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.
44 days
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329
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22
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Zillow last checked:
Listing updated:
Listed by:
Andrew Flora812-344-0246,
1 Percent Lists Indiana Real Estate,
Drew Wyant812-764-0170,
1 Percent Lists Indiana Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22104594
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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: 46 days
Tenant pays: All Utilities
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/28/2026
Listed for sale
$279,900
Source: MIBOR as distributed by MLS GRID #22104594Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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