Turn-key duplex opportunity offering the perfect blend of immediate cash flow potential and long-term wealth building. Whether you're an investor looking to add a low-maintenance income-producing property to your portfolio or a buyer searching for the ideal "house hacking" opportunity, this thoughtfully updated duplex checks all the boxes. Live in one unit while renting the other to offset your monthly housing expenses and start building equity and generational wealth through real estate ownership. Both units have been updated with durability and longevity in mind, featuring commercial-grade flooring, newer HVAC systems in both units, updated cabinetry and granite countertops on one side, and completely submetered utilities for simplified management and reduced owner expenses. With turn-key condition throughout, this property is ready to begin producing income from day one. The desirable downtown location makes these units highly attractive to tenants, while the large backyard with alley access opens the door for future value-add opportunities such as garages, storage units, or additional tenant amenities that could create even more revenue streams over time. Properties like this don't come around often - a move-in ready duplex with strong income potential, low-maintenance updates, and multiple paths to financial success. Whether you're looking to grow your investment portfolio or take your first step into real estate investing, this property offers an incredible opportunity to create passive income for years to come.
Pending
Price cut: $4.9K (8/8)
$275,000
515 E 9th St, New Albany, IN 47150
2beds
1baths
--sqft
Multi Family, Duplex
Built in 1979
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 96 days
- 361
- 31
Zillow last checked:
Listing updated:
Listed by:
Andrew Flora 812-344-0246,
1 Percent Lists Indiana Real Estate,
Drew Wyant 812-764-0170,
1 Percent Lists Indiana Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22104594
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Property
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 220502801722000008
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1979
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: New Albany
Financial & listing details
- Annual tax amount: $2,596
- Date on market: 5/28/2026
- Cumulative days on market: 97 days
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/20/2026 | Pending sale | $275,000 |
Source: | ||
| 8/8/2026 | Price change | $275,000-1.8% |
Source: | ||
| 5/28/2026 | Listed for sale | $279,900 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment






