1652 E Indianola Avenue, Phoenix, AZ 85016

Phoenix
Local realty services provided by:Better Homes and Gardens Real Estate S.J. Fowler
1652 E Indianola Avenue,Phoenix, AZ 85016
$515,000
  • 4 Beds
  • 2 Baths
  • 1,456 sq. ft.
  • Single family
  • Pending
Listed by: jodi wilcox
Office: delex realty
MLS#:7020596
Source:ARMLS

Price summary

  • Price:$515,000
  • Price per sq. ft.:$353.71

About this home

Investor/developer opportunity in the heart of Phx. This home is currently set up as a duplex. It features two 2/1 units, both currently leased, delivering immediate and stable cash flow. The property sits on a generously sized lot with favorable multifamily zoning, offering significant potential to build additional units or redevelop for higher density (buyer to verify). Positioned in a high-demand rental corridor near Arcadia Lite and Biltmore Fashion Park, the location supports strong tenant demand and long term appreciation. Easy access to major freeways, employment hubs, dining, and retail adds to the asset's appeal. Ideal for investors seeking a stabilized income property with clear value-add and development upside in one of Phoenix's fastest-growing submarkets. Home needs repairs.

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Home facts

  • Year built:1930
  • Subdivision & Development:AVENEL PARK
  • Listing ID #:7020596
  • Updated:August 13, 2026 at 09:15 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Living area:1,456 sq. ft.

Structure and exterior

  • Year built:1930
  • Building area:1,456 sq. ft.
  • Lot area:0.22 Acres

Schools

  • High school:Camelback High School
  • Middle school:The Creighton Academy
  • Elementary school:Loma Linda Elementary School

Utilities

  • Water:City Water

Finances and disclosures

  • Price:$515,000
  • Price per sq. ft.:$353.71
  • Tax amount:$2,769 (2025)

Parking

  • Carport spaces:1
MLS LogoAll information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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