About This Home

This 2-bedroom, 1-bathroom single family at 2639 & 2705 Paoli Pike in New Albany, IN is listed for $500,000 ($419 per sqft). Built in 1938, the home offers 1,193 sqft of living space on a 9.19 acres lot.

Key Features

  • Built in 1938
  • 9.19 acre lot
  • Fireplace

Property Details

1 story
1 full
1-car garage
1938

Amenities

FireplaceA/C
Listing Description

RARE Development Opportunity in the Heart of New Albany! First time on the market in over 65 years-don't miss your chance to own approximately 9.19+/- acres of prime real estate along highly visible Paoli Pike/State Street and Binford Road. This unique parcel offers road frontage on two sides & features a mix of level to gently sloping topography, making it ideal for a variety of potential uses.

Currently zoned residential, this land holds exceptional potential for patio homes, townhouses, or a thoughtfully designed residential development with possible rezoning. Located just minutes from shopping, dining, medical facilities, & interstate access, the location is as convenient as it is strategic.

This is a rare opportunity for developers or investors looking to create something special in a sought-after New Albany corridor. Call today for more details or to schedule a walk of the property-opportunities like this don't come around often! Do not attempt to enter white house. It is unsafe.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

2639 & 2705 Paoli Pike

New Albany, IN 47150

Features & Amenities

Exterior Features

Covered Porch

Property Details

Outdoor Features

Porch

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 2639 & 2705 Paoli Pike is listed at $500,000 ($419/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 9.19 acre lot, Fireplace. Exterior Features: Covered Porch.

This property is listed by Chris West.

CW

Chris West

Agent at RE/MAX FIRST

Listed by RE/MAX FIRST · Broker phone: (812) 283-4778 · View on Broker Site · Broker website

MLS# 202508589· Source: Southern Indiana REALTORS Association· 510 days on PropertySimple

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.

2639 & 2705 Paoli Pike, New Albany, IN 47150

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