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1805 N Alabama St, Indianapolis, IN, 46202

2beds
2baths
1,464sqft
$399,000
$273price/sqft
$3,180/moest. monthly cost
$127,200/yrincome needed

About This Home

Welcome to 1805 N. Alabama St, a beautifully updated Victorian cottage in one of Indianapolis' most beloved downtown neighborhoods, Herron Morton Place. Thoughtfully maintained and move-in-ready, this 2 bed, 2 bath property offers the space, style, and walkable lifestyle today's buyers are searching for. Step inside to soaring ceilings and sun filled living spaces that flow effortlessly from room to room. The main level features a generous living area, an elegant dining space, and a refreshed kitchen with timeless finishes, perfect for everyday living or hosting friends before a night out on Mass Ave. Primary suite with walk-in shower also on main. Upstairs, you'll find flexible living space - a loft, 2nd bedroom, and a bath room that wonderfully blends updates with vintage touches. Basement provides the kind of storage rarely found in homes of this age. Outside, enjoy a private backyard with deck ideal for gardening, grilling, or unwinding at the end of the day. Fully fenced in backyard and two car garage adds additional convenience, while the location delivers everything: neighborhood parks, local cafes, and the vibrant energy of the entire near north side just steps away. A rare opportunity to own a beautifully cared for home in a premier downtown neighborhood for under $400k, this is Herron Morton living at its best.

Getting Around

82
WalkingVery Walkable
51
TransitGood Transit
72
BikeVery Bikeable

Schools

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1890

Materials

  • Foundation: Block
  • 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,Gas Water Heater,MicroHood,Gas Oven,Refrigerator,Washer

Basement

  • Has basement: Yes

Bedroom2

  • Level: Upper
  • Area: 330
  • Dimensions: 15x22

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Dining Room

  • Level: Main
  • Area: 210
  • Dimensions: 15x14

Features

  • Window features: Wood Work Painted
  • Finished area below ground: 0

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,464
  • Total interior livable area: 1,464 sqft

Kitchen

  • Features: Tile-Ceramic
  • Level: Main
  • Area: 143
  • Dimensions: 11x13

Living Room

  • Level: Main
  • Area: 240
  • Dimensions: 16x15

Loft

  • Level: Upper
  • Area: 240
  • Dimensions: 16x15

Master Bedroom

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

Property

Details

  • Parcel number: 490636158088000101
  • Horse amenities: None

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Covered

Lot

  • Lot size: 6,098 sqft

Parking

  • Total spaces: 2
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Cold Wave
Heat Wave
Strong Wind
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 $2,017$24,204
Home Insurance *$189$2,268
Property Taxes $790$9,480
Electricity $184$2,212
Total$3,180$38,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,028/yr
40% on housing$95,400/yr
45% on housing$84,800/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

$273This 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
2026-04-13Listed for sale$399,000
2006-04-17Sold$222,400

For Sale by Agent

AgentKyle Kellam
BrokerageKeller Williams Indpls Metro N

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