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!
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Monthly Payment (Est.)
$2,6699 hours ago Listing updated with changes from the MLS® 9 hours ago Listing first seen on site
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.
Last checked: 2026-04-29 11:34 AM UTC
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$585,000
New Listing
1656 E INDIANOLA Avenue
Phoenix, AZ 85016
For Sale|Single Family Residence|Active
3
Beds
2
Total Baths
2
Full Baths
1,584
SqFt
$369
/SqFt
1944
Built
Subdivision:
AVENEL PARK
County:
Maricopa
Call Now: 602-513-2590
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Listing Snapshot
Price
$585,000
Days On Site
0 Days
Bedrooms
3
Inside Area (SqFt)
1,584 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.26 Acres
Year Built
1944
MLS® Number
7020588
Status
Active
Property Tax
$2,699
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Owner
Friends & Family
Recent Activity
General Features
Acres
0.26
Carport
2
Cross Street
16th Steet and Indian School,
Disclosures
Agency Discl ReqSeller Discl Avail
Land Lease
No
Number Of Stories
1
Parking Spaces
2
Property Sub Type
Single Family Residence
Sewer
Public Sewer
Water Source
Public
Interior Features
Appliances
DryerWasherRefrigeratorDishwasherDisposalMicrowave
Cooling
Central Air
Flooring
Vinyl
Heating
Other
Interior
Double VanityEat-in KitchenPantryLaminate Counters
Laundry Features
Inside
Window Features
Screens
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Exterior Features
Construction Details
OtherBlock
Fencing
Chain LinkWood
Roof
Composition
Spa Features
None
Windows/Doors
Screens
Community Features
Financing Terms Available
CashConventionalFHAVA Loan
School District
Phoenix Union High School District
Township
2N
Schools
School District
Phoenix Union High School District
Elementary School
Loma Linda Elementary School
Middle School
The Creighton Academy
High School
Camelback High School
Listing courtesy of DeLex Realty.
Neighborhood & Commute
Source: Walkscore
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