Real Estate Investment Properties for Sale in Traverse City, MI

Looking for investment property in Traverse City, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
131 E EIGHTH STREET Traverse City, MI Downtown Traverse City condo conveniently located on Eighth Street between Cass and Union....	1 beds \| 1 baths \| 577 sq.ft.	$299,900	Airbnb cash on cash: 4.91% Traditional cash on cash: 3.84% Airbnb Rental Income: $2385 Traditional Rental Income: $1497 Airbnb ROI: 4.91% Traditional ROI: 3.84%
333 W GRANDVIEW PARKWAY Traverse City, MI Welcome to 333 W. Grandview Parkway, where opportunity meets prime location! This listing ...	2 beds \| 2 baths \| 1,210 sq.ft.	$375,000	Airbnb cash on cash: 5.95% Traditional cash on cash: 3.04% Airbnb Rental Income: $3552 Traditional Rental Income: $1747 Airbnb ROI: 5.95% Traditional ROI: 3.04%
4870 Black Bear Drive Traverse City, MI Nestled in the highly sought-after Black Bear Farms community, this charming 2B/3BA 'end-u...	2 beds \| 3 baths \| 1,608 sq.ft.	$369,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 4.34% Airbnb Rental Income: $1600 Traditional Rental Income: $2475 Airbnb ROI: 0.5% Traditional ROI: 4.34%
129 FAIR STREET Traverse City, MI Nestled in the heart of Traverse City, this charming 2-bedroom condo offers unparalleled c...	2 beds \| 1 baths \| 896 sq.ft.	$225,000	Airbnb cash on cash: 6.73% Traditional cash on cash: 2.83% Airbnb Rental Income: $2702 Traditional Rental Income: $1232 Airbnb ROI: 6.73% Traditional ROI: 2.83%
3801 Brook Drive Traverse City, MI Sweet 2-bedroom 1 bath home close to everything! Move in ready with nothing to do but enjo...	2 beds \| 1 baths \| 864 sq.ft.	$230,000	Airbnb cash on cash: 2.9% Traditional cash on cash: 4.09% Airbnb Rental Income: $1600 Traditional Rental Income: $1403 Airbnb ROI: 2.9% Traditional ROI: 4.09%
2305 US-31 N #206 Traverse City, MI Fabulous East Bay waterfront condo on Traverse City's Miracle Mile! Enjoy your morning cof...	1 beds \| 1 baths \| 700 sq.ft.	$333,000	Airbnb cash on cash: 2% Traditional cash on cash: 0.58% Airbnb Rental Income: $2435 Traditional Rental Income: $1397 Airbnb ROI: 2% Traditional ROI: 0.58%
3119 Holiday Village Road Traverse City, MI Experience modern living in this meticulously maintained, one-owner craftsman-style home l...	3 beds \| 3 baths \| 2,475 sq.ft.	$669,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 1.82% Airbnb Rental Income: $2477 Traditional Rental Income: $2806 Airbnb ROI: 0.33% Traditional ROI: 1.82%
1921 Lark Drive Traverse City, MI What if you could have a Traverse City address but pay Blair Township taxes? This perfect...	4 beds \| 2 baths \| 1,465 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $2082 Airbnb ROI: N/A Traditional ROI: 4.54%
800 Cottageview Drive #317 Traverse City, MI Experience the charm you will find with this condo located in the historic and lovely Gran...	1 beds \| 2 baths \| 883 sq.ft.	$465,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 1.34% Airbnb Rental Income: $2398 Traditional Rental Income: $1571 Airbnb ROI: 1.89% Traditional ROI: 1.34%
1420 FOREST PARK DRIVE Traverse City, MI Main floor living and excellent location!! Forest park Condominiums is a park like setting...	2 beds \| 2 baths \| 1,116 sq.ft.	$419,900	Airbnb cash on cash: 5.23% Traditional cash on cash: 2.1% Airbnb Rental Income: $4000 Traditional Rental Income: $1913 Airbnb ROI: 5.23% Traditional ROI: 2.1%
800 Cottageview Drive #400 Traverse City, MI Step into this extraordinary 1,768 sqft condo in the iconic Grand Traverse Commonsâa spa...	2 beds \| 2 baths \| 1,768 sq.ft.	$825,000	Airbnb cash on cash: -2.04% Traditional cash on cash: -0.5% Airbnb Rental Income: $1600 Traditional Rental Income: $2329 Airbnb ROI: -2.04% Traditional ROI: -0.5%
5801 VILLAGE DRIVE Traverse City, MI This beautifully updated 4-bedroom, 2-bath ranch on the desirable west side offers both st...	4 beds \| 2 baths \| 2,576 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.58% Airbnb Rental Income: $null Traditional Rental Income: $2483 Airbnb ROI: N/A Traditional ROI: 2.58%
2118 Grouse Drive Traverse City, MI This charming home in the desirable Northern Estates neighborhood offers the perfect blend...	4 beds \| 2 baths \| 1,719 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.24% Airbnb Rental Income: $null Traditional Rental Income: $2327 Airbnb ROI: N/A Traditional ROI: 4.24%
4675 Choice Circle Traverse City, MI Stunning 2 year old home located in the peaceful Country Side Estates neighborhood just 10...	3 beds \| 2 baths \| 1,548 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $2318 Airbnb ROI: N/A Traditional ROI: 3.03%
2491 US-31 N Traverse City, MI Wonderful Grand Traverse Bay Waterfront Condo! Sandy beach just feet away from your back ...	2 beds \| 1 baths \| 977 sq.ft.	$574,900	Airbnb cash on cash: 0.14% Traditional cash on cash: -0.94% Airbnb Rental Income: $2702 Traditional Rental Income: $1481 Airbnb ROI: 0.14% Traditional ROI: -0.94%
9659 E Harbor Hills Drive Traverse City, MI Check out this 4-bedroom, 3-bath home with main floor living that offers a blend of modern...	4 beds \| 3 baths \| 2,112 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.4% Airbnb Rental Income: $null Traditional Rental Income: $2742 Airbnb ROI: N/A Traditional ROI: 2.4%
312 W Thirteenth Street Traverse City, MI Beautiful 2 story contemporary home in the center of downtown Traverse City! Elegant desig...	3 beds \| 4 baths \| 2,590 sq.ft.	$750,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 2.09% Airbnb Rental Income: $1944 Traditional Rental Income: $3326 Airbnb ROI: -0.62% Traditional ROI: 2.09%
2305 US-31 N Traverse City, MI Condo with 200' of shared Grand Traverse Bay waterfront! Fully furnished 1BR/1BA condo, pe...	1 beds \| 1 baths \| 712 sq.ft.	$289,000	Airbnb cash on cash: 3.9% Traditional cash on cash: 2.47% Airbnb Rental Income: $2435 Traditional Rental Income: $1452 Airbnb ROI: 3.9% Traditional ROI: 2.47%
3325 Five Mile Road Traverse City, MI This charming 3-bedroom, 3-bathroom home, custom-built in 2016, is nestled on a sprawling ...	3 beds \| 3 baths \| 2,248 sq.ft.	$599,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 2.72% Airbnb Rental Income: $2477 Traditional Rental Income: $3029 Airbnb ROI: 0.66% Traditional ROI: 2.72%
2737 Green Meadows Drive Traverse City, MI Immaculate, well-maintained two bedroom condominium borders The Crown championship golf co...	2 beds \| 1 baths \| 800 sq.ft.	$219,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 2.51% Airbnb Rental Income: $1600 Traditional Rental Income: $1140 Airbnb ROI: 2.53% Traditional ROI: 2.51%
109 E Front Street #301 Traverse City, MI Step into sophistication with this stunning downtown condo, offering breathtaking views of...	2 beds \| 3 baths \| 2,192 sq.ft.	$2,299,999	Airbnb cash on cash: -1.97% Traditional cash on cash: -1.62% Airbnb Rental Income: $2753 Traditional Rental Income: $2854 Airbnb ROI: -1.97% Traditional ROI: -1.62%
543 South Creek Court Traverse City, MI Nestled in the serene South Creek subdivision of Traverse City, 543 South Creek Court beck...	3 beds \| 2 baths \| 2,076 sq.ft.	$489,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 2.35% Airbnb Rental Income: $2477 Traditional Rental Income: $2384 Airbnb ROI: 1.24% Traditional ROI: 2.35%
4410 Silver Valley Lane Traverse City, MI This two-story traditional home in the popular Silver Farms neighborhood features a new wa...	4 beds \| 3 baths \| 1,932 sq.ft.	$460,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.21% Airbnb Rental Income: $null Traditional Rental Income: $2568 Airbnb ROI: N/A Traditional ROI: 3.21%
2015 Seaview Drive Traverse City, MI Spacious freestanding detached condo with a bright, open floor plan offering main floor li...	2 beds \| 2 baths \| 1,396 sq.ft.	$339,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 5.58% Airbnb Rental Income: $2702 Traditional Rental Income: $2410 Airbnb ROI: 4.49% Traditional ROI: 5.58%
(UNIT 308) 330 E STATE STREET Traverse City, MI PENINSULA PLACE - a five story, 42 unit residential condominium project in the heart of do...	2 beds \| 3 baths \| 1,441 sq.ft.	$580,900	Airbnb cash on cash: 2.41% Traditional cash on cash: 3.84% Airbnb Rental Income: $3552 Traditional Rental Income: $3548 Airbnb ROI: 2.41% Traditional ROI: 3.84%
145 E Eighth Street #107 Traverse City, MI Welcome to your charming main floor condo located in Downtown Traverse City! This modern 1...	1 beds \| 1 baths \| 735 sq.ft.	$300,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 2.99% Airbnb Rental Income: $2385 Traditional Rental Income: $1743 Airbnb ROI: 3.19% Traditional ROI: 2.99%
6094 Beverly Drive Traverse City, MI AMAZING VALUE - BACK ON MARKET Discover Your Dream Home in Woodside Valleys Nestled in th...	4 beds \| 2 baths \| 1,865 sq.ft.	$339,995	Airbnb cash on cash: N/A Traditional cash on cash: 5.58% Airbnb Rental Income: $null Traditional Rental Income: $2355 Airbnb ROI: N/A Traditional ROI: 5.58%
1388-7 Gray Drive #7 Traverse City, MI GT Commons, relaxing, very classy, quiet upper-level condo w/ an extraordinary location on...	1 beds \| 1 baths \| 753 sq.ft.	$443,500	Airbnb cash on cash: 1.61% Traditional cash on cash: 1.66% Airbnb Rental Income: $2398 Traditional Rental Income: $1832 Airbnb ROI: 1.61% Traditional ROI: 1.66%
789 Munson Avenue Traverse City, MI Welcome to easy living on the shores of East Bay! This captivating property combines comfo...	3 beds \| 2 baths \| 2,072 sq.ft.	$1,700,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 0.45% Airbnb Rental Income: $2477 Traditional Rental Income: $2927 Airbnb ROI: -0.22% Traditional ROI: 0.45%
345 Kratky Drive Traverse City, MI Welcome to your dream home just minutes from downtown Traverse City! This beautifully fin...	4 beds \| 2 baths \| 1,648 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.21% Airbnb Rental Income: $null Traditional Rental Income: $2271 Airbnb ROI: N/A Traditional ROI: 3.21%
1040 Umber Drive Traverse City, MI This one is a gem! Practically brand new site condo located just minutes from all the ame...	2 beds \| 1 baths \| 850 sq.ft.	$260,000	Airbnb cash on cash: 5.51% Traditional cash on cash: 3.77% Airbnb Rental Income: $2702 Traditional Rental Income: $1637 Airbnb ROI: 5.51% Traditional ROI: 3.77%
124 W Gillis Street #6 Traverse City, MI Welcome to this extraordinary 2-bedroom, 2-bathroom condo in the heart of downtown Travers...	2 beds \| 2 baths \| 1,039 sq.ft.	$585,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 2.17% Airbnb Rental Income: $4000 Traditional Rental Income: $2659 Airbnb ROI: 3.06% Traditional ROI: 2.17%
4978 Meadowlark Lane Traverse City, MI HUGE PRICE REDUCTION!!! This is a must see!! You have arrived. Set in a tranquil rural are...	4 beds \| 2 baths \| 1,460 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.75% Airbnb Rental Income: $null Traditional Rental Income: $2138 Airbnb ROI: N/A Traditional ROI: 3.75%
119 E EIGHTH STREET Traverse City, MI Downtown Living at its Finest! Whether youre looking for a primary residence, a second hom...	2 beds \| 1 baths \| 892 sq.ft.	$439,900	Airbnb cash on cash: 3.97% Traditional cash on cash: 2.43% Airbnb Rental Income: $3552 Traditional Rental Income: $2137 Airbnb ROI: 3.97% Traditional ROI: 2.43%
1554 SIMSBURY STREET Traverse City, MI Winter Special pricing offered with a closing by February 14, 2025 - $419,900 from $439,90...	2 beds \| 2 baths \| 1,140 sq.ft.	$419,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 2.41% Airbnb Rental Income: $2702 Traditional Rental Income: $2036 Airbnb ROI: 2.48% Traditional ROI: 2.41%
1560 SIMSBURY STREET Traverse City, MI Winter Special pricing offered with a closing by February 14, 2025 - $349,900 from $369,90...	1 beds \| 1 baths \| 749 sq.ft.	$349,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 2.31% Airbnb Rental Income: $2435 Traditional Rental Income: $1683 Airbnb ROI: 2.79% Traditional ROI: 2.31%
1548 SIMSBURY STREET Traverse City, MI Winter Special pricing offered with a closing by February 14, 2025 - $419,900 from $439,90...	2 beds \| 2 baths \| 1,140 sq.ft.	$419,900	Airbnb cash on cash: 2.48% Traditional cash on cash: 2.41% Airbnb Rental Income: $2702 Traditional Rental Income: $2036 Airbnb ROI: 2.48% Traditional ROI: 2.41%
2514 CRESCENT SHORES DRIVE Traverse City, MI You won't find a finer spot with a sandy beach, than this DARLING LONG LAKE 2744 sq. ft. 4...	4 beds \| 3 baths \| 2,744 sq.ft.	$1,255,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.04% Airbnb Rental Income: $null Traditional Rental Income: $3098 Airbnb ROI: N/A Traditional ROI: 0.04%
6763 Galvin Road Traverse City, MI Discover a truly unique home, thoughtfully designed with both style and functionality in m...	1 beds \| 1 baths \| 480 sq.ft.	$389,900	Airbnb cash on cash: 3% Traditional cash on cash: 0.91% Airbnb Rental Income: $2398 Traditional Rental Income: $1047 Airbnb ROI: 3% Traditional ROI: 0.91%
630-316 S Garfield Avenue #316 Traverse City, MI Step right in and begin operations with this Turn Key offering. If you have been looking ...	2 beds \| 2 baths \| 897 sq.ft.	$346,500	Airbnb cash on cash: 3.53% Traditional cash on cash: 3.27% Airbnb Rental Income: $2702 Traditional Rental Income: $1979 Airbnb ROI: 3.53% Traditional ROI: 3.27%

Real Estate investment in Traverse-city, MI

There are 356 properties for sale in the city of Traverse City . The median list price in Traverse City is $451,232 and the average price per square foot is $237. In December 2024, the average monthly cash on cash return in Traverse City is 3.00%. The average monthly rental income in Traverse City is $2,285.

Traverse-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 356 investment properties available for sale in Traverse-city.

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

The ROI for Short-Term is higher than the Long-Term in Traverse-city with average rental income of $2,477.

Your search for investment property begins and ends here

Investment Property for Sale in Traverse City, MI

131 E EIGHTH STREET

Traverse City, MI

1 beds | 1 baths | 577 sq.ft.

$299,900

Airbnb cash on cash: 4.91%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $2385

Traditional Rental Income: $1497

Airbnb ROI: 4.91%

Traditional ROI: 3.84%

333 W GRANDVIEW PARKWAY

Traverse City, MI

2 beds | 2 baths | 1,210 sq.ft.

$375,000

Airbnb cash on cash: 5.95%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $3552

Traditional Rental Income: $1747

Airbnb ROI: 5.95%

Traditional ROI: 3.04%

4870 Black Bear Drive

Traverse City, MI

2 beds | 3 baths | 1,608 sq.ft.

$369,900

Airbnb cash on cash: 0.5%

Traditional cash on cash: 4.34%

Airbnb Rental Income: $1600

Traditional Rental Income: $2475

Airbnb ROI: 0.5%

Traditional ROI: 4.34%

129 FAIR STREET

Traverse City, MI

2 beds | 1 baths | 896 sq.ft.

$225,000

Airbnb cash on cash: 6.73%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $2702

Traditional Rental Income: $1232

Airbnb ROI: 6.73%

Traditional ROI: 2.83%

3801 Brook Drive

Traverse City, MI

2 beds | 1 baths | 864 sq.ft.

$230,000

Airbnb cash on cash: 2.9%

Traditional cash on cash: 4.09%

Airbnb Rental Income: $1600

Traditional Rental Income: $1403

Airbnb ROI: 2.9%

Traditional ROI: 4.09%

2305 US-31 N #206

Traverse City, MI

1 beds | 1 baths | 700 sq.ft.

$333,000

Airbnb cash on cash: 2%

Traditional cash on cash: 0.58%

Airbnb Rental Income: $2435

Traditional Rental Income: $1397

Airbnb ROI: 2%

Traditional ROI: 0.58%

3119 Holiday Village Road

Traverse City, MI

3 beds | 3 baths | 2,475 sq.ft.

$669,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 1.82%

Airbnb Rental Income: $2477

Traditional Rental Income: $2806

Airbnb ROI: 0.33%

Traditional ROI: 1.82%

1921 Lark Drive

Traverse City, MI

4 beds | 2 baths | 1,465 sq.ft.

$350,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.54%

Airbnb Rental Income: $null

Traditional Rental Income: $2082

Airbnb ROI: N/A