1656 E Indianola Avenue Phoenix, AZ 85016

3 Beds
2 Baths
1,584 Sqft
11,286 Sqft lot
0.26 Acre lot
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$585,000 Est. $2,154 / mo.*
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Status: Active
Property Type: Single Family Residence
Year Built: 1944
Neighborhood: Avenel Park
Days on Website: 13

Courtesy of DeLex Realty {attribution_contact}

Description

Located in the heart of Phoenix, this fully remodeled 3-bedroom, 2-bath home offers an exceptional opportunity for both investors and developers. Situated on a generously sized lot, the property provides significant potential for expansion, including the possibility of building multiple units--ideal for maximizing long-term value and cash flow. The home itself has been thoughtfully updated and is currently tenant-occupied, offering immediate rental income from day one. Whether you're looking to hold as a performing asset or redevelop, the flexibility here is a major advantage. Positioned in a rapidly growing area near Arcadia Lite and just minutes from Biltmore Fashion Park, you'll enjoy close proximity to some of the city's best dining, shopping, and entertainment. DEVELOPERS WELCOME!

Property Details and Features

  • "Dryer"
  • "Washer"
  • "Refrigerator"
  • "Built-in Microwave"
  • "Dishwasher"
  • "Disposal"
  • 2 full bathrooms
  • 2 total bathrooms
  • 3 total bedrooms
  • Built in 1944
  • Living area: 1584
  • Construction materials: "Other", "Block"
  • "Central Air"
  • "Chain Link"
  • "Wood"
  • "Vinyl"
  • Association fee includes: "No Fees"
  • "Double Vanity"
  • "Eat-in Kitchen"
  • "Pantry"
  • "3/4 Bath Master Bdrm"
  • "Laminate Counters"
  • "Inside"
  • Listing ID: 7020588
  • Standard status: Active
  • 28 days on market
  • Subdivision name: AVENEL PARK
  • 0.26 acres
  • 11,286 sqft
  • "Dirt Front"
  • "Dirt Back"
  • "Subject To Tenant Rights"
  • "Composition"
  • Elementary school: Loma Linda Elementary School
  • High school: Camelback High School
  • High school district: Phoenix Union High School District
  • "Public Sewer"
  • Annual amount: $2,699
  • Lot: 2
  • "Screens"

Location

$585,000 - 1656 E Indianola Avenue, Phoenix, AZ 85016
1656 E Indianola Avenue Phoenix, AZ 85016
Subdivision name: AVENEL PARK

Street View

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This content last updated on May 13, 2026 12:20AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.