5918 Devington Road, Indianapolis, IN 46226

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$2,740,000
MLS#
22096856
Property Type
Commercial Sale
Sqft. of Residence
41,124
Days on Market
139
Status
PENDING

Property Description

Rare opportunity to acquire a professionally managed, income-producing multi-family portfolio on Indianapolis' east side. The Devington Acres Portfolio comprises 8 buildings and 37 residential units, offering an investor immediate scale, built-in diversification, and operational efficiency from day one. Featuring a mix of predominantly two-bedroom units and some one-bedroom units, generating strong gross scheduled rent across the portfolio. Units are well-maintained with ongoing updates, making this a true turnkey acquisition. Located in a well-established neighborhood with consistent rental demand at attainable price points, the portfolio includes private parking, on-site and in-unit laundry across various buildings, garage income at select properties, and utility reimbursement structures that help offset owner-paid expenses. Whether you're an experienced portfolio investor or looking to scale quickly, Devington Acres delivers the infrastructure, cash flow, and professional oversight to support your goals from closing day forward. Offered as one complete investment package. Financials and due diligence materials available upon request.

Additional Information

Basement
Partially Finished
Stories
Two
Equipment
Smoke Alarm
Acres
4.24
Heat
Baseboard, Electric, Hot Water
Cooling
Central Air, Wall Unit(s), Window Unit(s)
Region
Lawrence

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Encore Sotheby's International.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative