Home Highlights
Price/Sqft
$61
Listed
Less than a day ago
Local Information
- Map ViewExplore the area around 623 E Spring Street.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
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!
Home Details for 623 E Spring Street
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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 |
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Exterior Home Features Foundation: Cellar |
Parking & Garage No Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2864 Square Feet |
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Days on Market: <1 day on Trulia |
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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 |
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Price List Price: $175,000Price Per Sqft: $61 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: Active |
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Direction & Address City: New Albany |
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Listing Agent Listing ID: 2026010644 |
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Building Area Building Area: 2864 Square Feet |
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Association for this Listing: Southern Indiana REALTORS AssociationNo HOA |
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Lot Area: 2613.6 sqft |
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Listing Terms: Cash, Conventional |
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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 |
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Days On Market Replication: 0 |
Last check for updates: about 2 hours ago
Listing courtesy of Matt Schaefer
Schaefer Real Estate, LLC
Originating MLS: Southern Indiana REALTORS Association
Source: SIRA, MLS#2026010644
Also Listed on SIRA.
Market trends in New Albany
Last updated June 2026
Avg. sale price
$250K
$9.98KMoM
Sale-to-List Price
—
Price per sq ft
$151
$1MoM
Available listings
199
19MoM
Price History for 623 E Spring Street
| Date | Price | Event | Source |
|---|---|---|---|
| 08/03/2026 | $175,000 | Listed For Sale | SIRA #2026010644 |
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Comparable Sales for 623 E Spring Street
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.28 | Multi-Family Home | $315,000 | 10/10/25 | 4 | 4 | 2,400 | |
0.33 | Multi-Family Home | $340,000 | 06/08/26 | 4 | 2 | 2,894 | |
0.45 | Multi-Family Home | $168,900 | 07/24/26 | 2 | 2 | 1,542 | |
0.34 | Multi-Family Home | $370,000 | 09/12/25 | 8 | 4 | 4,356 | |
0.47 | Multi-Family Home | $230,000 | 08/29/25 | 4 | 4 | 1,760 | |
0.48 | Multi-Family Home | $145,000 | 08/08/25 | 2 | 2 | 1,502 | |
0.62 | Multi-Family Home | $190,000 | 08/08/25 | 5 | 2 | 1,968 | |
0.89 | Multi-Family Home | $158,500 | 07/30/26 | 3 | 2 | 1,440 | |
0.67 | Multi-Family Home | $435,000 | 11/03/25 | 8 | 6 | 3,744 |
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Assigned Schools
These are the assigned schools for 623 E Spring Street.
- Nathaniel Scribner Middle School
- 5-8
- Public
- 941 Students
5/10GreatSchools RatingParent Rating AverageDuring Lunch, they make us wait for so long! Originally, we are supposed to have 30 minutes to eat right? Well, that's not how it is. By the time they dismiss us to get our food, half of our lunchtime has already gone by! That leaves us with 15 minutes to eat. My lunchtime is from 12:38 - 1:08. they dismiss us to get our lunch around 12:43. Maybe not always, but most of the time. The only kids who don't have to wait to eat their lunch are the ones who brought their lunch. Now that makes me want to bring my lunch, too! Now you see what that does to the school? If everyone brought their lunch, then the stocks will go down, because there are different things you can buy. (Ice-cream, cookies, chips, extra entree, etc..) Another thing I want to point out is that they took away the good food. I don't know if the food trucks don't bring it anymore, but other than that, I don't know why they got rid of the good food. Last year, every Thursday, they would have stromboli. Now this year, they took it away and added something that was already scheduled to serve on Tuesday. Bosco Sticks. some kids really like Bosco sticks. So do they add Bosco sticks to the schedule two times a week, just for that? Unacceptable. What about the kids who like Stromboli? In my opinion, Bosco sticks are just bread and cheese. (Also you can dip it in marinara sauce for more flavor) And Stromboli has bread, cheese, pepperoni, sausage, this sauce that makes it taste like heaven. (So basically a rolled-up pizza.) But what I'm saying, is I don't like how the school is picking favorites.Parent Review3y ago - New Albany Senior High School
- 9-12
- Public
- 1821 Students
7/10GreatSchools RatingParent Rating AverageStudents have a wide array of classes to choose from, Prosser School of Technology, advanced placement classes, and fantastic counselors and college advisors to assist with scholarships and choosing the best career pathParent Review5y ago - S Ellen Jones Elementary School
- PK-4
- Public
- 243 Students
6/10GreatSchools RatingParent Rating AverageWe have been a part of this school since fall of 2012 and so far, I have heard nothing but good things. The teachers seem very concerned with the child's progress throughout the school year, and communication between parent and teacher is adequate. The only thing I am not thrilled with, is it seems the work is too easy for my daughter! She is now in 2nd grade, and she's doing work that I did in kindergarten. I would like to have her advanced, or at least put in specialized classes!Parent Review12y ago 
Check out schools near 623 E Spring Street.
Neighborhood Overview
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.
LGBTQ Local Legal Protections
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Matt Schaefer, Schaefer Real Estate, LLC
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.