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515 E 9th Street, New Albany, IN 47150

No Subdivision · Floyd County

Key Facts

1979Year Built
0.13Lot (acres)

Description

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.

Property Information

Property Type

Residential Income

Sub-Type

Duplex

Year Built

1979

Lot Size

0.13 acres

Days on Market

3

MLS® Listing#

22104594

Property Features

Foundation

Slab

Financial Details

Parcel Number

220502801722000008

Directions

GPS Friendly

Affordability Calculator

$55,980

Estimated monthly payment

$1,490/mo

Principal $223,920 · Est. interest $312,388 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in New Albany, IN

$290,503
Median Listing Price
47
Median Days on Market
1,660
Median Sq Ft
$164
Median Price / Sq Ft
333
Active Listings
  • This home’s price is 4% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in New Albany, IN.

Location

Map showing the location of 515 E 9th Street, New Albany, IN 47150

Getting Around

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Points of Interest in New Albany, IN

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Nearby Schools

  • St. Mary's Catholic Church

    School · 0.1 mi away

  • S Ellen Jones Elementary School

    Elementary · 0.1 mi away

  • Division Street School

    School · 0.6 mi away

  • New Albany High School

    Secondary · 0.6 mi away

  • Children's Academy-New Albany

    School · 0.7 mi away

  • Hazelwood Middle School

    Secondary · 0.9 mi away

  • Portland Elementary School

    Elementary · 1.3 mi away

  • Scribner Middle School

    Secondary · 1.4 mi away

  • Fairmont Elementary School

    Elementary · 1.4 mi away

  • Green Valley Elementary School

    Elementary · 1.6 mi away

  • Holy Family School

    School · 1.8 mi away

  • Slate Run Elementary School

    Elementary · 1.9 mi away

  • New Albany Floyd County Consolidated School Corporation

    School · 1.9 mi away

  • Prosser School of Cosmetology

    Secondary · 1.9 mi away

  • The Dolfinger

    School · 1.9 mi away

  • The Academy at Shawnee

    School · 2.0 mi away

  • Shawnee High School

    Secondary · 2.0 mi away

  • Portland Christian School

    School · 2.0 mi away

  • Atkinson Academy

    School · 2.0 mi away

  • Our Lady of Providence High School

    Secondary · 2.0 mi away

Commute Calculator

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Nearby Homes

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Similar Home Values

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Moving Cost Estimate

EXIT Agents in New Albany

Listing Courtesy: 1 Percent Lists Indiana Real Estate - listwithflora@gmail.com

Listings courtesy of MIBOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use. This data may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID, use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-05-27

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Data provided by MIBOR. MLS® Listing#22104594. © 2026EXIT Realty®. All rights reserved.