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
- Laundry
Exterior
- Parking and garage
- Other equipment
Systems
- Heating
- Cooling
- Utilities
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
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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