$535,000
1656 E INDIANOLA Avenue
- Price per sqft
- $338/sqft
- Listed
- Apr 14, 2026
- Since listed
- 154 days
- Lot
- 11,286 sqft lot
Home highlights
- Single-story
- No HOA
About this home
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!
From ARMLS
Property details
Home & layout
- Property type
- Single Family Residence
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,584 sqft
- Year built
- 1944
- Stories
- Single-story
Interior
- Interior features
- Double Vanity, Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm, Laminate Counters
- Flooring
- Vinyl
- Laundry
- Inside
- Windows
- Screens
Systems & utilities
- Heating
- Other
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water source
- City Water
Lot, exterior & construction
- Lot size
- 11,286 sqft lot
- Lot features
- Dirt Front, Dirt Back
- Construction
- Other, Block
- Roof
- Composition
- Fencing
- Chain Link, Wood
- Spa
- None
Parking & access
- Garage
- 0 spaces
- Carport
- 2 spaces
- Covered parking
- 2 spaces
Community & lifestyle
- Subdivision
- AVENEL PARK
Location
Explore the neighborhood
1656 E INDIANOLA Avenue, Phoenix, AZ 85016
Map location is based on MLS coordinates. Verify the exact property location before visiting.
Schools
- Elementary
- Loma Linda Elementary School
- Middle
- The Creighton Academy
School assignments can change and are not guaranteed. Please verify enrollment directly with the district.
Listing information
- Status
- Active
- MLS number
- 7020588
- Listed
- Apr 14, 2026
- Last updated
- Aug 31, 2026, 10:10 AM MST
- County
- Maricopa
- Previous tracked price
- $585,000
- Verified price reduction
- $50,000 (8.6%)
- Price reduced
- Aug 31, 2026
- Tax year
- 2025
- Listing terms
- Cash, FannieMae (HomePath), Conventional, FHA, VA Loan
- Possession
- Subject To Tenant Rights
- Special conditions
- N/A
- Listing agent
- Jodi Wilcox
- Listing brokerage
- DeLex Realty
Listing courtesy of Jodi Wilcox, DeLex Realty.