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5508 W 16th Street

Indianapolis, IN 46224

PendingListed Oct 30, 2026 · 3 days on market

Key facts

Beds
2
Baths
1 full
Living area
996 sqft
Lot
0.16 acres
Year built
1943
Type
Residential · Single Family Residence
Stories
One
Garage
3 spaces
MLS #
22133253
County
Marion
Subdivision
Schloss Home Place
Total building area
1,494 sqft

About this home

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!

Description provided by the listing brokerage.

Interior

Appliances
Gas Water HeaterMicrowaveGas OvenRefrigeratorWater Heater
Interior features
Attic AccessSmart Thermostat
Kitchen
Kitchen Galley
Basement
Egress Window(s)Storage SpaceUnfinished
Laundry
In Basement
Windows
Vinyl Windows
Security
Smoke Detector(s)
Rooms
5
Main-level bedrooms
2

Exterior

Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Block
Style
Ranch
Parking and garage
Detached

Systems

Heating
Natural Gas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
CurbsStreet Lights

Schools

Elementary school
Arthur C Newby Elementary School 2
Middle school
Speedway Junior High School
High school
Speedway Senior High School
School district
School Town of Speedway

Taxes

Estimated annual tax
$1,920 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice$/sq ft
Pending sale$199,999$201 / sq ft
Listed for sale$199,999$201 / sq ft

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 10, 2026

Estimate your monthly payment

$1,238per month, estimated
Principal and interest $1,008Property tax $160Insurance $70
20% · $40,000
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.

Talk to a lender we trust
Address
5508 W 16th Street, Indianapolis, IN 46224
County
Marion
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Listed at$199,999
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