1011 Vincennes Street 5 New Albany, IN $ 600,000
1011 Vincennes Street 5
$ 600,000
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1011 Vincennes Street 5

New Albany, IN, 47150
$ 600,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,694

1011 Vincennes Street 5, New Albany, IN 47150 - Image 1
1011 Vincennes Street 5, New Albany, IN 47150 - Image 2
1011 Vincennes Street 5, New Albany, IN 47150 - Image 3
1011 Vincennes Street 5, New Albany, IN 47150 - Image 4
1011 Vincennes Street 5, New Albany, IN 47150 - Image 5
1011 Vincennes Street 5, New Albany, IN 47150 - Image 6
1011 Vincennes Street 5, New Albany, IN 47150 - Image 7

Commercial Property for sale in New Albany, IN

for $600,000. This building was built in 1919 on a lot size of 0.22.

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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Commercial Active

Price

$ 600,000

Property Type

Commercial

Taxes

$ 2,404

Style

Lot Size

0.22

Year Built

1919

Town/City

New Albany

County/Region

Floyd

MLS | Web ID

202608003

Features
General
Construction Materials Frame
Year Built 1919
Township New Albany
Unit Number 5
Property Subtype Multi Family
County Floyd
Property Type Commercial Sale
Status Active
Directions Spring St to Vincennes - Across from New Albany HS.
City New Albany
Lot Size Units Acres
Lot Size Square Feet 9583.2
Tax Annual Amount 2404
Standard Status Active
Property Sub Type Additional Multi Family
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Exterior
Lot Size Area 0.22
Building Area Total 5356
Lot Size Acres 0.22
Lot Size Source Assessor
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* Excluded Features
List By
Matt Lincoln

Listing Agent

Schuler Bauer Real Estate Services Era Powered (N

Broker

matt@barbarapopp.com

Email

Affordability Calculator

$3,895
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,694
Monthly Property Taxes
$200
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/8/2026$600,000 Listed Price

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1011 Vincennes Street 5, New Albany, IN, 47150 is a Commercial Property for sale at $600,000 with a lot size of 0.22. 1011 Vincennes Street 5 was built in 1919. The property's zip code is 47150 which is in New Albany, IN