1656 E Indianola Avenue, Phoenix, AZ 85016
- $585,000
- 3
- BD
- 2
- BA
- 1,584
- SqFt
- List Price
- $585,000
- Days on Market
- 106
- Status
- ACTIVE
- MLS#
- 7020588
- City
- Phoenix
- Bedrooms
- 3
- Bathrooms
- 2
- Living SQFT
- 1,584
- Lot Size
- 11,286
- Subdivision
- Avenel Park
- Year Built
- 1944
- Type
- Single Family Residence
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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Additional Information
- Elementary School
- Loma Linda Elementary School
- High School
- Camelback High School
- Middle School
- The Creighton Academy
- Acres
- 0.26
- Assoc Fee Includes
- No Fees
- Builder Name
- Unknown
- Construction
- Block, Other
- Cooling
- Central Air
- Fencing
- Wood, Chain Link
- Flooring
- Vinyl
- Heating
- Other
- Laundry
- Inside
- Living Area
- 1,584
- Lot Size
- 11,286
- New Financing
- Cash, VA Loan, FHA, Conventional, FannieMae (HomePath)
- Lot Features
- Dirt Front, Dirt Back
- Roofing
- Composition
- Spa
- None
- Stories
- 1
- Subdivision
- Avenel Park
- Taxes
- $2,699
- Tax Year
- 2025
- Water
- Public
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Listing courtesy of Delex Realty.
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.