5918 Devington Rd

Indianapolis, IN 46226

$2,740,000
Price
—
Beds
—
Baths
41,124 Sq. Ft.
$67 / Sq. Ft.
41,124
Sq. Ft.
$67
per Sq. Ft.
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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...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.
  1. Listed by Jordan Herman • Encore Sotheby's International
    P: (317)-660-4444 jordan.herman@encoresothebysrealty.com

Property Details for 5918 Devington Road

Township
Lawrence
Zoning
ZO01
LISTING UPDATED: 05/02/2026 06:10 PM

Property Details for 5918 Devington Road

StatusActive
MLS #22096856
Days on Market4
Taxes$14,657 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size4.24 AC / 184,694 SF
CountyMarion County
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Location

Listing Courtesy of Encore Sotheby's International
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Building Information for 5918 Devington Road

Stories2Residences37Year Built-Building Size-Lot Size4.24 AC / 184,694 SF

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$16,240 per month

30 year fixed, 6.46% Interest

Principal and Interest

$13,797

Property Taxes

$2,443

HOA Dues

$0

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Property Information for 5918 Devington Road

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46226
  • Postal Code Plus4: 2375
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490710106006000400
  • Semi Annual Property Tax Amt: 14657
  • Tax Year: 2025
  • 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
  • TaxLot: -
School Information
  • School District: MSD Lawrence Township
Owner
  • Owner Pays: Garage/Carport, Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
Parking
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: 3-5 Acres
  • Building Information: Storage
  • Current Use: Apt>20
  • Lot Size Square Feet: 184348.0
  • Lot Size Acres: 4.24
  • New Construction: False
  • Stories: 2
  • Space Available: 41124
  • Structure Type: Apartment Building
  • Sq Ft Total: 41124.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: See attachments.
  • Photos Count: 32
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Building Utilities: Sewer,Water
  • Solid Waste: Yes
  • Utilities: Cable Available, Electricity Connected, Sep Electric Meter, Sep Gas Meter, See Remarks
Interior and Exterior Features
Interior Features
  • Basement Description: Partially Finished
  • Basement YN: Yes
  • Cooling: Central Air, Wall Unit(s), Window Unit(s)
  • Heating: Baseboard, Electric, Hot Water
  • Levels: Two
  • Additional Equipment: Smoke Alarm
  • Laundry Features: Common Laundry, Connections Some, In Basement
Multi Family
Multi-Family Information
  • Total Units: 37
  • Garage Parking: 1 Car Garage, Covered, Guest Parking
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Multi Tenants: Yes
  • Tenant Pays: Cable TV, Electricity, Gas

Property History for 5918 Devington Road

DateEvent & SourcePriceAppreciation
May 1, 2026

Listed (Active)

MIBORMLS #22096856

$2,740,000—
DateEvent & SourcePrice
05/01/2026

Listed (Active)

MIBORMLS #22096856

$2,740,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5918 Devington Road

Taxable ValueLand$31,200Additions$97,300Total$128,500
Tax Record2024$2,798 ($233 / month)
Home Facts
Total Finished SqFt5,844 SqFtAbove Grade Finished SqFt5,844 SqFtStories2Lot Size22,477 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningZO01CountyMARIONAPN49-07-10-106-006.000-400

Schools near 5918 Devington Road

This home is within M S D Lawrence Township.
Rating
School
Type
Grades
Distance
Skiles Test Elementary School
Public - PK to 6
Belzer Middle School
Public - 7 to 8
Lawrence Central High School
Public - 9 to 12
McKenzie Career Center
Public - 6 to 12
Rating
School
Distance
Skiles Test Elementary School
PublicPK to 6

Belzer Middle School
Public7 to 8

Lawrence Central High School
Public9 to 12

McKenzie Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5918 Devington Road, Indianapolis, IN 46226

5918 Devington Road is a multi-family home for sale in Indianapolis, IN 46226. This property was listed for sale on May 1, 2026 by Encore Sotheby's International, it's currently listed at $2,740,000. This listing's school district is M S D Lawrence Township. Nearby schools include Skiles Test Elementary School, Belzer Middle School and Lawrence Central High School. 5918 Devington Road is a 0-bed, 0-bath, 41,124 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Encore Sotheby's International

Based on information submitted to the MLS GRID as of 05/02/2026 06:10 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.