5116 E Indiana Beach Road Monticello Monticello, IN 47960

Building Details

Year Built

1928

Listing date Jul 12, 2026

Source Kramerrealestategroup

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Investment Insights

Based on property information with market context.

This multi-unit residential income property consists of five separate buildings with seven rental units, plus a spacious main living quarters. The configuration provides a mix of rental accommodations and owner-occupied living space within the same investment footprint, supported by the property’s “hospitality and investment” presentation in the seller’s remarks.

The property is located at 5116 E Indiana Beach Road in Monticello, Indiana, and is described as being near Indiana Beach and Lake Shafer, along with nearby boating, fishing, and entertainment attractions.

As offered for sale, the asset is positioned for operational flexibility based on the existing unit and building layout noted in the listing materials.

Key Highlights

• Investment property at 5116 E Indiana Beach Road, Monticello, IN, built in 1928 with seven rental units across five separate buildings.
• Waterfront on Lake Shafer with 120 ft of water frontage and a pier/dock; lake access via Lake Shafer.
• 0.67‑acre lot (approx.) with lot size area 29,185 SF and lot dimensions 120x245.

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FAQs

What type of property is this?

Short term rental property - Investment property with seven rental units across five buildings, near Indiana Beach and Lake Shafer.

Where is this short term rental property located?

The property is located at 5116 E Indiana Beach Road Monticello Monticello, IN.

What is the asking price?

The asking price for this property is $649,000.

What are key features of this property?

This property features: Investment property at 5116 E Indiana Beach Road, Monticello, IN, built in 1928 with seven rental units across five separate buildings.; Waterfront on Lake Shafer with 120 ft of water frontage and a pier/dock; lake access via Lake Shafer.; 0.67‑acre lot (approx.) with lot size area 29,185 SF and lot dimensions 120x245.