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.
Sold for $775,000
Zillow last checked:
Listing updated:
Bought with:
Angie Buchanan, RB20001997
Schuler Bauer Real Estate Services ERA Powered (N
Source: SIRA,MLS#: 202607134
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationPrice history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Sold | $775,000-13.9%$142/sqft |
Source:  SIRA #202607134 Report a problem | ||
| 8/18/2026 | Contingent | $899,900$165/sqft |
Source:  Metro Search Inc. LLC DBA Apex MLS #1713384 Report a problem | ||
| 7/20/2026 | Price change | $899,900-9.1%$165/sqft |
Source: SIRA #202607134 Report a problem | ||
| 4/3/2026 | Listed for sale | $989,900+227.2%$181/sqft |
Source: SIRA #202607134 Report a problem | ||
| 2/15/2020 | Listing removed | $850 |
Source: TurboTenant Report a problem | ||
| 1/25/2020 | Price change | $850+21.4% |
Source: TurboTenant Report a problem | ||
| 1/14/2020 | Listed for rent | $700 |
Source: TurboTenant Report a problem | ||
| 12/2/2019 | Listing removed | $700 |
Source: TurboTenant Report a problem | ||
| 11/21/2019 | Listed for rent | $700 |
Source: TurboTenant Report a problem | ||
| 10/31/2019 | Sold | $302,560$55/sqft |
Source: SIRA #2019011407 Report a problem | ||
Sell for more on Zillow
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$499,200
2% more
+$9,984
With Zillow Showcase(estimated)
$509,184
