Real Estate Investment Properties for Sale in Alpena, MI

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

Explore a variety of short-term homes & houses in Alpena, MI. Invest wisely with VRBO & Alpena, 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 Alpena, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
125 Parker Avenue Alpena, MI This beautifully remodeled home is located in a highly sought after subdivision in the cit...	3 beds \| 3 baths \| 4,299 sq.ft.	$379,000	Airbnb cash on cash: 7.25% Traditional cash on cash: 6.13% Airbnb Rental Income: $4507 Traditional Rental Income: $3171 Airbnb ROI: 7.25% Traditional ROI: 6.13%
1310 S Third Avenue Alpena, MI This spacious city home, originally built in 1925, offers updated modern convenience in a ...	4 beds \| 2 baths \| 1,388 sq.ft.	$220,950	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2276 Airbnb ROI: N/A Traditional ROI: 9.36%
2478 Long Rapids Road Alpena, MI Move right on in!!! This home has so much to offer with a nice big eat in kitchen with u...	2 beds \| 2 baths \| 1,976 sq.ft.	$224,750	Airbnb cash on cash: N/A Traditional cash on cash: 9.93% Airbnb Rental Income: $null Traditional Rental Income: $2503 Airbnb ROI: N/A Traditional ROI: 9.93%
17131 Paradise Cove Road Alpena, MI Frontage that overlooks a cove on beautiful, all sport, Long Lake. Open Concept kitchen an...	2 beds \| 1 baths \| 700 sq.ft.	$258,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.67% Airbnb Rental Income: $null Traditional Rental Income: $1601 Airbnb ROI: N/A Traditional ROI: 3.67%
3475 French Road Alpena, MI Delightful home set on over 2.5 acres of serene wooded land, complete with a private walki...	2 beds \| 2 baths \| 1,568 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.08% Airbnb Rental Income: $null Traditional Rental Income: $2327 Airbnb ROI: N/A Traditional ROI: 9.08%
7880 Bloom Road Alpena, MI Looking for privacy and to be able to walk out your back door to your very own hunting lan...	2 beds \| 1 baths \| 1,100 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.32% Airbnb Rental Income: $null Traditional Rental Income: $1665 Airbnb ROI: N/A Traditional ROI: 2.32%
424 S State Avenue Alpena, MI Not very often do homes become available on Lake Huron within the city limits. This home...	3 beds \| 3 baths \| 2,620 sq.ft.	$649,000	Airbnb cash on cash: 4.07% Traditional cash on cash: 3.28% Airbnb Rental Income: $4507 Traditional Rental Income: $3091 Airbnb ROI: 4.07% Traditional ROI: 3.28%
17756 Birch Alpena, MI Waterfrontage! Home sits on a peaceful, private setting on Long Lake! 1st floor Master ...	4 beds \| 3 baths \| 2,200 sq.ft.	$469,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.42% Airbnb Rental Income: $null Traditional Rental Income: $2266 Airbnb ROI: N/A Traditional ROI: 2.42%
105 N Second Avenue Alpena, MI This beautiful downtown building still has original brick work on the upper level and is p...	2 beds \| 2 baths \| 3,662 sq.ft.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.38% Airbnb Rental Income: $null Traditional Rental Income: $1834 Airbnb ROI: N/A Traditional ROI: 1.38%
6733 Lappan Road Alpena, MI Charming 3-bdrm, 2-bath home, remodeled in 2018, offers a maintenance-free lifestyle w/num...	3 beds \| 2 baths \| 2,108 sq.ft.	$499,000	Airbnb cash on cash: 5.65% Traditional cash on cash: 4.2% Airbnb Rental Income: $4507 Traditional Rental Income: $2889 Airbnb ROI: 5.65% Traditional ROI: 4.2%
5541 N Point Road Alpena, MI Unique home for sure! This chalet style home offers a Tudor exterior. Setting a 70 acre ...	3 beds \| 4 baths \| 2,932 sq.ft.	$475,000	Airbnb cash on cash: 6.23% Traditional cash on cash: 5.79% Airbnb Rental Income: $4507 Traditional Rental Income: $3369 Airbnb ROI: 6.23% Traditional ROI: 5.79%
521 W Miller Street Alpena, MI Own this four-bedroom, two-bath duplex. Two-bedroom, one-bath unit on upper level and two-...	N/A beds \| N/A baths \| 1,872 sq.ft.	$119,700	Airbnb cash on cash: N/A Traditional cash on cash: 10.33% Airbnb Rental Income: $null Traditional Rental Income: $1527 Airbnb ROI: N/A Traditional ROI: 10.33%
212 E Palm Street Alpena, MI Own this four-bedroom, two-bath duplex with a good rental history. Two-bedroom, one-bath u...	N/A beds \| N/A baths \| 1,680 sq.ft.	$121,700	Airbnb cash on cash: N/A Traditional cash on cash: 10.24% Airbnb Rental Income: $null Traditional Rental Income: $1544 Airbnb ROI: N/A Traditional ROI: 10.24%
902 S 4th Avenue Alpena, MI This one is special! Two-story full brick home that has been well maintained. Vinyl window...	4 beds \| 2 baths \| 2,655 sq.ft.	$270,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $2916 Airbnb ROI: N/A Traditional ROI: 9.36%
1253 N Partridge Point Road Alpena, MI Gorgeous Two-Bed, Two-Bath Home with 93 Feet of Lake Huron FrontageThis home has been ...	2 beds \| 2 baths \| 1,320 sq.ft.	$320,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.85% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 4.85%
440 S Lawn Street Alpena, MI Remodeled duplex in Alpena County! This ranch style duplex offers two units, each unit is ...	N/A beds \| N/A baths \| N/A	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.76% Airbnb Rental Income: $null Traditional Rental Income: $1244 Airbnb ROI: N/A Traditional ROI: 2.76%
327 S State Avenue Alpena, MI One of Alpena's classic custom built homes in a most desirable location on a large corner ...	4 beds \| 3 baths \| 2,762 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $3554 Airbnb ROI: N/A Traditional ROI: 6.7%
441 W Washington Avenue Alpena, MI	4 beds \| 3 baths \| 3,286 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $3100 Airbnb ROI: N/A Traditional ROI: 7.03%
112 W Alfred Street Alpena, MI Great income property with some long term tenants 2 Units in main and a cabana in back. se...	N/A beds \| N/A baths \| 1,421 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.99% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 5.99%
359 N Franklin Street Alpena, MI This cute brick ranch home offers two comfortable bedrooms and 1 full bathThe expansive ya...	2 beds \| 1 baths \| 896 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.85% Airbnb Rental Income: $null Traditional Rental Income: $562.2 Airbnb ROI: N/A Traditional ROI: 0.85%
4700 Indian Reserve Road Alpena, MI Thunder Bay River Frontage on BOTH sides of the river! 2 Bedroom, 1 Bathroom home with 2 ...	2 beds \| 1 baths \| 1,260 sq.ft.	$297,832	Airbnb cash on cash: N/A Traditional cash on cash: 0.34% Airbnb Rental Income: $null Traditional Rental Income: $562.2 Airbnb ROI: N/A Traditional ROI: 0.34%

Real Estate investment in Alpena, MI

There are 21 properties for sale in the city of Alpena . The median list price in Alpena is $214,999 and the average price per square foot is $118. In November 2024, the average monthly cash on cash return in Alpena is 8.00%. The average monthly rental income in Alpena is $2,075.

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

There are 21 investment properties available for sale in Alpena.

In 2024, the best neighborhood to buy investment property is Alpena.

The ROI for Long-Term is higher than the Short-Term in Alpena with average rental income of $2,075.

Your search for investment property begins and ends here

Investment Property for Sale in Alpena, MI

125 Parker Avenue

Alpena, MI

3 beds | 3 baths | 4,299 sq.ft.

$379,000

Airbnb cash on cash: 7.25%

Traditional cash on cash: 6.13%

Airbnb Rental Income: $4507

Traditional Rental Income: $3171

Airbnb ROI: 7.25%

Traditional ROI: 6.13%

1310 S Third Avenue

Alpena, MI

4 beds | 2 baths | 1,388 sq.ft.

$220,950

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2276

Airbnb ROI: N/A

Traditional ROI: 9.36%

2478 Long Rapids Road

Alpena, MI

2 beds | 2 baths | 1,976 sq.ft.

$224,750

Airbnb cash on cash: N/A

Traditional cash on cash: 9.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2503

Airbnb ROI: N/A

Traditional ROI: 9.93%

17131 Paradise Cove Road

Alpena, MI

2 beds | 1 baths | 700 sq.ft.

$258,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.67%

Airbnb Rental Income: $null

Traditional Rental Income: $1601

Airbnb ROI: N/A

Traditional ROI: 3.67%

3475 French Road

Alpena, MI

2 beds | 2 baths | 1,568 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.08%

Airbnb Rental Income: $null

Traditional Rental Income: $2327

Airbnb ROI: N/A

Traditional ROI: 9.08%

7880 Bloom Road

Alpena, MI

2 beds | 1 baths | 1,100 sq.ft.

$425,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1665

Airbnb ROI: N/A

Traditional ROI: 2.32%

424 S State Avenue

Alpena, MI

3 beds | 3 baths | 2,620 sq.ft.

$649,000

Airbnb cash on cash: 4.07%

Traditional cash on cash: 3.28%

Airbnb Rental Income: $4507

Traditional Rental Income: $3091

Airbnb ROI: 4.07%

Traditional ROI: 3.28%

17756 Birch

Alpena, MI

4 beds | 3 baths | 2,200 sq.ft.

$469,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.42%

Airbnb Rental Income: $null

Traditional Rental Income: $2266

Airbnb ROI: N/A