$485,000
1652 E INDIANOLA Avenue
- Price per sqft
- $333/sqft
- Listed
- Apr 14, 2026
- Since listed
- 154 days
- Lot
- 9,541 sqft lot
Home highlights
- Single-story
- No HOA
About this home
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.
From ARMLS
Property details
Home & layout
- Property type
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 1,456 sqft
- Year built
- 1930
- Stories
- Single-story
Interior
- Laundry
- Other
Systems & utilities
- Heating
- Other
- Cooling
- Other
- Sewer
- Public Sewer
- Water source
- City Water
Lot, exterior & construction
- Lot size
- 9,541 sqft lot
- Lot features
- None
- Construction
- Other
- Roof
- Composition
- Fencing
- Other
- Spa
- None
Parking & access
- Garage
- 0 spaces
- Carport
- 1 spaces
- Covered parking
- 1 spaces
Community & lifestyle
- Subdivision
- AVENEL PARK
Location
Explore the neighborhood
1652 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
- 7020596
- Listed
- Apr 14, 2026
- Last updated
- Aug 31, 2026, 10:09 AM MST
- County
- Maricopa
- Previous tracked price
- $515,000
- Verified price reduction
- $30,000 (5.8%)
- Price reduced
- Aug 31, 2026
- Tax year
- 2025
- Listing terms
- Cash, Conventional
- Possession
- Close of Escrow
- Special conditions
- N/A
- Listing agent
- Jodi Wilcox
- Listing brokerage
- DeLex Realty
Listing courtesy of Jodi Wilcox, DeLex Realty.