MLS# 7020588 – 1656 E Indianola Avenue, Phoenix, AZ 85016

Price: $585,000
Beds: 3
Baths: 2
Living Area SqFt: 1,584
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.26
Lot Size SqFt: 11,286
Year Built: 1944
Neighborhood: Avenel Park
Days on Website: 3

Courtesy of DeLex Realty

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 and Features

  • Appliances & Equipment
  • “Dryer”
  • “Washer”
  • “Refrigerator”
  • “Built-in Microwave”
  • “Dishwasher”
  • “Disposal”
  • Bathrooms
  • 2 full bathrooms
  • 2 total bathrooms
  • Bedrooms
  • 3 total bedrooms
  • Building
  • Built in 1944
  • Living area: 1584
  • Construction materials: “Other”, “Block”
  • Cooling
  • “Central Air”
  • Fence
  • “Chain Link”
  • “Wood”
  • Floors
  • “Vinyl”
  • Home Owner’s Association
  • Association fee includes: “No Fees”
  • Interior Features
  • “Double Vanity”
  • “Eat-in Kitchen”
  • “Pantry”
  • “3/4 Bath Master Bdrm”
  • “Laminate Counters”
  • Laundry
  • “Inside”
  • Listing
  • Listing ID: 7020588
  • Standard status: Active
  • 15 days on market
  • Location
  • Subdivision name: AVENEL PARK
  • Lot
  • 0.26 acres
  • 11,286 sqft
  • “Dirt Front”
  • “Dirt Back”
  • Possession
  • “Subject To Tenant Rights”
  • Roof
  • “Composition”
  • Schools
  • Elementary school: Loma Linda Elementary School
  • High school: Camelback High School
  • High school district: Phoenix Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $2,699
  • Lot: 2
  • Windows
  • “Screens”

Property Map

$585,000 – 1656 E Indianola Avenue, Phoenix, AZ 85016

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.