2202 N Leland Ave, Indianapolis, IN, 46218
About This Home
Turnkey investment opportunity on Indianapolis' near east side, offered at $114,999. This 2-bedroom, 1-bathroom single-family home sits on a slab with an attached one-car garage and is currently occupied by a tenant on a one-year lease with approximately four months remaining. At roughly 570 square feet, the efficient floor plan keeps operating costs low and turnover minimal. Recent system ages include a furnace and air conditioner at approximately four years, water heater at three years, flooring at four years, and roof at eight to ten years, with no reported plumbing or electrical issues. The tenant pays all utilities. Located on a quiet residential stretch of North Leland Avenue in an established neighborhood of well-built single-family and multi-family homes, with convenient access to downtown Indianapolis. An ideal entry-level rental or an easy addition to an existing portfolio. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll available upon request. Property sold as-is.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1959
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Electric Cooktop,Dryer,Refrigerator,Washer,Electric Water Heater
Bedroom2
- Level: Main
- Area: 81
- Dimensions: 9x9
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Eat-in Kitchen
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 567
- Total interior livable area: 567 sqft
Kitchen
- Level: Main
- Area: 110
- Dimensions: 10x11
Living Room
- Level: Main
- Area: 150
- Dimensions: 10x15
Master Bedroom
- Level: Main
- Area: 99
- Dimensions: 9x11
Property
Details
- Parcel number: 490727102123000701
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Lot size: 5,227 sqft
- Features: Corner Lot
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Tornado
- Cold Wave
- Earthquake
- Hail
- Heat Wave
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $580 | $6,960 |
| Home Insurance * | $146 | $1,752 |
| Property Taxes | $182 | $2,184 |
| Electricity | $184 | $2,212 |
| Total | $1,092 | $13,104 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Price change | $114,899 |
| 2026-06-26 | Listed for sale | $114,999 |
| 2026-01-13 | Listing removed | -- |
| 2025-10-15 | Price change | $135,000 |
| 2025-10-07 | Listed for sale | $140,000 |
| 2025-09-26 | Listing removed | -- |
| 2025-08-22 | Listed for sale | $155,000 |
| 2022-08-29 | Sold | $79,500 |
| 2019-08-22 | Listing removed | $650 |
| 2019-08-15 | Listed for rent | $650 |
| 2019-04-25 | Listing removed | $650 |
| 2019-04-02 | Listed for rent | $650 |
| 2018-05-25 | Sold | $42,275 |
| 2018-02-08 | Sold | $26,000 |
| 2018-01-09 | Listed for sale | $29,995 |
| 2017-12-31 | Listing removed | $650 |
| 2017-12-05 | Price change | $650 |
| 2017-11-20 | Listed for rent | $725 |
| 2009-08-28 | Sold | $10,500 |
| 2009-07-18 | Price change | $7,500 |
| 2009-06-27 | Listed for sale | $8,000 |
| 2009-06-18 | Sold | $36,603 |
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