Google street view image for 554 Drake St, Indianapolis, IN 46202

Off market

$231,966

•

— ba

•

843

sq ft

554 Drake St, Indianapolis, IN 46202

About this home

554 Drake St is a 843 square foot multi-family home on a 5,532 square foot lot with 2 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $231,966.

Multi-familyProperty Type

1956Year Built

5,532 sq ftLot Size

$275Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$231,966

$10K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 50.3% higher than the average sale price ($154K) of 6 comparable homes.

SOLD NOV 26, 2025
$267,500
A
2 beds1.5 baths1,254 sq ft
925 Fayette St, Indianapolis, IN 46202
SOLD JUL 1, 2026
$110,000
B
2 beds2 baths992 sq ft
2322 Paris Ave, Indianapolis, IN 46208
SOLD JUN 17, 2026
$136,000
C
3 beds2.5 baths1,288 sq ft
2280 Indianapolis Ave, Indianapolis, IN 46208
SOLD JUL 7, 2026
$215,000
D
3 beds1 bath1,134 sq ft
513 W 13th St, Indianapolis, IN 46202
SOLD SEP 21, 2026
$157,500
E
2 beds2 baths2,156 sq ft
2446 Paris, Indianapolis, IN 46208
SOLD JUL 17, 2026
$40,000
F
3 beds1 bath1,439 sq ft
2187 White Ave, Indianapolis, IN 46202

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$216,566

Est. take-home

List your home with Redfin and save $2,320

Market trends in 46202, IN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.4%

0.2% MoM

Median sale price

$465K

$8K MoM

Avg. days on market

38d

2 days MoM

Recently sold homes

20 MoM

New listings for sale

NEW 19 HRS AGO
$469,000
3 beds3.5 baths3,366 sq ft
2016 Central Ave, Indianapolis, IN 46202
$144,900
2 beds1 bath2,180 sq ft
1926 N Harding St, Indianapolis, IN 46202
$1,000,000
4 beds3.5 baths4,144 sq ft
648 Ellsworth St, Indianapolis, IN 46202
3D WALKTHROUGH
$599,900
3 beds3 baths3,948 sq ft
1724 Central Ave, Indianapolis, IN 46202
OPEN SAT, 12PM TO 2PM
$509,900
3 beds3.5 baths2,400 sq ft
1707 N Alabama St, Indianapolis, IN 46202
$695,900
3 beds2 baths2,765 sq ft
1112 Polk St, Indianapolis, IN 46202
$629,900
8 beds3.5 baths4,280 sq ft
1859 N Pennsylvania St, Indianapolis, IN 46202
$209,000
2 beds1 bath2,011 sq ft
2176 N Dexter St N, Indianapolis, IN 46202
$330,000
2 beds2.5 baths2,400 sq ft
2105 N Meridian St #301, Indianapolis, IN 46202
$435,000
4 beds3 baths2,537 sq ft
844 Camp St, Indianapolis, IN 46202
See all

Provided by Redfin

Sale history for 554 Drake St

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$4,063 (+19.5%)

$10,800 + $156,800

$167,600

2024

$3,401 (+3.4%)

$10,800 + $127,400

$138,200

2023

$3,289 (+0.4%)

$10,800 + $127,400

$138,200

2022

$3,275 (+58.2%)

$10,800 + $122,800

$133,600

2021

$2,070 (+6.4%)

$3,900 + $80,800

$84,700

2020

$1,946 (−1.7%)

$3,900 + $80,800

$84,700

2019

$1,980 (−6.4%)

$3,900 + $75,200

$79,100

2018

$2,114 (+12.9%)

$3,900 + $75,200

$79,100

2017

$1,873 (−1.2%)

$3,900 + $79,200

$83,100

2016

$1,896 (+2.7%)

$3,900 + $79,200

$83,100

2015

$1,847 (+5.1%)

$3,900 + $82,200

$86,100

2014

$1,757 (+4.0%)

$3,900 + $80,000

$83,900

2013

$1,690

$3,900 + $77,400

$81,300

Tax history for 554 Drake St

Year

Property tax

Land + Additions

Assessment*

2025

$4,063 (+19.5%)

$10,800 + $156,800

$167,600

2024

$3,401 (+3.4%)

$10,800 + $127,400

$138,200

2023

$3,289 (+0.4%)

$10,800 + $127,400

$138,200

2022

$3,275 (+58.2%)

$10,800 + $122,800

$133,600

2021

$2,070 (+6.4%)

$3,900 + $80,800

$84,700

2020

$1,946 (−1.7%)

$3,900 + $80,800

$84,700

2019

$1,980 (−6.4%)

$3,900 + $75,200

$79,100

2018

$2,114 (+12.9%)

$3,900 + $75,200

$79,100

2017

$1,873 (−1.2%)

$3,900 + $79,200

$83,100

2016

$1,896 (+2.7%)

$3,900 + $79,200

$83,100

2015

$1,847 (+5.1%)

$3,900 + $82,200

$86,100

2014

$1,757 (+4.0%)

$3,900 + $80,000

$83,900

2013

$1,690

$3,900 + $77,400

$81,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

AIRSPACE SECONDARY ZONING DISTRICT

COMPACT

Dwelling District Eight

The D-8 district is intended for a variety of housing formats, with a mix of small-scale multi-unit building types. This district can be used as a part of new mixed-use areas, or for infill situations in established urban areas, including medium and high-density residential recommendations of the Comprehensive Plan, and the Traditional Neighborhood, City Neighborhood, and Village or Urban Mixed-Use Typologies of the Land Use Pattern Book.

Zone overlays

Airspace Secondary Zoning District
Compact Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Park & open space

Property details

Interior

Heating & Cooling
Air Conditioning Type: Central
Heating Type: Warm Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Fair
Construction Type: Concrete Block
Building Type: Row Type

Property Information
Subdivision Name: DRAKE & MAYHEWS ADD
Living Sq. Ft: 843
Adjusted Gross Sq. Ft: 843
Ground Floor Sq. Ft: 843
Building Sq. Ft: 843
# of Stories: 1
Legal Description: DRAKE & MAYHEWS ADD L19 & 1/2 VAC ALLEYE & ADJ

Lot Information
# of Buildings: 1
Land Sq. Ft: 5,532
Legal Lot Number: 19
Municipality Name: INDIANPOLIS,CENTER
Acres: 0.127
Depth Footage: 120
Front Footage: 46
County Use Description: TWO FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: —
Sq. Ft.: 843
Stories: 1.0
Lot Size: 5,532 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1956
Year Renovated: 1956
County: Marion County
APN: 490635124006000101

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

George Washington Carver School 87

Public PreK-5 • Assigned • 1.2mi

3/10

Global Preparatory Academy

Charter K-8 • Assigned • 1.0mi

4/10

Crispus Attucks Medical Magnet High School (9-12)

Public 9-12 • Assigned • 0.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46202

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$221,000 – $267,000

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New listings for sale in 46202

NEW 19 HRS AGO

$469,000

3 beds3.5 baths3,366 sq ft

2016 Central Ave, Indianapolis, IN 46202

$144,900

2 beds1 bath2,180 sq ft

1926 N Harding St, Indianapolis, IN 46202

$1,000,000

4 beds3.5 baths4,144 sq ft

648 Ellsworth St, Indianapolis, IN 46202

3D WALKTHROUGH

$599,900

3 beds3 baths3,948 sq ft

1724 Central Ave, Indianapolis, IN 46202

OPEN SAT, 12PM TO 2PM

$509,900

3 beds3.5 baths2,400 sq ft

1707 N Alabama St, Indianapolis, IN 46202

$695,900

3 beds2 baths2,765 sq ft

1112 Polk St, Indianapolis, IN 46202

$629,900

8 beds3.5 baths4,280 sq ft

1859 N Pennsylvania St, Indianapolis, IN 46202

$209,000

2 beds1 bath2,011 sq ft

2176 N Dexter St N, Indianapolis, IN 46202

$330,000

2 beds2.5 baths2,400 sq ft

2105 N Meridian St #301, Indianapolis, IN 46202

Home values near 554 Drake St

Data from public records.

Address	Redfin Estimate
703 Drake Street, Indianapolis, IN 3 Beds \| - Baths \| 966 Sq. Ft.	$149,719
558 Drake Street, Indianapolis, IN 2 Beds \| - Baths \| 846 Sq. Ft.	$190,840

Address	Redfin Estimate
543 Drake Street, Indianapolis, IN 3 Beds \| - Baths \| 1655 Sq. Ft.	$223,018
549 Drake Street, Indianapolis, IN 3 Beds \| - Baths \| 963 Sq. Ft.	$177,820

Address	Redfin Estimate
548 Drake Street, Indianapolis, IN 2 Beds \| - Baths \| 846 Sq. Ft.	$204,926
704 Drake Street, Indianapolis, IN 5 Beds \| - Baths \| 2071 Sq. Ft.	$237,112

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