515 E 9th Street New Albany, IN $ 279,900
515 E 9th Street
$ 279,900
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515 E 9th Street

New Albany, IN, 47150
$ 279,900
Baths0.0

Monthly Estimate*

$ 1,723

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Studio

Multi-Family Home for sale in New Albany, IN

for $279,900. This home was built in 1979 on a lot size of 0.13.

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.

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Multi-Family Active

Price

$ 279,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,596

Style

Lot Size

0.13

Year Built

1979

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

22104594

Features
General
Possession Closing
Year Built 1979
Tenant Pays All Utilities
Township New Albany
Property Subtype Duplex
Tax Year 2025
Current Use Vacant
County Floyd
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Possible Use Residential
Status Active
Directions GPS Friendly
City New Albany
High School District New Albany-Floyd Co Con Sch
Number Of Units Total 2
MLS Area 2204 - Floyd - New Albany
Lot Size Square Feet 5663
Standard Status Active
Tax Lot 22-05-02-801-722.000-008
Legal Description P.214 S 49' L.27
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Exterior
Foundation Details Slab
Lot Size Acres 0.13
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* Excluded Features
List By
1 Percent Lists Indiana Real Estate

Broker

listwithflora@gmail.com

Email

Affordability Calculator

$1,940
Per Month
89%
11%
0%
Monthly Principal & Interest
$1,723
Monthly Property Taxes
$216
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4422898 Elementary School
4422899 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/28/2026$279,900 Listed Price

Map


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515 E 9th Street, New Albany, IN, 47150 is a Multi-Family Home for sale at $279,900 with a lot size of 0.13. 515 E 9th Street is a studio with 0.0 baths and was built in 1979. The property's zip code is 47150 which is in New Albany, IN