1206 E Main Street, New Albany, IN 47150
Floyd County
Key Facts
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.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
HistoricAntique / ThreeStory
Year Built
1866
Living Area
5,468 sq ft
Lot Size
0.26 acres
Lot Dimensions
90*125
Zoning
Residential,Historic Dist
Days on Market
108
MLS® Listing#
202607134
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Fireplace
Basement
Parking
Patio
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Financial Details
HOA
None
Annual Taxes
$9,414
Parcel Number
220502801610000008
Directions
MAIN STREET TO PROPERTY
Affordability Calculator
$179,980
Estimated monthly payment
$4,790/mo
Principal $719,920 · Est. interest $1,004,352 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in New Albany, IN
- $290,000
- Median Listing Price
- 48
- Median Days on Market
- 1,660
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 333
- Active Listings
- This home’s price is 210% above the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in New Albany, IN.
Location
Points of Interest in New Albany, IN
Showing the New Albany area map.
Nearby Schools
St. Mary's Catholic Church
School · 0.3 mi away
S Ellen Jones Elementary School
Elementary · 0.4 mi away
Division Street School
School · 0.5 mi away
New Albany High School
Secondary · 0.8 mi away
Portland Elementary School
Elementary · 1.0 mi away
Hazelwood Middle School
Secondary · 1.0 mi away
Children's Academy-New Albany
School · 1.0 mi away
The Dolfinger
School · 1.6 mi away
Fairmont Elementary School
Elementary · 1.6 mi away
Portland Christian School
School · 1.6 mi away
Atkinson Academy
School · 1.7 mi away
Scribner Middle School
Secondary · 1.7 mi away
The Academy at Shawnee
School · 1.8 mi away
Shawnee High School
Secondary · 1.8 mi away
Community Catholic Center
Secondary · 1.8 mi away
Saint Columba School
Elementary · 1.8 mi away
Green Valley Elementary School
Elementary · 1.9 mi away
Our Lady of Providence High School
Secondary · 1.9 mi away
Northside Christian Academy
School · 1.9 mi away
Slate Run Elementary School
Elementary · 2.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1206 E Main St, New Albany, IN | $899,900 | 8 | 5 | 5,468 |
Moving Cost Estimate
EXIT Agents in New Albany
Listing Courtesy: Lopp Real Estate Brokers - 812-728-8181
Last Updated: 2026-04-03