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1516 Ruth Drive

Indianapolis, IN 46240

ActiveListed Sep 16, 2026 · 22 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,180 sqft
Lot
0.29 acres
Year built
1925
Type
Residential · Single Family Residence
Stories
One
Garage
3 spaces
MLS #
22126592
County
Marion
Subdivision
Island Park

About this home

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.

Description provided by the listing brokerage.

Interior

Appliances
Electric OvenRefrigeratorWater Heater
Interior features
Attic AccessEntrance Foyer
Fireplaces
1
Fireplace type
Family RoomLiving RoomMasonry
Security
Smoke Detector(s)
Rooms
7
Main-level bedrooms
3

Exterior

Construction
Vinyl Siding
Foundation
Crawl Space
Style
Ranch
Parking and garage
DetachedGarage Door Opener
View
Trees/Woods

Systems

Heating
Forced Air
Cooling
Central AirWall Unit(s)
Water
Public

Schools

Elementary school
Allisonville Elementary School
High school
North Central High School
School district
MSD Washington Township

Taxes

Estimated annual tax
$1,554 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,207per month, estimated
Principal and interest $1,008Property tax $130Insurance $70
20% · $39,980
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$199,900
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