5228 W Raymond Street

Indianapolis, IN
$ 108,700 Beds 2 Baths 1 Sq 792
Monthly Estimate* How much can I afford?

This charming bungalow offers an affordable opportunity with a simple, functional layout and plenty of potential. With two bedrooms and one bath, it's a great option for a first-time buyer, investor, or anyone looking for a manageable home to make their own. Take a closer look and see what you can do with this property. Built in 1941, this one-level home offers 792 square feet of living space, vinyl siding, wood windows, and a detached one-car garage. Owner financing is available to a qualified buyer. Property is sold strictly as-is, and the seller will make no repairs.

Active

  • Price
  • $ 108,700
  • City
  • Indianapolis
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Wayne
  • Lot Size
  • 0.12 Acres
  • Zip
  • 46241
  • Sqr Footage
  • 792
  • Year Built
  • 1941
  • Taxes
  • $ 3110
  • Style
  • Bungalow
  • MLS#
  • 22116972
Listed By: Terry Young with Red Bridge Real Estate;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air,Natural Gas
Cooling None
Possession Closing
Appliances Electric Oven,Refrigerator
Garage Spaces 1
Architectural Style Bungalow
Construction Materials Vinyl Siding,Wood Siding
Year Built 1941
Township Wayne
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Drexel Gardens
Garage Y/N Yes
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
High School Ben Davis High School
City Indianapolis
High School District MSD Wayne Township
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 5401
Elementary School Maplewood Elementary School
Property Attached Y/N No
Current Financing Contract,Conventional
Middle/Junior High School Lynhurst 7th & 8th Grade Center
Standard Status Active
Tax Lot 1201
Legal Description Drexel Gardens No. 4 L1201

Interior Features

Interior Amenities WoodWorkStain/Painted
Basement (Y/N) No
Total Bedrooms 2
Main Level Bedrooms 2
LivingAreaSource Assessor
Total Baths 1

Exterior Features

Parking Features Detached
Water Source Public
Foundation Details Block
Building Area Total 792
Lot Size Acres 0.12
Horse Amenities None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Columbus, IN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Maplewood Elementary School
Middle School Lynhurst 7th & 8th Grade Center Middle School
High School Ben Davis High School

Price History

7/28/2026 Listed $108,700

Property vs Zip Code Average in 46241

Price
AVG $180K
$110K
Taxes
AVG $2,061
$3,110
Year Built
AVG 1954
1941
Visits
AVG 79
33
Data Provided by Inside Real Estate®

5228 W Raymond Street Indianapolis, IN is a Single Family Home for sale at $108700 with 792 sqft and a lot size of 0.12 Acres Acre(s). 5228 W Raymond Street Indianapolis has 2 bedrooms, 1 baths and was built in 1941. The property's zip code is 46241 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.