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5918 Devington Road

Indianapolis, IN 46226

PendingListed May 1, 2026 · 19 days on market

Key facts

Living area
41,124 sqft
Lot
4.24 acres
Type
Commercial Sale · Multi Family
Stories
Two
Garage
4 spaces
MLS #
22096856
County
Marion
Total building area
41,124 sqft

About this home

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.

Description provided by the listing brokerage.

Interior

Basement
Partially Finished
Laundry
Common LaundryConnections SomeIn Basement

Exterior

Parking and garage
Detached
Other equipment
Smoke Alarm

Systems

Heating
BaseboardElectricHot Water
Cooling
Central AirWall Unit(s)Window Unit(s)
Utilities
Cable AvailableElectricity ConnectedSep Electric MeterSep Gas MeterSee Remarks

Lot and HOA

Zoning
ZO01

Schools

School district
MSD Lawrence Township

Taxes

Estimated annual tax
$29,314 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$17,214per month, estimated
Principal and interest $13,812Property tax $2,443Insurance $959
20% · $548,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$2,740,000
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