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    New Albany, IN
    Residential Income

    New Albany, IN Residential Income Properties for Sale

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    Louisville, KY Floyds Knobs, IN Clarksville, IN Georgetown, IN Jeffersonville, IN Lanesville, IN Mayfield, KY Shively, KY
    Elevator Apartment Building
    Updated: Aug 11
    Elevator Apartment Building

    1737 Culbertson Ave, New Albany, IN 47150

    $2,750,000
    27,522 sqft
    37 one‑bedroom, one‑bathroom apartments plus one three‑bedroom, one‑bathroom single‑family home
    23 new HVAC systems installed with 10 year warranties
    27,522‑square‑foot property built in 1935
    Elevator, three stairwells, coin‑operated laundry room, off‑street parking, and green space
    Gas and electric utilities are individually metered and paid directly by tenants
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    Mixed-Use Apartment Building
    Updated: May 24
    Mixed-Use Apartment Building

    207 E Main St, New Albany, IN 47150

    $1,590,000
    9,552 sqft
    Mixed‑use property with apartment units and first‑floor restaurant space
    1st‑floor restaurant space available by appointment
    Minimum 24 hours notice required for apartment showings
    View details
    6-Unit Apartment Building
    6-Unit Apartment Building

    2032 Culbertson Ave, New Albany, IN 47150

    $489,000
    4,495 sqft

    Fully occupied multifamily property with varied unit layouts, professional management, and recent building improvements.

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    See hot listings in New Albany

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Updated Five-Unit Multifamily Home
    Updated Five-Unit Multifamily Home

    1110 Chartres St, New Albany, IN 47150

    $230,000
    2,280 sqft

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

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    Restored 8-Unit Apartment Building
    Restored 8-Unit Apartment Building

    612 E Main St, New Albany, IN 47150

    $950,000

    Historic character, modern apartment interiors, hardwood floors, and off-street parking support residential income use.

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    Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 5 Active listings in New Albany, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 25 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    4143 W Market St, Louisville, KY 40212

    $175,000
    1,663 sqft 0.11 AC lot

    Fully leased duplex with two-bedroom layouts, public utilities, and covered porch space.

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    Furnished Duplex with Fenced Yard
    Furnished Duplex with Fenced Yard

    444 N 28th St, Louisville, KY 40212

    $160,000
    1,440 sqft 0.06 AC lot

    Two separate residential units offer flexible occupancy or rental arrangements on a corner parcel.

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    Duplex With Original Details
    Duplex With Original Details

    321 N 35th St, Louisville, KY 40212

    $140,000
    3,230 sqft 0.12 AC lot

    Two separate living units include individual kitchens and bathrooms, with renovation required before occupancy.

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    Mixed-Use Property with Basement
    Mixed-Use Property with Basement

    4317 W Market St, Louisville, KY 40212

    $250,000
    2,587 sqft

    C2-zoned offering combines commercial buildings, an apartment, and a vacant lot with shared asphalt parking.

    View details

    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.

    Residential Land in New Albany
    Residential Land in New Albany

    2.4+/- AC Powder House Lane, New Albany, IN 47150

    $42,000
    2.40 AC lot

    2.4 +/- acre lot for dream home near downtown.

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    Residential Lot Near Garland Avenue
    Residential Lot Near Garland Avenue

    841 S 28th St, Louisville, KY 40211

    $39,900
    0.10 AC lot

    Vacant lot zoned for multi-family development near amenities.

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    Residential Land in Floyds Knobs
    Residential Land in Floyds Knobs

    3634 Woodland Lakes Drive, Floyds Knobs, IN 47119

    $55,000
    0.28 AC lot

    Residential land for sale in Lakeside Forest development.

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    Residential Land in Floyds Knobs
    Residential Land in Floyds Knobs

    3624 Woodland Lakes Drive, Floyds Knobs, IN 47119

    $52,900
    0.31 AC lot

    Residential land with neighborhood amenities, near Louisville.

    View details

    Off-Market Properties in New Albany, IN

    Consider similar Off-Market properties in New Albany, 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.

    1712 Genung Dr, Unit 1A
    APARTMENT HOUSE (UNDER 5 UNITS)

    1712 Genung Dr, New Albany, IN 47150-3767

    Unit 1A
    Estimated value:
    $1,865,000
    1,029 sqft 2.04 AC lot
    View details
    404 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    404 Main St, New Albany, IN 47150-5823

    Estimated value:
    $255,000
    4,958 sqft 0.16 AC lot
    View details
    401 403rd E Market St
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $100,000
    7,291 sqft 0.07 AC lot
    View details
    2416 Harris Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    2416 Harris Ct, New Albany, IN 47150-4571

    Estimated value:
    $95,000
    3,600 sqft 0.34 AC lot
    View details
    1924 Silver St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1924 Silver St, New Albany, IN 47150-3871

    Estimated value:
    $255,000
    3,430 sqft 0.37 AC lot
    View details
    208 Pearl St
    APARTMENT HOUSE (UNDER 5 UNITS)

    208 Pearl St, New Albany, IN 47150-3416

    Estimated value:
    $260,000
    3,152 sqft 0.02 AC lot
    View details
    1201 Dewey St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1201 Dewey St, New Albany, IN 47150-5864

    Estimated value:
    $310,000
    3,564 sqft 0.11 AC lot
    View details
    4003 Grn Vly Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

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

    Estimated value:
    $295,000
    4,512 sqft 17.76 AC lot
    View details
    831 Catherine Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    831 Catherine Pl, New Albany, IN 47150-3156

    Estimated value:
    $245,000
    5,100 sqft 0.17 AC lot
    View details
    Plz Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    Plz Dr, New Albany, IN 47150

    Estimated value:
    $665,000
    8,448 sqft 1.70 AC lot
    View details
    3300 Plz Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    3300 Plz Dr, New Albany, IN 47150-2350

    Estimated value:
    $260,000
    7,392 sqft 0.34 AC lot
    View details
    3302 Plz Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    3302 Plz Dr, New Albany, IN 47150-2389

    Estimated value:
    $255,000
    7,392 sqft 0.39 AC lot
    View details
    3202 Plz Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    3202 Plz Dr, New Albany, IN 47150-6949

    Estimated value:
    $675,000
    8,448 sqft 1.77 AC lot
    View details
    307 10th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    307 10th St, New Albany, IN 47150-2931

    Estimated value:
    $260,000
    7,656 sqft 0.13 AC lot
    View details
    1943 Ctr St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1943 Ctr St, New Albany, IN 47150-1678

    Estimated value:
    $250,000
    3,220 sqft 0.18 AC lot
    View details
    1801 Ekin Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1801 Ekin Ave, New Albany, IN 47150-1769

    Estimated value:
    $255,000
    4,216 sqft 0.92 AC lot
    View details
    157 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    157 Main St, New Albany, IN 47150-5856

    Estimated value:
    $270,000
    4,800 sqft 0.02 AC lot
    View details
    207 Main St
    APARTMENT HOUSE (UNDER 5 UNITS)

    207 Main St, New Albany, IN 47150-5893

    Estimated value:
    $265,000
    10,750 sqft 0.12 AC lot
    View details
    1811 Spg St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1811 Spg St, New Albany, IN 47150-1607

    Estimated value:
    $250,000
    3,100 sqft 0.16 AC lot
    View details

    New Albany, IN Residential Income Properties Market Trends and Statistics

    Explore 30 residential income properties for sale in New Albany, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 43,849 square feet of properties for sale, with an estimated market value of $6,009,000.

    Sale prices for residential income properties in New Albany, IN start at $230,000, averaging $1,201,800, and reaching up to $2,750,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 5
    Multifamily properties 5

    Demographics Overview

    Population 50K
    Population Growth (5Y) +3.7%
    Median Household Income $62,212
    College Educated 18.3%

    High-Yield Neighborhoods for Investment

    Identify New Albany submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47150 $395.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.56%
    Property Tax per SF $33.47 per SF
    Tax Rate vs County Average 0.20 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Floyd County

    New Delisted

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