262 W Ray St Indianapolis, IN 46225
Property details
About 262 W Ray St
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.
Highlights
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Dryer, Microwave, Electric Oven, ENERGY STAR Qualified Water Heater
- Basement: Yes
- Interior: Raised Ceiling(s), Eat-in Kitchen
- Total Bedroom Count: 9
- Exterior: Gas Grill
- Architectural Style: TraditonalAmerican
- Heating: Forced Air, Natural Gas
- List Price: $549,500
- Price/SqFt: $154
- Annual Tax Amount: $10,505
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1919
- Living Area: 3,552 SqFt
- Lot Size: 0.11 Acres
- MLS Number: 22041977
- MLS Name: MIBOR
- Office Name: Encore Sotheby's International
- Office Email: marty.zimmerman@encoresir.com
- Listing Agent: Marty Zimmerman
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 7/6/2025, 10:31:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 24, 2016 | Home Sold | $60,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $442,900 | $10,505 |
| 2022 | $405,500 | $9,573 |
| 2021 | $386,000 | $8,804 |
| 2020 | $380,200 | $8,185 |
| 2019 | $343,300 | $7,690 |
| 2018 | $319,500 | $4,924 |
| 2017 | $228,300 | $1,385 |
History based on county public records data.
Nearby schools
6
William McKinley Elementary School 39
Public District PK-6
1.9 mi
•1733 Spann Ave
3
Eleanor Skillen Elementary School 34
Public District PK-6
2.0 mi
•1410 Wade St
9
Paramount Cottage Home
Public Charter KG-4
2.2 mi
•1203 E Saint Clair St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,333. The majority of Indianapolis, IN residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Yoga/pilates
Continuing Education Courses
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Express/Express For Men
Banana Republic
Where do the neighbors go to eat?
Dominos Pizza
Qdoba
Sonic
What do the neighbors drive?
Audi
Volkswagen
Infiniti
What do the neighbors listen to?
Alternative
Urban Contemporary- Rhythmic Contemporary Hits
Frequently asked questions
About 262 W Ray St
The listing price of 262 W Ray St property is $549,500.
The property 262 W Ray St is a house located in Indianapolis, Indiana, 46225.
Active Listing: 262 W Ray St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 262 W Ray St are: William McKinley Elementary School 39 (GreatSchools Rating 6/10), Eleanor Skillen Elementary School 34 (GreatSchools Rating 3/10), Paramount Cottage Home (GreatSchools Rating 9/10), Edison School of the Arts 47 (GreatSchools Rating 4/10), James A. Garfield School 31 (GreatSchools Rating 3/10), Se Neighborhood School of Excellence (GreatSchools Rating 3/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Indianapolis Metropolitan High School (GreatSchools Rating 2/10), Crispus Attucks High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,505 (source: MLS/based on county public records data).
The last sale was on June 24, 2016 for $60,000 (source: MLS/tax record).
The property at 262 W Ray St has 9 bedrooms and 3 bathrooms.
The property 262 W Ray St is 3,552 SqFt (source: MLS/tax record).
The year of construction for 262 W Ray St is 1919.
This home is located at 262 W Ray St in Indianapolis, IN and zip code 46225 in the Old Southside neighborhood. This 3,552 square foot home, which was built in 1919, sits on a 0.11 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $549,500.
Over 266 listings were sold over their listed price in June 2025 in Indianapolis, IN. In the same period over 527 listings were sold below the listed price and 276 listings were sold for the listed price. The inventory of homes for sale in Indianapolis, IN between May and June 2025 decreased by 0.2%. In June 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $251,183.