Residential Income

Mentone, IN Residential Income Properties for Sale

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Postal Office Building with Apartments
Updated: Aug 27, 2024
Postal Office Building with Apartments

102 W Main Street, Mentone, IN 46539

$180,000
0.15 AC lot
US Postal Office property with a lease that is easily transferable to a new owner.
New rubber roof installed in 2018.
Includes a leased efficiency apartment and a leased 1‑bedroom apartment.
Over 4,000 SF (+/-) of blank‑canvas second‑level space for additional apartments or commercial use (subject to town/county approval).
Central air cooling.
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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 1 Active listings in Mentone, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, 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.

Six-Unit Brick Multifamily Property
Six-Unit Brick Multifamily Property

316 S Washington Street, Warsaw, IN 46580

$360,000
2,836 sqft 0.20 AC lot

Six-unit brick multifamily with recent updates including new roof and LVP flooring, near downtown Warsaw.

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60-Unit Multifamily Apartment Community
60-Unit Multifamily Apartment Community

652 Northgate Circle, Rochester, IN 46975

$5,395,000
74,198 sqft

Northgate Apartments is a 60-unit multifamily community built in 1986 with studio, two-bedroom townhomes, and two-bedroom apartment units.

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Restaurant and Duplex in Rochester
Restaurant and Duplex in Rochester

201 E 9th St, Rochester, IN

Contact for pricing
5,162 sqft 1.14 AC lot

Well-maintained restaurant with duplex on 2.25 acres.

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Historic Mixed-Use Office Building
Historic Mixed-Use Office Building

123 W Center St, Warsaw, IN 46580

Contact for pricing
8,712 sqft

Historic building built in 1888 offers flexible C-4 commercial zoning with two existing apartments and ample on-street parking.

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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.

Land Parcel with Pond and Outbuildings
Land Parcel with Pond and Outbuildings

1825 & 1875 W Winona Avenue, Warsaw, IN 46580

$3,000,000
48.52 AC lot

Large land parcel within city limits, operating as a horse farm with two homes, outbuildings, and a pond.

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Horse Farm Acreage with Pond
Horse Farm Acreage with Pond

1825 & 1875 W Winona Avenue, Warsaw, IN 46580

$3,000,000
3,097 sqft 48.52 AC lot

48+ acre parcel with pond, two homes, and outbuildings in Warsaw for development or continued equestrian use.

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Residential Building Lot in Neighborhood
Residential Building Lot in Neighborhood

Lot #85 in Lamp Post Manor Estates Road lot: 85, Winona Lake, IN 46590

$40,000
0.41 AC lot

Build-ready residential lot offered with builder-provided floor plans and a defined building contract timeline.

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Residential Build Lot in Neighborhood
Residential Build Lot in Neighborhood

Lot #88 in Lamp Post Manor Estates Road lot: 88, Winona Lake, IN 46590

$40,000
0.38 AC lot

Build-ready residential lot with access to Route 30 and nearby community amenities in Lamp Post Manor.

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Off-Market Properties in Mentone, IN

Consider similar Off-Market properties in Mentone, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

401 Morgan St
MOBILE HOME PARK, TRAILER PARK

401 Morgan St, Mentone, IN 46539

Value Estimation by Request
264 sqft 0.77 AC lot
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6663 500th S
MOBILE HOME PARK, TRAILER PARK

6663 500th S, Mentone, IN 46539-9733

Value Estimation by Request
1,152 sqft 4.74 AC lot
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110 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

110 Main St, Mentone, IN 46539

Value Estimation by Request
3,879 sqft 0.08 AC lot
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301 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

301 Main St, Mentone, IN 46539

Value Estimation by Request
3,103 sqft 0.03 AC lot
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101 Broadway St
APARTMENT HOUSE (UNDER 5 UNITS)

101 Broadway St, Mentone, IN 46539

$615,000
Estimated value
7,902 sqft 0.15 AC lot
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Mentone, IN Residential Income Properties Market Trends and Statistics

Explore 6 residential income properties for sale in Mentone, IN on our real estate platform.

Sale prices for residential income properties in Mentone, IN average $180,000 — 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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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Duplexes 1
Multifamily properties 1

Demographics Overview

Population 2,570
Population Growth (5Y) +1.2%
Median Household Income $76,750
College Educated 10.5%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
46539 $180K

Taxes & Financing

Tax Rate (average for all types) 1.83%
Property Tax per SF $23.08 per SF
Tax Rate vs County Average 0.09 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kosciusko County

New Delisted

Total CRE Inventory on Market (SF)

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