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.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1929
Materials
- Foundation: Slab,Cellar
- Roof: Shingle
- Construction materials: Aluminum Siding,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: One Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Microwave,Oven,Range,Refrigerator,Washer
- Laundry features: Main Level,Laundry Room
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Ceiling Fan(s),Bath in Primary Bedroom,Main Level Primary,Window Treatments
- Window features: Blinds
- Finished area below ground: 0
- Finished area above ground: 1,327
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,327
- Total interior livable area: 1,327 sqft
Property
Details
- Parcel number: 220502800290000008
- Zoning: Residential
- Zoning description: Residential
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Deck,Fence,Landscaping
- Fencing: Yard Fenced
Lot
- Lot size: 3,920 sqft
- Lot size dimensions: see lot size
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Strong Wind
- Tornado
- Winter Weather
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,112 | $13,344 |
| Home Insurance * | $136 | $1,632 |
| Property Taxes | $133 | $1,596 |
| Electricity | $184 | $2,212 |
| Total | $1,565 | $18,780 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-07 | Listed for sale | $220,000 |
| 2025-11-18 | Listing removed | $1,645 |
| 2025-11-12 | Price change | $1,645 |
| 2025-11-05 | Price change | $1,695 |
| 2025-10-28 | Price change | $1,745 |
| 2025-10-21 | Price change | $1,800 |
| 2025-10-13 | Listed for rent | $1,845 |
| 2023-08-17 | Sold | $190,000 |
| 2023-07-01 | Pending sale | $193,900 |
| 2023-06-24 | Listed for sale | $193,900 |
| 2023-06-11 | Pending sale | $193,900 |
| 2023-06-09 | Listed for sale | $193,900 |
| 2023-01-17 | Sold | $82,000 |
| 2022-10-27 | Listed for sale | $85,000 |
For Sale by Agent
View on Zillow