The museum is dedicated to Nikola Vaptsarov, a poet antifascist, whose remarkable work places him among the most popular poets of the twentieth century. It is situated in the house where the poet lived after 1912 and was opened for visitors in 1952. This venue also gives a start of Bansko’ museum work. Expositions present an ethnographic collection about the poet from childhood to his death. Also, his mother's living room and his living room are intact. The museum exposition is spread over two floors, original documents are displayed. On ground floor films in English, French, German and Russian are presented. On the wall panel can be found family tree of the poet and other Bansko’ genera.

Upstairs Vaptsarov's life is traced after entrance the Marine School in Varna. Here is also the prize from the World Peace Congress, which was posthumously received in 1952. The house was declared a historical monument of culture of national importance in 1973.