1656 E INDIANOLA Avenue, Phoenix, AZ 85016

• 3 beds |
• 2 baths |
• 1,584 sqft

Property 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!

Listing Status:

Active

Date Added:

April 14, 2026

Data Last Updated:

April 30, 2026 at 7:06AM

Listing Office:

DeLex Realty : 602-910-3002

Listing Agent:

Jodi Wilcox : 480-577-5866

MLS ID:

7020588

Interior

• General: Double VanityEat-in KitchenPantry3/4 Bath Master BdrmLaminate Counters
• Laundry: Inside
• Flooring: Vinyl
• A/C: Central Air
• Heating: Other

Exterior

• General: None

Construction

• Roofing: Composition
• Windows: Screens
• General: OtherBlock

Location

• HOA Amenities: No Fees
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Creighton Elementary District
• County: Maricopa

Lot

• Zoning: 11929012A
• Fencing: Chain LinkWood

Utilities

• Water: City Water
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2