1652 E Indianola Avenue, Phoenix, AZ 85016

$515,000
2
BD
2
BA
1,456
SqFt

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List Price
$515,000
Price Change
▼ $10,000 1778877595
Days on Market
104
Status
ACTIVE
MLS#
7020596
City
Phoenix
Bedrooms
2
Bathrooms
2
Living SQFT
1,456
Lot Size
9,541
Subdivision
Avenel Park
Year Built
1930
Type
Single Family Residence

Property Description

Investor/developer opportunity in the heart of Phoenix. This remodeled 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

Additional Information

Elementary School
Loma Linda Elementary School
High School
Camelback High School
Middle School
The Creighton Academy
Acres
0.22
Assoc Fee Includes
No Fees
Builder Name
Unknown
Construction
Other
Cooling
Other
Fencing
Other
Heating
Other
Laundry
Other
Living Area
1,456
Lot Size
9,541
New Financing
Cash, Conventional
Lot Features
None
Roofing
Composition
Spa
None
Stories
1
Subdivision
Avenel Park
Taxes
$2,769
Tax Year
2025
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Delex Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.