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About This Home
This 2-bedroom, 2-bathroom townhouse at 1652 E INDIANOLA Avenue in Phoenix, AZ is listed for $525,000 ($361 per sqft). Built in 1930, the home offers 1,456 sqft of living space on a 0.22 acres lot.
Investor/developer opportunity in the heart of Phoenix. This remodeled 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
Key Features
- Built in 1930
- 0.22 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1652 E INDIANOLA Avenue
Phoenix, AZ 85016
AVENEL PARK
Questions & Answers
This 2-bedroom, 2-bathroom townhouse at 1652 E INDIANOLA Avenue is listed at $525,000 ($361/sqft). The estimated monthly payment is $2,275 based on 20% down at 6.5% interest.
Key features include: Built in 1930, 0.22 acre lot.
This property is listed by Jodi Wilcox and can be reached at 4805775866 or jodisellmyhome@gmail.com.
