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● For sale

$515,000

1652 E INDIANOLA Avenue, Phoenix, AZ 85016

AVENEL PARK · Maricopa County

2 beds 2 baths 1,456 sqft 0.22 acres Built 1930 $354 /sqft No HOA

49 days on market

What's special

No HOA

Description

Investor/developer opportunity in the heart of Phoenix. This remodeled 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

Property details

Interior

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 2

Appliances

Laundry Features: Other

Heating and Cooling

Cooling Features: Other
Heating Features: Other

Other Interior

Stories: 1

Exterior

Exterior and Lot Features

Fencing: Other

Land Info

Lot Size Acres: 0.22
Lot Size Square Feet: 9,541

Garage and Parking

Carport Spaces: 1

Community

Homeowners Association

Association: No
Association Fee Includes: No Fees

Neighborhood

Subdivision: AVENEL PARK

Listing

Other Property Info

Annual Tax Amount: $2,769
Source Listing Status: Active
County: Maricopa
Directions: go East to 17th Street, go South to Indianola, go West to home.
Property Subtype: Single Family Residence
Parcel Number: 119-29-014
Postal City: Phoenix
Listing Date: 4/14/2026
MLS#: 7020596

Features

Building and Construction

Total Square Feet Living: 1,456
Year Built: 1930
Property Age: 96
Construction Materials: Other
Roof: Composition
Stories: 1
Living Area Source: Assessor

Utilities

Water Source: Public

Contact Us

Ask a question or schedule a showing

Listed by Jodi Wilcox DeLex Realty

Listing updated: May 18, 2026

MLS#: 7020596

Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.