1652 E INDIANOLA Avenue, Phoenix AZ 85016
$485,000
Brokerage: Ivy Realty(623) 299-4954
1 / 21Home facts
- Price
- $485,000
- Status
- Active
- Beds
- 4
- Baths
- 2
- Living area
- 1,456 sq ft
- Lot
- 9,541 sq ft
- Year built
- 1930
- Type
- A · Single Family Residence
- Stories
- 1
- Pool
- No
- Water
- City Water
- Sewer
- Sewer - Public
- HOA
- None
- Subdivision
- AVENEL PARK
- MLS #
- 7020596
Listed by DeLex Realty · 602-910-3002
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Investor/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.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Other
Heating
Other
WaterSource
City Water
ConstructionMaterials
Other
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Aug 31, 2026 | Price | $515,000 → $485,000 |
| Aug 25, 2026 | Status | Pending → Active |
| Aug 8, 2026 | Status | Active → Pending |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1617 E EARLL Drive | Sep 29, 2026 | $335,000 | 3/2 | 1,371 | Coldwell Banker Realty |
| 4240 N LONGVIEW Avenue 9 | Sep 28, 2026 | $150,000 | 1/1 | 636 | My Home Group Real Estate |
| 4445 N Longview Avenue | Sep 27, 2026 | $400,000 | 2/1 | 994 | Dave Barber Realty, Inc. |
| 2240 E Whitton Avenue | Sep 24, 2026 | $860,000 | 4/3 | 3,189 | The Brokery |
| 4401 N 12TH Street 201 | Sep 23, 2026 | $108,000 | 1/1 | 563 | eXp Realty |
| 1624 E CAMPBELL Avenue 46 | Sep 21, 2026 | $255,000 | 2/2 | 852 | RETSY |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).