1217 E Spring St

New Albany, IN 47150

$499,000
Price
—
Beds
5,935 Sq. Ft.
$84 / Sq. Ft.
5,935
Sq. Ft.
$84
per Sq. Ft.
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Description

Positioned in the heart of New Albany, the Alexander Dowling Home presents a rare and compelling investment opportunity within the highly sought afte E Spring St Historic District. Located at 1217 E. Spring St & listed on the Historic Registry, this Italianate gem offers the perfect blend of historic significance & income producing potential. Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances...Positioned in the heart of New Albany, the Alexander Dowling Home presents a rare and compelling investment opportunity within the highly sought afte E Spring St Historic District. Located at 1217 E. Spring St & listed on the Historic Registry, this Italianate gem offers the perfect blend of historic significance & income producing potential. Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts. Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals). Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use. An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential. With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
  1. Listed by Kim Kraft • Berkshire Hathaway HomeServices Parks & Weisberg R • 812-282-0426
  2. Listed by Ken Groh • Berkshire Hathaway HomeServices Parks & Weisberg R

Property Details for 1217 East Spring Street

Architectural Style
TwoStory
Stories
2
Community Features
Sidewalks
Zoning
Residential
LISTING UPDATED: 03/18/2026 10:22 AM

Property Details for 1217 East Spring Street

StatusActive
MLS #2025010318
Days on Market251
Taxes$7,563 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Residential
Year Built1929
Lot Size0.51 AC / 22,215 SF
CountyFloyd County
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Location

Listing Courtesy of Berkshire Hathaway HomeServices Parks & Weisberg R
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Building Information for 1217 East Spring Street

Stories2Year Built1929Building Size-Lot Size0.51 AC / 22,215 SF

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$3,143 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,513

Property Taxes

$630

HOA Dues

$0

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Property Information for 1217 East Spring Street

Summary
Location and General Information
  • Directions: State Street to left on Spring Street, home is on the lelft.
  • State Or Province: IN
  • Township: New Albany
  • Postal Code: 47150
  • Postal Code Plus: 2888
  • City: New Albany
  • County Or Parish: Floyd
  • Zoning Description: Residential
Taxes and HOA Information
  • Tax Annual Amount: $7,563.00
  • Tax Legal Description: P.13 L.48 & L.50 P.13 L.46
  • Association: No
  • Parcel Number: 220502800539000008
School Information
  • Elementary School District: New Albany-Floyd Cty
  • Middle Or Junior School District: New Albany-Floyd Cty
  • High School District: New Albany-Floyd Cty
Parking
  • Garage: No
  • Parking Features: NoGarage
  • Other Parking: Other
Property
Lot Information
  • Above Grade Finished Area Source: ListingAgent
  • Below Grade Finished Area: 0.0
  • Above Grade Finished Area: 5935.0
  • Living Area: 5935.0
  • Lot Features: AdditionalLandAvailable, CornerLot
  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 22215.6
  • Lot Size Units: Acres
  • Lot Size Dimensions: 80x170
  • Building Area Source: ListingAgent
  • Building Area Total: 5935.0
Property and Assessments
  • Road Surface Type: Paved
  • Property Condition: Resale
  • Year Built: 1929
  • New Construction: No
Utilities
  • Water Source: Connected, Public
  • Sewer: PublicSewer
Interior and Exterior Features
Exterior Features
  • Construction Materials: WoodSiding
  • Exterior Features: HandicapAccessible, Landscaping, PavedDriveway
  • Roof: Other
  • Foundation Details: Block
Interior Features
  • Basement: Yes
  • Basement: Partial
  • Cooling: Yes
  • Cooling: CentralAir
  • Fireplace: No
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Heating: Yes
  • Bedrooms Total: 0
  • Heating: HeatPump
  • Levels: Two
  • Rooms Total: 0
  • Interior Features: OpenFloorplan, Storage, VaultedCeilings, NaturalWoodwork
Mobile Home
Mobile Home Information
  • Human Modified: Yes
Agent
Confidential
  • Internet Entire Listing Display: Yes
Rental
Rental Information
  • Lease Considered: No
  • Occupant Type: Vacant

Property History for 1217 East Spring Street

DateEvent & SourcePriceAppreciation
Aug 15, 2025

Listed (Active)

Southern Indiana REALTORS® Association #2025010318

$595,000—
DateEvent & SourcePrice
08/15/2025

Listed (Active)

Southern Indiana REALTORS® Association #2025010318

$595,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1217 East Spring Street

Taxable ValueLand$52,800Additions$281,900Total$334,700
Tax Record2025$9,196 ($766 / month)
Home Facts
Beds0Baths3Total Finished SqFt5,060 SqFtAbove Grade Finished SqFt5,060 SqFtStories2Lot Size13,591 SqFtStyleSingle Family ResidenceYear Built1929CountyFLOYDAPN22-05-02-800-539.000-008

Schools near 1217 East Spring Street

This home is within New Albany-Floyd County Con Sch.
Rating
School
Type
Grades
Distance
S Ellen Jones Elementary School
Public - PK to 4
Hazelwood Middle School
Public - 5 to 8
New Albany Senior High School
Public - 9 to 12
Prosser Career Education Center
Public - 6 to 12
Rating
School
Distance
S Ellen Jones Elementary School
PublicPK to 4

Hazelwood Middle School
Public5 to 8

New Albany Senior High School
Public9 to 12

Prosser Career Education Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1217 East Spring Street, New Albany, IN 47150

1217 East Spring Street is a single family home for sale in New Albany, IN 47150. This property was listed for sale on August 15, 2025 by Berkshire Hathaway HomeServices Parks & Weisberg R, it's currently listed at $499,000. This listing's school district is New Albany-Floyd County Con Sch. Nearby schools include S Ellen Jones Elementary School, Hazelwood Middle School and New Albany Senior High School. 1217 East Spring Street is a 0-bed, 3-bath, 5,935 sqft single family home built in 1929.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Parks & Weisberg R

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.