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1542 S Alabama Street

Indianapolis, IN 46225

PendingListed May 15, 2026 · 142 days on market

Key facts

Beds
4
Baths
3 full · 1 half
Living area
2,366 sqft
Lot
0.12 acres
Year built
1900
Type
Residential · Single Family Residence
Stories
Two
Garage
2 spaces
MLS #
22102598
County
Marion
Subdivision
Woodruff Sub Morris Add
Total building area
2,899 sqft

About this home

4 Bedrooms with 3 En-Suite Bedrooms. Large Walk-In Closets. A 2-Car Garage. Privacy Fenced Backyard. It's all here! If space, privacy, and a flexible floor plan are high on your list, 1542 S Alabama Street is worth a look. This renovated 4-bedroom home offers something you don't often find in this area: three of the four bedrooms have their own private en-suite bathroom and exceptionally spacious walk-in closets. The layout works well for a variety of living arrangements, including families, multigenerational households, roommates, guests, or anyone who simply wants more private space. The kitchen includes all new appliances and opens into the home's main living areas. Outside, the fully fenced backyard provides a private space for pets, entertaining, gardening, or relaxing. A covered front porch offers another place to enjoy the quiet residential street. A detached two-car garage provides secure off-street parking and additional storage. Located just minutes from Downtown Indianapolis, Fountain Square, Bates-Hendricks, Eli Lilly, IU Health, Lucas Oil Stadium, Gainbridge Fieldhouse, restaurants, shopping, and entertainment, the location offers convenient access to downtown while still being tucked away on a quieter residential street. Keep in mind that military veterans who are 100 percent disabled do not pay property taxes in Indiana. This could be a huge factor in this house being affordable.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric Water HeaterDisposalMicrowaveGas OvenRefrigeratorWasherWater Heater
Interior features
Walk-In Closet(s)
Kitchen
Kitchen Updated
Other rooms and areas
Bedroom Other on Main
Basement
Unfinished
Laundry
In UnitLaundry Closet
Rooms
7
Main-level bedrooms
2

Exterior

Patio and porch
CoveredDeck
Construction
Vinyl With Stone
Foundation
Partial
Style
Craftsman
Parking and garage
Detached

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$9,638 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,420per month, estimated
Principal and interest $1,512Property tax $803Insurance $105
20% · $59,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$299,900
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