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Triplex (3 Units, Any Combination)Residential

518 E MERRILL ST

INDIANAPOLIS, IN 46203
4
Beds
0
Baths
2,490 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
3,528 ft²
Lot SizeThe size of the land the home sits on, from county records.
1980
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
10
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,324 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$201,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$42,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$158,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$197,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$201,400

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Triplex (3 Units, Any Combination)
StyleThe architectural style of the home, such as ranch or colonial.Triplex
CountyMARION
Lot (acres)The size of the land the home sits on, from county records.0.08
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.None
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Henry W. Longfellow Middle SchoolD-
Middle · Grades 6–8 · 0.6 mi
E
Washington Irving Neighborhood School 14F
Elementary · Grades PK–5 · 0.9 mi
H
Arsenal Technical High School
High · Grades 9–12 · 1.4 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46203These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.128
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.107
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.36

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.39,395
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,862 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$57,786
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$71,941
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

518 E Merrill St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Bigger than 94% of homes in Indianapolis 46203
  • Has a smaller lot than 94% of homes in Marion County
  • Newer than 84% of homes in Indianapolis 46203

How it measures up in Indianapolis 46203

The dot is this home. The mark in the middle is the typical home in Indianapolis 46203.

Living area2,490 ft²
SmallerTypical 1,192 ft²Bigger

Bigger than 94% of homes nearby

Lot size3,528 ft²
SmallerTypical 0.13 acBigger

Bigger than 9% of homes nearby

Year built1980
OlderTypical 1947Newer

Newer than 84% of homes nearby

How 518 E Merrill St ranks against every home in each area.
MeasureThis homeDowntownIndianapolis 46203Marion County
Living areabigger than2,490 ft²83% of homes94% of homes87% of homes
Lot sizebigger than3,528 ft²66% of homes9% of homes6% of homes
Year builtnewer than198052% of homes84% of homes65% of homes

About 518 E Merrill St

When did 518 E Merrill St, Indianapolis, IN last sell?

518 E Merrill St, Indianapolis, IN last sold on Sep 24, 2015, according to the county's recorded deed.

How big is 518 E Merrill St, Indianapolis, IN?

518 E Merrill St, Indianapolis, IN has 4 bedrooms, 2,490 square feet of living space and a 0.08-acre lot.

When was 518 E Merrill St, Indianapolis, IN built?

518 E Merrill St, Indianapolis, IN was built in 1980, making it 46 years old. It is a triplex home. The building has 2 stories.

What schools serve 518 E Merrill St, Indianapolis, IN?

518 E Merrill St, Indianapolis, IN is assigned to Henry W. Longfellow Middle School (middle), rated D-; Washington Irving Neighborhood School 14 (elementary), rated F; Arsenal Technical High School (high). All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 518 E Merrill St, Indianapolis, IN compare to other homes in Indianapolis 46203?

Among the 15,946 homes in Indianapolis 46203, it is bigger than 94% of them (2,490 ft² against a typical 1,192 ft²), its lot is bigger than 9% of them (3,528 ft² against a typical 0.13 ac) and it is newer than 84% of them (1980 against a typical 1947). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 518 E Merrill St, Indianapolis, IN?

The 2024 property tax bill for 518 E Merrill St, Indianapolis, IN was $2,324. The county assessed it at $201,400.

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