1656 E INDIANOLA Avenue, Phoenix AZ 85016
$535,000
Brokerage: Ivy Realty(623) 299-4954
1 / 26Home facts
- Price
- $535,000
- Status
- Active
- Beds
- 3
- Baths
- 2
- Living area
- 1,584 sq ft
- Lot
- 11,286 sq ft
- Year built
- 1944
- Type
- A · Single Family Residence
- Stories
- 1
- Pool
- No
- Water
- City Water
- Sewer
- Sewer - Public
- HOA
- None
- Subdivision
- AVENEL PARK
- MLS #
- 7020588
Listed by DeLex Realty · 602-910-3002
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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!
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Central Air
Heating
Other
Flooring
Vinyl
WaterSource
City Water
InteriorFeatures
Double Vanity, Eat-in Kitchen, Pantry, 3/4 Bath Master Bdrm, Laminate Counters
ConstructionMaterials
Other, Block
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Aug 31, 2026 | Price | $585,000 → $535,000 |
| 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).