishwasher, range/oven, washer and dryer. This duplex is occupied with a 24 month renter (lease ending 2/28/2027) in Unit #1 (unfurnished), and a mid-term renter (ending 8/9/2026) in Unit #2 (furnished). All showings will need to give 24 hour notice.
Sold for $293,500
$293,500
1928 E Spring Street, New Albany, IN 47150
5beds
3,209sqft
Duplex, Multi Family
Built in 1929
-- sqft lot
$291,400 Zestimate®
$91/sqft
$1,519 Estimated rent
Home value
$291,400
$233,000 - $367,000
$1,519/mo
Zestimate® history
Owner options
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$1,519/mo
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$1,519/mo
Rent Zestimate®
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$1,770/mo
Est. payment
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$1,770/mo
Est. payment
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List your homeWhat's special
Charming historic touchesModern systems throughoutTall ceilingsDouble pane windowsRefinished original wood floors
Zillow last checked:
Listing updated:
Listed by:
Jennifer Silva,
Semonin REALTORS
Bought with:
Rachel Gish, RB21001553
Semonin REALTORS
Source: SIRA,MLS#: 202607915
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Den, Family Room, Office
Primary bedroom
- Description: Original Hardwood Oak,Flooring: Wood
- Level: First
- Dimensions: 16.83 x 15.17
Primary bedroom
- Description: Original Hardwood Oak,Flooring: Wood
- Level: Second
- Dimensions: 15 x 13.33
Bedroom
- Description: Original Hardwood Oak,Flooring: Wood
- Level: First
- Dimensions: 13.58 x 11.58
Bedroom
- Description: Original Hardwood Oak,Flooring: Wood
- Level: Second
- Dimensions: 11.67 x 12.58
Bedroom
- Description: Original Hardwood Oak,Flooring: Wood
- Level: Second
- Dimensions: 9.75 x 9.92
Other
- Description: Flooring: Laminate
- Level: First
- Dimensions: 7.08 x 7.08
Other
- Description: Flooring: Laminate
- Level: Second
- Dimensions: 6.92 x 6.42
Kitchen
- Description: Flooring: Laminate
- Level: First
- Dimensions: 11.67 x 9.08
Kitchen
- Description: Original Hardwood Pine,Flooring: Wood
- Level: Second
- Dimensions: 11.75 x 9.08
Living room
- Description: Original Hardwood Oak,Flooring: Wood
- Level: First
- Dimensions: 15.17 x 15.17
Living room
- Description: Original Hardwood Oak,Flooring: Wood
- Level: Second
- Dimensions: 12.92 x 13.33
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: In Basement, Laundry Room
Features
- Bookcases, Cedar Closet(s), Ceiling Fan(s), Entrance Foyer, Home Office, Main Level Primary, Open Floorplan, Storage, Natural Woodwork, Walk-In Closet(s), Window Treatments
- Windows: Blinds
- Basement: Full,Unfinished,Sump Pump
- Number of fireplaces: 2
- Fireplace features: Decorative
Interior area
- Total structure area: 3,209
- Total interior livable area: 3,209 sqft
- Finished area above ground: 3,209
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Garage spaces: 2
- Has carport: Yes
- Details: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Patio, Porch
- Exterior features: Porch, Patio
Lot
- Size: 0.96 Acres
- Dimensions: 35 x 120
Details
- Additional structures: Shed(s)
- Parcel number: 220502801054000008
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding, Frame
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $91/sqft
- Tax assessed value: $114,200
- Annual tax amount: $2,408
- Date on market: 5/5/2026
- Cumulative days on market: 58 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Sold | $293,500-8%$91/sqft |
Source:  SIRA #202607915 Report a problem | ||
| 5/28/2026 | Price change | $319,000-1.8%$99/sqft |
Source: SIRA #202607915 Report a problem | ||
| 5/5/2026 | Listed for sale | $325,000+89%$101/sqft |
Source: SIRA #202607915 Report a problem | ||
| 5/24/2021 | Sold | $172,000-1.7%$54/sqft |
Source: SIRA #202105494 Report a problem | ||
| 4/12/2021 | Listed for sale | $174,900$55/sqft |
Source: SIRA #202105494 Report a problem | ||
| 2/3/2021 | Listing removed | -- |
Source: SIRA Report a problem | ||
| 1/26/2021 | Listed for sale | $174,900+483%$55/sqft |
Source: Schaefer Real Estate, LLC #202105494 Report a problem | ||
| 10/11/2011 | Sold | $30,000$9/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,425 -1.3% | $114,200 |
| 2024 | $2,457 +0.1% | $114,200 |
| 2023 | $2,454 -1% | $114,200 |
| 2022 | $2,477 -0.1% | $114,200 |
| 2021 | $2,480 +0% | $114,200 |
| 2020 | $2,479 -0.6% | $114,200 |
| 2019 | $2,494 +4% | $114,200 |
| 2018 | $2,397 | $114,200 +5.8% |
| 2017 | $2,397 +11.4% | $107,900 -13.7% |
| 2016 | $2,152 | $125,100 +28.3% |
| 2014 | $2,152 +9.4% | $97,500 +3% |
| 2013 | $1,967 -12.1% | $94,700 -15.1% |
| 2012 | $2,236 +123.8% | $111,500 -2% |
| 2011 | $999 -8.4% | $113,800 -7.1% |
| 2010 | $1,091 -32.2% | $122,500 -9.4% |
| 2009 | $1,609 | $135,200 |
Find assessor info on the county website
Neighborhood: 47150
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Nearby schools
GreatSchools rating
- 5/10Hazelwood Middle SchoolGrades: 5-8Distance: 0.5 mi
- 4/10New Albany Senior High SchoolGrades: 9-12Distance: 0.6 mi
- 8/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.4 mi
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- Indiana
- Floyd County
- New Albany
- 47150
- 1928 E Spring Street
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