Key facts
- Beds
- 3
- Baths
- 1 full
- Living area
- 963 sqft
- Lot
- 0.15 acres
- Year built
- 1956
- Type
- Residential · Single Family Residence
- Stories
- One
- Garage
- 2 spaces
- MLS #
- 22133502
- County
- Marion
- Subdivision
- Indianapolis Fall Creek
About this home
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!
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Rooms
- 5
- Main-level bedrooms
- 3
Exterior
- Style
- Parking and garage
Systems
- Heating
- Cooling
- Water
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $2,406 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Price history
Every listing, price change and sale we have on record for this home.
| Date | Event | Price | $/sq ft |
|---|---|---|---|
| Listed for sale | $155,000 | $161 / sq ft |
Properties displayed may be listed or sold by various participants in the MLS.
Information deemed reliable but is not guaranteed accurate.
© 2026 MIBOR REALTOR® Association
Based on information submitted to the Broker Listing Cooperative listing service as of October 28, 2026
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trustLocation
Open in Google Maps- Address
- 561 Drake Street, Indianapolis, IN 46202
- County
- Marion
