1516 Ruth Drive

Indianapolis, IN
$ 204,900 Beds 3 Baths 2 Sq 1,180
Monthly Estimate* How much can I afford?

Space, potential, and a rare 3-car garage! Welcome to 1516 Ruth Drive, a 3-bedroom, 2-bath ranch situated on a double lot on Indianapolis' north side. With an expansive yard and a 3-car detached garage, this property offers the kind of extra space that can be hard to find. Whether you need room for vehicles, hobbies, a workshop, storage, gardening, entertaining, or simply want more outdoor space to enjoy, this property delivers plenty of possibilities. Inside, the single-level layout is ready for a new owner to bring their vision and personal touches. Conveniently located near shopping, dining, everyday amenities, and major roadways. Property is being sold as-is, making this a great opportunity for a buyer ready to unlock its potential. With 3 bedrooms, 2 full baths, a double lot, and a 3-car garage, 1516 Ruth Drive has the space and possibilities to become something truly special.

Active

  • Price
  • $ 204,900
  • City
  • Indianapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MARION
  • Half Bathrooms
  • 0
  • Area
  • Washington
  • Lot Size
  • 0.29 Acres
  • Zip
  • 46240
  • Sqr Footage
  • 1,180
  • Year Built
  • 1925
  • Taxes
  • $ 1554
  • Style
  • Ranch
  • MLS#
  • 22126592
Listed By: April Trusley with Highgarden Real Estate;
Data Source: MIBOR Broker Listing Cooperative

Features

General

Heating Forced Air
Cooling Central Air,Wall Unit(s)
Possession Negotiable
Appliances Electric Oven,Refrigerator,Water Heater
Garage Spaces 3
Architectural Style Ranch
Security Features Smoke Detector(s)
Construction Materials Vinyl Siding
Year Built 1925
View Trees/Woods
Township Washington
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Additional Parcels Description 8000400
County Marion
New Construction No
Property Type Residential
HOA No
Subdivision Name Island Park
Garage Y/N Yes
Total Rooms 7
Full Baths 2
Status Active
Directions GPS Friendly
High School North Central High School
City Indianapolis
High School District MSD Washington Township
MLS Area 4903 - Marion - Washington
Elementary School Allisonville Elementary School
Property Attached Y/N No
Current Financing Conventional
Additional Parcels Y/N Yes
Standard Status Active
Tax Lot 165
Legal Description Island Park L165

Interior Features

Interior Amenities Attic Access,Entrance Foyer
Total Fireplaces 1
Fireplace Features Family Room,Living Room,Masonry
Basement (Y/N) No
Total Bedrooms 3
Main Level Bedrooms 3
LivingAreaSource Assessor
Total Baths 2

Exterior Features

Parking Features Detached,Garage Door Opener
Water Source Public
Foundation Details Crawl Space
Building Area Total 1180
Lot Size Acres 0.29
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 Allisonville Elementary School
Middle School Unknown Middle School
High School North Central High School

Price History

9/17/2026 Listed $204,900

Property vs Zip Code Average in 46240

Price
AVG $760K
$200K
Taxes
AVG $7,029
$1,554
Year Built
AVG 1968
1925

1516 Ruth Drive Indianapolis, IN is a Single Family Home for sale at $204900 with 1180 sqft and a lot size of 0.29 Acres Acre(s). 1516 Ruth Drive Indianapolis has 3 bedrooms, 2 baths and was built in 1925. The property's zip code is 46240 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.