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Landlord Special on Locust St - potential 3 bed Conversion.
1519 Locust St
New Albany, IN, 47150
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Starting at
$40,000
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After-repair value
$150,000
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Open house
Tue, Sep 22
11:00 AM ET
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Offers due Wed, Sep 23 at 11:00 AM ET
Submit at or above $40,000. No extensions will be granted.
Buyer’s agents, include your commission in the offer. This is not first-come, first-served. Every buyer gets the same shot.
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Can’t make the showing?
Offer without walking it.
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Quick facts
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Bedrooms / baths
2 / 1
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Square feet
1,272
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Year built
1929
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Lot size
0.11 acres
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Market rent
$1,230/mo
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Occupancy
Vacant
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Earnest money
$5,000
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Closing by
10/01/2026
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What makes this deal special
Solid New Albany value-add opportunity with 1,272 sqft, 2 bedrooms, and a potential 3rd bedroom conversion. The extra square footage and bedroom upside gives investors multiple exit strategies, whether you're looking to flip, add value and refinance, or hold as a rental.
Branden Miletta
Investment Sales Specialist, Rapid Fire Investments
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Comparable sales
1428 Locust St, New Albany, IN 47150 2 bd / 1 ba | 1084 sqft | closed May 2026 Renovated |
1307 Chartres St, New Albany, IN 47150 2 bd / 1 ba | 1060 sqft | closed Jul 2024 Renovated |
Pulled from public record and provided for reference only.
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Known repairs
| HVAC Furnace 2020, ac is window units |
These notes reflect what we saw at the walkthrough. They are estimates, not inspections.
Verify condition, comps, scope, and every figure in this email independently before you offer.
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Either way, offers are due Wed, Sep 23 at 11:00 AM ET.
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Branden Miletta
Investment Sales Specialist
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Terms of this deal
| $5,000 earnest money, hard day one. Forfeited if the buyer fails to perform; refundable if title issues arise or the seller backs out. |
| Closing on or before 10/01/2026. |
| Title is open with Turn Key Title. |
| Sight-unseen, no-contingency cash offers are accepted. |
| Agents: add your fee to the offer and bring us a buyer. |
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Rapid Fire Investments, a DBA of Streamline Realty LLC
We are selling our assignable purchase contract, not the real property itself. Rapid Fire
Investments is not acting as your agent or fiduciary.
Full disclosures and disclaimers
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