Ad #7043658
MLS #2025010318
Positioned in the heart of New Albany, the Alexander Dowling
1217 E Spring St, New Albany, Indiana, 47150
$499,000
0Beds
3Baths
5,935Sqft
0.510Acres
About this property
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.
Property Features
0 Beds
3 Baths
5,935 Sqft
Built in 1929
0.510 Acres
2 Stories
Heat Pump (Heating)
$7,563 / yr property tax
Floyd County
Additional Photos
Contact Information
Kim Kraft
Berkshire Hathaway HomeSerivces Parks & Weisberg, Realtors
502-552-0411
Location
Listing Agent: Kim Kraft 502-552-0411
Broker: Berkshire Hathaway HomeSerivces Parks & Weisberg, Realtors 502-552-0411 Listing Site
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.
Broker: Berkshire Hathaway HomeSerivces Parks & Weisberg, Realtors 502-552-0411 Listing Site
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.
BarrierFreeHome.com
Printed Jun 8, 2026
Photo Gallery
$499,000
0
Beds
3
Baths
5,935
Sqft
1217 E Spring St, New Albany, Indiana, 47150
By contacting this agent you agree to these Terms and Conditions.
MLS# 2025010318
Positioned in the heart of New Albany, the Alexander Dowling
$499,000
1217 E Spring St, New Albany, Indiana, 47150
0
Beds
3
Baths
5,935
Sqft
0.510
Acres
$499,000
1217 E Spring St, New Albany, Indiana, 47150
0 Beds
3 Baths
5,935 Sqft
0.510 Acres
Accessibility Features
Accessible Approach with Ramp
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.
194 days
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Property Details
HOME DETAILS
0 Beds
3 Baths
5,935 Sqft
Built in 1929
0.510 Acres
2 Stories
INTERIOR
Heat Pump (Heating)
FINANCIAL & COMMUNITY
$7,563 / yr property tax
Floyd County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7043658
Viewed
68 times
Listing Status
Pending
Added
Nov 26, 2025
Last Refresh
Jun 08, 2026 09:04:43 PM
Listing Information
Data Source
Southern Indiana REALTORS Association
Source Property ID
2025010318
Listing Agent: Kim Kraft 502-552-0411
Broker: Berkshire Hathaway HomeSerivces Parks & Weisberg, Realtors 502-552-0411 Listing Site
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.
Broker: Berkshire Hathaway HomeSerivces Parks & Weisberg, Realtors 502-552-0411 Listing Site
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.
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