This home's estimate is 19.7% lower than the average sale price ($285K) of 6 comparable homes.
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1602 E Spring St, New Albany, IN 47150
About this home
Duplex, New Albany, >10% return. Leased with 12 month contracts. 3/1 $910 1st floor and 2/1 $750 upstairs. Offered at $139,900. Tenants pay gas/electric. Fully occupied since purchased. New HVAC on downstairs unit and Heater upstairs. New appliances and flooring in 1st floor unit. New paint exterior, 2017. 1,100 + sq ft in basement with 2 washer/dryer hook ups.
Redfin Estimate
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Market trends in 47150, IN
Last updated October 2026
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Sale history for 1602 E Spring St
$44/sq ft
$45/sq ft
Tax history for 1602 E Spring St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
MC
Mixed-Use Corridor Commercial
The Mixed-Use Corridor Commercial district is intended to accommodate a variety of Commercial and residential uses along the primary transportation corridors of the City. The mix of uses should create a high-quality pedestrianoriented environment within walking distance of local neighborhoods. This district provides a variety of neighborhood-oriented Commercial uses including small-scale shopping centers, supermarkets, bakeries, pharmacies, variety stores, restaurants, laundries, and hardware stores. Residential uses are a Multifamily Building type. Mixed-Use Buildings are encouraged. Given the various uses and densities within and adjoining the district, new Development will need to be compatible with the adjacent uses.Include but are not limited to:
- General retail
- Restaurant
- Housing-Multiple units
- Housing-Senior
- Hotel / motel
- Office
- Public service
- Educational/school
- Library
- Museum / gallery
Property details
Parking
- Parking
- Features: Off Street
Interior
- Bathroom Information
- # of Full Bathrooms: 2
- Room Information
- # of Rooms (Total): 10
- Has Basement
- Basement Information: Exterior Entry, Unfinished, Walk-Up Access
- Room 1 Information
- Kitchen
- Level: Second
- Room 2 Information
- Kitchen
- Level: First
- Room 3 Information
- Other
- Description: Bonus Room
- Level: Second
- Room 4 Information
- Bedroom
- Level: First
- Room 5 Information
- Bedroom
- Level: First
- Room 6 Information
- Bedroom
- Level: First
- Room 7 Information
- Full Bath
- Level: Second
- Room 8 Information
- Full Bath
- Level: First
- Room 9 Information
- Level: Second
- Room 10 Information
- Level: First
- Laundry Information
- Features: In Basement
- Equipment
- Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Interior Features
- Other Features: Ceramic Bath, Ceiling Fan(s), Cable TV
Exterior
- Building Information
- Stories: 2
- Construction Details: Aluminum Siding, Frame
- Exterior Features
- Exterior Features: Landscaping, Porch
- Patio And Porch Features: Covered, Porch
- Lot Information
- Lot Size Area: 0.11
- Lot Size Acres: 0.11
- Lot Size Source: Assessor
- Road Surface Type: Paved, Gravel
- Zoning: Residential
- Zoning Description: Residential
- Property Information
- Above Grade Finished Area: 3,128
- Resale
Financial
- Tax Information
- Annual Tax Amount: $2,150
- Tax Year: 2017
- Lease Information
- Lease Expiration: 2018-12-31
Utilities
- Utility Information
- Sewer: Public Sewer
- Water Source: Connected, Public
- Heating & Cooling
- Has Cooling
- Cooling: Central Air, Window Unit(s), Wall/Window Unit(s)
- Has Heating
- Heating: Forced Air
Location
- Community Information
- Community Features: Sidewalks
Public facts
- Beds: 4
- Baths: 2.0
- Sq. Ft.: 3,128
- Stories: 1.5
- Lot Size: 4,792 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1929
- Year Renovated: 1929
- County: Floyd County
- APN: 220502800658000008
Around this home
Schools
Public PreK-4 • Assigned • 0.3mi
Public 5-8 • Assigned • 1.8mi
Public 9-12 • Assigned • 0.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 59-72% chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 105° expected this year, 20 days in 30 years
1% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
In this area, properties receive around 9.5 hours in June and 3.7 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 47150
Home values near 1602 E Spring St
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2464 Sq. Ft. | $193,493 |
4 Beds | 2 Baths | 1830 Sq. Ft. | $155,693 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 2182 Sq. Ft. | $237,230 |
3 Beds | 1 Baths | 1337 Sq. Ft. | $178,989 |
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 992 Sq. Ft. | $106,843 |
3 Beds | 2.5 Baths | 1963 Sq. Ft. | $280,827 |
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