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Kade Koch

kade@kadekochrealty.com +1(317) 697-7953

Listed by Martha Hernandez • eXp Realty, LLC

$ 850,000

Est. payment -/mo

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5925-5935 Devington RD Indianapolis, IN 46226

5,760 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,760 sqft

Price per Sqft $147

MLS Listing ID 22081197

Year Built 1966

Tax Year 2024

Lot Size 1.040 Acres

Acres 1.04

Property Sub-Type Multi-Family 5+

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.

Location

State IN

County Marion

Zoning 3305

Rooms

Basement Finished

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 4.0

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Story Two

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

SCHOOLSPROPERTIES

Elementary Schools 20

8

John Strange Elementary School

Public | KG - 5
5

George H Fisher School 93

Public | KG - 6
4

Kipp Indpls College Preparatory

Public | 5 - 8
4

Floro Torrence School 83

Public | KG - 6
4

Crestview Elementary School

Public | 1 - 6
2

Robert Lee Frost School 106

Public | KG - 8
2

Arlington Woods Elementary School

Public | KG - 6
2

Harrison Hill Elementary School

Public | 1 - 6
1

James Russell Lowell School 51

Public | PK - 6
1

Skiles Test Elementary School

Public | 1 - 6
1

Brook Park Elementary School

Public | 1 - 6
1

Hoosier Academy - Indianapolis

Public | KG - 12
1

Hoosier Academy Virtual Charter School

Public | KG - 12
1

George S Buck Elementary School

Public | KG - 6
0

Worthmore Academy

Private | KG - 12
0

Tindley Renaissance Academy

Public | KG - 3
0

Andrew Academy

Public | KG - 8
0

St Matthew Catholic School

Private | PK - 8
0

Greater Morning Star Preparatory Christian School

Private | PK - 6
0

St Lawrence Catholic School

Private | PK - 8

Middle Schools 3

4

Eastwood Middle School

Public | 6 - 8
4

Belzer Middle School

Public | 6 - 8
0

Arlington Community High School

Public | 7 - 12

High Schools 1

4

Lawrence Central High School

Public | 9 - 12

School and business data provided by Attom Data.

Kade Koch

Broker Associate

+1(317) 697-7953

Kade Koch

5925-5935 Devington RD Indianapolis, IN 46226

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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5925-5935 Devington RD