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2032 Culbertson Ave

2032 Culbertson Ave, New Albany, IN 47150

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Overview

Just listed: a cash-flowing 6-unit property in the heart of New Albany. This multifamily asset features one spacious 4-bedroom, 2-bath unit, four 1-bedroom, 1-bath units, one studio apartment, and a rented garage—offering a strong and diverse rental mix.

Recent improvements include a new roof and a new water heater, with units updated as they become vacant. The property is professionally managed, providing a turnkey opportunity for investors.

Whether you’re looking to start or expand your rental portfolio, this is a solid income-producing asset in a desirable location.

Fully occupied. Rent roll and financials available upon request.

For Sale

Multifamily
Sale Price
$489,000
Price Per SF
$108.79/SF
Building Size
4,495 SF
Acres
0.241 ac
Zoning
R-2
Zoning Desc.
Urban Residential
Year Built
1925
Parking Spaces
6
Property Status
Existing
Total Units
6
County
Floyd
Listed
04/23/2026
Updated
04/23/2026
Listing ID
f6c800f8
Parcel APN
22-05-02-802-000.000-008