1652 E INDIANOLA Avenue, Phoenix, AZ 85016 (MLS# 7020596)

1652 E INDIANOLA Avenue, Phoenix, AZ 85016

$515,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,456 Lot Size (sq. ft.): 9,541 Status: Active

Current Price: $515,000 Last Modified: 8/26/2026

Overview

Description

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.

Listing Details MLS# 7020596

Location, Tax & Legal

House Number: 1652
Compass: E
Street Name: INDIANOLA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5960
Country: US
County Code: Maricopa
Assessor Number: 119-29-014
Subdivision: AVENEL PARK
Tax Year: 2025

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Attached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 4
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1456
Price/SqFt: 353.71
Horses: N
Builder Name: Unknown
Year Built: 1930
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 9541
Approx Lot Acres: 0.219
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Loma Linda Elementary School
Jr. High School: The Creighton Academy
High School: Camelback High School

Remarks Misc

Cross Street: 16th Street ns Indianola,
Directions: go East to 17th Street, go South to Indianola, go West to home.

Legal Info

Township: 2N
Range: 3E
Section: 27
Lot Number: 4

Basement

Basement Y/N: N

More Information

Parking Spaces

Carport Spaces: Yes
Slab Parking Spaces: 2
Total Covered Spaces: Yes

Showing Notification Methods

Showing Service: No Showing Service Used

DPR Eligible

DPR Eligible: Yes

Property Features

Special Listing Cond: N/A Master Bathroom: Other (See Remarks) Spa: None Dining Area: Other (See Remarks) Kitchen Features: None Laundry: Other Construction: Other Const - Finish: Other (See Remarks) Roofing: Composition Cooling: Other Heating: Other Utilities: APS Water Source: City Water Sewer: Sewer - Public Fencing: Other Landscaping: None Showing Notification Methods: Text Lockbox Type: None Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Other (See Remarks) New Financing: Cash; Conventional Disclosures: Other (See Remarks)

Listing Office: DeLex Realty

Last Updated: August - 26 - 2026

1652 E INDIANOLA Avenue, Phoenix, AZ 85016 (MLS# 7020596)