1232 Alabama St, Indianapolis, IN, 46202
About This Home
The Riley floor plan at 1232 Alabama Street delivers modern design and functional living in the heart of the Old Northside's Nouveau community. The entry level features a versatile flex space-ideal for a home office, gym, or lounge-plus an attached 2-car garage for easy city convenience. On the main living level, an airy open-concept layout centers around a designer kitchen with island that flows seamlessly into the living and dining areas, perfect for entertaining and everyday comfort. Upstairs, the bedroom level offers two spacious suites each with its own full bath, along with a conveniently located laundry closet. Topping it all is a private fourth-floor rooftop terrace-a standout space for relaxing or hosting with skyline views. Additional highlights include approximately 2,093 sq ft, 2 bedrooms, 2.5 baths, a dedicated office/flex room, smart-home features, and stylish finishes throughout. Some images in this listing have been virtually staged; furniture shown is not included with the property. For added peace of mind, this home includes a comprehensive warranty package: a fully transferable 10-year structural warranty, plus coverage on workmanship, materials, mechanical systems, and the roof.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2026
Other
- Builder name: Onyx+East
Type & Style
- Home type: Townhouse
- Property subType: Townhouse
Interior
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Fireplace: Yes
Interior Area
- Total interior livable area: 2,093 sqft
Property
Details
- Parcel number: 490636157032014101
Features
- Levels: 4.0
- Stories: 4
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage 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
- Cold Wave
- Earthquake
- Heat Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $308 | $3,696 |
| Property Taxes | $1,099 | $13,188 |
| Electricity | $191 | $2,302 |
| Total | $4,884 | $58,608 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-09 | Price change | $649,900 |
| 2026-03-16 | Price change | $674,900 |
| 2026-01-12 | Price change | $699,900 |
| 2025-05-30 | Price change | $722,610 |
| 2025-01-22 | Price change | $724,900 |
| 2024-12-17 | Listed for sale | $686,030 |
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