1401 E Oak Street, New Albany, IN, 47150

About This Home

Updated home for sale in downtown New Albany, Indiana, investment opportunity with tenant in place! Located in the heart of downtown New Albany, this 2-bedroom, 2 full bathroom home offers a strong opportunity for investors or future owner-occupants. With an active lease in place through November, this property provides immediate rental income potential in a highly desirable, walkable location. This renovated New Albany home blends original character with modern updates, featuring high ceilings, arched doorways, and a functional, open layout. The spacious living room flows into a dedicated dining area, while the updated kitchen includes newer cabinetry, countertops, and stainless steel appliances that remain. Both full bathrooms have been fully updated with ceramic tile finishes, including tiled showers and modern vanities. The primary bedroom includes a private en-suite bath, an increasingly sought-after feature in homes in this area. A rear bonus room provides flexible space for a home office, sunroom, or potential third bedroom (no closet) and offers direct access to the back deck. Outside, you'll find a fenced yard and off-street parking pad for two vehicles, adding convenience for tenants or future owners. Situated just minutes from local restaurants, coffee shops, and entertainment, this walkable downtown New Albany property combines location, updates, and income potential. Sq ft & rm sz approx.