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1206 E Main Street, New Albany, IN 47150
  • $989,900

Description

Commonly known as the Shipman McCord Mansion, this extraordinary circa-1866 property on historic Mansion Row in Downtown New Albany offers a rare blend of architectural significance, modern upgrades, and multiple income streams. Recently awarded the New Albany Historic Preservation Facelift Award for efforts to restore and preserve the historic homes and buildings of New Albany, this iconic property currently operates as 2 short-term rental units, 1 mid-term unit, and 1 long-term unit, with 1 newly renovated vacant unit ready for the new owner’s preferred use. Two additional unfinished spaces provide future value-add potential.

Over the last five years, the home has undergone extensive improvements including a new roof, exterior restoration preserving the original brick facade and wrought iron details, and reconstruction of the two-story porch/deck true to its original design. Inside, each unit has been updated for modern living while maintaining historic character through original plaster crown molding and trim, restored windows, original doors, staircases and railings, exposed brick, and hardwood floors with inlaid detail. Major updates include separate electrical meters, separate furnaces and A/C systems, and separate water heaters for all units. A rare opportunity to own one of New Albany’s most iconic historic properties with flexible short-term, mid-term, long-term, owner-occupant, or mixed-use investment potential.

  • Address: 1206 E Main Street
  • City: New Albany
  • State/county: IN
  • Zip/Postal Code: 47150

Details

Updated on April 7, 2026 at 4:38 pm
  • Property ID HZ202607134
  • Price $989,900
  • Property Size 5468 Sqft
  • Land Area 0.26 Acres
  • Bedrooms 8
  • Bathrooms 5
  • Garage Size x x
  • Year Built 1866
  • Property Type Residential, Residential
  • Property Status Active
  • MLS# 202607134

Additional details

  • Listing Terms Conventional, FHA
  • Roof Shingle
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Forced Air
  • County Floyd
  • Property Type Residential
  • Community Features Sidewalks
  • Architectural Style Historic/Antique,Three Story

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William Andes
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