Rare investment opportunity to own a quadplex in New Albany!
Three of the four units are currently leased at $900 per month. That could easily go higher. Live rent free in the 4th unit or lease it out, too.
Each unit has 2 bedrooms, 1 full bathroom, and approximately 1,000 square feet of living space. Each unit has a full kitchen with refrigerator, stove, and dishwasher, and each unit has its own electric and gas meters. Negotiable coin-operated washer and dryer on the main level for use by all 4 units, and extra income for the landlord/owner. There are 2 parking spaces available for each unit, and additional street parking in front.
The building itself is low maintenance with a new roof in 2021, new gutters in 2023, and new windows installed in 2024.
It's a very convenient location for renters, close to downtown New Albany, Clarksville, Jeffersonville, and Louisville.
Sold for $370,000
$370,000
2209 2211 E Market Street, New Albany, IN 47150
8beds
4,356sqft
Quadruplex, Multi Family
Built in 1929
-- sqft lot
$384,400 Zestimate®
$85/sqft
$1,255 Estimated rent
Home value
$384,400
Estimated sales range
Not available
$1,255/mo
Zestimate® history
Owner options
List your home for rent
$1,255/mo
Rent Zestimate®
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$1,255/mo
Rent Zestimate®
Refinance and save
$2,230/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,230/mo
Est. payment
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List your homeWhat's special
Electric and gas metersCoin-operated washer and dryerRefrigerator stove and dishwasherFull kitchen
Zillow last checked:
Listing updated:
Listed by:
Shawn Faye,
RE/MAX Ability Plus
Bought with:
Josh Gregory, RB14031849
Josh Gregory Real Estate
Source: SIRA,MLS#: 202509331
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Bedroom
- Description: Unit #1,Flooring: Laminate
- Level: First
- Dimensions: 12 x 13
Bedroom
- Description: Unit #1,Flooring: Laminate
- Level: First
- Dimensions: 9.5 x 10.5
Bedroom
- Description: Unit #2,Flooring: Laminate
- Level: First
- Dimensions: 10 x 12
Bedroom
- Description: Unit #2,Flooring: Laminate
- Level: First
- Dimensions: 11 x 12
Other
- Description: Units #3 and #4 are approx same as 1&2
- Level: Second
Family room
- Description: Unit #1,Flooring: Laminate
- Level: First
- Dimensions: 12 x 13
Family room
- Description: Unit #2,Flooring: Laminate
- Level: First
- Dimensions: 13 x 14
Kitchen
- Description: Unit #1,Flooring: Vinyl
- Level: First
- Dimensions: 11 x 18
Kitchen
- Description: Unit #2,Flooring: Vinyl
- Level: First
- Dimensions: 9.5 x 18.5
Other
- Description: Unit #1,Flooring: Laminate
- Level: First
- Dimensions: 12 x 13
Other
- Description: Unit #2,Flooring: Laminate
- Level: First
- Dimensions: 7 x 10.5
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,356
- Total interior livable area: 4,356 sqft
- Finished area above ground: 4,356
- Finished area below ground: 0
Property
Parking
- Details: On Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Fence, Patio
- Fencing: Yard Fenced
Lot
- Size: 10,018 Square Feet
Details
- Additional parcels included: 220502900910000008
- Parcel number: 220502900920000008
- Zoning: Residential,Multi Family
- Zoning description: Residential,Multi Family
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding, Frame
- Foundation: Brick/Mortar
Condition
- Resale
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $85/sqft
- Annual tax amount: $5,194
- Date on market: 7/11/2025
- Cumulative days on market: 63 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $370,000-7.5%$85/sqft |
Source:  SIRA #202509331 Report a problem | ||
| 7/11/2025 | Listed for sale | $400,000$92/sqft |
Source: SIRA #202509331 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 6/10S Ellen Jones Elementary SchoolGrades: PK-4Distance: 0.6 mi
- 5/10Nathaniel Scribner Middle SchoolGrades: 5-8Distance: 1.1 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 1.1 mi
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Sell for more on Zillow
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$384,400
2% more
+$7,688
With Zillow Showcase(estimated)
$392,088
- Indiana
- Floyd County
- New Albany
- 47150
- Downtown
- 2209 2211 E Market Street
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