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Property Description

Investment Highlights

  • Currently operating as a successful Airbnb, 1,166 nights booked (2024)with a 7.4 average night stay.
  • Modern furnishings within a historic building, being sold fully furnished. Fully renovated from the foundation up.
  • Located in downtown New Albany, IN, with access to restaurants, entertainment, and minutes from Louisville, KY.

Executive Summary

A rare business opportunity in downtown New Albany, Indiana! Step into history with this charming, 6-unit residence located in the heart of New Albany. Built circa 1870, this beautifully restored property offers timeless character paired with modern convenience. Known as the Scherer/Weigleb House, it represents a true piece of Southern Indiana's heritage. This property has proven success as a short term rental (Airbnb) as well as long-term accommodations, making it an outstanding investment opportunity. City skyline and river views make for a one-of-a-kind guest experience. Prime location is just minutes from downtown Louisville, KY, and surrounded by dining, shopping, and cultural attractions. This property is being sold fully furnished; visit www.STAYONBANK, New Albany, IN, for additional information and photos of each unit. Call listing agent for additional information; ie. financials, earnings report, etc.

Overview

Property Status
For Sale
Lot Size
0.04 Acres
Property Type
Multi-Family, Commercial
Year Built
1870

Features & Amenities

Total Area
3,487 Sq.Ft.
Stories
2
Utilites
Heating, Wi-Fi, High Speed Internet Access
Air Conditioning
Yes
Appliances
Microwave, Refrigerator
Other Interior Features
Window Coverings, Tub/Shower, Private Bathroom
Other Exterior Features
24 Hour Access, Gated
Sales Price
$625,000

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207 Bank St

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207 Bank St
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  • Step into history with this charming, 6-unit residence located in the heart of New Albany.

    Paul Kiger

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    License #IN: AB21004182 KY: RB14035922. CA DRE# 01963440

    (502) 314-6748
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