Pending

Price cut: $5K (5/28)

$194,900

1546 S Alabama St, Indianapolis, IN 46225

1beds

1baths

--sqft

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Multi Family, Duplex

Built in 1912

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Great natural lightCorner lotComfortable living space

Spacious duplex located in the desirable Bates-Hendricks neighborhood. Each unit offers a large 1 bedroom, 1 bathroom layout with comfortable living space. Situated on a corner lot, the property provides added privacy and great natural light. One unit is currently rented, offering immediate income, while the other unit is vacant and ready for an owner-occupant or new tenant. The property also includes a 2-car garage, providing valuable off-street parking and storage. Conveniently located just minutes from downtown Indianapolis, Fountain Square, parks, restaurants, and local shops, this duplex is a great opportunity for investors or those looking to house hack in one of the city's growing neighborhoods.

95 days

28

2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 1
Main level bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Features

Has basement: Yes

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Levels: Two
Stories: 2

Lot

Size: 4,356 Square Feet

Details

Parcel number: 491113162075000101
Special conditions: Shared Driveway

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow
Property subtype: Multi Family, Duplex

Materials

Roof: Shingle

Condition

New construction: No
Year built: 1912

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: No Subdivision

Location

Region: Indianapolis

Financial & listing details

Tax assessed value: $160,300
Annual tax amount: $3,768
Date on market: 4/9/2026
Cumulative days on market: 77 days

Estimated market value

Not available

Estimated sales range

Not available

$904/mo

Price history

Date	Event	Price
6/10/2026	Pending sale	$194,900
Source: MIBOR as distributed by MLS GRID #22094499 Report a problem
5/28/2026	Price change	$194,900-2.5%
Source: MIBOR as distributed by MLS GRID #22094499 Report a problem
4/9/2026	Listed for sale	$199,900+1717.3%
Source: MIBOR as distributed by MLS GRID #22094499 Report a problem
1/16/2016	Listing removed	$625
Source: FS Houses Report a problem
12/9/2015	Listed for rent	$625
Source: Lease 317 Report a problem
6/3/2015	Sold	$11,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,188 +10.5%	$160,300 -9.2%
2024	$3,790 +4.6%	$176,500 +10.5%
2023	$3,624 +38.9%	$159,800 +4.1%
2022	$2,609 +12.3%	$153,500 +35.7%
2021	$2,323 -4.6%	$113,100 +12.8%
2020	$2,434 +13.4%	$100,300 -2.7%
2019	$2,146 +28.9%	$103,100 +14.4%
2018	$1,665 +9.1%	$90,100 +19.5%
2017	$1,526 +9.3%	$75,400 +10.4%
2016	$1,396 +8.5%	$68,300 +14.8%
2014	$1,286 +137.9%	$59,500
2013	$541	$59,500 +146.9%
2012	$541	$24,100 -45.7%
2011	--	$44,400
2010	$928 -2.4%	$44,400
2009	$951	$44,400 -8.1%
2007	--	$48,300

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Near Southside

Getting around

56 / 100

Somewhat Walkable

36 / 100

Some Transit

61 / 100

Bikeable

Nearby schools

GreatSchools rating

3/10
James A. Garfield School 31
Grades: PK-5Distance: 0 mi
4/10
Francis W. Parker School 56
Grades: PK-8Distance: 3.9 mi
1/10
Arsenal Technical High School
Grades: 9-12Distance: 2.3 mi

Schools provided by the listing agent

Middle: HW Longfellow Med/STEM Magnet Midl
High: Arsenal Technical High School

Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.