1656 E INDIANOLA Avenue, Phoenix, AZ 85016 (MLS# 7020588)

1656 E INDIANOLA Avenue, Phoenix, AZ 85016

$535,000

Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,584 Lot Size (sq. ft.): 11,286 Status: Active

Current Price: $535,000 Last Modified: 8/31/2026

Overview

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!

Listing Details MLS# 7020588

Location, Tax & Legal

House Number: 1656
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: 119-29-012-A
Subdivision: AVENEL PARK
Tax Year: 2025

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1584
Price/SqFt: 337.75
Horses: N
Builder Name: Unknown
Year Built: 1944
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 11286
Approx Lot Acres: 0.259
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 Steet and Indian School,
Directions: go East to 17th Street, go South to Indianola, go West to property.

Legal Info

Township: 2N
Range: 3E
Section: 27
Lot Number: 2

Basement

Basement Y/N: N

More Information

Parking Spaces

Carport Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2

Showing Notification Methods

Showing Service: No Showing Service Used

DPR Eligible

DPR Eligible: Yes

Property Features

Special Listing Cond: N/A Master Bathroom: 3/4 Bath Master Bdrm; Double Vanity; Other (See Remarks) Flooring: Vinyl Window Features: Screens Spa: None Dining Area: Eat-in Kitchen; Dining in LR/GR; Other (See Remarks) Kitchen Features: Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Laminate Counters Laundry: Washer Included; Dryer Included; Inside Road Access Type: Alley Construction: Block; Other Const - Finish: Other (See Remarks) Roofing: Composition Cooling: Central Air Heating: Other Utilities: APS Water Source: City Water Sewer: Sewer - Public Fencing: Wood; Chain Link Landscaping: Dirt Front; Dirt Back Showing Notification Methods: Text Lockbox Type: Other Possession: Subject To Tenant Rights Association Fee Incl: No Fees Existing 1st Loan: Other (See Remarks) New Financing: Cash; VA; FHA; Conventional; FannieMae (HomePath) Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: DeLex Realty

Last Updated: August - 31 - 2026