$525,000
Phoenix, AZ 85016
MLS# 7020596
2 beds | 2 baths
1 / 18
Property Description
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
Details
Maps
Contract Information
List Price: $525,000
Status: Active
Current Price: $525,000
List Date: 2026-04-14
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1652
Compass: E
Street Name: INDIANOLA
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5960
Country: US
County Code: Maricopa
Assessor Number: 119-29-014
Subdivision: AVENEL PARK
Tax Year: 2025
General Property Description
Dwelling Type: Gemini/Twin Home
Dwelling Styles: Attached
Exterior Stories: 1
# of Interior Levels: 1
# Bedrooms: 2
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 1456
Price/SqFt: 360.58
Horses: N
Builder Name: Unknown
Year Built: 1930
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 9541
Approx Lot Acres: 0.219
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: No
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: Loma Linda Elementary School
Jr. High School: The Creighton Academy
High School: Camelback High School
Remarks Misc
Cross Street: 16th Street ns Indianola,
Directions: go East to 17th Street, go South to Indianola, go West to home.
Geo Lat: 33.492634
Geo Lon: -112.045334
Legal Info
Township: 2N
Range: 3E
Section: 27
Lot Number: 4
Basement
Basement Y/N: N
Parking Spaces
Carport Spaces: 1
Slab Parking Spaces: 2
Total Covered Spaces: 1
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Master Bathroom: Other (See Remarks)
Spa: None
Dining Area: Other (See Remarks)
Kitchen Features: None
Laundry: Other
Construction: Other
Const - Finish: Other (See Remarks)
Roofing: Composition
Cooling: Other
Heating: Other
Utilities: APS
Water Source: City Water
Sewer: Sewer - Public
Fencing: Other
Landscaping: None
Showing Notification Methods: Text
Lockbox Type: None
Possession: Close of Escrow
Association Fee Incl: No Fees
Existing 1st Loan: Other (See Remarks)
New Financing: Cash; Conventional
Disclosures: Other (See Remarks)
Listing Office: DeLex Realty
Last Updated: April - 29 - 2026
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