1011 Vincennes Street 5, New Albany, IN 47150

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.

Listing Status:

Active

Data Last Updated:

May 25, 2026 at 12:17AM

Listing Office:

Schuler Bauer Real Estate Services ERA Powered (N : 812-948-2888

MLS ID:

202608003

Construction

• General: Frame

Location

• Originating MLS: SIRA_SIRA
• County: Floyd

Lot

• Zoning: P 63 S 1/2 L 9 & N 45' L 70086260140
• Current Use: Multi-Family

Financial

• Source: SIRA_SIRA