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1642 N Alabama St, Indianapolis, IN, 46202

4beds
3baths
4,864sqft
$965,000
$198price/sqft
$6,798/moest. monthly cost
$271,920/yrincome needed

About This Home

Timeless elegance meets modern luxury in this exceptional Queen Anne Victorian, beautifully restored in the heart of the coveted Herron-Morton Place Historic District. Offering more than 4,000sf of thoughtfully designed living space, this remarkable home showcases the craftsmanship of a bygone era with the comforts today's buyers expect. A gracious covered front porch welcomes you inside, where the grand foyer and original staircase make an unforgettable first impression. Rich hardwood floors, exquisite natural woodwork, pocket doors, soaring ceilings, and beautifully preserved architectural details are found throughout. The living room features coffered ceilings and a striking corner fireplace, while the formal dining room offers exceptional flexibility. A second living room with a fireplace also provides flexibility. The chef's kitchen is both beautiful and functional, appointed with a commercial-grade six-burner Wolf range with double ovens, Sub-Zero refrigerator, wine refrigerator, generous center island, and abundant custom cabinetry. The second level offers four distinctive bedrooms, including a fabulous primary suite. From a charming balcony over he front porch to a bedroom with a fireplace and another featuring tin ceilings and walls of windows, each space has its own unique personality. Both renovated full baths feature separate soaking tubs and walk-in showers. The finished third floor adds more than 800 square feet of flexible living space, complete with a wet bar and custom built-ins-perfect as a family room, home office, playroom, or guest retreat. Outside, the private, fenced backyard is designed for both relaxation and entertaining with a covered rear porch, mature landscaping, raised garden beds, and a play area. A true rarity, the three-car detached garage is complemented by a carriage house studio apartment featuring soaring ceilings, a full kitchen, full bath, and laundry hookups, ideal for guests, multigenerational living, or rental income.

Getting Around

82
WalkingVery Walkable
51
TransitGood Transit
72
BikeVery Bikeable

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1882

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Residential,Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Disposal,Microwave,Gas Oven,Double Oven,Refrigerator,Washer,Wine Cooler,Electric Water Heater,Water Softener Owned
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedroom2

  • Level: Upper
  • Area: 221
  • Dimensions: 17x13

Bedroom3

  • Level: Upper
  • Area: 165
  • Dimensions: 15x11

Bedroom4

  • Level: Upper
  • Area: 180
  • Dimensions: 15x12

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bathrooms: 1

Bonus Room

  • Level: Upper
  • Area: 684
  • Dimensions: 36x19

Dining Room

  • Level: Main
  • Area: 255
  • Dimensions: 17x15

Family Room

  • Level: Main
  • Area: 255
  • Dimensions: 17x15

Features

  • High Ceilings,Tray Ceiling(s),Hardwood Floors,Wet Bar,Breakfast Bar,Entrance Foyer,High Speed Internet,Wired for Data,In-Law Floorplan,Kitchen Island,Wired for Sound
  • Window features: Wood Work Stained
  • Flooring: Hardwood
  • Number of fireplaces: 3
  • Fireplace features: Bedroom,Family Room,Living Room
  • Fireplace: Yes
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Zoned,Forced Air,Heat Pump,Electric,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,864
  • Total interior livable area: 4,864 sqft

Kitchen

  • Level: Main
  • Area: 228
  • Dimensions: 19x12

Living Room

  • Level: Main
  • Area: 288
  • Dimensions: 18x16

Master Bedroom

  • Level: Upper
  • Area: 195
  • Dimensions: 15x13

Property

Details

  • Parcel number: 490636158049000101
  • Special condition: Historic District
  • Horse amenities: None

Features

  • Levels: Three Or More
  • Patio & porch: Deck,Covered
  • Fencing: Fenced,Full

Lot

  • Lot size: 6,098 sqft
  • Features: Sidewalks,Storm Sewer,Street Lights,Trees-Small (Under 20 Ft)

Parking

  • Total spaces: 3
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Heat Wave
Inland Flooding
Tornado

FEMA Declared Disasters Across Indiana Counties

Flood
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,879$58,548
Home Insurance *$457$5,484
Property Taxes $1,017$12,204
Electricity $445$5,350
Total$6,798$81,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$233,074/yr
40% on housing$203,940/yr
45% on housing$181,280/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 810Commercial: 30
Total Premiums$1.77M
Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 6.1%
6.1%
0%15.0%
Property Taxes Growth Rate2-year average: 2.3%
2.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$198This listing

vs Other Active Listings

Avg $/sqft

ZIP 46202$168
Marion County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 46202$182
Marion County$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Listed for sale$965,000
2018-06-04Sold$735,000
2018-04-03Pending sale$750,000
2018-01-26Listed for sale$750,000
2014-10-03Sold$640,000
2014-09-03Pending sale$659,900
2014-07-22Listed for sale$659,900

For Sale by Agent

AgentRob Measel
BrokerageF.C. Tucker Company

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