1656 E INDIANOLA Avenue, Phoenix, AZ 85016 (Sold on )

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$585,000

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3 BedBeds
2 BathBaths
1,584 SqftSqft
TypeSingle Family
Active
MLS# 7020588

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Property 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!

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Property Details 1656 E INDIANOLA Avenue, Phoenix, AZ 85016

Listing Courtesy of: DeLex Realty

General

MLS#: 7020588
Property Type: Single Family
Property Sub Type: Single Family Residence
List Date: 04/14/2026
Year Built: 1944
Subdivision: AVENEL PARK
County: Maricopa
Beds: 3
Full Bath: 2
Total Baths: 2
Tax Year: 2025
Annual Taxes: $2,699.00
Association Fee Includes: No Fees

Interior Features

Interior Features: Double Vanity, Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm, Laminate Counters
Flooring: Vinyl
Laundry: Inside
Spa: None

Schools

Elementary: Loma Linda Elementary School
Middle or Junior: The Creighton Academy
High: Camelback High School
School District: Creighton Elementary District

Structure

Roof: Composition
Construction Type: Other, Block

Size & Lot

Total Sq.Ft: 1,584
Acres: 0.26
Lot Size: 0.2600
Approx Lot SqFt: 11,286
Lot Features: Dirt Front, Dirt Back

Utilities

Cooling: Central Air
Heat Source: Other
Sewer: Public Sewer

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This calculator is provided for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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