Real Estate Investment Properties for Sale in Allegan, MI

Looking for investment property in Allegan, MI with high ROI ?

Explore a variety of short-term homes & houses in Allegan, MI. Invest wisely with VRBO & Allegan, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Allegan, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
325 Monroe Street Allegan, MI Historic Charm Meets Modern Comfort! Welcome to this 3-bedroom, 1-bath traditional home w...	3 beds \| 1 baths \| 1,728 sq.ft.	$219,988	Airbnb cash on cash: N/A Traditional cash on cash: 6.35% Airbnb Rental Income: $null Traditional Rental Income: $1802 Airbnb ROI: N/A Traditional ROI: 6.35%
306 Sherman Street Allegan, MI Welcome to 306 Sherman Street. Conveniently located with walking distance to many amenitie...	2 beds \| 1 baths \| 800 sq.ft.	$184,000	Airbnb cash on cash: 8.22% Traditional cash on cash: 5.59% Airbnb Rental Income: $2550 Traditional Rental Income: $1476 Airbnb ROI: 8.22% Traditional ROI: 5.59%
633 Marshall Street Allegan, MI This Gorgeous 4-bedroom, 2.5-bathroom brick home preserved its historic charm through its ...	4 beds \| 3 baths \| 1,895 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.17% Airbnb Rental Income: $null Traditional Rental Income: $2538 Airbnb ROI: N/A Traditional ROI: 7.17%
420 N Main Street Allegan, MI Great opportunity for a remodeled 3 bedroom, 2 bath home in Allegan for $215k. Home featu...	3 beds \| 2 baths \| 1,268 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.66% Airbnb Rental Income: $null Traditional Rental Income: $1172 Airbnb ROI: N/A Traditional ROI: 3.66%
1274 42nd Street Allegan, MI Nestled on a sprawling 2-acre lot, this charming 2-bedroom, 1-bathroom home offers a peace...	2 beds \| 1 baths \| 1,237 sq.ft.	$238,500	Airbnb cash on cash: 6.42% Traditional cash on cash: 4.98% Airbnb Rental Income: $2550 Traditional Rental Income: $1612 Airbnb ROI: 6.42% Traditional ROI: 4.98%
3996 Allegan Dam Road Allegan, MI Beautiful lakefront ranch home on Lake Allegan. This home features 4 bedrooms and 3 bathro...	4 beds \| 3 baths \| 3,274 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.23% Airbnb Rental Income: $null Traditional Rental Income: $2770 Airbnb ROI: N/A Traditional ROI: 3.23%
320 Monroe Street Allegan, MI Classic historic home built in 1880 and ready for you to make it your own. This home fea...	4 beds \| 2 baths \| 3,311 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.9% Airbnb Rental Income: $null Traditional Rental Income: $1950 Airbnb ROI: N/A Traditional ROI: 9.9%
440 S M-40 Allegan, MI STAY VACATION when you live in this custom built home. With 25 acres to roam, swimming & ...	3 beds \| 4 baths \| 3,046 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.19% Airbnb Rental Income: $null Traditional Rental Income: $3167 Airbnb ROI: N/A Traditional ROI: 2.19%
4085 Monroe Road Allegan, MI Don't Miss Out on This Spacious 4 Bed/3 Bath Home with Upgrades Galore! Discover serenity ...	4 beds \| 3 baths \| 3,200 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.65% Airbnb Rental Income: $null Traditional Rental Income: $3002 Airbnb ROI: N/A Traditional ROI: 6.65%
27233 2nd Avenue Allegan, MI Discover tranquility of this 3 bedroom, 1 bath home with 95' of serene waterfront located ...	3 beds \| 1 baths \| 1,642 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.22% Airbnb Rental Income: $null Traditional Rental Income: $2124 Airbnb ROI: N/A Traditional ROI: 4.22%
1573 34th Street Allegan, MI Don't wait to visit this great ranch home. Township living at its best yet close to town, ...	4 beds \| 2 baths \| 2,820 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.71% Airbnb Rental Income: $null Traditional Rental Income: $2743 Airbnb ROI: N/A Traditional ROI: 8.71%
219 Arbor Street Allegan, MI Super sharp remodeled 4 bedroom 2 1/2 bath home located on almost an acre lot priced way u...	4 beds \| 3 baths \| 2,320 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.86% Airbnb Rental Income: $null Traditional Rental Income: $2972 Airbnb ROI: N/A Traditional ROI: 9.86%
1084 38th Street Allegan, MI Welcome to your dream home situated on 74.85 acres of serene land in Allegan Michigan. Thi...	5 beds \| 4 baths \| 3,861 sq.ft.	$1,250,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.45% Airbnb Rental Income: $null Traditional Rental Income: $3664 Airbnb ROI: N/A Traditional ROI: 1.45%
3355 Delano Street Allegan, MI Unlock the potential of this charming 4-bedroom home, brimming with promise and ready for ...	4 beds \| 1 baths \| 2,606 sq.ft.	$204,750	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $1784 Airbnb ROI: N/A Traditional ROI: 6.8%
2611 114th Avenue Allegan, MI You wont find many homes like this one! Beautiful farm house with all the classic charm a...	4 beds \| 2 baths \| 2,256 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $2456 Airbnb ROI: N/A Traditional ROI: 4.53%
694 Lake 16 Drive Allegan, MI Escape to this beautifully updated cottage on Lake Sixteen in Allegan, where you'll enjoy ...	3 beds \| 3 baths \| 1,876 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $2832 Airbnb ROI: N/A Traditional ROI: 5.87%
2910 118th Avenue Allegan, MI How about a home in the country, pole barn, on 5 acres? Come take a look at this Cape Cod....	4 beds \| 2 baths \| 1,716 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.64% Airbnb Rental Income: $null Traditional Rental Income: $2388 Airbnb ROI: N/A Traditional ROI: 6.64%
2494 43rd Street Allegan, MI Well Built 4 Bedroom 3.5 Bath Home With Pole Barn. Main Floor Features: Open Floor Plan, L...	4 beds \| 4 baths \| 3,164 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $3327 Airbnb ROI: N/A Traditional ROI: 4.9%
221 THOMAS STREET Allegan, MI Price Reduced, $10,000 ! Open House Sat Nov 16 1:00-3:00pm 1716 SF Allegan Ranch on a nice...	2 beds \| 2 baths \| 1,716 sq.ft.	$229,900	Airbnb cash on cash: 6.5% Traditional cash on cash: 7.75% Airbnb Rental Income: $2550 Traditional Rental Income: $2209 Airbnb ROI: 6.5% Traditional ROI: 7.75%
3041 128th Avenue Allegan, MI This lovely ranch home in the country boasts a generous amount of square footage and inclu...	4 beds \| 2 baths \| 1,932 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2690 Airbnb ROI: N/A Traditional ROI: 5.24%
205 Hudson Street Allegan, MI Great starter home or for someone looking to downsize a little, right in the heart of Alle...	2 beds \| 1 baths \| 704 sq.ft.	$165,000	Airbnb cash on cash: 9.34% Traditional cash on cash: 6.74% Airbnb Rental Income: $2550 Traditional Rental Income: $1528 Airbnb ROI: 9.34% Traditional ROI: 6.74%
1808 34th Street Allegan, MI Don't miss out on this wonderful home that's as practical as it is beautiful! This spaciou...	4 beds \| 2 baths \| 1,836 sq.ft.	$330,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.46% Airbnb Rental Income: $null Traditional Rental Income: $2881 Airbnb ROI: N/A Traditional ROI: 6.46%
2972 Center Street Allegan, MI This newly constructed Home presents a comfortable and functional living environment with...	3 beds \| 2 baths \| 1,488 sq.ft.	$295,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.7% Airbnb Rental Income: $null Traditional Rental Income: $2543 Airbnb ROI: N/A Traditional ROI: 7.7%
3914 Allegan Dam Road Allegan, MI Enjoy all season splendor on Lake Allegan! This custom built home situated on the shores ...	4 beds \| 4 baths \| 3,371 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $4346 Airbnb ROI: N/A Traditional ROI: 4.1%
2183 Walking Horse Lane Allegan, MI This charming bi-level home is nestled on a spacious 2-acre lot, offering the perfect blen...	4 beds \| 2 baths \| 1,764 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.14% Airbnb Rental Income: $null Traditional Rental Income: $2785 Airbnb ROI: N/A Traditional ROI: 5.14%
1264 Lincoln Road Allegan, MI Feast your eyes on this fully remodeled home on over a half acre lot!! Enjoy the new luxur...	3 beds \| 1 baths \| 1,536 sq.ft.	$257,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $2010 Airbnb ROI: N/A Traditional ROI: 6.04%
3622 Bayview Drive Allegan, MI Spacious 5 bedroom, 3 full bath home with over 3800 finished square feet on a 1.31 acre l...	5 beds \| 3 baths \| 3,808 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $3421 Airbnb ROI: N/A Traditional ROI: 4.33%
4342 Grant Drive Allegan, MI Freshly updated ranch home situated on nearly an acre. This spacious home offers an open f...	3 beds \| 2 baths \| 1,716 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.47% Airbnb Rental Income: $null Traditional Rental Income: $2381 Airbnb ROI: N/A Traditional ROI: 10.47%
3712 Schermerhorn Lk Drive Allegan, MI Newly constructed bi-level home, open plan with cove ceiling, living room, kitchen with pa...	2 beds \| 1 baths \| 1,048 sq.ft.	$304,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 3.41% Airbnb Rental Income: $2550 Traditional Rental Income: $1829 Airbnb ROI: 3.79% Traditional ROI: 3.41%
1584 34th Street Allegan, MI Take a peek at this move in ready 3 bedroom home! With just shy of a half acre of land, yo...	3 beds \| 1 baths \| 1,060 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.27% Airbnb Rental Income: $null Traditional Rental Income: $1656 Airbnb ROI: N/A Traditional ROI: 10.27%
2214 26th Street Allegan, MI	2 beds \| 1 baths \| 987 sq.ft.	$299,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 4.93% Airbnb Rental Income: $2550 Traditional Rental Income: $1803 Airbnb ROI: 5.4% Traditional ROI: 4.93%
3228 Signal Point Drive Allegan, MI Quality new construction at an affordable price! This ranch new build has 2 bedrooms, 1.5 ...	2 beds \| 2 baths \| 1,228 sq.ft.	$329,900	Airbnb cash on cash: 3.42% Traditional cash on cash: 4.17% Airbnb Rental Income: $2550 Traditional Rental Income: $2168 Airbnb ROI: 3.42% Traditional ROI: 4.17%
2222 36th Street Allegan, MI Professional photos to come. Don't Wait - This Meticulously Maintained Gem Won't Last Long...	4 beds \| 3 baths \| 1,914 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.44% Airbnb Rental Income: $null Traditional Rental Income: $2659 Airbnb ROI: N/A Traditional ROI: 5.44%
303 Highland Avenue Allegan, MI Welcome to 303 Highland Ave! This three bed one and a half bath home has been updated and ...	3 beds \| 2 baths \| 1,764 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.4% Airbnb Rental Income: $null Traditional Rental Income: $2468 Airbnb ROI: N/A Traditional ROI: 7.4%
1217 32nd Street Allegan, MI Not one, but 2 lots included in this riverfront home sale! We are even including a 1 year...	4 beds \| 2 baths \| 1,382 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.74% Airbnb Rental Income: $null Traditional Rental Income: $2467 Airbnb ROI: N/A Traditional ROI: 9.74%
174 Thomas Street Allegan, MI Expansive mid-century modern home on large lot overlooking the Kalamazoo River & downtown ...	4 beds \| 3 baths \| 3,542 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $3537 Airbnb ROI: N/A Traditional ROI: 6.04%

Real Estate investment in Allegan, MI

There are 36 properties for sale in the city of Allegan . The median list price in Allegan is $276,500 and the average price per square foot is $141. In January 2025, the average monthly cash on cash return in Allegan is 5.00%. The average monthly rental income in Allegan is $1,898.

Allegan, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 36 investment properties available for sale in Allegan.

In 2025, the best neighborhood to buy investment property is Allegan.

The ROI for Long-Term is higher than the Short-Term in Allegan with average rental income of $1,898.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

325 Monroe Street

Allegan, MI

3 beds | 1 baths | 1,728 sq.ft.

$219,988

Airbnb cash on cash: N/A

Traditional cash on cash: 6.35%

Airbnb Rental Income: $null

Traditional Rental Income: $1802

Airbnb ROI: N/A

Traditional ROI: 6.35%

306 Sherman Street

Allegan, MI

2 beds | 1 baths | 800 sq.ft.

$184,000

Airbnb cash on cash: 8.22%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $2550

Traditional Rental Income: $1476

Airbnb ROI: 8.22%

Traditional ROI: 5.59%

633 Marshall Street

Allegan, MI

4 beds | 3 baths | 1,895 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.17%

Airbnb Rental Income: $null

Traditional Rental Income: $2538

Airbnb ROI: N/A

Traditional ROI: 7.17%

420 N Main Street

Allegan, MI

3 beds | 2 baths | 1,268 sq.ft.

$215,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.66%

Airbnb Rental Income: $null

Traditional Rental Income: $1172

Airbnb ROI: N/A

Traditional ROI: 3.66%

1274 42nd Street

Allegan, MI

2 beds | 1 baths | 1,237 sq.ft.

$238,500

Airbnb cash on cash: 6.42%

Traditional cash on cash: 4.98%

Airbnb Rental Income: $2550

Traditional Rental Income: $1612

Airbnb ROI: 6.42%

Traditional ROI: 4.98%

3996 Allegan Dam Road

Allegan, MI

4 beds | 3 baths | 3,274 sq.ft.

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.23%

Airbnb Rental Income: $null

Traditional Rental Income: $2770

Airbnb ROI: N/A

Traditional ROI: 3.23%

320 Monroe Street

Allegan, MI

4 beds | 2 baths | 3,311 sq.ft.

$155,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.9%

Airbnb Rental Income: $null

Traditional Rental Income: $1950

Airbnb ROI: N/A

Traditional ROI: 9.9%

440 S M-40

Allegan, MI

3 beds | 4 baths | 3,046 sq.ft.

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.19%

Airbnb Rental Income: $null

Traditional Rental Income: $3167

Airbnb ROI: N/A