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5-Unit Apartment Building
For Sale
$575,000

5-1011 Vincennes St, New Albany, IN 47150

Five apartments feature individually controlled mini-split climate systems and varied floor plans.

Property SizeContact for details
Days on Market121

Property Features for 5-1011 Vincennes St

General Information

Standard status Active

Units

Unit Mix 1 x 3BR/3BA, 3 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units 5

Taxes and HOA fees

Annual Taxes $2,404

Building Details

Buildings 1
Listing Agency: Schuler Bauer Real Estate Services ERA Powered (N
Listed By: Matt Lincoln · License #RB14042235
Source: Exprealty
Added: May 8 Changed: Sep 4 Last Checked: Sep 5 at 9:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schuler Bauer Real Estate Services ERA Powered (N

Investment Insights

Based on property information with market context.

This 5-unit apartment building in New Albany, Indiana, includes a range of residential layouts. Unit 4 has 3 bedrooms and 3 full baths. Units 1, 2, and 3 each contain 2 bedrooms and 2 baths, with Unit 3 positioned upstairs and accessed through a private deck. Unit 5 is a first-floor apartment with 1 bedroom and 1 bath.

Each apartment has its own mini-split climate-control system. The property is located at 5-1011 Vincennes St, providing a compact multifamily configuration with distinct unit layouts and a mix of bedroom and bath counts.

Key Highlights

  • 5‑unit apartment building in New Albany, IN
  • Unit 4 includes 3 bedrooms and 3 full baths
  • Units 1, 2, and 3 each have 2 bedrooms and 2 baths

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Restaurant HVAC Service Skin Care Clinic Electrical Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby

Demographics for 47150, IN

49,395
Population
22,834
Households
2.2
Avg Household Size
39
Median Age
26%
College-Educated
91%
High-School Grad
45.0 sq mi
ZIP Area
1,098
Density / Sq Mi
$62,212
Median Household Income
$40,837
Median Earnings
$984
Median Rent
$191,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five apartments feature individually controlled mini-split climate systems and varied floor plans.
Where is this apartment building located?
The property is located at 5-1011 Vincennes St New Albany, IN.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 5‑unit apartment building in New Albany, IN; Unit 4 includes 3 bedrooms and 3 full baths; Units 1, 2, and 3 each have 2 bedrooms and 2 baths
More about this property
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