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    Monticello, IN Residential Income Properties for Sale

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    Lakefront Multi-Purpose Property
    Updated: Dec 12, 2025
    Lakefront Multi-Purpose Property

    11810 W 820 N Crossroads, Monticello, IN 47960

    $975,000
    3.90 AC lot
    3.90‑acre property on Lake Freeman with (3) separate parcels
    Ranch‑style house (2,900+ SF) with walkout basement
    Approx. 260' of level lake frontage with harbor, boat launch, and shallow sandy swimming areas
    Roof: shingle
    Central air cooling
    View details
    Multi-Unit Residential Income Property
    Updated: Jul 12
    Multi-Unit Residential Income Property

    5116 E Indiana Beach Road, Monticello, IN 47960

    $649,000
    4,530 sqft
    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.
    Paved parking with 10 parking spaces and county road access; ingress/egress via asphalt.
    Exterior features include block, metal, and shingle construction.
    View details
    10-Unit Lakefront Hospitality Cottage Portfolio
    10-Unit Lakefront Hospitality Cottage Portfolio

    4958 E INDIANA BEACH RD, Monticello, IN 47960

    Contact for pricing
    4,000 sqft

    Detached guest cottages offer renovated interiors, private outdoor space, and convenient access to Indiana Beach and Lake Shafer docks.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Short-Term Rental Cottage Portfolio
    Short-Term Rental Cottage Portfolio

    4957 E INDIANA BEACH RD, Monticello, IN 47960

    Contact for pricing
    4,000 sqft

    Ten detached vacation cottages offer weekly rental operations near Lake Shafer and Indiana Beach attractions.

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    Five-Cottage Short-Term Rental Portfolio
    Five-Cottage Short-Term Rental Portfolio

    4990 E INDIANA BEACH RD 1-5, Monticello, IN 47960

    Contact for pricing
    2,000 sqft

    Five detached studio units near Lake Shafer and the Indiana Beach boardwalk, with updated interiors and individual climate control.

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    8-Unit Single-Story Rental Property
    8-Unit Single-Story Rental Property

    4986 E INDIANA BEACH RD, Monticello, IN 47960

    Contact for pricing
    2,448 sqft

    Renovated studio accommodations include kitchenettes, updated bathrooms, and individual heating and cooling systems.

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    Five-Cottage Short-Term Rental Portfolio
    Five-Cottage Short-Term Rental Portfolio

    5017 E INDIANA BEACH RD, Monticello, IN 47960

    Contact for pricing
    2,000 sqft

    Detached studio cottages feature kitchenettes, updated bathrooms, and individual heating and cooling.

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    Based on your search, we've compiled 55 Potential Opportunities for your consideration. Besides 7 Active listings in Monticello, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 40 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.

    Newly Built Apartment Building
    Newly Built Apartment Building

    601 S Burson Street, Winamac, IN 46996

    $725,000
    5,872 sqft 0.30 AC lot

    Six-unit apartment property with duplex layouts, in-unit laundry, central air, and paved off-street parking.

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    Newly Built Apartment Building
    Newly Built Apartment Building

    601 S Burson St, Winamac, IN 46996

    $725,000
    5,872 sqft

    Six-unit apartment property with varied layouts, full appliance packages, and dedicated paved parking for residents.

    View details
    Two-Bedroom Duplex Residence
    Two-Bedroom Duplex Residence

    436 S Kittery Drive, Rensselaer, IN 47978

    $219,900
    1,257 sqft 0.15 AC lot

    Residence includes an attached garage, deck, and public water and sewer.

    View details
    Furnished Duplex with Private Patios
    Furnished Duplex with Private Patios

    701-703 N College Avenue, Rensselaer, IN 47978

    $369,900
    0.18 AC lot

    Two furnished units offer separate patios, attached garages, appliances, and heated bathroom floors.

    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.

    Lake-Access Interior Residential Lot
    Lake-Access Interior Residential Lot

    2133 Deepwater (Lot 2) Loop lot: 2, Monticello, IN 47960

    $59,900
    0.31 AC lot

    Interior lot in Lakeview Bay with shared access to Lake Shafer via a private community dock and utilities available.

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    Interior Lake Access Residential Lot
    Interior Lake Access Residential Lot

    2074 Deepwater (Lot 30) Loop lot: 30, Monticello, IN 47960

    $89,900
    0.50 AC lot

    Interior lot at Lakeview Bay with shared lake access via a private community dock and courtesy dock for homeowners.

    View details
    Lakefront Residential Land Lot
    Lakefront Residential Land Lot

    2073 Deepwater (Lot 12) Loop lot: 12, Monticello, IN 47960

    $219,900
    0.33 AC lot

    Waterfront lot in Lakeview Bay with direct shoreline access and full utilities at the site.

    View details
    Lakefront Custom-Home Lot
    Lakefront Custom-Home Lot

    2067 Deepwater (Lot 13) Loop lot: 13, Monticello, IN 47960

    $229,900
    0.35 AC lot

    Lakefront lot with utility service and shoreline access for a custom home or vacation retreat.

    View details

    Off-Market Properties in Monticello, IN

    Consider similar Off-Market properties in Monticello, 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.

    Ww 800th Nn
    CAMPGROUND, RV PARK

    Ww 800th Nn, Monticello, IN 47960

    Estimated value:
    $255,000
    11.62 AC lot
    View details
    Ww 600th Nn
    MOBILE HOME PARK, TRAILER PARK

    Ww 600th Nn, Monticello, IN 47960

    Estimated value:
    $285,000
    5.23 AC lot
    View details
    Shafer Dr
    CAMPGROUND, RV PARK

    Shafer Dr, Monticello, IN 47960

    Estimated value:
    $235,000
    1.14 AC lot
    View details
    Shafer Dr
    CAMPGROUND, RV PARK

    Shafer Dr, Monticello, IN 47960

    Estimated value:
    $260,000
    0.60 AC lot
    View details
    2766 Shafer Dr
    CAMPGROUND, RV PARK

    2766 Shafer Dr, Monticello, IN 47960-8708

    Estimated value:
    $250,000
    1,340 sqft 0.67 AC lot
    View details
    Shafer Dr
    MOBILE HOME PARK, TRAILER PARK

    Shafer Dr, Monticello, IN 47960

    Estimated value:
    $260,000
    16.66 AC lot
    View details
    Shafer Dr
    CAMPGROUND, RV PARK

    Shafer Dr, Monticello, IN 47960

    Estimated value:
    $240,000
    5.00 AC lot
    View details
    Shafer Dr
    MOBILE HOME PARK, TRAILER PARK

    Shafer Dr, Monticello, IN 47960

    Estimated value:
    $265,000
    2.05 AC lot
    View details
    2280 Shafer Dr
    MOBILE HOME PARK, TRAILER PARK

    2280 Shafer Dr, Monticello, IN 47960-1243

    Estimated value:
    $290,000
    0.83 AC lot
    View details
    6718 Palmers Dr
    MOBILE HOME PARK, TRAILER PARK

    6718 Palmers Dr, Monticello, IN 47960

    Estimated value:
    $310,000
    1.16 AC lot
    View details
    4670 Lynn Vw Dr
    MOBILE HOME PARK, TRAILER PARK

    4670 Lynn Vw Dr, Monticello, IN 47960-7158

    Estimated value:
    $235,000
    576 sqft 1.00 AC lot
    View details
    7095 Lakewood Dr
    MOBILE HOME PARK, TRAILER PARK

    7095 Lakewood Dr, Monticello, IN 47960

    Estimated value:
    $210,000
    4.81 AC lot
    View details
    400 Easy St
    CAMPGROUND, RV PARK

    400 Easy St, Monticello, IN 47960

    Estimated value:
    $250,000
    11.10 AC lot
    View details
    5303 Cherokee Ct
    MOBILE HOME PARK, TRAILER PARK

    5303 Cherokee Ct, Monticello, IN 47960

    Estimated value:
    $290,000
    1.03 AC lot
    View details
    11730 850th N
    MOBILE HOME PARK, TRAILER PARK

    11730 850th N, Monticello, IN 47960-8153

    Estimated value:
    $260,000
    1,090 sqft 22.96 AC lot
    View details
    11730 850th N
    MOBILE HOME PARK, TRAILER PARK

    11730 850th N, Monticello, IN 47960-8153

    Estimated value:
    $305,000
    3.00 AC lot
    View details
    225 225th Nn
    CAMPGROUND, RV PARK

    225 225th Nn, Monticello, IN 47960

    Estimated value:
    $220,000
    33.27 AC lot
    View details

    Monticello, IN Residential Income Properties Market Trends and Statistics

    Explore 47 residential income properties for sale in Monticello, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 18,978 square feet of properties for sale, with an estimated market value of $1,624,000.

    Sale prices for residential income properties in Monticello, IN start at $649,000, averaging $812,000, and reaching up to $975,000 — 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

    Multifamily properties 7
    Short term rental properties 7
    Apartment buildings 1
    Single family properties 1

    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 $812K

    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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