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1504 E INDIANOLA Avenue Phoenix, AZ $ 1,999,999
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1504 E INDIANOLA Avenue
$ 1,999,999
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1504 E INDIANOLA Avenue

Phoenix, AZ, 85014
$ 1,999,999
Baths0.0

Monthly Estimate*

$ 12,314

1504 E INDIANOLA Avenue, Phoenix, AZ 85014 - Image 1
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1504 E INDIANOLA Avenue, Phoenix, AZ 85014 - Image 3
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1504 E INDIANOLA Avenue, Phoenix, AZ 85014 - Image 8
Studio

Multi-Family Home for sale in Phoenix, AZ

for $1,999,999. This home was built in 1981.

Centrally located in Midtown Phoenix, the Indianola Townhomes (the property) is a 7 unit townhome community consisting of 2bed/1.5bath units. These units are professionally renovated with stainless steel appliances, shaker cabinets, and wood plank flooring. This income producing asset is a fantastic opportunity for an investor looking to acquire a stable property.

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Multi-Family Active

Price

$ 1,999,999

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,411

Style

Multiple Dwellings

Year Built

1981

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6925215
Features
General
Sewer Public Sewer
Heating Individual Ceiling
Cooling Central Air Ceiling Fan(s) Electric Individual
Roof Foam Rolled/Hot Mop
Zoning R-3
Construction Materials Wood Frame Painted Stucco Block
Year Built 1981
Electric SRP
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 137595.15
Community Features No Pool
County Maricopa
Net Operating Income 114240.0
Operating Expense 4411.0
Property Type Multiple Dwellings
Attached Garage N
Subdivision Name DUNDEE
Garage Y/N N
Status Active
Directions South on 16th Street West on Indianola to property on Northeast corner of 15th Street and Indianola.
City Phoenix
Disclosures None
High School District Phoenix Union High School District
Open Parking Spaces 7.0
Number Of Units Total 7
Carport Y/N N
Tax Annual Amount 4411.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Osborn Elementary District
Tax Lot 1
Cap Rate 5.71
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Interior
Flooring Carpet Ceramic Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Parking Features None
Water Source City Franchise
Total Parking 14.0
Number of Buildings 1
Spa N
Lot Dimensions 63' x 315'
Covered Spaces 7.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1504
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* Excluded Features
List By
Orion Investment Real Estate

Broker

jackson.everhart@orionprop.com

Email

Affordability Calculator

$12,682
Per Month
97%
3%
0%
Monthly Principal & Interest
$12,314
Monthly Property Taxes
$368
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
4327165 Elementary School
4327058 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/19/2025$1,999,999 0.00% Price Down
9/26/2025$2,000,000 Listed Price

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1504 E INDIANOLA Avenue, Phoenix, AZ, 85014 is a Multi-Family Home for sale at $1,999,999. 1504 E INDIANOLA Avenue is a studio with 0.0 baths and was built in 1981. The property's zip code is 85014 which is in Phoenix, AZ

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