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1401 S Alabama

Indianapolis, IN 46225

ActiveListed Aug 9, 2026 · 68 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,800 sqft
Lot
0.06 acres
Year built
2018
Type
Residential · Single Family Residence
Stories
Tri-level
Garage
2 spaces
MLS #
22119254
County
Marion
Subdivision
Woodruff Sub Morris

About this home

An extraordinary opportunity awaits at 1401 S Alabama Street in the heart of prime Indianapolis. Currently under construction, this high-end new build is framed for pure luxury living-featuring soaring tall ceilings and a magnificent, modern architectural design. A top-tier portfolio piece for seasoned development investors or custom construction gurus, the hard work of initial structure and ventilation installation is already completed. The home is being sold strictly as-is, leaving a clean, high-potential canvas ready for electrical, plumbing, insulation, drywall, and luxury finishes tailored to your exact standards. Capitalize on this rare chance to take over a masterfully planned blueprint and build high-value equity in a thriving neighborhood. Bring your vision and builder to transform this framed showcase into one of the area's premier luxury residences.

Description provided by the listing brokerage.

Interior

Windows
Vinyl Windows
Rooms
3
Main-level bedrooms
1
Condition
Under Construction

Exterior

Construction
Cement Siding
Foundation
Block
Style
Split Level
Parking and garage
Detached

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$13,218 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,503per month, estimated
Principal and interest $1,311Property tax $1,102Insurance $91
20% · $52,000
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$260,000
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