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322 W Market St - 318 & 322 W Market Street, New Albany, IN 6 Unit Apartment Building Offered at $569,000 New Albany, IN 47150


Investment Highlights
- 5 of the 6 units are currently rented
- Turnkey operation
Executive Summary
This listing features two income-producing properties in downtown New Albany - 318 W Market, a quadplex, and 322 W Market, a duplex. Five of the six units are currently leased, bringing in $4,420 per month combined. Tenants are responsible for their own gas and electric, while the owner covers water, sewer, and trash. A solid opportunity for investors looking to add a turnkey, income-producing property to their portfolio. Square footage, taxes, flood zone, and school systems are to be verified by the buyer(s) or Buyer's Agent if critical to the buyer(s).
Units are occupied so seller will need 72 hours notice for showing requests. Square feet, beds, bath, assessments, property tax and deductions are combined from both properties.
Units are occupied so seller will need 72 hours notice for showing requests. Square feet, beds, bath, assessments, property tax and deductions are combined from both properties.
Property Facts
| Price | $569,000 | Building Size | 4,614 SF |
| Price Per Unit | $94,833 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1929 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | Multi-Family/Residential | ||
| Price | $569,000 |
| Price Per Unit | $94,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 4,614 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family/Residential |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 22-05-00-300-359.000-008 | Improvements Assessment | $126,200 |
| Land Assessment | $8,900 | Total Assessment | $135,100 |
Property Taxes
Parcel Number
22-05-00-300-359.000-008
Land Assessment
$8,900
Improvements Assessment
$126,200
Total Assessment
$135,100
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Contact the Sale Advisor
322 W Market St - 318 & 322 W Market Street, New Albany, IN
