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1652 E Indianola Avenue, 
Phoenix, AZ 85016

$515,000

2

Beds

2

Baths

1,456

Sq Ft

Single Family

Active

Listed by

Jodi Wilcox

Delex Realty

602-910-3002

Last updated:

May 16, 2026, 02:54 PM

MLS#

7020596

Source:

ARMLS

About This Home

1652 E Indianola Avenue

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

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1930

Price Summary

515,000

$353 per Sq. Ft.

MLS #:

7020596

Last Updated:

May 16, 2026, 02:54 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,456 Sq. Ft.

Structure

Structure

Building Area:

1,456 Sq. Ft.

Year Built:

1930

Lot

Lot Size (Sq. Ft):

9,541

Finances & Disclosures

Finances

Price:

$515,000

Price per Sq. Ft:

$353 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.