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Back 623 East Spring Street
Off Market

623 East Spring Street

New Albany IN 47150

2864 sq. ft.
2613.6 sq. ft.
Duplex
Last sold for $118,000
Matt SchaeferMatt Schaefer, last sold this property on 16 September 2026 after 43 days on market.

Overview

Exceptional redevelopment opportunity in the heart of thriving downtown New Albany! Situated on a highly visible stoplight corner, this prominently located commercial building offers incredible potential for investors, developers, or owner-users. Previously configured with professional office space on the main level and apartments on the second floor, the property provides the flexibility to restore its previous mixed-use layout or reimagine the building as all residential apartments (subject to any required approvals). Located within the East Spring Street Historic District, this property combines historic character with an irreplaceable location; close proximity to: restaurants, shopping, entertainment, and ongoing downtown investment. The building appears to have solid bones but will require renovation, making it an ideal value-add project with significant upside. Rare opportunities like this in downtown New Albany don't come along often!

Features

2864 sq. ft. floor area
2613.6 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in New Albany over the last 12 months, the estimated median property value of 623 East Spring Street is $262k.

Median value
$262k
Estimated value range
$118k - $315k
Median days on market
85
Estimated value trend
21%
increase over the last 12 months
Average days on market is based on recent, comparable sales in New Albany. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 623 East Spring Street

2026
Sold
$118,000
16 Sep 2026 by Matt Schaefer
2021
Sold
$123,072
12 Nov 2021

Happy sellers in New Albany

~%

We have insufficient information to provide an overview of customer satisfaction for New Albany. Viewing the agent profiles, reviews and sales for New Albany can provide insights for this location.

Local market activity for duplexes in New Albany

In the last 12 months, 10 duplexes similar to 623 East Spring Street, have been sold.

This represents a 24% increase in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in New Albany

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Angie Tonini-Rogers

Sellers who recommend Angie Tonini-Rogers have praised them for being local expert, responsive, supportive, clear communication, reliable, dedicated, and attentive

  •   5   (76 reviews)
  •  3 Reviews in New Albany
  •  4 Sales in New Albany
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William Andes

William Andes is a recommended agent for New Albany.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (279 reviews)
  •  2 Reviews in New Albany
  •  3 Sales in New Albany
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Teresa Wallace

Teresa Wallace is a recommended agent for New Albany.  They have 3 local sales across the last 12 months.

  •   5   (1 review)
  •  3 Sales in New Albany
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David Bauer

David Bauer is a recommended agent for New Albany.  They have 2 local sales across the last 12 months.

  •  2 Sales in New Albany
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