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    Reynolds, IN Burnettsville, IN Monon, IN
    Waterfront Multifamily Resort Opportunity
    Updated: Feb 19
    Waterfront Multifamily Resort Opportunity

    4983 E Indiana Beach Rd, Monticello, IN 47960

    $4,500,000
    Waterfront property on Lake Shafer adjacent to Indiana Beach, offering strong seasonal tourism and recreational demand.
    Significant recent capital improvements, including ground‑up construction of 38 units and complete renovation of 17 units, minimizing deferred maintenance.
    In‑place income of $47,000 per month with 80% occupancy, providing immediate cash flow and a stabilized investment.
    Short‑term rental (STR) optionality provides potential for higher yields, supported by flexible unit layouts and strong tourism demand.
    Dock expansion potential with approvals in place to increase from 12 to 36 docks, creating additional revenue streams.
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    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Monticello, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft · 0.45 AC lot

    Three-building 14-unit apartment complex with ground-level entries and on-site laundry facilities.

    View details
    9-Unit Multifamily Investment
    9-Unit Multifamily Investment

    205 Michigan Avenue, Valparaiso, IN 46383

    $1,160,000
    9,246 sqft · 0.20 AC lot

    Well-maintained 9-unit property with studio through 3-bedroom layouts and a history of stable occupancy.

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    Charming Multifamily Property in Valparaiso
    Charming Multifamily Property in Valparaiso

    205 Michigan Avenue, Valparaiso, IN 46383

    $1,260,000
    9,246 sqft

    Well-maintained 9-unit property with diverse unit mix in Valparaiso.

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    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft

    Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details

    Monticello, IN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Monticello, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $4,500,000.

    Sale prices for two-family homes in Monticello, IN start at $4,500,000, averaging $4,500,000, and reaching up to $4,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 15K
    Population Growth (5Y) +5.2%
    Median Household Income $61,087
    College Educated 24.1%

    High-Yield Neighborhoods for Investment

    Identify Monticello submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47960 $4.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $33.92 per SF
    Tax Rate vs County Average 0.25 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in White County

    New Delisted

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