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7-Unit Townhome-Style Apartment Building
For Sale
Contact for pricing
Pending

1504 E Indianola Ave, Phoenix, AZ 85014

Two-bedroom residences offer private patios, tile flooring, in-suite laundry, and durable Formica countertops.

Property SizeContact for details
Days on Market146

Property Features for 1504 E Indianola Ave

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Utilities to Site Yes

Units

Unit Mix 7 x 2BR/1.5BA
Multifamily Units 7

Additional Details

Average Monthly Rent $1,225

Amenities

private back patios
in-suite washers & dryers

Building Details

Year Built 1981
Construction townhome style
Listing Agency: CBRE - Phoenix
Listed By: Brian Tranetzki · License #BR581404000
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 8:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix

Investment Insights

Based on property information with market context.

This 7-unit apartment community features a townhome-style layout with two-bedroom, one-and-a-half-bath residences measuring 968 square feet each. Constructed in 1981 with stucco and wood-frame construction, pitched roofs, and a concrete foundation, the property includes private back patios, tile flooring, in-suite washers and dryers, and Formica countertops. Electricity is individually metered for each unit.

The property is located at 1504 E Indianola Ave in Phoenix, south of Indian School Road and west of 16th Street. US Route 51, Interstate 10, and Interstate 17 are situated nearby, providing access across the metro area. Phoenix Childrens Hospital is 1.3 miles away, while the Biltmore shopping district and the Financial District near 24th Street and Camelback are approximately 2 miles from the property.

Key Highlights

  • 7‑unit townhome‑style apartment community at 1504 E Indianola Ave, Phoenix, AZ 85014
  • Seven 968‑square‑foot units, each with two bedrooms and one and a half bathrooms
  • Private back patios, tile flooring, in‑suite washers and dryers, and Formica countertops

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Florist Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,509
Businesses Nearby

Demographics for 85014, AZ

26,381
Population
14,778
Households
1.8
Avg Household Size
37
Median Age
43%
College-Educated
90%
High-School Grad
4.0 sq mi
ZIP Area
6,595
Density / Sq Mi
$69,995
Median Household Income
$48,465
Median Earnings
$1,339
Median Rent
$447,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-bedroom residences offer private patios, tile flooring, in-suite laundry, and durable Formica countertops.
Where is this apartment building located?
The property is located at 1504 E Indianola Ave Phoenix, AZ.
What are key features of this property?
This property features: 7‑unit townhome‑style apartment community at 1504 E Indianola Ave, Phoenix, AZ 85014; Seven 968‑square‑foot units, each with two bedrooms and one and a half bathrooms; Private back patios, tile flooring, in‑suite washers and dryers, and Formica countertops
(602) 435-3636 Call to check price and availability
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