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.
Sold
$475,000
262 W Ray St, Indianapolis, IN 46225
9beds
3,552sqft
Residential, Single Family Residence
Built in 1919
4,791.6 Square Feet Lot
$447,200 Zestimate®
$134/sqft
$2,221 Estimated rent
Home value
$447,200
$376,000 - $523,000
$2,221/mo
Zestimate® history
Owner options
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$2,221/mo
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$2,221/mo
Rent Zestimate®
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$2,934/mo
Est. payment
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$2,934/mo
Est. payment
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List your homeWhat's special
Nine generously sized bedroomsBustling heart of downtownBabe denny park
Zillow last checked:
Listing updated:
Listing Provided by:
Marty Zimmerman 317-450-8266,
Encore Sotheby's International
Bought with:
James Krause
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22041977
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 4
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Bedroom 3
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Bedroom 4
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Bedroom 5
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 6
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Other
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Other
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Other
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11x11
Dining room
- Features: Tile-Ceramic
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Kitchen
- Features: Tile-Ceramic
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Living room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Oven, ENERGY STAR Qualified Water Heater
Features
- High Ceilings, Eat-in Kitchen
- Basement: Cellar
Interior area
- Total structure area: 3,552
- Total interior livable area: 3,552 sqft
- Finished area below ground: 514
Property
Parking
- Parking features: Aggregate, None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Wrap Around
- Exterior features: Gas Grill
Lot
- Size: 4,791 sqft
- Features: Corner Lot, Not In Subdivision, Mature Trees
Details
- Parcel number: 491111100011000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1919
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Fulmers Resub
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Sold | $475,000-10.3%$134/sqft |
Source:  MIBOR as distributed by MLS GRID #22041977 Report a problem | ||
| 9/29/2025 | Pending sale | $529,500$149/sqft |
Source: MIBOR as distributed by MLS GRID #22041977 Report a problem | ||
| 9/15/2025 | Price change | $529,500-3.6%$149/sqft |
Source: MIBOR as distributed by MLS GRID #22041977 Report a problem | ||
| 7/3/2025 | Listed for sale | $549,500-7.6%$155/sqft |
Source: MIBOR as distributed by MLS GRID #22041977 Report a problem | ||
| 7/7/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21723515 Report a problem | ||
| 11/9/2020 | Price change | $595,000-14.4%$168/sqft |
Source: 100% Success, LLC #21723515 Report a problem | ||
| 9/2/2020 | Listed for sale | $695,000$196/sqft |
Source: 100% Success, LLC #21723515 Report a problem | ||
| 9/2/2020 | Listing removed | $4,995$1/sqft |
Source: 100% Success, LLC #21723516 Report a problem | ||
| 7/8/2020 | Listed for rent | $4,995$1/sqft |
Source: 100% Success, LLC #21723516 Report a problem | ||
| 12/6/2019 | Listing removed | $695,000$196/sqft |
Source: 100% Success, LLC #21606089 Report a problem | ||
| 11/6/2018 | Listed for sale | $695,000$196/sqft |
Source: 100% Success, LLC #21606089 Report a problem | ||
| 10/1/2018 | Listing removed | $695,000$196/sqft |
Source: 100% Success, LLC #21555486 Report a problem | ||
| 3/30/2018 | Listed for sale | $695,000+1058.3%$196/sqft |
Source: 100% Success, LLC #21555486 Report a problem | ||
| 6/10/2016 | Sold | $60,000-27.7%$17/sqft |
Source: MIBOR as distributed by MLS GRID #21413527 Report a problem | ||
| 6/6/2016 | Pending sale | $83,000$23/sqft |
Source: Northwest #21413527 Report a problem | ||
| 4/25/2016 | Listed for sale | $83,000+10.7%$23/sqft |
Source: Carpenter, REALTORS #21413527 Report a problem | ||
| 8/7/2015 | Listing removed | $75,000$21/sqft |
Source: Northwest #21336036 Report a problem | ||
| 5/6/2015 | Price change | $75,000-16.7%$21/sqft |
Source: Northwest #21336036 Report a problem | ||
| 3/5/2015 | Price change | $90,000-40%$25/sqft |
Source: Northwest #21336036 Report a problem | ||
| 2/13/2015 | Listed for sale | $150,000$42/sqft |
Source: Carpenter Realtors #21336036 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,408 -0.9% | $511,700 +16.7% |
| 2024 | $10,506 +9.7% | $438,600 -1% |
| 2023 | $9,574 +7.5% | $442,900 +9.2% |
| 2022 | $8,905 +1.1% | $405,500 +5.1% |
| 2021 | $8,804 +8.6% | $386,000 +1.5% |
| 2020 | $8,105 +6.5% | $380,200 +10.7% |
| 2019 | $7,611 +56% | $343,300 +7.4% |
| 2018 | $4,879 +252.1% | $319,500 +39.9% |
| 2017 | $1,386 -3.1% | $228,300 +263% |
| 2016 | $1,430 +5.3% | $62,900 +0.5% |
| 2014 | $1,358 +155.7% | $62,600 |
| 2013 | $531 | $62,600 +1.8% |
| 2012 | $531 | $61,500 +0.5% |
| 2011 | -- | $61,200 |
| 2010 | $477 +11.4% | $61,200 |
| 2009 | $428 | $61,200 -20.8% |
| 2007 | -- | $77,300 +64.5% |
| 2006 | -- | $47,000 +6.3% |
| 2005 | -- | $44,200 |
| 2004 | -- | $44,200 |
| 2003 | -- | $44,200 +227.4% |
| 2002 | -- | $13,500 +200% |
| 2001 | -- | $4,500 |
| 2000 | -- | $4,500 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 1.7 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 3.5 mi
- 1/10Crispus Attucks Medical Magnet High School (9-12)Grades: 9-12Distance: 2 mi
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Estimated market value
$447,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$447,200
- Indiana
- Marion County
- Indianapolis
- 46225
- Downtown
- 262 W Ray St
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