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.

Condos for Sale in Traverse City, MI

Search for Condo for Sale in Traverse City, Michigan. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 154 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
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%
1825 #446 E Eighth Street #446 Traverse City, MI Fully furnished------- Brand new 2 bed 2 bath short term rental friendly condo in Traverse...	2 beds \| 2 baths \| 935 sq.ft.	$365,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 2.87% Airbnb Rental Income: $2702 Traditional Rental Income: $1940 Airbnb ROI: 3.23% Traditional ROI: 2.87%
1825 #332 E Eighth Street #332 Traverse City, MI Fully furnished----- Brand new 2 bed 2 bath short term rental friendly condo in Traverse C...	2 beds \| 2 baths \| 935 sq.ft.	$365,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 2.87% Airbnb Rental Income: $2702 Traditional Rental Income: $1940 Airbnb ROI: 3.23% Traditional ROI: 2.87%
1542 SIMSBURY STREET Traverse City, MI Winter Special pricing offered with a closing by February 14, 2025 - $389,900 from $419,90...	2 beds \| 2 baths \| 1,140 sq.ft.	$389,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 2.79% Airbnb Rental Income: $2702 Traditional Rental Income: $2036 Airbnb ROI: 2.86% Traditional ROI: 2.79%
1141 E Eighth Street #1 Traverse City, MI Carefree living lifestyle in downtown Traverse City on desirable Eighth Street. Short Term...	1 beds \| 1 baths \| 750 sq.ft.	$260,000	Airbnb cash on cash: 5.06% Traditional cash on cash: 4.36% Airbnb Rental Income: $2435 Traditional Rental Income: $1669 Airbnb ROI: 5.06% Traditional ROI: 4.36%
708 Randolph Street #206 Traverse City, MI Your perfect condo in the heart of Downtown Traverse City! This condo boasts a cool and co...	2 beds \| 2 baths \| 923 sq.ft.	$535,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.38% Airbnb Rental Income: $1600 Traditional Rental Income: $2048 Airbnb ROI: -0.43% Traditional ROI: 1.38%
261 Thrive Boulevard #3 Traverse City, MI Welcome to Traverse Cityâs Newest Condominium Community â Thrive TC! Discover modern ...	3 beds \| 2 baths \| 1,126 sq.ft.	$299,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 4.07% Airbnb Rental Income: $2477 Traditional Rental Income: $1955 Airbnb ROI: 3.79% Traditional ROI: 4.07%
271 Thrive Boulevard #5 Traverse City, MI Welcome to Traverse Cityâs Newest Condominium Community â Thrive TC! Discover modern l...	3 beds \| 2 baths \| 1,126 sq.ft.	$299,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 4.07% Airbnb Rental Income: $2477 Traditional Rental Income: $1955 Airbnb ROI: 3.79% Traditional ROI: 4.07%
1759 Linden Avenue #46 Traverse City, MI Under Construction - One story handicap accessible ready duplex condo with 3â-0â inter...	3 beds \| 3 baths \| 2,460 sq.ft.	$459,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 3.95% Airbnb Rental Income: $2477 Traditional Rental Income: $2875 Airbnb ROI: 1.62% Traditional ROI: 3.95%
1763 Linden Avenue #45 Traverse City, MI Under Construction - One story handicap accessible ready duplex condo with 3â-0â inter...	3 beds \| 3 baths \| 2,460 sq.ft.	$459,000	Airbnb cash on cash: 1.62% Traditional cash on cash: 3.95% Airbnb Rental Income: $2477 Traditional Rental Income: $2875 Airbnb ROI: 1.62% Traditional ROI: 3.95%
1825 #102 E Eighth Street #102 Traverse City, MI Fully Furnished---Brand new 1 bed 1 bath short term rental friendly condo in Traverse City...	1 beds \| 1 baths \| 612 sq.ft.	$229,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 4.52% Airbnb Rental Income: $2435 Traditional Rental Income: $1619 Airbnb ROI: 5.55% Traditional ROI: 4.52%
714 #308 Randolph Street #308 Traverse City, MI Enjoy convenient urban condo living, just steps away from West Grand Traverse Bay, all whi...	2 beds \| 2 baths \| 1,095 sq.ft.	$559,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 2.31% Airbnb Rental Income: $1600 Traditional Rental Income: $2211 Airbnb ROI: 0.26% Traditional ROI: 2.31%
714 #206 Randolph Street #206 Traverse City, MI Enjoy convenient urban condo living, just steps away from West Grand Traverse Bay, all whi...	2 beds \| 2 baths \| 923 sq.ft.	$579,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.15% Airbnb Rental Income: $1600 Traditional Rental Income: $2124 Airbnb ROI: 0.34% Traditional ROI: 2.15%
1026 Centre Street #2 Traverse City, MI MOVE IN READY! Introducing Your New Home in the Heart of Traverse City! Location, Locat...	2 beds \| 3 baths \| 1,311 sq.ft.	$349,900	Airbnb cash on cash: 3.47% Traditional cash on cash: 4.19% Airbnb Rental Income: $2702 Traditional Rental Income: $2298 Airbnb ROI: 3.47% Traditional ROI: 4.19%
1026 Centre Street #1 Traverse City, MI MOVE IN READY! Introducing Your New Home in the Heart of Traverse City! Location, Locat...	2 beds \| 3 baths \| 1,311 sq.ft.	$354,900	Airbnb cash on cash: 3.39% Traditional cash on cash: 4.14% Airbnb Rental Income: $2702 Traditional Rental Income: $2313 Airbnb ROI: 3.39% Traditional ROI: 4.14%
1825 #333 E Eighth Street #333 Traverse City, MI Fully furnished----- Brand new 2 bed 2 bath short term rental friendly condo in Traverse C...	2 beds \| 2 baths \| 935 sq.ft.	$365,000	Airbnb cash on cash: 4.15% Traditional cash on cash: 3.28% Airbnb Rental Income: $2702 Traditional Rental Income: $1765 Airbnb ROI: 4.15% Traditional ROI: 3.28%
1026 Centre Street #4 Traverse City, MI MOVE IN READY! Introducing Your New Home in the Heart of Traverse City! Location, Locat...	2 beds \| 3 baths \| 1,311 sq.ft.	$354,900	Airbnb cash on cash: 4.3% Traditional cash on cash: 4.48% Airbnb Rental Income: $2702 Traditional Rental Income: $2123 Airbnb ROI: 4.3% Traditional ROI: 4.48%
3790 Woodgate Drive Traverse City, MI Embrace the ultimate combination of comfort and convenience in Traverse City's sought-afte...	2 beds \| 2 baths \| 960 sq.ft.	$289,900	Airbnb cash on cash: 4.69% Traditional cash on cash: 4.48% Airbnb Rental Income: $2702 Traditional Rental Income: $2004 Airbnb ROI: 4.69% Traditional ROI: 4.48%

Your search for investment property begins and ends here

Condos 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%

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%

800 Cottageview Drive #317

Traverse City, MI

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

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

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%