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
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Monthly Payment (Est.)
$2,3958 hours ago Listing updated with changes from the MLS® 8 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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$525,000
New Listing
1652 E INDIANOLA Avenue
Phoenix, AZ 85016
For Sale|Single Family Residence|Active
2
Beds
2
Total Baths
2
Full Baths
1,456
SqFt
$361
/SqFt
1930
Built
Subdivision:
AVENEL PARK
County:
Maricopa
Call Now: 602-513-2590
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Listing Snapshot
Price
$525,000
Days On Site
0 Days
Bedrooms
2
Inside Area (SqFt)
1,456 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.22 Acres
Year Built
1930
MLS® Number
7020596
Status
Active
Property Tax
$2,769
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
Recent Activity
General Features
Acres
0.22
Carport
1
Cross Street
16th Street ns Indianola,
Disclosures
Other (See Remarks)
Land Lease
No
Number Of Stories
1
Parking Spaces
2
Property Sub Type
Single Family Residence
Sewer
Public Sewer
Water Source
Public
Interior Features
Cooling
Other
Heating
Other
Laundry Features
Other
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Exterior Features
Construction Details
Other
Fencing
Other
Roof
Composition
Spa Features
None
Community Features
Financing Terms Available
CashConventional
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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