Downtown Triplex
For Sale
$179,900
916 Market Street, New Albany, IN 47150
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 Market339
Property Features for 916 Market Street
General Information
Standard status
Active
Size
2,418 SF
Property subtype
Triplex
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,797
Amenities
Central Air
3
Porch, Covered, Deck
Deck.
Vinyl
0.10000000149011612
Building Details
Year Built
1929
Stories
2
Tenancy
Multi
Listing Agency:
(502) 298-1029
Listed By:
Diamond Key Realtors
(502) 298-1029
Source:
Xome
Added: Sep 6, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:32AM
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.
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
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 47150, IN
49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 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)
