37-Unit Apartment
For Sale
$2,740,000
Pending
5918 Devington Road, Indianapolis, IN 46226
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size4.24 Acres
Days on Market141
Property Features for 5918 Devington Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
ZO01
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Basement
Partially Finished
Elementary school district
MSD Lawrence Township
Middle school district
MSD Lawrence Township
High school district
MSD Lawrence Township
Directions
GPS Friendly
Subdivision
4904 - Marion - Lawrence
Standard status
Pending
APN
490710106006000400
Lot size
4.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
See attachments.
Tax Annual Amount
29314
Legal Description
See attachments.
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Electric (Heating), Baseboard
Cooling system
Wall Unit(s), Window Unit(s), Central Air
Amenities
private parking
on-site and in-unit laundry
Building Details
Floors in Building
2
Number of units
37
Listing Agency:
Encore Sotheby's International · Sotheby's International Realty
(317) 660-4444
Listed By:
Jordan Herman · License #RB17001145
(317) 401-0003
Added: May 1
Changed: Sep 17
Last Checked: Sep 18 at 6:06PM
MLS# 22096856
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily offering includes 8 buildings and 37 residential units across 4.24 acres. The apartment mix is predominantly two-bedroom units with some one-bedroom layouts. Property features include private parking, laundry facilities located on site and within units at various buildings, and select garages that generate additional income. Heating systems include hot water, electric, and baseboard service, while cooling is provided through wall units, window units, and central air. Cable is available, and the property is zoned ZO01.
The portfolio is located at 5918 Devington Road in Indianapolis, within Marion County and ZIP Code 46226. The offering is structured as one complete package, with utility reimbursement arrangements applying across the properties where specified.
The portfolio is located at 5918 Devington Road in Indianapolis, within Marion County and ZIP Code 46226. The offering is structured as one complete package, with utility reimbursement arrangements applying across the properties where specified.
Key Highlights
- 8 buildings containing 37 residential units
- 4.24‑acre multifamily property
- Unit mix is predominantly two‑bedroom apartments with some one‑bedroom units
Property Analytics
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Current Use
Lease Details
37
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
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Business Placement
Demographics for 46226, IN
43,997
Population
21,380
Households
2.1
Avg Household Size
35
Median Age
24%
College-Educated
81%
High-School Grad
14.8 sq mi
ZIP Area
2,973
Density / Sq Mi
$47,086
Median Household Income
$34,225
Median Earnings
$1,045
Median Rent
$148,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-building residential property with private parking, varied laundry amenities, and a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 5918 Devington Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,740,000.
What are key features of this property?
This property features: 8 buildings containing 37 residential units; 4.24‑acre multifamily property; Unit mix is predominantly two‑bedroom apartments with some one‑bedroom units
