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5508 W 16th Street Indianapolis, IN $ 199,999
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5508 W 16th Street
$ 199,999
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5508 W 16th Street

Indianapolis, IN, 46224
$ 199,999
Bedrooms2 Baths1.0 Sq 1,494

Monthly Estimate*

$ 1,381

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Single Family Home for sale in Indianapolis, IN

for $199,999 with 2 bedrooms and 1 full bath. This 1,494 square foot home was built in 1943 on a lot size of 0.16.

Welcome to 5508 W 16th St, a 1943 charmer sitting right in the heart of Speedway. Get ready to fall in love with 996 square feet of main-floor living space. This home features a cozy two-bedroom, one-bathroom setup, including a good size living room that is practically begging for a movie night. Need a quiet space to unwind? The 9 x 14 primary bedroom has you covered. Plus, the basement and utility areas offer unbelievable extra storage for all your hidden treasures. Car enthusiasts, rev your engines! You will absolutely swoon over the gigantic 768-square-foot, three-car detached garage. It all sits on a low-maintenance 0.16-acre lot, meaning less time mowing and way more time having fun. Minutes from the interstate, shopping, entertainment and the Indianapolis Motor Speedway! Don't miss out on this wonderful opportunity or the chance to hear Indy cars from your living room durning May!

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Single Family Active

Price

$ 199,999

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 1,920

Style

Ranch

Lot Size

0.16

Year Built

1943

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22133253
Features
Interior
Interior Amenities Attic Access Smart Thermostat
Basement Egress Window(s) Storage Space Unfinished
Basement (Y/N) Y
Half Baths 0
Laundry Features In Basement
Total Bedrooms 2
Below Grade Finished Area 0
Main Level Bedrooms 2
Total Baths 1
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General
Heating Natural Gas
Cooling Central Air
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Appliances Gas Water Heater Microwave Gas Oven Refrigerator Water Heater
Garage Spaces 3
Patio/Porch Features Covered
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1943
Electric 100 Amp Service
Township Wayne
Levels One
Property Subtype Single Family Residence
Tax Year 2025
County Marion
New Construction N
Property Type Residential
HOA N
Subdivision Name Schloss Home Place
Garage Y/N Y
Total Rooms 5
Full Baths 1
Status Active
Directions GPS Friendly
High School Speedway Senior High School
City Indianapolis
High School District School Town of Speedway
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 7144
Elementary School Arthur C Newby Elementary School 2
Property Attached Y/N N
Current Financing Conventional FHA VA
Middle/Junior High School Speedway Junior High School
Additional Parcels Y/N N
Standard Status Active
Tax Lot 283
Legal Description Schloss Home Place 7th Sec L283
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Exterior
Parking Features Detached
Lot Features Curbs Street Lights
Water Source Public
Foundation Details Block
Spa N
Building Area Total 1494
Lot Size Acres 0.16
Waterfront Y/N N
Horse Amenities None
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* Excluded Features
List By
Ferris Property Group

Broker

devin@ferrispropertygroup.com

Email

Affordability Calculator

$1,541
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,381
Monthly Property Taxes
$160
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
5596531 Elementary School
4048073 Middle School
Speedway Senior High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/30/2026$199,999 Listed Price

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5508 W 16th Street, Indianapolis, IN, 46224 is a Single Family Home for sale at $199,999 with 1,494 sqft and a lot size of 0.16. 5508 W 16th Street has 2 bedrooms, 1.0 baths, and was built in 1943. The property's zip code is 46224 which is in Indianapolis, IN

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