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262 W Ray Street

Indianapolis, IN 46225

9 beds
3 baths
2,810 sqft
4,792 sqft lot
$195 per sqft
1919 build

Incredible Investment Opportunity! Nestled just half a block from the iconic Colts Stadium and the bustling heart of downtown, this extraordinary property provides endless options and opportunity. Steps away from a world of entertainment, dining, and cultural experiences, this home offers unparalleled access to the vibrant downtown scene, making it a coveted spot for those who thrive on the city's energy. Behind the home is Babe Denny Park, providing a personal retreat amid urban life. Enjoy leisurely strolls, picnics, or simply unwind in nature, all just a stone's throw from your doorstep. With nine generously sized bedrooms, this home is designed to accommodate large families, groups of friends, or even a thriving vacation rental business. This space ensures that everyone has room to relax and unwind. This property is currently thriving as a VRBO/Airbnb vacation home, creating an opportunity for savvy investors to tap into the booming short-term rental market in a prime location. Whether you envision it as a family home, a vacation rental, or a combination of both, this property adapts to your lifestyle and investment goals. This unique opportunity is seldom found in today's market! Don't miss this chance to own this rarity in one of the city's most coveted locations.

Listing courtesy of MIBOR / Encore Sotheby's International

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# 22041977 —

The Building

Year Built:

1919
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Traditional
Foundation Details:

Block
Levels:

Two
Basement:

true
Basement:

Cellar
Exterior Features:

Gas Grill
Patio And Porch Features:

Covered, Wrap Around
Accessibility Features:

No
Upper SqFt:

1040
Building Area Total:

3552
Below Grade Finished Area:

514

Interior

Rooms:

12
Rooms Total:

12
Rooms Total:

12
Interior Features:

High Ceilings, Eat-in Kitchen
Other Equipment:

Smoke Alarm
Eating Area:

Formal Dining Room

Room Dimensions

SqFt:

2296
Main Level SqFt:

1256
Living Area:

2810

Location

Directions:

GPS Friendly
Latitude:

39.754428
Longitude:

-86.164345

The Property

View:

true
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Parcel Number:

491111100011000101
Acres:

<1/4 Acre
Lot Features:

Corner Lot, Not In Subdivision, Mature Trees
Lot Size Acres:

0.11
Lot Size SqFt:

4,792 Sqft
Price Per Acre:

4995455
Horse Amenities:

None

Listing Agent

Contact info:

Taxes

Tax Lot:

-
Tax Year:

2024
Semi Annual Property Tax Amt:

4787

Beds

Beds:

9
Bedrooms:

9
Bedrooms Total:

9
Main Level Bedrooms:

4
# of Bedrooms Upper:

5

Baths

Baths:

3
Full Baths:

3
Full Baths:

3
Full Baths Main:

1
Full Baths Upper:

2

Heating & Cooling

Heating:

Forced Air, Natural Gas
Cooling:

Central Air

Utilities

Water Source:

Public
Solid Waste:

Yes

Appliances

Appliances:

Dishwasher, Dryer, Microwave, Electric Oven, ENERGY STAR Qualified Water Heater

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

Fulmers Resub
Association:

false

Parking

Parking Features:

Aggregate, None
Garage:

false

Monthly cost estimate

Asking price

$549,500

Expense	Monthly cost
Mortgage	$2,942
Taxes	$797
Insurance	$151
Utilities	$223 See report
Total	$4,113/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
7/3/25 Jul 3, 2025	Listed / Active	MIBOR	$549,500	815.8% (90.0% / YR)
12/11/20 Dec 11, 2020	Listed / Active	MIBOR
6/10/16 Jun 10, 2016		MIBOR	$60,000

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This house located in South Side Indianapolis, Indianapolis, IN 46225 is currently for sale for $549,500. 262 W Ray Street is a 2,810 square foot house with 9 beds and 3 baths. 262 W Ray Street is in the South Side Indianapolis neighborhood of Indianapolis and has a WalkScore® of 43, making it car-dependent. This house is in the attendance area of Riverside High School, Arsenal Technical High School, Washington Irving School 14, and George Washington Community High School.

Listing Courtesy of: MIBOR and Encore Sotheby's International.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. 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.

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