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  • $262,000

    515 E 9th St, New Albany, IN 47150

    2beds
    1baths
    --sqft
    Multi Family, Duplex
    Built in 1979
    -- sqft lot
    $261,000 Zestimate®
    $--/sqft
    $1,129 Estimated rent

    Home value

    $261,000

    $238,000 - $287,000

    $1,129/mo

    Zestimate® history
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    Owner options

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    $1,129/mo

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    $1,129/mo

    Rent Zestimate®

    Refinance and save

    $1,672/mo

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    $1,672/mo

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    What's special

    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.

    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

    Bought with:

    Non-BLC Member

    MIBOR REALTOR® Association

    Source: MIBOR as distributed by MLS GRID,MLS#: 22104594MLS Logo

    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: 85 days
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    9/15/2026Sold$262,000-4.7%
    Source: MIBOR as distributed by MLS GRID #22104594 Report a problem
    8/20/2026Pending sale$275,000
    Source: MIBOR as distributed by MLS GRID #22104594 Report a problem
    8/8/2026Price change$275,000-1.8%
    Source: MIBOR as distributed by MLS GRID #22104594 Report a problem
    5/28/2026Listed for sale$279,900
    Source: MIBOR as distributed by MLS GRID #22104594 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Midtown

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $261,000
    2% more
    +$5,220
    With Zillow Showcase(estimated)
    $266,220
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $261,000
    2% more
    +$5,220
    With Zillow Showcase(estimated)
    $266,220