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: 7.04% Traditional cash on cash: 3.84% Airbnb Rental Income: $3107 Traditional Rental Income: $1497 Airbnb ROI: 7.04% 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: 5.82% Traditional cash on cash: 3.04% Airbnb Rental Income: $3499 Traditional Rental Income: $1747 Airbnb ROI: 5.82% 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.	$379,900	Airbnb cash on cash: 4.96% Traditional cash on cash: 4.16% Airbnb Rental Income: $3540 Traditional Rental Income: $2475 Airbnb ROI: 4.96% Traditional ROI: 4.16%
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: 9.55% Traditional cash on cash: 2.83% Airbnb Rental Income: $3422 Traditional Rental Income: $1232 Airbnb ROI: 9.55% Traditional ROI: 2.83%
9295 S Majestic Ridge Drive Traverse City, MI Priced under appraisal!!! Stunning Water Views!!! Perched high on Majestic Ridge is this m...	5 beds \| 4 baths \| 4,934 sq.ft.	$1,995,000	Airbnb cash on cash: 1.12% Traditional cash on cash: -0.44% Airbnb Rental Income: $8459 Traditional Rental Income: $3970 Airbnb ROI: 1.12% Traditional ROI: -0.44%
139 E EIGHTH STREET Traverse City, MI Traverse City downtown cool, urban condominium. Conveniently located on Eighth Street betw...	1 beds \| 1 baths \| 577 sq.ft.	$309,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 2.3% Airbnb Rental Income: $3107 Traditional Rental Income: $1497 Airbnb ROI: 5.41% Traditional ROI: 2.3%
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: 3.49% Traditional cash on cash: 0.58% Airbnb Rental Income: $2995 Traditional Rental Income: $1397 Airbnb ROI: 3.49% 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: 3.28% Traditional cash on cash: 1.82% Airbnb Rental Income: $4688 Traditional Rental Income: $2806 Airbnb ROI: 3.28% Traditional ROI: 1.82%
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: 2.45% Traditional cash on cash: 1.34% Airbnb Rental Income: $2694 Traditional Rental Income: $1571 Airbnb ROI: 2.45% 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: 4.2% Traditional cash on cash: 2.1% Airbnb Rental Income: $3513 Traditional Rental Income: $1913 Airbnb ROI: 4.2% 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: 0.06% Traditional cash on cash: -0.5% Airbnb Rental Income: $3540 Traditional Rental Income: $2329 Airbnb ROI: 0.06% Traditional ROI: -0.5%
7423 Westwind Road Traverse City, MI Perfectly situated at the base of Old Mission Peninsula, this meticulously cared for 4-bed...	4 beds \| 4 baths \| 4,645 sq.ft.	$1,075,000	Airbnb cash on cash: 3.68% Traditional cash on cash: 1.2% Airbnb Rental Income: $7789 Traditional Rental Income: $3820 Airbnb ROI: 3.68% Traditional ROI: 1.2%
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.	$430,000	Airbnb cash on cash: 8.17% Traditional cash on cash: 2.97% Airbnb Rental Income: $5522 Traditional Rental Income: $2318 Airbnb ROI: 8.17% Traditional ROI: 2.97%
1021 E Front Street Traverse City, MI Just minutes from downtown Traverse City and a stone's throw from West Bay, this charming ...	2 beds \| 3 baths \| 1,713 sq.ft.	$420,000	Airbnb cash on cash: 3.98% Traditional cash on cash: 4.1% Airbnb Rental Income: $3422 Traditional Rental Income: $2710 Airbnb ROI: 3.98% Traditional ROI: 4.1%
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: 1.26% Traditional cash on cash: -0.94% Airbnb Rental Income: $3422 Traditional Rental Income: $1481 Airbnb ROI: 1.26% 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.	$595,000	Airbnb cash on cash: 9.43% Traditional cash on cash: 2.24% Airbnb Rental Income: $8313 Traditional Rental Income: $2742 Airbnb ROI: 9.43% Traditional ROI: 2.24%
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: 5.61% Traditional cash on cash: 2.47% Airbnb Rental Income: $2995 Traditional Rental Income: $1452 Airbnb ROI: 5.61% 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.	$615,000	Airbnb cash on cash: 3.79% Traditional cash on cash: 2.59% Airbnb Rental Income: $4688 Traditional Rental Income: $3029 Airbnb ROI: 3.79% Traditional ROI: 2.59%
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: -1.73% Traditional cash on cash: -1.62% Airbnb Rental Income: $3359 Traditional Rental Income: $2854 Airbnb ROI: -1.73% 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: 5.27% Traditional cash on cash: 2.35% Airbnb Rental Income: $4688 Traditional Rental Income: $2384 Airbnb ROI: 5.27% Traditional ROI: 2.35%
133 Uptown Court Traverse City, MI Set along the scenic Boardman River in downtown Traverse City, this luxury 4-bed, 4-bath t...	4 beds \| 4 baths \| 4,595 sq.ft.	$2,325,000	Airbnb cash on cash: 0.5% Traditional cash on cash: -0.63% Airbnb Rental Income: $7744 Traditional Rental Income: $3842 Airbnb ROI: 0.5% Traditional ROI: -0.63%
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.	$350,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 5.39% Airbnb Rental Income: $3422 Traditional Rental Income: $2410 Airbnb ROI: 6.16% Traditional ROI: 5.39%
(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: 2.33% Traditional cash on cash: 3.84% Airbnb Rental Income: $3499 Traditional Rental Income: $3548 Airbnb ROI: 2.33% 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: 5.32% Traditional cash on cash: 2.99% Airbnb Rental Income: $3107 Traditional Rental Income: $1743 Airbnb ROI: 5.32% Traditional ROI: 2.99%
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.	$449,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 1.61% Airbnb Rental Income: $2694 Traditional Rental Income: $1832 Airbnb ROI: 2.14% Traditional ROI: 1.61%
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: 0.95% Traditional cash on cash: 0.45% Airbnb Rental Income: $4688 Traditional Rental Income: $2927 Airbnb ROI: 0.95% Traditional ROI: 0.45%
559 BLOOMFIELD ROAD Traverse City, MI Nestled at the base of Old Mission, this beautifully remodeled ranch home is perfect for a...	3 beds \| 3 baths \| 2,445 sq.ft.	$597,000	Airbnb cash on cash: 4.46% Traditional cash on cash: 3.24% Airbnb Rental Income: $4492 Traditional Rental Income: $2878 Airbnb ROI: 4.46% Traditional ROI: 3.24%
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: 7.95% Traditional cash on cash: 3.77% Airbnb Rental Income: $3422 Traditional Rental Income: $1637 Airbnb ROI: 7.95% Traditional ROI: 3.77%
4102 North Spider Lake Road Traverse City, MI Charming 2 BR, 2 bath home located on the picturesque Spider Lake in Traverse City. This ...	2 beds \| 2 baths \| 1,428 sq.ft.	$439,000	Airbnb cash on cash: 3.73% Traditional cash on cash: 2.91% Airbnb Rental Income: $3422 Traditional Rental Income: $2328 Airbnb ROI: 3.73% Traditional ROI: 2.91%
12064 S Elk Run Traverse City, MI Welcome to Cedar Creek Commons! This rare stand-alone condo is a true gem, offering privac...	3 beds \| 2 baths \| 1,332 sq.ft.	$369,500	Airbnb cash on cash: 8.37% Traditional cash on cash: 2.68% Airbnb Rental Income: $4872 Traditional Rental Income: $1896 Airbnb ROI: 8.37% Traditional ROI: 2.68%
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: 3.87% Traditional cash on cash: 2.43% Airbnb Rental Income: $3499 Traditional Rental Income: $2137 Airbnb ROI: 3.87% Traditional ROI: 2.43%
1554 SIMSBURY STREET Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 2 BR, 1.5 BA c...	2 beds \| 2 baths \| 1,140 sq.ft.	$439,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 2.19% Airbnb Rental Income: $3422 Traditional Rental Income: $2036 Airbnb ROI: 3.71% Traditional ROI: 2.19%
1560 SIMSBURY STREET Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 1 BR, 1 BA end...	1 beds \| 1 baths \| 749 sq.ft.	$369,900	Airbnb cash on cash: 3.85% Traditional cash on cash: 2.05% Airbnb Rental Income: $2995 Traditional Rental Income: $1683 Airbnb ROI: 3.85% Traditional ROI: 2.05%
1548 SIMSBURY STREET Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 2 BR, 1.5 BA c...	2 beds \| 2 baths \| 1,140 sq.ft.	$439,900	Airbnb cash on cash: 3.71% Traditional cash on cash: 2.19% Airbnb Rental Income: $3422 Traditional Rental Income: $2036 Airbnb ROI: 3.71% Traditional ROI: 2.19%
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: 2.65% Traditional cash on cash: 0.04% Airbnb Rental Income: $7590 Traditional Rental Income: $3098 Airbnb ROI: 2.65% 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: 3.67% Traditional cash on cash: 0.91% Airbnb Rental Income: $2694 Traditional Rental Income: $1047 Airbnb ROI: 3.67% Traditional ROI: 0.91%
2491 Harbor Reach Drive Traverse City, MI Gorgeous Old Mission Peninsula home with 194 feet of shared West Bay Frontage. Contemporar...	4 beds \| 3 baths \| 2,950 sq.ft.	$735,000	Airbnb cash on cash: 6.51% Traditional cash on cash: 2.13% Airbnb Rental Income: $7789 Traditional Rental Income: $3303 Airbnb ROI: 6.51% Traditional ROI: 2.13%
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: 5.37% Traditional cash on cash: 3.27% Airbnb Rental Income: $3422 Traditional Rental Income: $1979 Airbnb ROI: 5.37% Traditional ROI: 3.27%
811 Centre Street Traverse City, MI Welcome to this charming, well-maintained ranch home in the heart of downtown Traverse Cit...	3 beds \| 2 baths \| 1,120 sq.ft.	$350,000	Airbnb cash on cash: 8.5% Traditional cash on cash: 5.3% Airbnb Rental Income: $4688 Traditional Rental Income: $2664 Airbnb ROI: 8.5% Traditional ROI: 5.3%
4910 GRAYHAWK BOULEVARD Traverse City, MI A rare offering in the Grayhawk subdivision. This is an ideal place to live with its conve...	4 beds \| 4 baths \| 2,881 sq.ft.	$1,099,000	Airbnb cash on cash: 3.29% Traditional cash on cash: 0.51% Airbnb Rental Income: $7590 Traditional Rental Income: $3286 Airbnb ROI: 3.29% Traditional ROI: 0.51%

Real Estate investment in Traverse-city, MI

There are 334 properties for sale in the city of Traverse City . The median list price in Traverse City is $459,000 and the average price per square foot is $234. In November 2024, the average monthly cash on cash return in Traverse City is 3.00%. The average monthly rental income in Traverse City is $2,313.

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

There are 334 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 $4,688.

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: 7.04%

Traditional cash on cash: 3.84%

Airbnb Rental Income: $3107

Traditional Rental Income: $1497

Airbnb ROI: 7.04%

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: 5.82%

Traditional cash on cash: 3.04%

Airbnb Rental Income: $3499

Traditional Rental Income: $1747

Airbnb ROI: 5.82%

Traditional ROI: 3.04%

4870 Black Bear Drive

Traverse City, MI

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

$379,900

Airbnb cash on cash: 4.96%

Traditional cash on cash: 4.16%

Airbnb Rental Income: $3540

Traditional Rental Income: $2475

Airbnb ROI: 4.96%

Traditional ROI: 4.16%

129 FAIR STREET

Traverse City, MI

2 beds | 1 baths | 896 sq.ft.

$225,000

Airbnb cash on cash: 9.55%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $3422

Traditional Rental Income: $1232

Airbnb ROI: 9.55%

Traditional ROI: 2.83%

9295 S Majestic Ridge Drive

Traverse City, MI

5 beds | 4 baths | 4,934 sq.ft.

$1,995,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: -0.44%

Airbnb Rental Income: $8459

Traditional Rental Income: $3970

Airbnb ROI: 1.12%

Traditional ROI: -0.44%

139 E EIGHTH STREET

Traverse City, MI

1 beds | 1 baths | 577 sq.ft.

$309,000

Airbnb cash on cash: 5.41%

Traditional cash on cash: 2.3%

Airbnb Rental Income: $3107

Traditional Rental Income: $1497

Airbnb ROI: 5.41%

Traditional ROI: 2.3%

2305 US-31 N #206

Traverse City, MI

1 beds | 1 baths | 700 sq.ft.

$333,000

Airbnb cash on cash: 3.49%

Traditional cash on cash: 0.58%

Airbnb Rental Income: $2995

Traditional Rental Income: $1397

Airbnb ROI: 3.49%

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: 3.28%

Traditional cash on cash: 1.82%

Airbnb Rental Income: $4688

Traditional Rental Income: $2806

Airbnb ROI: 3.28%