1656 E INDIANOLA Avenue, Phoenix, AZ 85016, Phoenix AZ 85016
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
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Phoenix
This property is offered at $338 per square foot, compared with a $259 median for active 3-bedroom homes in Phoenix. Its asking price falls near the 76th percentile of that active group. The comparison uses 2,619 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $381,250, and the median is $319 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1830 E CLARENDON Avenue, Phoenix, AZ 85016 | Sep 10, 2026 | 3 bd · 1,409 sqft | $400,000 | 0.2 mi |
| 1840 E CLARENDON Avenue, Phoenix, AZ 85016 | Apr 14, 2026 | 3 bd · 1,134 sqft | $360,000 | 0.2 mi |
| 4200 N 19TH Street, Phoenix, AZ 85016 | Apr 14, 2026 | 2 bd · 980 sqft | $315,000 | 0.4 mi |
| 4204 N 19TH Street, Phoenix, AZ 85016 | Apr 14, 2026 | 3 bd · 1,448 sqft | $362,500 | 0.4 mi |
| 3944 N 14TH Street, Phoenix, AZ 85014 | May 22, 2026 | 3 bd · 1,428 sqft | $545,000 | 0.4 mi |
| 3911 N 13TH Way, Phoenix, AZ 85014 | Jun 18, 2026 | 3 bd · 1,256 sqft | $478,000 | 0.4 mi |
| 4201 N 20TH Street 216, Phoenix, AZ 85016 | Jun 23, 2026 | 2 bd · 835 sqft | $250,000 | 0.5 mi |
| 2030 E WHITTON Avenue, Phoenix, AZ 85016 | May 4, 2026 | 3 bd · 1,474 sqft | $545,000 | 0.5 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $535,000 · Active
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