Real Estate Investment Properties for Sale in Ontonagon, MI

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
13629 Lakeshore Ontonagon, MI Quiet country acreage with a beautiful newer built cabin. This cabin is located on 4.5 ac...	1 beds \| 1 baths \| 400 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.61% Airbnb Rental Income: $null Traditional Rental Income: $1473 Airbnb ROI: N/A Traditional ROI: 8.61%
35837 LP Walsh Ontonagon, MI LOG HOME on 24.5 +/- Acre RURAL MICHIGAN PARCEL FOR SALE!! This property has been in one F...	3 beds \| 2 baths \| 2,036 sq.ft.	$688,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 0.27% Airbnb Rental Income: $2974 Traditional Rental Income: $1889 Airbnb ROI: 0.89% Traditional ROI: 0.27%
26636 Egret Ontonagon, MI Big Bear Lodge and Hunting Cabin with over 400 acres! What a fabulous place to be! A mile ...	2 beds \| N/A baths \| 1,984 sq.ft.	$425,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 3.85% Airbnb Rental Income: $3459 Traditional Rental Income: $2630 Airbnb ROI: 4.01% Traditional ROI: 3.85%
32432 US45 Ontonagon, MI THE OPPORTUNITY YOU'VE BEEN WAITING FOR.....COUNTRY LIVING on 63 acres in a deluxe KOSKI L...	3 beds \| 3 baths \| 1,664 sq.ft.	$574,900	Airbnb cash on cash: 1.56% Traditional cash on cash: 2.25% Airbnb Rental Income: $2974 Traditional Rental Income: $2658 Airbnb ROI: 1.56% Traditional ROI: 2.25%
614 Chippewa Ontonagon, MI This beautiful and spacious home is located on a corner lot in the lovely, hometown commun...	3 beds \| 2 baths \| 1,314 sq.ft.	$219,000	Airbnb cash on cash: 5.67% Traditional cash on cash: 5.97% Airbnb Rental Income: $2974 Traditional Rental Income: $2351 Airbnb ROI: 5.67% Traditional ROI: 5.97%
401 Houghton Ontonagon, MI CLASSIC HISTORICAL HOME located in the heart of the Village of Ontonagon. Home has 4 bedro...	4 beds \| 3 baths \| 2,875 sq.ft.	$299,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 6.63% Airbnb Rental Income: $2699 Traditional Rental Income: $3117 Airbnb ROI: 2.87% Traditional ROI: 6.63%
104 Alder Ontonagon, MI Great residential and relaxed living.....in this, a quiet neighborhood....accessible to s...	4 beds \| 2 baths \| 1,956 sq.ft.	$185,000	Airbnb cash on cash: 8.67% Traditional cash on cash: 10.91% Airbnb Rental Income: $2699 Traditional Rental Income: $2455 Airbnb ROI: 8.67% Traditional ROI: 10.91%
17796 HWY M38 Ontonagon, MI OLD FARMHOUSE With ACREAGE. This property has 90 +/- acres of level ground, 30 acres of fi...	5 beds \| 2 baths \| 1,628 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.77% Airbnb Rental Income: $null Traditional Rental Income: $2495 Airbnb ROI: N/A Traditional ROI: 8.77%
17796 Cth M-38 Ontonagon, MI OLD FARMHOUSE With ACREAGE. This property has 90 +/- acres of level ground, 30 acres of fi...	5 beds \| 2 baths \| 1,628 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.86% Airbnb Rental Income: $null Traditional Rental Income: $2578 Airbnb ROI: N/A Traditional ROI: 8.86%

Real Estate investment in Ontonagon, MI

There are 11 properties for sale in the city of Ontonagon . The median list price in Ontonagon is $219,000 and the average price per square foot is $119. In January 2025, the average monthly cash on cash return in Ontonagon is 9.00%. The average monthly rental income in Ontonagon is $2,455.

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

There are 11 investment properties available for sale in Ontonagon.

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

The ROI for Short-Term is higher than the Long-Term in Ontonagon with average rental income of $2,974.

Your search for investment property begins and ends here

Investment Property for Sale in Ontonagon, MI

13629 Lakeshore

Ontonagon, MI

1 beds | 1 baths | 400 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.61%

Airbnb Rental Income: $null

Traditional Rental Income: $1473

Airbnb ROI: N/A

Traditional ROI: 8.61%

35837 LP Walsh

Ontonagon, MI

3 beds | 2 baths | 2,036 sq.ft.

$688,000

Airbnb cash on cash: 0.89%

Traditional cash on cash: 0.27%

Airbnb Rental Income: $2974

Traditional Rental Income: $1889

Airbnb ROI: 0.89%

Traditional ROI: 0.27%

26636 Egret

Ontonagon, MI

2 beds | N/A baths | 1,984 sq.ft.

$425,000

Airbnb cash on cash: 4.01%

Traditional cash on cash: 3.85%

Airbnb Rental Income: $3459

Traditional Rental Income: $2630

Airbnb ROI: 4.01%

Traditional ROI: 3.85%

32432 US45

Ontonagon, MI

3 beds | 3 baths | 1,664 sq.ft.

$574,900

Airbnb cash on cash: 1.56%

Traditional cash on cash: 2.25%

Airbnb Rental Income: $2974

Traditional Rental Income: $2658

Airbnb ROI: 1.56%

Traditional ROI: 2.25%

614 Chippewa

Ontonagon, MI

3 beds | 2 baths | 1,314 sq.ft.

$219,000

Airbnb cash on cash: 5.67%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $2974

Traditional Rental Income: $2351

Airbnb ROI: 5.67%

Traditional ROI: 5.97%

401 Houghton

Ontonagon, MI

4 beds | 3 baths | 2,875 sq.ft.

$299,000

Airbnb cash on cash: 2.87%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $2699

Traditional Rental Income: $3117

Airbnb ROI: 2.87%

Traditional ROI: 6.63%

104 Alder

Ontonagon, MI

4 beds | 2 baths | 1,956 sq.ft.

$185,000

Airbnb cash on cash: 8.67%

Traditional cash on cash: 10.91%

Airbnb Rental Income: $2699

Traditional Rental Income: $2455

Airbnb ROI: 8.67%

Traditional ROI: 10.91%

17796 HWY M38

Ontonagon, MI

5 beds | 2 baths | 1,628 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.77%

Airbnb Rental Income: $null

Traditional Rental Income: $2495

Airbnb ROI: N/A