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5918 Devington Road

Indianapolis, IN 46226
  • $2,740,000
  • STATUS: Pending
  • ON SITE: 80 Days
  • MLS #: 22096856
Under Contract
UPDATED: 60 min ago
$2,740,000
  • 0
    BEDS
  • 4.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:

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.

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© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Vision One Real Estate.

Based on information submitted to the MLS GRID as of 2026-07-21T15:26:01.763. All data is obtained from various sources and may not have been verified by broker or 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.
Click here for MLS GRID DMCA Notice
www.visiononerealestate.com/homes/175997809
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5918 Devington Road Indianapolis, IN 46226

  • Price: $2,740,000
  • Status: Pending
  • On Site: 80 Days
  • Updated: 60 min ago
  • MLS #: 22096856
0
Beds
0
Baths
0
½ Baths
4.24
Acres
Neighborhood:
4904 - Marion - Lawrence
County:
Marion
Area:
4904 - Marion - Lawrence
School District:
Lawrence Township
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.
Exterior Features

Levels Two Parking Features Detached Structure Type Apartment Building Unit Parking 1 Car GarageCoveredGuest Parking

Interior Features

Basement Partially Finished Basement YN Yes Building Area Total 41124 Cooling Central AirWall Unit(s)Window Unit(s) Heating BaseboardElectricHot Water

Property Features

Acres 3-5 Acres Building Information Storage Building Utilities SewerWater Current Use Apt>20 Dpr YN No Laundry Common LaundryConnections SomeIn Basement Multi Tenants Yes New Construction YN No Number Of Units Total 37 Other Equipment Smoke Alarm Owner Pays Garage/CarportInsuranceLawncareTaxesSewerTrash CollectionWater Possession Closing Property Sub Type Multi-Family 5+ Semi Annual Property Tax Amt 14657 Solid Waste Yes Space Available 41124 Tax Year 2025 Tenant Pays Cable TVElectricityGas Township Lawrence Transaction Type Sale Utilities Cable AvailableElectricity ConnectedSep Electric MeterSep Gas MeterSee Remarks Zoning ZO01

Listing provided courtesy of Encore Sotheby's International: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Vision One Real Estate.

Based on information submitted to the MLS GRID as of 2026-07-21T15:26:01.763. All data is obtained from various sources and may not have been verified by broker or 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.
Click here for MLS GRID DMCA Notice
 
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