Listing provided courtesy of Schuler Bauer Real Estate Services ERA Powered (NMLS# 202607214MLS ProviderContact Information: 812-948-2888
  • 85 days on site
  • 3 views

Updated home for sale in downtown New Albany, Indiana, investment opportunity with tenant in place! Located in the heart of downtown New Albany, this 2-bedroom, 2 full bathroom home offers a strong opportunity for investors or future owner-occupants. With an active lease in place through November, this property provides immediate rental income potential in a highly desirable, walkable location. This renovated New Albany home blends original character with modern updates, featuring high ceilings, arched doorways, and a functional, open layout. The spacious living room flows into a dedicated dining area, while the updated kitchen includes newer cabinetry, countertops, and stainless steel appliances that remain. Both full bathrooms have been fully updated with ceramic tile finishes, including tiled showers and modern vanities. The primary bedroom includes a private en-suite bath, an increasingly sought-after feature in homes in this area. A rear bonus room provides flexible space for a home office, sunroom, or potential third bedroom (no closet) and offers direct access to the back deck. Outside, you'll find a fenced yard and off-street parking pad for two vehicles, adding convenience for tenants or future owners. Situated just minutes from local restaurants, coffee shops, and entertainment, this walkable downtown New Albany property combines location, updates, and income potential. Sq ft & rm sz approx.

Source: Southern Indiana MLS, MLS#: 202607214

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  • Property Type
    Residential
  • Lot
    0.09 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 1401 E Oak Street


Schools

School data unavailable,
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/7/2026Source: Southern Indiana MLS Added to Database
April 07, 2026