Brick Duplex with Two
3003 Jason Drive New Albany, IN 47150
3003 Jason Drive, New Albany, IN, 47150
$250,000
For Sale
$250,000
All-brick duplex built in 1989 offers two 3-bedroom units with washer/dryer hookups.
Property Size2,096 SF
Price / SF$119.27
Days on Market1952
Property Features for 3003 Jason Drive
General Information
- Standard status
- Active
- Size
- 2,096 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1989
Listing agency
simpler.realestate
(812) 923-7050
Listed by
Karsten Nelson · License #RB22000284
(812) 923-7050
Source
Xome
Added: Mar 18, 2021 Updated: Jul 21 at 2:48PM Checked: Jul 21 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of simpler.realestate
Investment Insights
Based on property information with market context.
This all-brick duplex, built in 1989, includes two separate apartment units. Each unit features three bedrooms and 1.5 bathrooms, along with washer and dryer hookup connections. Apartment A is currently vacant, while Apartment B is occupied and leased on a month-to-month basis.
The property is located at 3003 Jason Drive in New Albany on a dead-end street and is described as being near shopping and dining options. A storage shed for both units is located in the back yard. Apartment B is currently leased for $600 per month, offering an income-producing component for an investor or an owner-occupant plan.
The property is located at 3003 Jason Drive in New Albany on a dead-end street and is described as being near shopping and dining options. A storage shed for both units is located in the back yard. Apartment B is currently leased for $600 per month, offering an income-producing component for an investor or an owner-occupant plan.
Key Highlights
- All‑brick duplex built in 1989 with two units
- Two 3‑bedroom units, each with washer/dryer hookups
- Apartment B is currently leased month to month for $600 per month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $12.12 |
| − Vacancy | −$1.9k | −$0.88 |
| EGI | $23.5k | $11.24 |
| − OpEx | −$7.1k | −$3.37 |
| NOI | $16.5k | $7.86 |
2,096 SF · lease $12.12/SF/yr · vacancy 7.30% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$235.5K
$206.1K – $274.7K
NOI $16,484 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$212.0K
$185.5K – $247.4K
NOI $14,843 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,051 @ 7.0% cap · market cap 42.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - All-brick duplex built in 1989 offers two 3-bedroom units with washer/dryer hookups.
Where is this duplex located?
The property is located at 3003 Jason Drive New Albany, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: All‑brick duplex built in 1989 with two units; Two 3‑bedroom units, each with washer/dryer hookups; Apartment B is currently leased month to month for $600 per month
