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1011 Vincennes Street , #5

New Albany, IN 47150
  • $600,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 202608003
$600,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1919
County:
Area:

School Ratings & Info

Description

Seller would consider - Seller-paid closing costs, Rate buy-down assistance, Renovation credit. Great investment opportunity! This 5-unit property offers immediate income with additional upside potential. Strong rental demand in the area provides an opportunity to increase rents and improve the overall return. Ideal for both seasoned investors and those looking to expand their portfolio. Seller is motivated and open to reviewing all reasonable offers. Flexible terms are possible, including closing cost assistance or creative financing options for qualified buyers. A rare chance to acquire a multi-unit property with value-add potential in a growing market. This 5-unit apartment building offers a rental portfolio with a variety of floor plans. Unit 4 features 3 bedrooms and 3 full baths, while Units 1, 2, and 3 each offer 2 bedrooms and 2 baths—Unit 3 being the only upstairs unit with private deck entry. Unit 5 is a cozy 1 bedroom, 1 bath on the first floor. All units are individually climate-controlled with efficient mini-split systems. A great option for investors seeking consistent rental income with modern amenities already in place.

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© 2026 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or WSG Homes and Properties | Real Broker LLC. Data last updated: 2026-06-13T00:04:38.813.
www.wsghomesandproperties.com/homes/176250230
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1011 Vincennes Street , #5 New Albany, IN 47150

  • Price: $600,000
  • Status: Active
  • On Site: 35 Days
  • ID#: 202608003
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1919
Built
County:
Floyd
Area:
New Albany
Property Description
Seller would consider - Seller-paid closing costs, Rate buy-down assistance, Renovation credit. Great investment opportunity! This 5-unit property offers immediate income with additional upside potential. Strong rental demand in the area provides an opportunity to increase rents and improve the overall return. Ideal for both seasoned investors and those looking to expand their portfolio. Seller is motivated and open to reviewing all reasonable offers. Flexible terms are possible, including closing cost assistance or creative financing options for qualified buyers. A rare chance to acquire a multi-unit property with value-add potential in a growing market. This 5-unit apartment building offers a rental portfolio with a variety of floor plans. Unit 4 features 3 bedrooms and 3 full baths, while Units 1, 2, and 3 each offer 2 bedrooms and 2 baths—Unit 3 being the only upstairs unit with private deck entry. Unit 5 is a cozy 1 bedroom, 1 bath on the first floor. All units are individually climate-controlled with efficient mini-split systems. A great option for investors seeking consistent rental income with modern amenities already in place.
Exterior Features

Construction Materials Frame

Interior Features

Building Area Total 5356

Property Features

Current Use Multi- Family Property Sub Type Multi Family Property Sub Type Additional Multi Family Tax Annual Amount 2404 Township New Albany

Listing courtesy of Matt Lincoln at Schuler Bauer Real Estate Services ERA Powered (N: 812-948-2888.


© 2026 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or WSG Homes and Properties | Real Broker LLC. Data last updated: 2026-06-13T00:04:38.813.
 
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