# 1011 Vincennes Street, New Albany, IN 47150

> **TL;DR:** commercial, $600,000 ($112/sqft), built 1919, 5,356 sqft. Est. $2,600/mo. Listed 24 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $600,000 |
| Price/sqft | $112 |
| Square Feet | 5,356 |
| Year Built | 1919 |
| Lot Size | 9,583 sqft (0.22 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 24 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,600 |
| **Total** | **$2,600** |

## Property Highlights

- Built in 1919
- 0.22 acre lot

## Description

### Agent 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.

## Location

- **Address:** 1011 Vincennes Street, New Albany, IN 47150
- **County:** Floyd

## Listing Agent

- **Name:** Matt Lincoln
- **Brokerage:** Schuler Bauer Real Estate Services ERA Powered (N
- **Phone:** (812) 948-2888
- **Email:** matt@barbarapopp.com

## Primary Photo

![1011 Vincennes Street - Primary Photo](http://lh.rdcpix.com/5fc33e7dba4ebb8584566aa111646df0l-f1349940798r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/1011-vincennes-street-new-albany-in-47150-02608003)*

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**MLS#:** 202608003 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1011-vincennes-street-new-albany-in-47150-02608003)

---

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