1206 E Main St, New Albany, IN 47150

$989,900
Property Type: Multi Family Square Footage: 5,268 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $989,900 List Date: 4/03/2026 Last Modified: 4/07/2026

Overview

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.

Supplements: 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 throug ...

Listing Details MLS# 1713384

General Listing Information

Office Exclusive?
No
Listing Price
989900
Property Sub Type
Apartment
HOA Y/N
No
HOA Annual $
0

Location

Street #
1206
St Dir
E
Street
Main
St Suffix
St
Area
13-Indiana
County
Floyd
State/Province
IN
Zip Code
47150
Parcel ID
22-05-02-801-610.000-008
Subdivision/Condo
NONE
Directions
MAIN STREET TO 12TH STREET. PROPERTY ON THE CORNER
Deed Bk
No
Pg #
No
Block
No
Lot
No

Contract Info

Original List Price
989900
Disclosure
Yes

Property Description

SqFt -Total Finished
5468
Above Grade Finished
5268
Below Grade Finished
200
Above Grade Unfin
725
Below Grade Unfin
1049
Sqft - Total Unfin
1774
SqFt - Source
Other
First Floor Laundry
No
Garage Y/N
No
Basement Y/N
Yes
Total Units
3
Lot Size Dimensions
90X125
Lot SF
11326
Age
160
Year Built
1929
# Parking Spaces
10
Covered Parking
No
# of Furnaces
6
# of Water Heaters
7
Separate Meters
Yes
Sold As-Is
No
M Struct Flood Plain
No
Nonconform SqFt Fin
0
Security Deposit
No
Term/Lease
No

Cooling

# of HVAC Units
6
Central Air
Yes

More Information

Architectural Style

Traditional
Yes

Lot Description

Corner Lot
Yes

Utilities

Electricity Connected
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes

Roof

Shingle
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Patio and Porch Features

Deck
Yes
Patio
Yes
Porch
Yes

Exterior

Balcony
Yes
See Remarks
Yes

Property Features

Architectural Style: Traditional Construction: Brick Roof: Shingle Exterior: Balcony; See Remarks Patio and Porch Features: Deck; Patio; Porch Utilities: Electricity Connected Water Source: Public Sewer: Public Sewer Heating: Forced Air; Natural Gas Cooling: Central Air Lot Description: Corner Lot

Documents

Listing Office: Lopp Real Estate
Source MLS Verified
Last Updated: April - 07 - 2026
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