1011 Vincennes Street 5, New Albany, IN 47150
Floyd County
Key Facts
Description
$25,000 seller credit if an offer is accepted by 9/15/26. 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.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1919
Living Area
5,356 sq ft
Lot Size
0.22 acres
Days on Market
59
MLS® Listing#
202608003
Property Features
Construction
Financial Details
Annual Taxes
$2,404
Parcel Number
0086260140
Directions
Spring St to Vincennes - Across from New Albany HS.
Affordability Calculator
$115,000
Estimated monthly payment
$3,060/mo
Principal $460,000 · Est. interest $641,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Albany, IN
- $290,503
- Median Listing Price
- 47
- Median Days on Market
- 1,660
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 333
- Active Listings
- This home’s price is 98% above the area median.
- Its price per sq ft is 35% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Albany, IN.
Location
Points of Interest in New Albany, IN
Showing the New Albany area map.
Nearby Schools
New Albany High School
Secondary · 0.1 mi away
Hazelwood Middle School
Secondary · 0.3 mi away
S Ellen Jones Elementary School
Elementary · 0.5 mi away
Division Street School
School · 0.5 mi away
St. Mary's Catholic Church
School · 0.7 mi away
Children's Academy-New Albany
School · 0.8 mi away
Fairmont Elementary School
Elementary · 0.9 mi away
Slate Run Elementary School
Elementary · 1.3 mi away
Green Valley Elementary School
Elementary · 1.4 mi away
New Albany Floyd County Consolidated School Corporation
School · 1.4 mi away
Prosser School of Cosmetology
Secondary · 1.5 mi away
Our Lady Perpetual Help School
School · 1.6 mi away
Our Lady of Providence High School
Secondary · 1.6 mi away
Holy Family School
School · 1.7 mi away
Scribner Middle School
Secondary · 1.7 mi away
Portland Elementary School
Elementary · 1.7 mi away
Christian Academy of Indiana
School · 2.2 mi away
Grace Lutheran Church
School · 2.2 mi away
The Dolfinger
School · 2.2 mi away
Mount Tabor School
Elementary · 2.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3254 S Ansley Drive, New Palestine, IN | $409,000 | 3 | 2 | 2,514 |
| 2274 S Stonehill Way, New Palestine, IN | $410,000 | 5 | 3 | 2,760 |
| 3268 S Cordell Road, New Palestine, IN | $415,000 | 4 | 3 | 2,287 |
| 3330 S Cordell Road, New Palestine, IN | $419,900 | 5 | 3 | 3,276 |
| 3801 S Cedar Creek Lane, New Palestine, IN | $419,900 | 4 | 3 | 2,186 |
| 3625 Greenfield Drive, New Albany, IN | $424,900 | 3 | 3 | 3,188 |
Moving Cost Estimate
EXIT Agents in New Albany
Listing Courtesy: Schuler Bauer Real Estate Services ERA Powered (N - 812-948-2888
Last Updated: 2026-05-08