612 E Main Street New Albany, IN $ 849,900
612 E Main Street
$ 849,900
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612 E Main Street

New Albany, IN, 47150
$ 849,900
Baths0.0 Sq 5,616

Monthly Estimate*

$ 5,937

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View a Virtual Tour
Studio

Commercial Property for sale in New Albany, IN

for $849,900. This 5,616 square foot building was built in 1929 on a lot size of 0.439991.

TURNKEY 8-PLEX in the heart of historic Downtown New Albany on Mansion Row! This charming building features 7 1-bedroom apartments and 1 studio apartment nestled in a beautifully restored historic home, offering the perfect blend of vintage character and modern convenience. ALL 8 units are currently rented and cash flowing! Current owner has done a full renovation including total window repair and all new storm windows, masonry work, exterior and interior repaint, basement waterproofing, exterior grading and drains, as well as updating each individual unit! Each unit has covered balcony/patio access, and the building also includes a large rear parking lot for off street tenant parking! This building's prime location offers great walkability to shops, restaurants, and entertainment. You truly have to see this one in person to appreciate the historic charm! Own a piece of New Albany history with this cash-flowing investment!

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Commercial Pending

Price

$ 849,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 5,225

Style

MultiFamily

Lot Size

0.439991

Year Built

1929

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

202405417

Features
General
Construction Materials Frame
Year Built 1929
Township New Albany
Property SubType MultiFamily
Current Use MultiFamily
County Floyd
Property Type CommercialSale
Status Pending
Directions Downtown New Albany to Main Street. Building is on the river side of the street.
City New Albany
Total Units 1
Lot Size Square Feet 19166.4
Street Name Main
Tax Annual Amount 5225.0
Property Condition Resale
Virtual Tour https://vimeo.com/917973275?share=copy
Days on Market 81
Standard Status Pending
Property Sub Type Additional MultiFamily
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Exterior
Lot Size Area 0.44
Building Area Total 5616.0
Lot Size Acres 0.44
Lot Size Units Acres
Lot Size Source Assessor
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Interior
Street Suffix Street
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Internal Only
Street Number 1 612
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* Excluded Features
List By
Alison Koopman

Listing Agent

Lopp Real Estate Brokers

Broker

alison@FrontPorchProp.com

Email

Affordability Calculator

$6,372
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,937
Monthly Property Taxes
$435
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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The time to sell is now
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Nearby
1120661 Elementary School
1120959 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2024$849,900 Listed Price

Map


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612 E Main Street, New Albany, IN, 47150 is a Commercial Property for sale at $849,900 with 5,616 sqft and a lot size of 0.439991. 612 E Main Street is a studio with 0.0 baths and was built in 1929. The property's zip code is 47150 which is in New Albany, IN