About This Home
This 4-bedroom, 2-bathroom single family at 1652 E INDIANOLA Avenue in Phoenix, AZ is listed for $485,000 ($333 per sqft). Built in 1930, the home offers 1,456 sqft of living space on a 0.22 acres lot.
Key Features
- Built in 1930
- 0.22 acre lot
Property Details
Amenities
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.
Monthly Cost Estimate
$2,594/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1652 E INDIANOLA Avenue
Phoenix, AZ 85016
AVENEL PARK
Questions & Answers
This 4-bedroom, 2-bathroom single family at 1652 E INDIANOLA Avenue is listed at $485,000 ($333/sqft). The estimated monthly payment is $2,593 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1930, 0.22 acre lot.
This property is listed by Jodi Wilcox and can be reached at 4805775866.
