Active

5Plex

1011 Vincennes St., New Albany, IN 47150

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Overview

Seller will consider - Seller-paid closing costs, Rate buy-down assistance, Renovation credit

Investment Opportunity! This fully occupied 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.

Directions:

Charlestown Road to Vincennes Street. Across the street from New Albany High

School.

For Sale

Multifamily

Secondary Uses: Low Rise

Sale Price
$600,000
Price Per SF
$103.79/SF
Building Size
5,781 SF
Acres
0.22 ac
Zoning
C-1
# of Buildings
2
Floors
2
Year Built
1919
Construction Siding
Wood
Construction Type
Wood
Parking Spaces
25
Nearest MSA
Louisville/Jefferson County
Property Status
Existing
In Opportunity Zone
Yes
Total Units
5
County
Floyd
Listed
05/08/2025
Updated
05/12/2026
Listing ID
fa7d7e59
Parcel APN
22-05-04-200-680.000-008