$850,000

5925-5935 Devington Road, Indianapolis, IN 46226

  • 5,760 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon1.04acre lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $148/sqft
  • Property List Date Icon Listed 28 days ago

Property Description

Well-cared-for 8-unit multifamily property offering dependable income and long-term stability. Each unit features 2 bedrooms, 1 bath, and a detached one-car garage. The property is 100% occupied with long-term tenants and has been easy to own and manage. Current rents include 3 units at $900/month and 5 units at $950/month, with planned rent increases this year. Many updates have already been completed. Additional income potential exists through adding coin-operated laundry in the basement and creating or renting out storage space, offering a great opportunity for future upside. Ideal for an investor seeking a well-maintained, low-maintenance property with room to grow.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 7:19AM
Listing Office:
eXp Realty, LLC : 317-667-2702
Listing Agent:
Martha Hernandez : 317-667-2702
MLS ID:
22081197
  • Basement: Finished
  • A/C: Central Air
  • Heating: Forced Air
  • Parking: Detached
  • General: Two
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: 3305Devington Acres 1st Sec 0.516Ac Tract 15490710106020000400
  • Current Use: Apt<20
  • Utilities: Electricity ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Martha Hernandez , eXp Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Brook Park Elementary School

5259 David St, Indianapolis, IN, 46226

Grades 1-6

1.03 miles away

B

Belzer Middle School

7555 E 56th St, Indianapolis, IN, 46226

Grades 7-8

1.74 miles away

L

Lawrence Central High School

7300 E 56th St, Indianapolis, IN, 46226

Grades 9-12

1.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.