Great investment opportunity at 561 Drake Street! This 3-bedroom, 1-bathroom home is currently tenant-occupied, offering the potential for rental income from day one. The property features a fenced-in backyard and a convenient location near IU Health Hospital, IUPUI, and downtown Indianapolis. Whether you're looking to expand your rental portfolio or add an investment property to your holdings, this home offers a great opportunity in a convenient location. Don't miss your chance to invest in Indianapolis real estate!
Active
$155,000
561 Drake St, Indianapolis, IN 46202
3beds
963sqft
Residential, Single Family Residence
Built in 1956
6,534 Square Feet Lot
$-- Zestimate®
$161/sqft
$-- HOA
What's special
Fenced-in backyard
- 2 days
- 102
- 12
Zillow last checked:
Listing updated:
Listed by:
Jasmine Tracy Jasminektracy@gmail.com,
BHB Real Estate Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22133502
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 2
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Bedroom 3
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Family room
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Kitchen
- Features: Other
- Level: Main
- Area: 1 Square Feet
- Dimensions: 1x1
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Refrigerator
Features
- Attic Access
- Has basement: No
- Attic: Access Only
Interior area
- Total structure area: 963
- Total interior livable area: 963 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,534 Square Feet
Details
- Parcel number: 490635190015000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Other
- Foundation: Other
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Indianapolis Fall Creek
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $161/sqft
- Tax assessed value: $97,600
- Annual tax amount: $2,406
- Date on market: 10/29/2026
- Cumulative days on market: 6 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/29/2026 | Listed for sale | $155,000$161/sqft |
Source:  MIBOR as distributed by MLS GRID #22133502 Report a problem | ||
| 1/9/2019 | Listing removed | $850$1/sqft |
Source: BHB Investments, LLC Report a problem | ||
| 8/28/2018 | Price change | $850-2.9%$1/sqft |
Source: BHB Investments, LLC Report a problem | ||
| 6/21/2018 | Listed for rent | $875$1/sqft |
Source: BHB Investments, LLC Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,925 +3.1% | $97,600 +20.3% |
| 2024 | $1,867 +254.1% | $81,100 +3% |
| 2023 | $527 +36.1% | $78,700 +6.1% |
| 2022 | $387 +6% | $74,200 +44.9% |
| 2021 | $365 -68.1% | $51,200 +5.6% |
| 2020 | $1,145 +2.7% | $48,500 |
| 2019 | $1,115 +3384.1% | $48,500 +3.6% |
| 2018 | $32 -64.3% | $46,800 +8.8% |
| 2017 | $90 +51.9% | $43,000 +1.2% |
| 2016 | $59 | $42,500 +8.7% |
| 2014 | $59 | $39,100 |
| 2013 | $59 | $39,100 +1.6% |
| 2012 | -- | $38,500 +6.1% |
| 2011 | -- | $36,300 |
| 2010 | -- | $36,300 |
| 2009 | -- | $36,300 -15% |
| 2007 | -- | $42,700 -14.4% |
| 2006 | -- | $49,900 +39.4% |
| 2005 | -- | $35,800 |
| 2004 | -- | $35,800 |
| 2003 | -- | $35,800 +75.5% |
| 2002 | -- | $20,400 +200% |
| 2001 | -- | $6,800 |
| 2000 | -- | $6,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Downtown
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