561 Drake Street Indianapolis, IN 46202 New

UPDATED: 10/29/2026 10:17 PM ON MARKET: 4 days on market

$155,000

3 Beds1 Bath963 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 963 sqft

Price per Sqft $160

Subdivision Indianapolis Fall Creek

MLS Listing ID 22133502

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1956

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Single Family Residence

Location

State IN

County Marion

Rooms

Main Level Bedrooms 3

Interior

Interior Features Attic Access

Heating Natural Gas

Cooling Central Air

Fireplace N

Appliance Refrigerator

Exterior

Garage Spaces 2.0

Water Access Desc Public

Building

Story One

Foundation Other

Water Public

Architectural Style Ranch

Structure Type Other

New Construction false

Schools

School District Indianapolis Public Schools

Property Description

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!

Digital Millennium Copyright Act – DMCA Notice Based on information submitted to the MLS GRID as of 10/30/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.