Real Estate Investment Properties for Sale in Alger, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1724 Middle Point Drive Alger, MI Waterfront property on Secord Lake/ Tittabawassee River! Home is situated on a small canal...	2 beds \| 3 baths \| 2,625 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $2750 Airbnb ROI: N/A Traditional ROI: 6.89%
2528 Gardner Alger, MI Waterfront home with several outbuildings perched above the Tittabawassee River - boatable...	2 beds \| 1 baths \| 1,419 sq.ft.	$199,500	Airbnb cash on cash: N/A Traditional cash on cash: 8.44% Airbnb Rental Income: $null Traditional Rental Income: $2167 Airbnb ROI: N/A Traditional ROI: 8.44%
1107 Northern Trail Alger, MI Riverfront Retreat on the Rifle River! Nestled on a scenic 0.52-acre lot with 70 feet of f...	2 beds \| 1 baths \| 978 sq.ft.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.1% Airbnb Rental Income: $null Traditional Rental Income: $1789 Airbnb ROI: N/A Traditional ROI: 9.1%
1520 Northwoods Drive Alger, MI Move-in-ready 2-bedroom, 1-bath ranch situated on two combined lots in a peaceful country ...	2 beds \| 1 baths \| 960 sq.ft.	$114,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.61% Airbnb Rental Income: $null Traditional Rental Income: $1511 Airbnb ROI: N/A Traditional ROI: 10.61%
2115 Drummond Road Alger, MI MOTIVATED SELLER - HOME WARRANTY INCLUDED - HEATED POLE BARN - DETACHED GARAGE - PRIVATE S...	3 beds \| 3 baths \| 1,416 sq.ft.	$254,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $2497 Airbnb ROI: N/A Traditional ROI: 7.47%
4527 River Lane Alger, MI Enjoy waterfront living at its finest in this charming 3-bedroom, 2 full bath home, perfec...	3 beds \| 2 baths \| 1,040 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.78% Airbnb Rental Income: $null Traditional Rental Income: $2115 Airbnb ROI: N/A Traditional ROI: 6.78%
5840 Wildwood Road Alger, MI Premier 400+/- Acre Hunting & Recreational Estate - Gladwin County, Michigan Tucked into t...	3 beds \| 1 baths \| 1,800 sq.ft.	$1,400,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.45% Airbnb Rental Income: $null Traditional Rental Income: $1900 Airbnb ROI: N/A Traditional ROI: -0.45%
5826 S Morrison Road Alger, MI Welcome to Acorn Ridge, a 160 +/- acre recreational and hunting property located in southe...	4 beds \| 2 baths \| 1,936 sq.ft.	$749,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.97% Airbnb Rental Income: $null Traditional Rental Income: $2730 Airbnb ROI: N/A Traditional ROI: 1.97%
1767 W Greenwood Road Alger, MI Welcome to this spacious 1,992 sq. ft. country home set on 11.5 beautifully wooded acres, ...	3 beds \| 2 baths \| 1,992 sq.ft.	$336,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.51% Airbnb Rental Income: $null Traditional Rental Income: $2616 Airbnb ROI: N/A Traditional ROI: 6.51%
4941 E Shore Alger, MI Experience exceptional, somewhat secluded, waterfront living with this beautifully updated...	3 beds \| 2 baths \| 2,018 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $2974 Airbnb ROI: N/A Traditional ROI: 4.63%
2120 Campfire Trail Alger, MI Nestled along the beautiful Rifle River, this charming chalet-style cottage offers a rare ...	3 beds \| 1 baths \| 935 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.59% Airbnb Rental Income: $null Traditional Rental Income: $1844 Airbnb ROI: N/A Traditional ROI: 6.59%
4867 E Shore Drive Alger, MI Welcome to your family's next chapter. This beloved waterfront retreat tucked along the Mi...	4 beds \| 2 baths \| 1,834 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.78% Airbnb Rental Income: $null Traditional Rental Income: $2569 Airbnb ROI: N/A Traditional ROI: 3.78%
4867 E Shore Alger, MI Welcome to your family's next chapter. This beloved waterfront retreat tucked along the Mi...	4 beds \| 2 baths \| 1,834 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.64% Airbnb Rental Income: $null Traditional Rental Income: $2944 Airbnb ROI: N/A Traditional ROI: 4.64%
1912 Godbold Alger, MI Privacy awaits at your cabin in the woods! It's all about birds and bear up here! Located ...	3 beds \| 2 baths \| 1,722 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.91% Airbnb Rental Income: $null Traditional Rental Income: $2687 Airbnb ROI: N/A Traditional ROI: 5.91%
1850 E M 30 Alger, MI Calling all hunters! This property boast a beautiful 20 acres of prime hunting with trails...	3 beds \| 2 baths \| 1,216 sq.ft.	$170,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.2% Airbnb Rental Income: $null Traditional Rental Income: $1990 Airbnb ROI: N/A Traditional ROI: 9.2%
1501 Michael Drive Alger, MI Secluded Northern cottage includes 3 parcels, newer metal roof.. tucked away in the woods ...	2 beds \| 1 baths \| 864 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.55% Airbnb Rental Income: $null Traditional Rental Income: $1549 Airbnb ROI: N/A Traditional ROI: 9.55%
4107 Pine Street Alger, MI Welcome to your ultimate Northern Michigan escape and prime investment opportunity! Situat...	1 beds \| 1 baths \| 672 sq.ft.	$189,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.94% Airbnb Rental Income: $null Traditional Rental Income: $1681 Airbnb ROI: N/A Traditional ROI: 6.94%
1769 E M-30 Alger, MI Escape to your private riverfront paradise w/ this rare 2-bed, 2-bath home w/ ensuite nest...	2 beds \| 2 baths \| 1,652 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.35% Airbnb Rental Income: $null Traditional Rental Income: $2552 Airbnb ROI: N/A Traditional ROI: 8.35%

Real Estate investment in Alger, MI

There are 23 properties for sale in the city of Alger . The median list price in Alger is $209,750 and the average price per square foot is $155. In July 2026, the average monthly cash on cash return in Alger is 8.00%. The average monthly rental income in Alger is $2,132.

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

There are 23 investment properties available for sale in Alger.

In 2026, the best neighborhood to buy investment property is Alger.

The ROI for Short-Term is higher than the Long-Term in Alger with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Alger, MI

1724 Middle Point Drive

Alger, MI

2 beds | 3 baths | 2,625 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.89%

Airbnb Rental Income: $null

Traditional Rental Income: $2750

Airbnb ROI: N/A

Traditional ROI: 6.89%

2528 Gardner

Alger, MI

2 beds | 1 baths | 1,419 sq.ft.

$199,500

Airbnb cash on cash: N/A

Traditional cash on cash: 8.44%

Airbnb Rental Income: $null

Traditional Rental Income: $2167

Airbnb ROI: N/A

Traditional ROI: 8.44%

1107 Northern Trail

Alger, MI

2 beds | 1 baths | 978 sq.ft.

$164,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.1%

Airbnb Rental Income: $null

Traditional Rental Income: $1789

Airbnb ROI: N/A

Traditional ROI: 9.1%

1520 Northwoods Drive

Alger, MI

2 beds | 1 baths | 960 sq.ft.

$114,000

Airbnb cash on cash: N/A

Traditional cash on cash: 10.61%

Airbnb Rental Income: $null

Traditional Rental Income: $1511

Airbnb ROI: N/A

Traditional ROI: 10.61%

2115 Drummond Road

Alger, MI

3 beds | 3 baths | 1,416 sq.ft.

$254,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2497

Airbnb ROI: N/A

Traditional ROI: 7.47%

4527 River Lane

Alger, MI

3 beds | 2 baths | 1,040 sq.ft.

$229,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.78%

Airbnb Rental Income: $null

Traditional Rental Income: $2115

Airbnb ROI: N/A

Traditional ROI: 6.78%

5840 Wildwood Road

Alger, MI

3 beds | 1 baths | 1,800 sq.ft.

$1,400,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1900

Airbnb ROI: N/A

Traditional ROI: -0.45%

5826 S Morrison Road

Alger, MI

4 beds | 2 baths | 1,936 sq.ft.

$749,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.97%

Airbnb Rental Income: $null

Traditional Rental Income: $2730

Airbnb ROI: N/A