5918 Devington Road, Indianapolis, IN 46226
  • $2,740,000
  • $2,740,000

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.

  • Address: 5918 Devington Road
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46226

Details

Updated on May 1, 2026 at 2:55 pm
  • Property ID 22096856
  • Price $2,740,000
  • Property Size 41124 Sqft
  • Land Area 4.24 Acres
  • Garages 4
  • Garage Size x x
  • Property Type Multi-Family 5+, Commercial Sale
  • Property Status Active

Additional details

  • Utilities Cable Available,Electricity Connected,Sep Electric Meter,Sep Gas Meter,See Remarks
  • Cooling Central Air,Wall Unit(s),Window Unit(s)
  • Heating Baseboard,Electric,Hot Water
  • County Marion
  • Property Type Commercial Sale
  • Parking Detached

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Preeti Chaggar

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