5918 Devington Road, Indianapolis, IN 46226

$2,740,000
41,124
SqFt

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List Price
$2,740,000
MLS#
22096856
Property Type
Commercial Sale
Sqft. of Residence
41,124
Days on Market
179
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

Listing courtesy of Jordan Herman. Encore Sotheby's International

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.