1652 E INDIANOLA Avenue, Phoenix, AZ 85016 - MLS #7020596

images$515,000 images4 Beds

images2 Bath images1,456 sqft images1930

imagesPending

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Description

Investor/developer opportunity in the heart of Phx. This 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. Home needs repairs.

Property Features
Special Listing Cond: N/A
Master Bathroom: Other (See Remarks)
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: None
Laundry: Other
Construction: Other
Const - Finish: Other (See Remarks)
Roofing: Composition
Cooling: Other
Heating: Other
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Fencing: Other
Landscaping: None
Showing Notification Methods: Text
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Other (See Remarks)
New Financing: Cash; Conventional
Disclosures: Other (See Remarks)
Contract Information
List Price: $515,000
Status: Pending
Current Price: $515,000
List Date: 2026-04-14
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1652
Compass: E
Street Name: INDIANOLA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5960
Country: US
County Code: Maricopa
Assessor Number: 119-29-014
Subdivision: AVENEL PARK
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Attached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 4
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1456
Price/SqFt: 353.71
Horses: N
Builder Name: Unknown
Year Built: 1930
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 9541
Approx Lot Acres: 0.219
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Loma Linda Elementary School
Jr. High School: The Creighton Academy
High School: Camelback High School
Remarks Misc
Cross Street: 16th Street ns Indianola,
Directions: go East to 17th Street, go South to Indianola, go West to home.
Geo Lat: 33.492634
Geo Lon: -112.045334
Status Change Info
Off Market Date: 2026-08-08
Under Contract Date: 2026-08-06
Legal Info
Township: 2N
Range: 3E
Section: 27
Lot Number: 4
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 1
Slab Parking Spaces: 2
Total Covered Spaces: 1
Showing Notification Methods
Showing Service: No Showing Service Used
DPR Eligible
DPR Eligible: Yes