$989,900

1206 E Main Street, New Albany, IN 47150

  • 8 beds |
  • 5 baths |
  • 5,468 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1866
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $181/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Data Last Updated:
May 25, 2026 at 1:18AM
Listing Office:
Lopp Real Estate Brokers : 812-728-8181
MLS ID:
202607134
  • General: AtticBookcasesCeramic BathCeiling Fan(s)Separate/Formal Dining RoomEntrance FoyerEat-in KitchenHome OfficeIn-Law FloorplanKitchen IslandBath in Primary BedroomMain Level PrimaryOpen FloorplanSplit BedroomsSecond KitchenCable TV
  • Appliances: DryerDishwasherMicrowaveOvenRangeWasher
  • Laundry: In BasementLaundry Room
  • Basement: Exterior EntryFullPartially FinishedWalk-Out Access
  • A/C: Central Air
  • Heating: Forced Air
  • Fireplace: DecorativeFireplaceFireplaces: 6
  • General: BalconyDeckLandscapingPorchPatio
  • Style: Historic/AntiqueThree Story
  • Other Structures: PorchBalconyDeckPatioCovered
  • Roofing: Shingle
  • General: BrickFrameThree Or MoreBrick/Mortar
  • Road/Access: Paved
  • Originating MLS: SIRA_SIRA
  • County: Floyd
  • Zoning: ResidentialHistoric DistP 211 L 1 / W 30' L. 2 / PRT LTS. 8 & 7220502801610000008
  • View: Park/GreenbeltPanoramicRiverView
  • Water: ConnectedPublic
  • Sewer: Public Sewer
  • Source: SIRA_SIRA

This listing courtesy of Lopp Real Estate Brokers

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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