Investor’s Dream in Prime New Albany Location! This rare opportunity offers a unique combination of a single-family residence plus a multi-unit income-producing property—all on 1.84 acres in one of New Albany’s most desirable areas.
At the front of the property sits a well-maintained 3-bedroom, 2-bath single-family home with a partially finished walkout basement featuring a potential third bedroom (non-conforming, no egress). The home includes spacious living areas, a one-car garage (in quadplex), and access to a park like area, perfect for owner occupancy or additional rental income.
Tucked behind the home is a four-plex consisting of three 2 bed / 1 bath units and one uniquely designed 1 bed / 1 bath loft-style unit with the bedroom located in a charming upper-level nook. Three of the four units are currently leased, offering immediate income with room to increase returns by leasing the vacant unit or updating for higher rents. This property is perfect for a savvy investor looking to add a versatile asset to their portfolio—live in the house and rent out the four-plex, lease it all, or explore development opportunities. Located minutes from downtown New Albany, shopping, dining, and interstate access, this one checks all the boxes for location, layout, and long-term potential. Opportunities like this don’t come often—schedule your showing today and unlock the possibilities!
Sold for $412,000
Zillow last checked:
Listing updated:
Bought with:
Geoffrey Novak, RB19002147
Knob & Key Realty LLC
Source: SIRA,MLS#: 2025010469
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationPrice history
| Date | Event | Price |
|---|---|---|
| 8/8/2026 | Listing removed | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 7/26/2026 | Listed for rent | $2,000 |
Source: Zillow Rentals Report a problem | ||
| 9/5/2025 | Sold | $412,000-6.3%$96/sqft |
Source:  SIRA #2025010469 Report a problem | ||
| 8/21/2025 | Listed for sale | $439,900-2.2%$102/sqft |
Source: SIRA #2025010469 Report a problem | ||
| 6/30/2025 | Listing removed | $450,000$104/sqft |
Source: SIRA #202507215 Report a problem | ||
| 4/11/2025 | Listed for sale | $450,000$104/sqft |
Source: SIRA #202507215 Report a problem | ||
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With Zillow Showcase(estimated)
$411,264
