Jim Sobek

1652 E Indianola Avenue

Phoenix, AZ
$ 485,000 Beds 4 Baths 2 Sq 1,456
Monthly Estimate* How much can I afford?

Investor/developer opportunity in the heart of Phx. This 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. Home needs repairs.

Active

  • Price
  • $ 485,000
  • City
  • Phoenix
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • MARICOPA
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.22 Acres
  • Zip
  • 85016
  • Sqr Footage
  • 1,456
  • Year Built
  • 1930
  • Taxes
  • $ 2769
  • Style
  • Residential
  • MLS#
  • 7020596
Listed By: DeLex Realty; 602-910-3002
Data Source: Arizona Regional MLS (ARMLSN)

Features

General

Sewer Public Sewer
Heating Other
Cooling Other
Possession Close Of Escrow
Roof Composition
Garage Spaces 0.0
Association Fee Includes No Fees
Construction Materials Other
Year Built 1930
Township 2N
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
County Maricopa
New Construction No
Property Type Residential
HOA No
Subdivision Name AVENEL PARK
Special Listing Conditions N/A
Status Active
Directions go East to 17th Street,go South to Indianola,go West to home.
High School Camelback High School
City Phoenix
Disclosures Other (See Remarks)
High School District Phoenix Union High School District
Open Parking Spaces 2.0
Lot Size Units Square Feet
Lot Size Square Feet 9541.0
Carport Spaces 1.0
Carport Y/N No
Spa Features None
Elementary School Loma Linda Elementary School
Property Attached Y/N Yes
Land Lease Y/N No
Tax Annual Amount 2769.0
Home Warranty Y/N No
Current Financing Other
Middle/Junior High School The Creighton Academy
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Builder Name Unknown
Standard Status Active
Occupancy Type Tenant
Elementary School District Creighton Elementary District
Tax Lot 4
MobileHomeRemainsYN No
New Financing: Conventional True
Senior Community No
Ttl Monthly Fee Equiv 0.0
New Financing Cash True

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Laundry Features Other
Total Bedrooms 4
LivingAreaSource Assessor
Total Baths 2
Bedrooms Possible 4
None True

Exterior Features

Fencing Other
Lot Features None
Water Source Public
Lot Size Area 9541.0
Spa No
Lot Size Acres 0.22
Lot Size Source Assessor
Waterfront Y/N No
Covered Spaces 1.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Gold Canyon, AZ office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Loma Linda Elementary School
Middle School The Creighton Academy Middle School
High School Camelback High School

Price History

4/29/2026 Listed $525,000
5/15/2026 2% - $515,000
8/31/2026 6% - $485,000

Property vs Zip Code Average in 85016

Price
AVG $1.31M
$490K
Taxes
AVG $5,149
$2,769
Year Built
AVG 1973
1930
Visits
AVG 140
408
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1652 E Indianola Avenue Phoenix, AZ is a Single Family Home for sale at $485000 with 1456 sqft and a lot size of 0.22 Acres Acre(s). 1652 E Indianola Avenue Phoenix has 4 bedrooms, 2 baths and was built in 1930. The property's zip code is 85016 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Jim Sobek

Jim Sobek

480-980-1300

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy