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916 E Market Street, New Albany, IN, 47150
Downtown Triplex Investment

916 E Market Street New Albany, IN 47150

For Sale
$179,900

Triplex with three rental units, including capital updates such as a 2021 roof and 2021 exterior paint.

Property Size2,418 SF
Price / SF$74.40
Days on Market307

Property Features for 916 E Market Street

General Information

Standard status
Active
Size
2,418 SF
Property subtype
Triplex

Building Details

Year Built
1929
Listing Agency:
Listed By: Diamond Key Realtors
Source: Xome
Added: Sep 21, 2025 Changed: Jul 23 Last Checked: Jul 24 at 4:58AM

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 Diamond Key Realtors


Investment Insights

Based on property information with market context.

This for-sale triplex offers three income-producing units within a single property. Reported major improvements include a new roof in 2021 and fresh exterior paint completed in 2021. Unit 1 underwent a complete renovation in 2021, and Units 2 and 3 are described as stable, long-term tenancies. The property is offered as-is, and tenant rights apply.

The building is located on E Market Street in New Albany, IN, and is described as being steps from downtown New Albany’s restaurants and boutiques.

Per the provided information, each unit pays its own utilities. Rent is stated as $600 for Unit 2 and $620 for Unit 3. Unit 1 is expected to vacate at closing because it is a family member.

Key Highlights

  • Three‑unit triplex built in 1929 with central air and heating listed as “3”
  • Capital improvements include a new roof in 2021 and fresh exterior paint in 2021
  • Unit 1 was fully renovated in 2021; Unit 1 will vacate at closing (family member)

Property Analytics

Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Dental Office (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex with three rental units, including capital updates such as a 2021 roof and 2021 exterior paint.
Where is this triplex located?
The property is located at 916 E Market Street New Albany, IN.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Three‑unit triplex built in 1929 with central air and heating listed as “3”; Capital improvements include a new roof in 2021 and fresh exterior paint in 2021; Unit 1 was fully renovated in 2021; Unit 1 will vacate at closing (family member)
More about this property
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