New Albany, IN Residential Income Properties for Sale

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Updated: May 8

Five-Unit Apartment Building with Mini-Splits

1011 Vincennes Street, New Albany, IN 47150

$575,000

5,356 sqft 0.22 AC lot

5,356 SF five‑unit apartment building on a 0.22‑acre lot
Built in 1919
Units 1–3 offer two bedrooms and two baths each
Unit 4 offers three bedrooms and three full baths
Unit 3 is the only upstairs unit with a private deck entry

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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 6, 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

Contact for pricing

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

Contact for pricing

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

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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 44 Potential Opportunities for your consideration. Besides 11 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.

Furnished Two-Unit Duplex

444 N 28th St, Louisville, KY 40212

$169,000

1,440 sqft 0.06 AC lot

The property combines a main-floor residence with an upstairs unit, plus a fenced yard and corner-lot setting.

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Duplex with Metal Roof

321 N 35th St, Louisville, KY 40212

$153,400

3,230 sqft 0.12 AC lot

Duplex built in 1910 with central air, natural gas heat, metal roof, and public water and sewer.

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Triplex with Laundry Hookups

3411 Rudd Ave, Louisville, KY 40212

$209,000

Three occupied apartments offer appliances and individually metered electric service.

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Updated 7-Unit Townhome Rental

501 N 31st St, Louisville, KY 40212

Contact for pricing

Seven updated townhome units offer 2-bed, 1-bath layouts with washer-dryer hookups and individually metered utilities.

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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

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

$49,400

2.40 AC lot

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

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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

3624 Woodland Lakes Drive, Floyds Knobs, IN 47119

$52,900

0.31 AC lot

Residential land with neighborhood amenities, near Louisville.

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Residential Lot Near Garland Avenue

841 S 28th St, Louisville, KY 40211

Contact for pricing

0.10 AC lot

Vacant lot zoned for multi-family development near amenities.

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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.

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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APARTMENT HOUSE (UNDER 5 UNITS)

3302 Plz Dr, New Albany, IN 47150-2389

$545,000

Estimated value

7,392 sqft 0.39 AC lot

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APARTMENT HOUSE (UNDER 5 UNITS)

3202 Plz Dr, New Albany, IN 47150-6949

$675,000

Estimated value

8,448 sqft 1.77 AC lot

View details

New Albany, IN Residential Income Properties Market Trends and Statistics

Explore 36 residential income properties for sale in New Albany, IN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 21,470 square feet of properties for sale, with an estimated market value of $2,410,600.

Sale prices for residential income properties in New Albany, IN start at $149,900, averaging $267,844, 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

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	$267.8K

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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New Albany, IN Residential Income Properties for Sale

1011 Vincennes Street, New Albany, IN 47150

916 E Market Street, New Albany, IN 47150

1110 Chartres St, New Albany, IN 47150

207 East Main Street, New Albany, IN 47150

517 E 7th Street, New Albany, IN 47150

245 Cherry Street, New Albany, IN 47150

3003 Jason Drive, New Albany, IN 47150

1309 Locust Street, New Albany, IN 47150

2301 Fairmont Avenue, New Albany, IN 47150

1303 E Oak Street, New Albany, IN 47150

1201 Dewey Street, New Albany, IN 47150

Opportunities in Nearby Cities

444 N 28th St, Louisville, KY 40212

321 N 35th St, Louisville, KY 40212

3411 Rudd Ave, Louisville, KY 40212

501 N 31st St, Louisville, KY 40212

Potential Development Sites for Consideration

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

3634 Woodland Lakes Drive, Floyds Knobs, IN 47119

3624 Woodland Lakes Drive, Floyds Knobs, IN 47119

841 S 28th St, Louisville, KY 40211

Off-Market Properties in New Albany, IN

1712 Genung Dr, New Albany, IN 47150-3767

404 Main St, New Albany, IN 47150-5823

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

2416 Harris Ct, New Albany, IN 47150-4571

1924 Silver St, New Albany, IN 47150-3871

208 Pearl St, New Albany, IN 47150-3416

1201 Dewey St, New Albany, IN 47150-5864

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

831 Catherine Pl, New Albany, IN 47150-3156

Plz Dr, New Albany, IN 47150

3300 Plz Dr, New Albany, IN 47150-2350

3302 Plz Dr, New Albany, IN 47150-2389

3202 Plz Dr, New Albany, IN 47150-6949

New Albany, IN Residential Income Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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