Listed by Berkshire Hathaway HomeServices Parks & Weisberg, Realtors
$499,000
1217 E Spring Street
Details
APN 220502800539000008
Property Type Multifamily, Office
Sub Type Farm, Executive Office
Square Footage 5,935
Year Built 1929
Stories 2
Acreage 0.510
Zoning Residential
Parking Spaces 4 spaces
Parking Per SqFt 0.67
Investment Type Owner/User
Multifamily
Marketing description
SELLER WILL ENTERTAIN ALL REASONABLE OFFERS & SELLER FINANCING OPTIONS. AS-IS.
In the heart of New Albany, discover the Alexander Dowling Home, a heritage rich Italianate gem nestled at 1217 E. Spring Street in New Albany's esteemed East Spring Street Historic District - Listed on the Historic Registry.
The corner location at E. Spring Street and 13th Street give it great visual exposure on Spring Street just blocks from downtown. This building includes a parking lot next door with parking for up to 20+ cars making it an ideal opportunity to use this building as a professional office setting such as a law, real estate, insurance or any type of business. There is also a full living quarters on the second floor with 2 bedrooms, 1 full bath, kitchen, dining room and family room which could give a business owner the option of living on site while running thier own business downstairs. There is an additional 1 bedroom/1 bath efficiency space on the second floor as well.
Other options include restoring it to its original brilliance of a grandiose home or dividing into multiple living spaces as a rental income building. This building falls within proximity to the broader New Albany Downtown Historic District and many other businesses. Seller is open to owner financing terms and/or a purchase contract as well.
Investment highlights
- Total Finished Square Footage: 5,935
- Above Grade Finished: 5,935.0
- Land Assessment: 52,800
- Improvements: 281,900
- Total: 334,700
- Parcel: Number220502800539000008
- Lot Size: 0.51 / 22215.6
- Lot Size Source: Assessor
- Lot Dimensions: 80x170
- Year Built: 1929
- Annual Tax: 7,563
- Tax Year: 2024/2025
Listing Contacts
Listed by Berkshire Hathaway HomeServices Parks & Weisberg, Realtors
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Zoning
C-1B CommercialRetail CommercialLocal Business
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics
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