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1421 1423 E Spring ST New Albany, IN 47150
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Key Details
Sold Price $230,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $130
MLS Listing ID 2024012848
Sold Date 08/29/25
Style Two Story
Bedrooms 4
Full Baths 4
Construction Status Resale
Abv Grd Liv Area 1,760
Year Built 1929
Annual Tax Amount $2,650
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Residential
Property Description
Former Appraisal Office with 4 (1) Bedroom Apartment Rentals. Seller is converting office into a 4th (1) Bedroom Apartment Rental. A 2 Car Garage is also included. When all units & garage are rented, revenue is $2,600/month. Owner pays all utilities currently. There are four electric meters, one for each rental unit. All 4 units are currently rented on a month to month lease.
This property is located within the locally designated E Spring Street Historic District. Because of this local designation, any exterior alterations must be reviewed & approved by the New Albany Historic Preservation Commission. For more information about the NAHPC & a copy of the City of New Albany Design Guidelines for the local historic district, please visit www.newalbanypreservation.com.
In addition to this local designation, the property is also listed in the National Register of Historic Places. This listing qualifies the owner to potentially take advantage of tax credits to help recoup qualified rehabilitation costs for both interior and exterior improvements. For more information, see https://www.in.gov/dnr/historicpreervation/financial-assistance/historic-tax-credit/
Location
State IN
County Floyd
Direction Corner of 15th Street & Spring Street
Rooms
Basement Partial
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
Parking Features Detached, Garage Faces Front, Garage
Garage Spaces 4.0
Garage Description 4.0
Water Access Desc Connected,Public
Building
Entry Level Two
Sewer Public Sewer
Water Connected, Public
Architectural Style Two Story
Level or Stories Two
Additional Building Garage(s)
New Construction No
Construction Status Resale
Others
Tax ID 220502800705000008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Coldwell Banker McMahan
