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Courtesy of DeLex Realty, Jodi Wilcox Listing Contact: 480-577-5866 
3 Beds
2 Baths
1,584 sqft

$535,000

1656 E INDIANOLA Avenue, Phoenix AZ, 85016

Price per sqft$337.75
Built in1944
Property size1,584 sqft
Property typeResidential

Overview

Active

Listed Apr 14, 2026

Updated Sep 1

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!

$3,559/mo

Est. mortgage payment based on a $535,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7020588

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$2,699
Tax Frequency
Annually

Courtesy of DeLex Realty, Jodi Wilcox

Listing Contact: 480-577-5866 

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Data Last Updated: 4:44 AM UTC, 9/1/2026.

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