5918 Devington Road Indianapolis, IN $ 2,740,000
5918 Devington Road
$ 2,740,000
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5918 Devington Road

Indianapolis, IN, 46226
$ 2,740,000
Bedrooms-- Baths-- Sq 41,124

Monthly Estimate*

$ 18,924

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Commercial Property for sale in Indianapolis, IN

for $2,740,000. This 41,124 square foot building was built on a lot size of 4.24.

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.

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Commercial Pending

Price

$ 2,740,000

Property Type

Commercial

Taxes

$ 29,314

Style

Multi Family

Lot Size

4.24

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22096856

Features
General
Heating Baseboard Electric Hot Water
Cooling Central Air Wall Unit(s) Window Unit(s)
Utilities Cable Available Electricity Connected Sep Electric Meter Sep Gas Meter See Remarks
Possession Closing
Zoning ZO01
Garage Spaces 4
Tenant Pays Cable TV Electricity Gas
Stories Count 2
Township Lawrence
Levels Two
Property Subtype Multi Family
Tax Year 2025
Current Use Apt>20
Additional Parcels Description 49-07-10-106-037.000-400 49-07-10-106-036.000-400 49-07-10-106-038.000-400 49-07-10-106-009.000-400 49-07-11-102-022.000-401 49-07-10-106-026.000-400 49-07-10-106-007.000-400
County Marion
New Construction N
Property Type Commercial Sale
Status Pending
Directions GPS Friendly
City Indianapolis
High School District MSD Lawrence Township
Number Of Units Total 37
MLS Area 4904 - Marion - Lawrence
Lot Size Square Feet 184348
Additional Parcels Y/N Y
Virtual Tour https://bcove.video/4tG2bu9 https://www.sothebysrealty.com/encoresir/eng/extraordinary-videos?videoId=6394341121112
Structure Type Apartment Building
Standard Status Pending
Tax Lot -
Legal Description See attachments.
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Interior
Basement Partially Finished
Basement (Y/N) Y
Laundry Features Common Laundry Connections Some In Basement
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Exterior
Parking Features Detached
Building Area Total 41124
Lot Size Acres 4.24
Other Equipment Smoke Alarm
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* Excluded Features
List By
Encore Sotheby's International

Broker

jordan@hoosierpropertypartners.com

Email

Affordability Calculator

$21,367
Per Month
89%
11%
0%
Monthly Principal & Interest
$18,924
Monthly Property Taxes
$2,443
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045016 Elementary School
4045011 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2026$2,740,000 Listed Price

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5918 Devington Road, Indianapolis, IN, 46226 is a Commercial Property for sale at $2,740,000 with 41,124 sqft and a lot size of 4.24. The property's zip code is 46226 which is in Indianapolis, IN