DOWNTOWN NEW ALBANY 4-PLEX | ONLINE AUCTION - BIDDING ENDS: TUESDAY, AUGUST 25 @ 2PM. Turn-of-the-century four-unit apartment building offers a rare investment opportunity just east of the heart of downtown New Albany. The two-story building contains four one-bedroom apartments, two units on each level with parking in rear with alley access. Covered front porch with entry foyer for Units 1 & 2 with original staircase. 10’ ceilings. Cozy wall furnace units in Apartments 3 & 4. Separate gas & electric meters. Agent estimates age of home earlier - courthouse records indicate 1929. Ready for complete rehabilitation, the property presents an excellent opportunity for investors, contractors, or developers to restore and reposition this income-producing property in one of Southern Indiana’s most sought after downtown districts. Convenient access to I-64 Sherman Minton Bridge. TERMS: 10% BUYERS PREMIUM added to hammer bid to determine purchase price. A 10% non-refundable down payment is due within 24 hours, with balance due in 40 days. Selling as-is with no contingencies. Inspections are welcomed prior to auction. Financing is permitted but not contingent upon loan approval or appraisal. The buyer pays all closing costs. Possession at closing. Taxes prorated to closing. See Bid Packet for complete terms.
Auction
Price Unknown
916 E Spring Street, New Albany, IN 47150
4beds
2,780sqft
Quadruplex, Multi Family
Built in 1929
-- sqft lot
$257,200 Zestimate®
$--/sqft
$-- HOA
What's special
Two-story buildingFour one-bedroom apartmentsOriginal staircase
- 3 days |
- 101 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Douglas Harritt,
Harritt Group, Inc
Source: SIRA,MLS#: 2026010750
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Bedroom
- Level: First
- Dimensions: 8.2 x 13.6
Bedroom
- Level: Second
- Dimensions: 12.7 x 13.5
Bedroom
- Level: First
- Dimensions: 9.4 x 13.6
Bedroom
- Level: Second
- Dimensions: 6.6 x 11.6
Other
- Level: First
- Dimensions: 5.6 x 5.8
Other
- Level: Second
- Dimensions: 7.6 x 9.8
Other
- Level: First
- Dimensions: 5.6 x 11.5
Other
- Level: Second
- Dimensions: 8 x 9.2
Kitchen
- Level: First
- Dimensions: 12.6 x 15.8
Kitchen
- Level: Second
- Dimensions: 7.2 x 10.8
Kitchen
- Level: First
- Dimensions: 6.4 x 10.10
Kitchen
- Level: Second
- Dimensions: 6.10 x 13.6
Living room
- Description: Apartment #1 Main Level
- Level: First
- Dimensions: 13.6 x 19.6
Living room
- Description: Apartment #2 Second Floor
- Level: Second
- Dimensions: 13.6 x 19.10
Living room
- Description: Rear Apartment #3 Main Level
- Level: First
- Dimensions: 12 x 13.6
Living room
- Description: Rear Apartment #4 Second Floor
- Level: Second
- Dimensions: 13.6 x 15.8
Heating
- Forced Air, Other
Cooling
- None
Appliances
- Included: Oven, Range, Refrigerator
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 2,780
- Total interior livable area: 2,780 sqft
- Finished area above ground: 2,780
- Finished area below ground: 0
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Porch
- Exterior features: Deck, Paved Driveway, Porch
- Frontage length: 28
Lot
- Size: 3,920 Square Feet
- Dimensions: 28 x 136
Details
- Additional structures: Shed(s)
- Parcel number: 220502800525000008
- Zoning: Residential
- Zoning description: Residential
- Special conditions: Auction,Estate
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Foundation: Brick/Mortar, Crawlspace, Cellar
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1929
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: New Albany
Financial & listing details
- Tax assessed value: $156,800
- Annual tax amount: $3,311
- Date on market: 8/6/2026
- Cumulative days on market: 4 days
- Listing terms: Cash,Other
- Road surface type: Paved
Estimated market value
$257,200
$208,000 - $303,000
$2,645/mo
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,709 -2.8% | $156,800 +23.2% |
| 2024 | $2,787 -0.9% | $127,300 -2.1% |
| 2023 | $2,812 +7.8% | $130,000 -1% |
| 2022 | $2,608 -0.1% | $131,300 +8.8% |
| 2021 | $2,612 -0.5% | $120,700 |
| 2020 | $2,624 -15.6% | $120,700 -0.4% |
| 2019 | $3,109 +16.8% | $121,200 -15.1% |
| 2018 | $2,661 | $142,800 +18.9% |
| 2017 | $2,661 +9% | $120,100 +0.9% |
| 2016 | $2,441 | $119,000 -4.6% |
| 2014 | $2,441 -2.4% | $124,700 +3% |
| 2013 | $2,500 +2.1% | $121,100 -0.8% |
| 2012 | $2,447 -6.6% | $122,100 -6.7% |
| 2011 | $2,620 +2.3% | $130,800 +2.2% |
| 2010 | $2,560 +6.1% | $128,000 +6.1% |
| 2009 | $2,412 | $120,600 |
Find assessor info on the county website
Climate risks
Neighborhood: Midtown
Nearby schools
GreatSchools rating
- 6/10S Ellen Jones Elementary SchoolGrades: PK-4Distance: 0.2 mi
- 5/10Nathaniel Scribner Middle SchoolGrades: 5-8Distance: 1.5 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 0.7 mi
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