623 E Spring Street, New Albany, IN 47150
Property image
Property image
SOLD
SEP 16, 2026

$118,000

Last sold price
  • Studio
  • 2,864 sqft

623 E Spring Street, New Albany, IN 47150

Midtown
Est. Refi. Payment $773/mo*
Refinance Your Home
Currently Off Market - Sold Sep 16, 2026 for $118,000 (33% below list price)

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1112 E Spring Street, New Albany, IN
0.28
Multi-Family Home
$315,000
10/10/25
4
4
2,400
310 E 14th Street, New Albany, IN
0.45
Multi-Family Home
$168,900
07/24/26
2
2
1,542
1422 E Elm Street, New Albany, IN
0.47
Multi-Family Home
$272,500
09/11/26
4
2
1,500
1207 E Spring Street, New Albany, IN
0.33
Multi-Family Home
$340,000
06/08/26
4
2
2,894
620 W Spring Street, New Albany, IN
0.89
Multi-Family Home
$158,500
07/30/26
3
2
1,440
515 E 9th St, New Albany, IN
0.15
Multi-Family Home
$262,000
09/15/26
2
1
-
2036 E Market Street, New Albany, IN
1.11
Multi-Family Home
$120,000
11/18/25
5
3
2,283
1002 W Main Street, New Albany, IN
1.09
Multi-Family Home
$145,000
04/07/26
4
3
2,539

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
613 E Spring Street, New Albany, IN 47150
0.01
$438,200
5
3.5
5,210
Off Market
407 E 7th Street, New Albany, IN 47150
0.01
$119,900
1
1
588
For Sale
611 E Spring Street, New Albany, IN 47150
0.03
$336,700
3
1.5
2,312
Off Market
610 E Spring Street, New Albany, IN 47150
0.04
$303,700
2
2.5
3,434
Off Market
616 E Elm Street, New Albany, IN 47150
0.05
$236,700
4
2
1,250
Off Market
709 E Market Street, New Albany, IN 47150
0.08
$379,500
4
1.5
2,222
Off Market
602 E Elm Street, New Albany, IN 47150
0.07
$118,700
2
1
926
Off Market
520 E Elm Street, New Albany, IN 47150
0.08
$259,000
4
1.5
1,920
For Sale
617 E Elm Street, New Albany, IN 47150
0.08
$244,900
3
2.5
1,695
For Sale
611 E Elm Street, New Albany, IN 47150
0.09
$154,700
1
1
1,103
Off Market
715 E Elm Street, New Albany, IN 47150
0.10
$280,200
3
2
1,632
Off Market

Local Information

  • Map ViewExplore the area around 623 E Spring Street.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1919
2,864 sqft
$41/sqft

About this House

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!
623 E Spring Street, New Albany, IN 47150 is a studio, 2,864 sqft multi-family in Midtown, built in 1919. It last sold for $118,000 on Sep 16, 2026 (33% below the $175,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,321/month.
Last check for updates: about 6 hours ago
Listed by Matt Schaefer
Schaefer Real Estate, LLC
Bought with: Gary Lytle, Green Tree Real Estate Services
Originating MLS: Southern Indiana REALTORS Association
Source: SIRA, MLS#2026010644

Home Details for 623 E Spring Street

Interior Features

Interior Details
Basement: Crawl Space
Dimensions and Layout
Living Area: 2864 Square Feet
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: One and One Half, Two

Exterior Features

Exterior Home Features
Foundation: Cellar
Parking & Garage
No Garage
Frontage
Not on Waterfront
Finished Area
Finished Area (above surface): 2864 Square Feet

Days on Market

Cumulative Days on Market: 44

Property Information

Year Built
Year Built: 1919
Property Type / Style
Property Type: ResidentialProperty Subtype: Duplex, Triplex, Quadruplex, Multi FamilyStructure Type: Duplex, Quadruplex, TriplexArchitecture: Historic/Antique,One and One Half Story,Two Story
Building
Construction Materials: FrameNot a New ConstructionAttached To Another Structure
Property Information
Condition: ResaleParcel Number: 220500200797000008

Price & Status

Price
List Price: $175,000Price Per Sqft: $41/sqft
Status Change & Dates
Off Market Date: Sat Aug 15 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: New Albany

Building

Building Area
Building Area: 2864 Square Feet

HOA

Association for this Listing: Southern Indiana REALTORS AssociationNo HOA

Lot Information

Lot Area: 2613.6 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 2026010644Living Area Range Units: Square FeetAttribution Contact: 502-552-4842Above Grade Unfinished Area: 2864Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area: 1120Below Grade Unfinished Area Units: Square FeetUniversal Property Id: US-18043-N-220500200797000008-R-N

Additional Information

Days On Market Replication: 44

Price and Tax history

DateEventPrice
Sep 16, 2026
Source: SIRA #2026010644
Sold
$118,000
Aug 3, 2026
Source: SIRA #2026010644
Listed For Sale
$175,000

Market trends in New Albany

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$255K
$7.44KMoM
Sale-to-List Price
—
Price per sq ft
$149
$2MoM
Available listings
225
6MoM

Around this home

Neighborhood Overview

Midtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Midtown

At least 30 Trulia users voted on each feature.

  • 91 % Say yards are well-kept

  • 90 % Say there are sidewalks

  • 82 % Say parking is easy

  • 81 % Say it's dog friendly

  • 76 % Say there's holiday spirit

  • 74 % Say it's walkable to restaurants

  • 70 % Say car is needed

  • 58 % Say it's walkable to grocery stores

  • 58 % Say kids play outside

  • 57 % Say neighbors are friendly

  • 55 % Say streets are well-lit

  • 49 % Say people would walk alone at night

  • 42 % Say there are community events

  • 42 % Say there's wildlife

  • 39 % Say they plan to stay for at least 5 years

  • 30 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "You see people walking their dogs all the time. Most dogs are well behaved and don't bark or try to attack. "
    3
    Flag
  • Psychotic Flower
    "It's alright. Close to the highway so it's really busy. Gets cold because it's really close to the river."
    3
    Flag

LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.

Frequently asked questions about 623 E Spring Street

  • What is the price history for 623 E Spring Street?
    623 E Spring Street in New Albany, IN last sold for $118,000 in September 2026.
  • Is New Albany a buyer's or seller's market?
    New Albany is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in New Albany?
    The median sale price in New Albany is $255K. That is up $7.44K from the prior month.
  • What do residents say about the Midtown neighborhood?
    Residents describe the Midtown neighborhood in New Albany, IN as well-kept, pedestrian-friendly, and easy to park in. See recently sold homes in Midtown, New Albany.

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