About This Home

This 3-bedroom, 2-bathroom single family at 1656 E INDIANOLA Avenue in Phoenix, AZ is listed for $535,000 ($338 per sqft). Built in 1944, the home offers 1,584 sqft of living space on a 0.26 acres lot.

Key Features

  • Built in 1944
  • 0.26 acre lot

Property Details

1 story
2 full
1944

Amenities

A/C
Listing 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!

Monthly Cost Estimate

$2,861/mo

20% down · 6.5% · 30 years

Principal$387
Interest$2,318
Insurance$156

Estimates only. Actual payments may vary.

Location

1656 E INDIANOLA Avenue

Phoenix, AZ 85016

AVENEL PARK

Features & Amenities

Interior Features

Double VanityEat-in KitchenPantry3/4 Bath Master BdrmLaminate Counters

Property Details

Flooring

Vinyl

Construction

Block

Cooling

Central Air

Appliances

DryerWasherRefrigeratorBuilt-in MicrowaveDishwasherDisposal

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1656 E INDIANOLA Avenue is listed at $535,000 ($338/sqft). The estimated monthly payment is $2,861 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1944, 0.26 acre lot. Interior Features: Double Vanity, Eat-in Kitchen, Pantry.

This property is listed by Jodi Wilcox.

JW

Jodi Wilcox

Agent at DPR Realty, LLC

Listed by DPR Realty, LLC · Broker phone: (480) 994-0800 · View on Broker Site · Broker website

MLS# 7020588· Source: Arizona Regional Multiple Listing Service, Inc.· 201 days on PropertySimple

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1656 E INDIANOLA Avenue, Phoenix, AZ 85016

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