8-Unit Single-Story Rental
For Sale
Contact for pricing
4986 E INDIANA BEACH RD, Monticello, IN 47960
Renovated studio accommodations include kitchenettes, updated bathrooms, and individual heating and cooling systems.
Property Size2,448 SF
Price / SF$204.25
Days on Market13
Property Features for 4986 E INDIANA BEACH RD
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Multifamily, Hospitality
Occupancy
80%
Net Operating Income
$52,932
Units
Unit Mix
8 x studio
Multifamily Units
8
Additional Details
Asking Price
$500,000
Building Details
Year Built
1945
Year Renovated
2025
Buildings
1
Stories
1
Units
8
Listing Agency:
Ellsbury Group
(260) 615-9248
Listed By:
Lane Moser · License #RB19000138
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ellsbury Group
Investment Insights
Based on property information with market context.
This 2,448-square-foot, single-story property contains eight open-plan studio units configured for weekly rentals. The building operates under one roofline and includes on-site gravel parking. Individual accommodations feature kitchenettes, shaker-style cabinetry, stainless appliances, LVP flooring, updated bathrooms, and window or mini-split AC/heat. The property was built in 1945 and has renovated interiors.
Located at 4986 E Indiana Beach Rd in Monticello, Indiana, the property sits directly across from the Indiana Beach boardwalk and near private docks on Lake Shafer. Its setting places the studios within an established lakefront and amusement-area rental corridor. The compact layout and shared building configuration provide a straightforward physical setup for short-term rental operations.
Located at 4986 E Indiana Beach Rd in Monticello, Indiana, the property sits directly across from the Indiana Beach boardwalk and near private docks on Lake Shafer. Its setting places the studios within an established lakefront and amusement-area rental corridor. The compact layout and shared building configuration provide a straightforward physical setup for short-term rental operations.
Key Highlights
- Eight studio units within a 2,448‑square‑foot building
- Single‑story layout with one roofline and on‑site gravel parking
- Across from the Indiana Beach boardwalk
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 47960, IN
15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated studio accommodations include kitchenettes, updated bathrooms, and individual heating and cooling systems.
Where is this short term rental property located?
The property is located at 4986 E INDIANA BEACH RD Monticello, IN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Eight studio units within a 2,448‑square‑foot building; Single‑story layout with one roofline and on‑site gravel parking; Across from the Indiana Beach boardwalk
