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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.

Property Facts

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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
22-05-00-300-359.000-008
Land Assessment
$8,900
Improvements Assessment
$126,200
Total Assessment
$135,100
  • Listing ID: 41226456

  • Date on Market: 7/9/2026

  • Last Updated:

  • Address: 322 W Market St, New Albany, IN 47150

Contact the Sale Advisor

322 W Market St - 318 & 322 W Market Street, New Albany, IN

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