Floyd County, IN Multifamily Properties for Sale

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Updated: May 8

Five-Unit Apartment Building

1011 Vincennes Street, New Albany, IN 47150

$575,000

5,356 sqft 0.22 AC lot

1919‑built 5‑unit apartment building with individually climate‑controlled units
Unit mix: one 3BR/3BA (Unit 4), three 2BR/2BA units (Units 1–3), and one 1BR/1BA (Unit 5)
Unit 3 is the only upstairs unit and has a private deck entry
All units use efficient mini‑split systems for individual heating and cooling
Seller offers a $25,000 credit if an offer is accepted by 9/15/26

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This listing looks promising.

Here's a quick look at some key insights for

1011 Vincennes Street, New Albany, IN 47150

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Est. Cap Rate

6.6%
Above avg (5.9%)
Est. NOI

$38K
Annual
Mortgage

$236K
Dec 2019
Last Sold

Dec 2016
$145K
Property Type

Retail Stores
Built 1919

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Updated: Sep 21, 2025

Downtown Triplex Investment

916 E Market Street, New Albany, IN 47150

$179,900

2,418 sqft

Three‑unit triplex built in 1929 with central air and heating listed as “3”
Capital improvements include a new roof in 2021 and fresh exterior paint in 2021
Unit 1 was fully renovated in 2021; Unit 1 will vacate at closing (family member)
Units 2 and 3 have stable, long‑term tenants; Unit 2 rent is $600 and Unit 3 rent is $620
Each unit pays its own utilities

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Updated Five-Unit Multifamily Home

1110 Chartres St, New Albany, IN 47150

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2,280 sqft

Two-story five-unit property with three currently occupied and recent updates including paint, flooring, and appliances.

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Mixed-Use Apartment Building

207 East Main Street, New Albany, IN 47150

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For-sale mixed-use property with apartment units and first-floor restaurant space, available by appointment with notice.

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Renovated Multifamily Property in Indiana

309 East Spring Street, New Albany, IN 47150

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52-unit multifamily property in New Albany, Indiana, renovated in 2019.

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Duplex with Two 1-Car Garages

4607-4609 Brush College Road, Floyds Knobs, IN 47119

$429,900

4,404 sqft

Each side features 3 bedrooms, 2 full bathrooms, and a 1-car garage, with additional parking and current leases in place.

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Well-Maintained Duplex With Two Units

517 E 7th Street, New Albany, IN 47150

$179,000

1,593 sqft

Duplex offers two income-producing units with month-to-month occupancy and interior updates including new furnace and roof.

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Two-Unit Duplex Investment

245 Cherry Street, New Albany, IN 47150

$239,000

1,994 sqft

Mirror-image duplex with two-bedroom units featuring attached one-car garages and separate inside stair entries.

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Brick Duplex with Two Units

3003 Jason Drive, New Albany, IN 47150

$250,000

2,096 sqft

All-brick duplex built in 1989 offers two 3-bedroom units with washer/dryer hookups.

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Newly Renovated Duplex with Separate Meters

1309 Locust Street, New Albany, IN 47150

$338,900

2,722 sqft

Renovated duplex with brand-new HVAC, plumbing, finishes, and separate meters for the house and apartment.

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Two-Unit Duplex Investment

2301 Fairmont Avenue, New Albany, IN 47150

$159,900

1,851 sqft

Duplex with separate meters, featuring two bedrooms and one bath in each unit with tenant-paid electric and gas.

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Duplex with Two Rental Units

1303 E Oak Street, New Albany, IN 47150

$149,900

1,160 sqft

Two-unit duplex offers an efficiency-style unit and a one-bedroom unit, both with kitchen appliances and off-street parking.

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Five-Unit Apartment Building

1201 Dewey Street, New Albany, IN 47150

$339,000

Five-unit apartment complex with roof replacement in 2016 and window replacements in 2019.

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Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 13 Active listings in Floyd County, IN, we suggest exploring several alternatives: similar 25 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Land Off US HWY

Briar Creek lot: #1, Lawrenceburg, KY 40342

$345,500

2.27 AC lot

2.27 acres with excellent visibility and easy access.

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Sonora, KY Residential Land

Silver Mine Road lot: 6, Sonora, KY 42776

$63,500

3.03 AC lot

3.03 acre residential tract in Sonora, Kentucky.

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Vacant Land Near Glendale

Tract 2 Bell Cemetery Road, Summersville, KY 42782

$75,500

7.00 AC lot

7 acres of vacant land with utilities near Glendale, KY.

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Land in Lake Ridge Estates

30 Piper Road, Russell Springs, KY 42642

Contact for pricing

0.98 AC lot

0.9845 acre lot in Russell Springs, Kentucky.

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Off-Market Properties in Floyd County, IN

Consider similar Off-Market properties in Floyd County, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (UNDER 5 UNITS)

1712 Genung Dr, New Albany, IN 47150-3767

Unit 1A

$1,865,000

Estimated value

1,029 sqft 2.04 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

404 Main St, New Albany, IN 47150-5823

Value Estimation by Request

4,958 sqft 0.16 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

401 403rd E Market St, New Albany, IN 47150

Value Estimation by Request

7,291 sqft 0.07 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

2416 Harris Ct, New Albany, IN 47150-4571

Value Estimation by Request

3,600 sqft 0.34 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1924 Silver St, New Albany, IN 47150-3871

Value Estimation by Request

3,430 sqft 0.37 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

208 Pearl St, New Albany, IN 47150-3416

Value Estimation by Request

3,152 sqft 0.02 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

1201 Dewey St, New Albany, IN 47150-5864

Value Estimation by Request

3,564 sqft 0.11 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

4003 Grn Vly Rd, New Albany, IN 47150-4263

Value Estimation by Request

4,512 sqft 17.76 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

831 Catherine Pl, New Albany, IN 47150-3156

Value Estimation by Request

5,100 sqft 0.17 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

Plz Dr, New Albany, IN 47150

$665,000

Estimated value

8,448 sqft 1.70 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3300 Plz Dr, New Albany, IN 47150-2350

$545,000

Estimated value

7,392 sqft 0.34 AC lot

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Floyd County, IN Multifamily Properties Market Trends and Statistics

Explore 38 multifamily properties for sale in Floyd County, IN, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 25,874 square feet of properties for sale, with an estimated market value of $2,840,500.

Sale prices for multifamily properties in Floyd County, IN start at $149,900, averaging $284,050, and reaching up to $575,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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