# 2235 Ekin Avenue, New Albany, IN 47150 > **TL;DR:** 4bd/4ba single family, $275,000 ($146/sqft), built 1929, 1,880 sqft. Est. $1,471/mo. Listed 16 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $275,000 | | Price/sqft | $146 | | Bedrooms | 4 | | Bathrooms | 4 full | | Square Feet | 1,880 | | Year Built | 1929 | | Lot Size | 4,051 sqft (0.09 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 16 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,391 | | Estimated Insurance | $80 | | **Total** | **$1,471** | ## Property Highlights - Built in 1929 - 0.09 acre lot ## Description ### Agent Description Yes, you can still find a rental property that beats the 1% rule! Fully leased, 4-unit apartment building in Uptown New Albany with numbers that work: $3140 per month in rent income, which is $37,680 a year. A cash-on-cash return like this is hard to find right now. All four units have been updated in some way within the last two years. A floorplan is provided showing the three 1-bedroom units and one studio (combined bedroom and living room). Each unit has its own furnace and separate gas and electric meters. Tenants pay gas and electric. Unit 2 has a washer and dryer. There is off-street parking for 4 cars (rare for an uptown 4-plex), plus a grassy yard for playing and dog walking. With a full-price offer, seller will contribute up to $5,000 towards an interest rate buydown or other buyer closing costs that the lender allows, plus a 1-year home warranty for peace of mind, and will do some repairs that the home inspector noted. Or you can get a discounted price by buying it as-is. A building floor plan, rent roll, tax record, income and expense summary, and a 2026 Certainty Home Inspection report are available, so you can be sure that viewing it in person would be a good use of time. Run the numbers on this one using your favorite investment calculator app - you'll be glad you did. Ask your tax advisor how buying this before the end of the year can potentially save money on taxes. Or, you may be able to buy this with a 5% down payment if you use it as your primary residence. ## Location - **Address:** 2235 Ekin Avenue, New Albany, IN 47150 - **County:** Floyd - **Coordinates:** 38.301651, -85.800591 - **Google Maps:** https://www.google.com/maps?q=38.301651,-85.800591 ## Listing Agent - **Name:** Heidi Fore - **Brokerage:** Keller Williams Realty Southern Indiana - **Broker Phone:** (502) 269-6898 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2235-Ekin-Ave_New-Albany_IN_47150_M91507-54056?f=listhub&s=SIREAIN&m=2026012589&c=propsimple) ## Photos ![2235 Ekin Avenue - Photo 1](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f727296128r.jpg) ![2235 Ekin Avenue - Photo 2](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3278543061r.jpg) ![2235 Ekin Avenue - Photo 3](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3557406828r.jpg) ![2235 Ekin Avenue - Photo 4](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f614282816r.jpg) ![2235 Ekin Avenue - Photo 5](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f218260540r.jpg) ![2235 Ekin Avenue - Photo 6](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f2158658670r.jpg) ![2235 Ekin Avenue - Photo 7](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3277250405r.jpg) ![2235 Ekin Avenue - Photo 8](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f2443329696r.jpg) ![2235 Ekin Avenue - Photo 9](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f133695180r.jpg) ![2235 Ekin Avenue - Photo 10](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3069403055r.jpg) ![2235 Ekin Avenue - Photo 11](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f1037027746r.jpg) ![2235 Ekin Avenue - Photo 12](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f1289695465r.jpg) ![2235 Ekin Avenue - Photo 13](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f2709539212r.jpg) ![2235 Ekin Avenue - Photo 14](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3006535283r.jpg) ![2235 Ekin Avenue - Photo 15](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f4172332098r.jpg) ![2235 Ekin Avenue - Photo 16](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3684747034r.jpg) ![2235 Ekin Avenue - Photo 17](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f431015923r.jpg) ![2235 Ekin Avenue - Photo 18](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f1784942810r.jpg) ![2235 Ekin Avenue - Photo 19](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f1844683392r.jpg) ![2235 Ekin Avenue - Photo 20](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3740780655r.jpg) ![2235 Ekin Avenue - Photo 21](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3219056601r.jpg) ![2235 Ekin Avenue - Photo 22](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f2251055940r.jpg) ![2235 Ekin Avenue - Photo 23](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f431433429r.jpg) ![2235 Ekin Avenue - Photo 24](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f643582869r.jpg) ![2235 Ekin Avenue - Photo 25](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f713402440r.jpg) ![2235 Ekin Avenue - Photo 26](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3594924048r.jpg) ![2235 Ekin Avenue - Photo 27](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f3604239845r.jpg) ![2235 Ekin Avenue - Photo 28](http://lh.rdcpix.com/53861f0786234fbbc8721ef6fc66d8f7l-f1221015661r.jpg) --- **MLS#:** 2026012589 | **Updated:** 2026-10-27 **Source:** listhub *Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/2235-ekin-avenue-new-albany-in-47150-e1f2bb62a4324c2581d1fcb41bdc5787) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/2235-ekin-avenue-new-albany-in-47150-e1f2bb62a4324c2581d1fcb41bdc5787#listing", "url": "https://staging.propertysimple.ai/listing/2235-ekin-avenue-new-albany-in-47150-e1f2bb62a4324c2581d1fcb41bdc5787", "name": "2235 Ekin Avenue, New Albany, IN 47150", "description": "Yes, you can still find a rental property that beats the 1% rule! Fully leased, 4-unit apartment building in Uptown New Albany with numbers that work: $3140 per month in rent income, which is $37,680 a year. A cash-on-cash return like this is hard to find right now. All four units have been updated in some way within the last two years. A floorplan is provided showing the three 1-bedroom units and one studio (combined bedroom and living room). Each unit has its own furnace and separate gas and electric meters. Tenants pay gas and electric. Unit 2 has a washer and dryer. There is off-street parking for 4 cars (rare for an uptown 4-plex), plus a grassy yard for playing and dog walking. With a full-price offer, seller will contribute up to $5,000 towards an interest rate buydown or other buyer closing costs that the lender allows, plus a 1-year home warranty for peace of mind, and will do some repairs that the home inspector noted. Or you can get a discounted price by buying it as-is. A building floor plan, rent roll, tax record, income and expense summary, and a 2026 Certainty Home Inspection report are available, so you can be sure that viewing it in person would be a good use of time. Run the numbers on this one using your favorite investment calculator app - you'll be glad you did. Ask your tax advisor how buying this before the end of the year can potentially save money on taxes. 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