1656 E Indianola AvenuePhoenix, AZ 85016

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!

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1944

Stories

1

Living area

1,584 Sq Ft

Lot size

0.26 acres

Parking spaces

2

Days on market

171

Listing #

7020588

Property Features

Interior

Double Vanity · Eat-in Kitchen · Pantry · Laminate Counters

Appliances

Dishwasher · Disposal · Refrigerator · Microwave · Washer · Dryer

Cooling

Central Air

Heating

Other

Flooring

Vinyl

Laundry

Inside

Fencing

Wood · Chain Link

Construction

Block · Other

Roof

Composition

Windows

Screens

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Loma Linda Elementary School

Middle

The Creighton Academy

High

Camelback High School

Financial Details

HOA

None

Annual taxes

$2,699Tax year 2025

Parcel number

119-29-012-A

Directions

go East to 17th Street, go South to Indianola, go West to property.