USAINNew Albany1206 E Main St
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$989,900

For Sale

9 days ago

1206 E Main St, New Albany, IN

Condo

MLS® 1713384

0 Bed

5 Bath

5468 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5468 sqft
Garage 
HOA Fees 
Taxes $9,414
Days Active 9
Approx. Age 1929
Avg. Price Per Sqft $181
MLS® Number 1713384

Property Address: 1206 E Main St, New Albany, IN, 47150-5851

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1713384
Locker
Ensuite Laundry
Balcony
Furnished
Laundry LevelLower
Exposure
Exterior
Garage
Approx. Age1929
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 3, 2026List Date
$989,900List Price
  • Commute

Commute

Starting Address
Destination Address
1206 E Main St, New Albany, IN

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