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1656 E Indianola Avenue, 
Phoenix, AZ 85016

$585,000

3

Beds

2

Baths

1,584

Sq Ft

Single Family

Active

Listed by

Jodi Wilcox

Delex Realty

602-910-3002

Last updated:

May 15, 2026, 02:51 PM

MLS#

7020588

Source:

ARMLS

About This Home

1656 E Indianola Avenue

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!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1944

Price Summary

585,000

$369 per Sq. Ft.

MLS #:

7020588

Last Updated:

May 15, 2026, 02:51 PM

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Interior

Living Area:

1,584 Sq. Ft.

Structure

Structure

Building Area:

1,584 Sq. Ft.

Year Built:

1944

Lot

Lot Size (Sq. Ft):

11,286

Finances & Disclosures

Finances

Price:

$585,000

Price per Sq. Ft:

$369 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.