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.
Active
Price cut: $100 (7/29)
$114,899
2202 N Leland Ave, Indianapolis, IN 46218
2beds
567sqft
Residential, Single Family Residence
Built in 1959
5,227 Square Feet Lot
$108,600 Zestimate®
$203/sqft
$-- HOA
What's special
Attached one-car garageEfficient floor plan
- 76 days
- 469
- 29
Zillow last checked:
Listing updated:
Listed by:
Max Moore 317-476-3338,
@properties,
Kenneth Fletcher
Source: MIBOR as distributed by MLS GRID,MLS#: 22109849
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 99 Square Feet
- Dimensions: 9x11
Bedroom 2
- Level: Main
- Area: 81 Square Feet
- Dimensions: 9x9
Kitchen
- Level: Main
- Area: 110 Square Feet
- Dimensions: 10x11
Living room
- Level: Main
- Area: 150 Square Feet
- Dimensions: 10x15
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Electric Cooktop, Dryer, Refrigerator, Washer, Electric Water Heater
Features
- Eat-in Kitchen
- Has basement: No
Interior area
- Total structure area: 567
- Total interior livable area: 567 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 5,227 Square Feet
- Features: Corner Lot
Details
- Parcel number: 490727102123000701
- Special conditions: As Is
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Emerson Gardens
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $67,400
- Annual tax amount: $1,290
- Date on market: 6/26/2026
- Cumulative days on market: 79 days
Estimated market value
$108,600
$103,000 - $114,000
$1,135/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Price change | $114,899-0.1%$203/sqft |
Source:  MIBOR as distributed by MLS GRID #22109849 Report a problem | ||
| 6/26/2026 | Listed for sale | $114,999-14.8%$203/sqft |
Source: MIBOR as distributed by MLS GRID #22109849 Report a problem | ||
| 1/13/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/15/2025 | Price change | $135,000-3.6%$238/sqft |
Source: Owner Report a problem | ||
| 10/7/2025 | Listed for sale | $140,000-9.7%$247/sqft |
Source: Owner Report a problem | ||
| 9/26/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 8/22/2025 | Listed for sale | $155,000+95%$273/sqft |
Source: Owner Report a problem | ||
| 8/29/2022 | Sold | $79,500+88.1%$140/sqft |
Source: Public Record Report a problem | ||
| 8/22/2019 | Listing removed | $650$1/sqft |
Source: Vue Property Group Report a problem | ||
| 8/15/2019 | Listed for rent | $650$1/sqft |
Source: Vue Property Group Report a problem | ||
| 4/25/2019 | Listing removed | $650$1/sqft |
Source: Vue Property Group Report a problem | ||
| 4/2/2019 | Listed for rent | $650$1/sqft |
Source: Vue Property Group Report a problem | ||
| 5/25/2018 | Sold | $42,275+62.6%$75/sqft |
Source: Public Record Report a problem | ||
| 2/8/2018 | Sold | $26,000-13.3%$46/sqft |
Source: Public Record Report a problem | ||
| 1/9/2018 | Listed for sale | $29,995+185.7%$53/sqft |
Source: Owner Report a problem | ||
| 12/31/2017 | Listing removed | $650$1/sqft |
Source: Owner Report a problem | ||
| 12/5/2017 | Price change | $650-10.3%$1/sqft |
Source: Owner Report a problem | ||
| 11/20/2017 | Listed for rent | $725$1/sqft |
Source: Owner Report a problem | ||
| 8/28/2009 | Sold | $10,500+40%$19/sqft |
Source: MIBOR as distributed by MLS GRID #2931296 Report a problem | ||
| 7/18/2009 | Price change | $7,500-6.3%$13/sqft |
Source: foreclosure.com Report a problem | ||
| 6/27/2009 | Listed for sale | $8,000-78.1%$14/sqft |
Source: foreclosure.com Report a problem | ||
| 6/18/2009 | Sold | $36,603$65/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,291 +0% | $67,400 +23.9% |
| 2024 | $1,290 +9.1% | $54,400 |
| 2023 | $1,183 +17.3% | $54,400 +8.6% |
| 2022 | $1,008 +17.7% | $50,100 +14.6% |
| 2021 | $857 +2% | $43,700 +18.1% |
| 2020 | $840 -0.9% | $37,000 +3.9% |
| 2019 | $848 +7.6% | $35,600 |
| 2018 | $788 +9.2% | $35,600 |
| 2017 | $722 +5% | $35,600 +11.9% |
| 2016 | $687 +3.9% | $31,800 +3.9% |
| 2014 | $662 -13.8% | $30,600 |
| 2013 | $767 | $30,600 -10.5% |
| 2012 | $767 | $34,200 +4.9% |
| 2011 | -- | $32,600 -5% |
| 2010 | $713 -6.5% | $34,300 -4.2% |
| 2009 | $763 | $35,800 -6.5% |
| 2007 | -- | $38,300 +556.9% |
| 2001 | -- | $5,830 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Similar homes
- $115,0002 bd1 ba672 sqft1714 N Euclid Ave, Indianapolis, IN 46218Active
MLS ID #22109669, Edwin Watson, Triple E Realty, LLC. MIBOR as distributed by MLS GRID - $119,9002 bd1 ba812 sqft3706 Baltimore Ave, Indianapolis, IN 46218Active
MLS ID #22116120, Shannon Adair, Canon Real Estate Services LLC. MIBOR as distributed by MLS GRID - $114,9002 bd1 ba720 sqft3305 E 30th St, Indianapolis, IN 46218For Sale By Owner
- $120,0002 bd1 ba812 sqft3731 Baltimore Ave, Indianapolis, IN 46218Active
MLS ID #22088704, Perla Palma Nunez, Keller Williams Indy Metro Partners. MIBOR as distributed by MLS GRID
