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    Reynolds, IN Burnettsville, IN Monon, IN Delphi, IN Francesville, IN Battle Ground, IN Winamac, IN Wolcott, IN
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Monticello, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Union Pier Cottages Collection
    Union Pier Cottages Collection

    10222 Town Line Road, Union Pier, MI 49129

    $3,995,000
    0.46 AC lot

    Exclusive lake town retreat steps from Townline and Gordon beaches.

    View details
    Brick Triplex with Common Living Area
    Brick Triplex with Common Living Area

    330 N Sunnyside Street, South Bend, IN 46617

    $695,000
    0.08 AC lot

    Partially furnished 2008-built brick triplex with three two-bedroom units and shared main-level amenities.

    View details
    Multi-Family Home with Flexible Layout
    Multi-Family Home with Flexible Layout

    314 N Taylor St, South Bend, IN 46601

    $199,000
    0.07 AC lot

    Six-bedroom, 2.5-bath multifamily home with updates including a 2022 new roof and partial 2024 refurbishment.

    View details
    The Townie Cottages Collection
    The Townie Cottages Collection

    Union Pier, MI 49129

    $3,995,000

    Exclusive lake town retreat near Townline Public Beach and Gordon Association Beach.

    View details

    Monticello, IN Short Term Rental Properties Market Trends and Statistics

    Explore 1 short term rental properties for sale in Monticello, IN on our real estate platform. These investment opportunities span a total of 4,530 square feet of properties for sale, with an estimated market value of $649,000.

    Sale prices for short term rental properties in Monticello, IN start at $649,000, averaging $649,000, and reaching up to $649,000 — 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 5
    Apartment buildings 1
    Short term rental 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 $2.6M

    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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