149 & 151 Leota St Indianapolis, IN 46202
Fountain Square NeighborhoodEstimated payment $2,171/month
About This Home
Check out this incredible investment opportunity just north of Fountain Square! With quick access to downtown, highways, and multiple cultural districts, this location is hard to beat. 149 Leota St has historically been used as a mid-term rental, consistently generating $1,750/mo. 151 Leota St was recently renovated and is currently on the market for $1,300/mo as a traditional long term rental. This presents a unique opportunity to live in one side, rent out the other and have your mortgage nearly completely covered! Both units offer 11 ft ceilings on the main level and an open concept with living room, dining room, kitchen all seamlessly connected. Both units also feature full bathrooms with laundry machines on main level. Upstairs you will find 2 generously sized bedrooms with plenty of windows and closet space. Both units share the backyard, but 149 has side door access to the back. There is a storage shed and oversized 1 car garage in the backyard as well. This property is in proximity to numerous development projects and will continue to see strong appreciation!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,562
Year Built
- Built in 1900
Parking
- 1 Car Garage
- Alley Access
Home Design
- Duplex
- Traditional Architecture
- Block Foundation
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
- Washer and Dryer Hookup
- Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- 5,227 Sq Ft Lot
- Property is near a bus stop
- Separate Meters
Community Details
- J F Hills Add Subdivision
Listing and Financial Details
- Tax Lot 1032239
- Assessor Parcel Number 491007127013000101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,617 | $271,400 | $4,400 | $267,000 |
| 2023 | $6,617 | $273,900 | $3,900 | $270,000 |
| 2022 | $4,726 | $262,400 | $3,900 | $258,500 |
| 2021 | $3,631 | $210,700 | $3,900 | $206,800 |
| 2020 | $1,631 | $113,300 | $3,900 | $109,400 |
| 2019 | $2,252 | $95,400 | $2,700 | $92,700 |
| 2018 | $1,392 | $53,800 | $2,700 | $51,100 |
| 2017 | $1,243 | $53,400 | $2,700 | $50,700 |
| 2016 | $1,134 | $53,600 | $2,700 | $50,900 |
| 2014 | $1,079 | $49,900 | $2,700 | $47,200 |
| 2013 | $332 | $49,900 | $2,700 | $47,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | For Sale | $309,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Drake Andrew R | |
| Warranty Deed | $279,000 | Drake Andrew R | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Deed | $110,000 | -- | |
| Warranty Deed | -- | Chicago Title Co Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $209,250 | New Conventional | |
| Previous Owner | $166,000 | New Conventional | |
| Previous Owner | $136,500 | New Conventional | |
| Previous Owner | $93,550 | New Conventional |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22065215
APN: 49-10-07-127-013.000-101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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