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Listed by Jordan Herman • Encore Sotheby's International
$ 2,740,000
Est. payment /mo
Active
5918 Devington RD Indianapolis, IN 46226
41,124 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 41,124 sqft
Price per Sqft $66
MLS Listing ID 22096856
Tax Year 2025
Lot Size 4.240 Acres
Acres 4.24
Property Sub-Type Multi-Family 5+
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.
Location
State IN
County Marion
Zoning ZO01
Rooms
Basement Partially Finished
Interior
Heating Baseboard, Electric, Hot Water
Cooling Central Air, Wall Unit(s), Window Unit(s)
Equipment Smoke Alarm
Fireplace N
Exterior
Garage Spaces 4.0
Utilities Available Cable Available, Electricity Connected, Sep Electric Meter, Sep Gas Meter, See Remarks
Building
Story 2
New Construction false
Schools
School District Msd Lawrence Township
Others
Virtual Tour https://bcove.video/4tG2bu9
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