Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
2 Beds
2 Baths
1,327 sqft

$220,000

1401 E Oak Street, New Albany IN, 47150

Price per sqft$165.79
Built in1929
Property size1,327 sqft
Property typeResidential

Overview

Active

Listed Apr 7, 2026

Updated Jun 15

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.

$1,464/mo

Est. mortgage payment based on a $220,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202607214

Interior Features

Bedrooms
2
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$1,042
Tax Frequency
Annually
MLS provider logo

Listed by Benjamin Byrn with Schuler Bauer Real Estate Services ERA Powered (N
Listing Contact: 812-948-2888 

The IDX display contains information sourced from the Southern Indiana REALTORS® Association as of 6/15/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Southern Indiana REALTORS® Association all rights reserved.

Data last updated on 6/15/2026 at 7:45 PM UTC

Powered by Luxury Presence