1652 E Indianola Avenue
Phoenix, AZInvestor/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.
Active
- Price
- $ 485,000
- City
- Phoenix
- Bedrooms
- 4
- Full Bathrooms
- 2
- County
- MARICOPA
- Half Bathrooms
- 0
- Area
- Lot Size
- 0.22 Acres
- Zip
- 85016
- Sqr Footage
- 1,456
- Year Built
- 1930
- Taxes
- $ 2769
- Style
- Residential
- MLS#
- 7020596
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Gold Canyon, AZ office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 85016
In The Neighborhood
In The Neighborhood
- Type
- Single Family
- Size
- <span>1,584</span> SqFt
- Rooms
- <span>3</span> Beds + <span>2</span> Baths
Areas That We Cover
1652 E Indianola Avenue Phoenix, AZ is a Single Family Home for sale at $485000 with 1456 sqft and a lot size of 0.22 Acres Acre(s). 1652 E Indianola Avenue Phoenix has 4 bedrooms, 2 baths and was built in 1930. The property's zip code is 85016 which is in Phoenix, AZ
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.