1743 Culbertson Ave 38 Unit Apartment Building $3,200,000 ($84,211/Unit) New Albany, IN 47150

1743 & 1737 Culbertson Avenue and 1734 Ekin Avenue, New Albany IN 47150
Culbertson Cross Apartments presents a rare chance to acquire a high-performing, turnkey multifamily asset in the thriving New Albany market. This well-maintained property features 37 one-bedroom apartments and a two-bedroom single-family home, offering a balanced unit mix that appeals to a wide range of tenants. Each unit is individually metered, with tenants responsible for all utilities, ensuring predictable operating expenses and strong net income. The property includes a large coin-operated laundry facility, a dedicated parking lot, and a spacious storage area with potential for conversion into an additional apartment, creating an attractive value-add opportunity.
Interiors are designed for comfort and functionality, with layouts that include a living room, kitchen, bedroom, and bath, complemented by generous closet space. Flooring consists of vinyl and carpet throughout, with tile finishes in kitchens and bathrooms. The building is equipped with an elevator and three stairwells, providing convenient access for residents and enhancing overall accessibility.
Strategically located in the heart of New Albany, Culbertson Cross Apartments benefits from proximity to Clarksville’s vibrant retail and dining corridor, major interstates I-64 and I-65, and quick access to Louisville via nearby bridges. This prime location ensures consistent tenant demand and positions the property for long-term appreciation. With its efficient self-managed structure, minimal maintenance requirements, and strong occupancy history, Culbertson Cross Apartments represents a compelling investment for those seeking reliable cash flow and growth potential.

Column Realty LLC, a Kentucky-licensed real estate brokerage, License # 243832, acts as the exclusive listing broker for this offering. In compliance with Indiana real estate regulations (IC 25-34.1-10-9.5), we have partnered with Genesis Realty LLC, an Indiana-licensed brokerage, License # RB14032277, to facilitate local marketing, showings, and transaction compliance within the state of Indiana. The co-broker shares in the commission per the terms of a co-brokerage agreement. No dual agency exists unless explicitly disclosed in writing.