Downtown New Albany 4-Plex Online Auction
Listing ID#: 887317
| Sale Location |
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916 E. Spring Street New Albany, IN 47150 |
| Sale Dates and Times |
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Bidding Starts: Tuesday Aug 4, 2:00 PM Bidding Ends: Tuesday Aug 25, 2:00 PM |
| Sale Type |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Harritt Group Auctions Contact: Douglas Harritt Phone: 812-944-0217 Email: doug@harrittgroup.com Website: harrittgroup.com EstateSale.com ID#: 11645 View company information and listings |
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| Listing Terms and Conditions |
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Buyer's Premium
10% Buyer’s Premium added to the hammer bid price to determine the final purchase price. Real Estate Terms A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet. Reserve Sells Subject to Seller Confirmation |
| Listing Information |
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DOWNTOWN NEW ALBANY 4-PLEX | ONLINE AUCTION BIDDING BEGINS: TUESDAY, AUGUST 4 @ 2PM BIDDING ENDS: TUESDAY, AUGUST 25 @ 2PM 916 E. SPRING STREET, NEW ALBANY, IN 47150
Selling at online auction for the Estate of Charles Roberson, this turn-of-the-century four-unit apartment building offers a rare investment opportunity just east of the heart of Downtown New Albany. The two-story building contains four one-bedroom apartments, two units on each level with parking in rear. Ready for complete rehabilitation, the property presents an excellent opportunity for investors, contractors, or developers to restore and reposition this income-producing property in one of Southern Indiana’s most sought after downtown districts.
PROPERTY HIGHLIGHTS
Two-Story Vinyl-Sided Four-Plex 2,780 Square Feet on Two Floors Covered Front Porch Four One-Bedroom Apartments Original Staircase & Entry Foyer 10 Foot Ceilings 28’ x 136’ Lot Rear Off-Street Parking with Alley Access Investment & Redevelopment Opportunity New Albany Floyd County Schools Minutes from Downtown New Albany Convenient Access to I-64 Sherman Minton Bridge
APARTMENT #1 Ground One-Level Apartment 610 Square Feet 10-Foot Ceilings Large Living Room Kitchen with Refrigerator & Range Oven One Bedroom Full Bath Gas Forced Air Furnace Inside Entrance off Entry Foyer
APARTMENT #2 Second Floor Apartment 569 Square Feet 10-Foot Ceilings Large Living Room Kitchen with Refrigerator & Range Oven One Bedroom Full Bath Gas Forced Air Furnace Inside Entrance off Entry Foyer
APARTMENT #3 Ground One-Level Apartment 420 Square Feet 10-Foot Ceilings Living Room Kitchen with Refrigerator & Range Oven One Bedroom Full Bath Gas Wall Furnace Side Outside Entrance
APARTMENT #4 Second Floor Apartment 488 Square Feet 10-Foot & 8.6-Foot Ceilings Large Living Room Kitchen with Refrigerator & Range Oven One Bedroom Full Bath Gas Wall Furnace Rear Outside Entrance
The building retains several original architectural elements, including a period staircase and entry foyer, while offering the conveniences of separate utilities for each apartment. With rear alley access, off-street parking, and a traditional four-unit layout, the property provides a solid foundation for a complete renovation and future rental income.
BUILDING DETAILS 17’x12’ Utility Cellar with Outside Entrance Separate Gas & Electric Meters Separate Braker Panels Four Electric Water Heaters Four Electric 100-Amp Electrical Service Panels
NOTE
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UTILITIES Duke Energy CenterPoint Energy Indiana American Water Company New Albany Sewers
REAL ESTATE TAXES (2025/2026) New Albany City (Annual) – $3,311.36
DEDUCTIONS None
FLOOD ZONE FEMA records indicate that the property is not in a flood zone.
SURVEY Property is being sold per deed, without survey.
LEGAL DESCRIPTION Plat 13 28’ Lot 15
PARCEL 22-05-02-800-525.000-008
SCHOOL CORPORATION New Albany-Floyd County Consolidated
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BUYERS PREMIUM 10% Buyer’s Premium added to the hammer bid price to determine the final purchase price.
REAL ESTATE TERMS A non-refundable down payment, 10% of the Purchase Price (Final Bid + Buyer’s Premium), in the form of cash, check, or wired funds in USD are due within 24 hours following the auction, balance due in 40 days. Buyer to receive clear title. Taxes prorated to the day of closing. Selling as is without contingencies, all inspections welcomed prior to auction. If you choose to obtain financing, not subject to approval or appraisal. All closing costs are the buyer’s expense. Possession at closing. See full details in the Auction Bid Packet.
RESERVE Sells Subject to Seller Confirmation
OPEN HOUSE Tuesday, August 11, 5:00 PM - 7:00 PM Tuesday, August 25, 11:00 AM - 1:00 PM Or contact us for a private showing.
PROPERTY LOCATION 916 E. Spring Street, New Albany, IN 47150
SELLER Charles E. Roberson Estate
PERSONAL REPRESENTATIVE Judy Roberson
ESTATE ATTORNEY John Kraft
DIRECTIONS From State Street turn East on Spring Street. Continue nine blocks to the property on the right.
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