Real Estate Investment Properties for Sale in Allegan, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
840 Ely Street Allegan, MI Space, style, and standout outdoor living--welcome to 840 Ely St in Allegan Mi. Situated o...	4 beds \| 3 baths \| 2,700 sq.ft.	$419,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 1.52% Airbnb Rental Income: $1902 Traditional Rental Income: $1750 Airbnb ROI: 0.61% Traditional ROI: 1.52%
425 S Cedar Street Allegan, MI Welcome Home to this affordably priced 3-4 bedroom gem. Hilltop setting overlooking the Ka...	3 beds \| 1 baths \| 1,600 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $1829 Airbnb ROI: N/A Traditional ROI: 8.51%
117 Robinson Street Allegan, MI * Move In Ready * Enjoy the low maintenace perks of a metal roof (new in 2021!), vinyl sid...	3 beds \| 1 baths \| 1,236 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.32% Airbnb Rental Income: $null Traditional Rental Income: $1836 Airbnb ROI: N/A Traditional ROI: 6.32%
3658 Allegan Dam Road Allegan, MI This is the one: 3-bedroom, 3-bath ranch set on a quiet stretch just outside the city of A...	3 beds \| 3 baths \| 2,701 sq.ft.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $3013 Airbnb ROI: N/A Traditional ROI: 4.78%
3479 Dumont Road Allegan, MI Enjoy peaceful country living on this 2.97 acre ranch with 3 bedrooms, a potential 4th in ...	4 beds \| 1 baths \| 1,100 sq.ft.	$319,900	Airbnb cash on cash: 2.75% Traditional cash on cash: 4.52% Airbnb Rental Income: $1902 Traditional Rental Income: $1930 Airbnb ROI: 2.75% Traditional ROI: 4.52%
1804 Alexa Lane Allegan, MI OPEN HOUSE Sunday 4/19, 12:00-2:00 pm! Welcome to this charming Allegan home, where comfor...	3 beds \| 3 baths \| 1,976 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.04% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 6.04%
1938 Lincoln Road Allegan, MI Must See Beauty!! DETAILED 'Home Features List' attached. Buyer Concession: Seller to offe...	5 beds \| 4 baths \| 2,531 sq.ft.	$443,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.35% Airbnb Rental Income: $null Traditional Rental Income: $2978 Airbnb ROI: N/A Traditional ROI: 4.35%
4579 W 110th Avenue Allegan, MI Welcome to this charming home at 4579 W 110th Ave. This inviting residence features a spac...	3 beds \| 1 baths \| 1,364 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 4.62%
1202 Lincoln Road Allegan, MI Don't miss out on this SWEET home that boasts a brand new metal roof, privacy fence, septi...	2 beds \| 1 baths \| 1,340 sq.ft.	$129,900	Airbnb cash on cash: 4.31% Traditional cash on cash: 10.45% Airbnb Rental Income: $1282 Traditional Rental Income: $1646 Airbnb ROI: 4.31% Traditional ROI: 10.45%
4338 110th Avenue Allegan, MI Move-in Ready Two Bedroom/one Bath efficiency home. Large pole barn wit tall ceilings in o...	2 beds \| 1 baths \| 900 sq.ft.	$178,275	Airbnb cash on cash: 2.8% Traditional cash on cash: 6.37% Airbnb Rental Income: $1282 Traditional Rental Income: $1485 Airbnb ROI: 2.8% Traditional ROI: 6.37%
4477 104th Avenue Allegan, MI 38.85 acre hobby farm featuring cozy 3 bed 1 bath home with brazilian tigerwood flooring a...	3 beds \| 1 baths \| 2,026 sq.ft.	$555,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $1962 Airbnb ROI: N/A Traditional ROI: 2.22%
2529 Miner Lake Drive Allegan, MI Discover this beautifully updated 3-season cottage with 83 feet of sandy-bottom Miner Lake...	1 beds \| 1 baths \| 641 sq.ft.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.97% Airbnb Rental Income: $null Traditional Rental Income: $1359 Airbnb ROI: N/A Traditional ROI: 0.97%
360 N Sherman Street Allegan, MI New home in River Ridge Village, Allegan SD just completed. This thoughtfully designed two...	4 beds \| 3 baths \| 1,910 sq.ft.	$354,900	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.42% Airbnb Rental Income: $1902 Traditional Rental Income: $2280 Airbnb ROI: 2.76% Traditional ROI: 5.42%
362 N Sherman Street Allegan, MI New construction home ready now in River Ridge Village in Allegan school district. This ho...	2 beds \| 3 baths \| 1,798 sq.ft.	$329,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.81% Airbnb Rental Income: $1282 Traditional Rental Income: $2057 Airbnb ROI: 0.01% Traditional ROI: 3.81%
2303 38th Street Allegan, MI Have you ever dreamed of living in a castle? Inspired by the 15th century gothic period bu...	5 beds \| 4 baths \| 7,529 sq.ft.	$2,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $3845 Airbnb ROI: N/A Traditional ROI: 0.1%
328 Thomas Street Allegan, MI Ranch style home in a great area. There are many great features. Three bedrooms, full walk...	3 beds \| 1 baths \| 1,608 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $1891 Airbnb ROI: N/A Traditional ROI: 3.48%
1841 Teepee Trail Allegan, MI Welcome to this updated 1 bedroom/1 bathroom home in Indian Shores community, with deeded ...	1 beds \| 1 baths \| 918 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.72% Airbnb Rental Income: $null Traditional Rental Income: $1538 Airbnb ROI: N/A Traditional ROI: 5.72%
370 Sherman Street Allegan, MI New construction home in River Ridge Village, Allegan SD. This distinctive two-story home ...	5 beds \| 3 baths \| 2,083 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.27% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 7.27%
3513 Monroe Road Allegan, MI Experience lakeside luxury with this move-in-ready, 3-bedroom, 1-bathroom home offering ov...	3 beds \| 1 baths \| 1,615 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.65% Airbnb Rental Income: $null Traditional Rental Income: $2024 Airbnb ROI: N/A Traditional ROI: 4.65%
2523 Vanhorn Court Allegan, MI Miner lake access with two dedicated dock spaces!! Don't miss this rare opportunity to hav...	4 beds \| 3 baths \| 1,564 sq.ft.	$700,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 2.38% Airbnb Rental Income: $1902 Traditional Rental Income: $2905 Airbnb ROI: 0.07% Traditional ROI: 2.38%
368 N Sherman Street Allegan, MI New home in River Ridge Village, Allegan SD just completed. This thoughtfully designed two...	4 beds \| 3 baths \| 1,910 sq.ft.	$344,900	Airbnb cash on cash: 2.87% Traditional cash on cash: 7.79% Airbnb Rental Income: $1902 Traditional Rental Income: $2989 Airbnb ROI: 2.87% Traditional ROI: 7.79%
4373 Macdougall Drive Allegan, MI NEW CONSTUCTION great recreational Area in Allegan ATV trails many lakes for fishing or al...	3 beds \| 2 baths \| 1,512 sq.ft.	$224,999	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 8.58%
3680 Allegan Dam Road Allegan, MI Very Spacious Home With Huge Closets ! Over 2400 Sq Ft Of Ranch Home Sitting On About Thre...	3 beds \| 3 baths \| 2,400 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A Traditional ROI: 5.35%
3683 109th Avenue Allegan, MI Classic Brick Tudor with 5 bedrooms and 3 full baths on 2.6 acres for $299,900. Main floor...	5 beds \| 3 baths \| 2,280 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.95% Airbnb Rental Income: $null Traditional Rental Income: $3098 Airbnb ROI: N/A Traditional ROI: 8.95%
1791 33rd Street Allegan, MI Brand new roof with transferable lifetime warranty - This home is tucked away on a quiet d...	4 beds \| 2 baths \| 1,728 sq.ft.	$320,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 6.01% Airbnb Rental Income: $1902 Traditional Rental Income: $2429 Airbnb ROI: 2.58% Traditional ROI: 6.01%
466 27th Street Allegan, MI Unique opportunity to own a Organic blueberry operation complete with gas and mineral righ...	3 beds \| 1 baths \| 1,384 sq.ft.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.11% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 0.11%
4066 Lake Drive Allegan, MI Dreamy Lake Retreat! A paradise for the outdoors person looking for a country setting with...	3 beds \| 2 baths \| 1,726 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.6% Airbnb Rental Income: $null Traditional Rental Income: $2592 Airbnb ROI: N/A Traditional ROI: 2.6%
3511 Lake Allegan Drive Allegan, MI 2 bed, 2 full bath home with frontage on beautiful Lake Allegan! Enjoy stunning lake views...	2 beds \| 2 baths \| 1,040 sq.ft.	$335,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.12% Airbnb Rental Income: $1282 Traditional Rental Income: $1934 Airbnb ROI: 0.77% Traditional ROI: 4.12%
124 Eastern Avenue Allegan, MI Whether you're a savvy investor or a DIY enthusiast looking for a custom starter home, thi...	2 beds \| 1 baths \| 782 sq.ft.	$110,000	Airbnb cash on cash: 5.4% Traditional cash on cash: 9.66% Airbnb Rental Income: $1282 Traditional Rental Income: $1333 Airbnb ROI: 5.4% Traditional ROI: 9.66%
4232 117th Avenue Allegan, MI Tucked away on a peaceful wooded setting, this inviting 3-bedroom, 2 full bath home offers...	3 beds \| 2 baths \| 1,547 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $2233 Airbnb ROI: N/A Traditional ROI: 4.37%
3330 115th Avenue Allegan, MI Imagine never waiting at the bus stop again! All of the schools are minutes away from your...	3 beds \| 1 baths \| 1,100 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.03% Airbnb Rental Income: $null Traditional Rental Income: $1673 Airbnb ROI: N/A Traditional ROI: 6.03%
3502 Monroe Road Allegan, MI Welcome home to this spacious and beautifully maintained 4-bedroom, 2.5-bath property set ...	4 beds \| 3 baths \| 1,540 sq.ft.	$279,900	Airbnb cash on cash: 2.86% Traditional cash on cash: 7.36% Airbnb Rental Income: $1902 Traditional Rental Income: $2585 Airbnb ROI: 2.86% Traditional ROI: 7.36%
161 North Street Allegan, MI Welcome to this charming traditional home offering comfort, functionality, and flexible li...	2 beds \| 1 baths \| 1,230 sq.ft.	$179,900	Airbnb cash on cash: 1.68% Traditional cash on cash: 5.79% Airbnb Rental Income: $1282 Traditional Rental Income: $1582 Airbnb ROI: 1.68% Traditional ROI: 5.79%
3517 Lake Allegan Drive Allegan, MI Looking for a little slice of lake heaven then look no further than this perfect hideaway ...	1 beds \| 1 baths \| 728 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.51% Airbnb Rental Income: $null Traditional Rental Income: $1365 Airbnb ROI: N/A Traditional ROI: 2.51%
1845 Crystal Lane Allegan, MI Tucked away in the countryside this spacious 4 bed, 3 bath home sits on 1 acre. The lower ...	4 beds \| 3 baths \| 2,514 sq.ft.	$339,900	Airbnb cash on cash: 1.36% Traditional cash on cash: 5.46% Airbnb Rental Income: $1902 Traditional Rental Income: $2705 Airbnb ROI: 1.36% Traditional ROI: 5.46%
211 Western Avenue Allegan, MI Welcome to this spacious 4-bedroom, 1.5-bath home located in the heart of Allegan! Offerin...	4 beds \| 2 baths \| 1,591 sq.ft.	$215,000	Airbnb cash on cash: 4.02% Traditional cash on cash: 9.04% Airbnb Rental Income: $1902 Traditional Rental Income: $2420 Airbnb ROI: 4.02% Traditional ROI: 9.04%
1759 Grant Drive Allegan, MI Why rent when you can own? This beautifully remodeled home is the perfect opportunity to s...	2 beds \| 1 baths \| 672 sq.ft.	$135,000	Airbnb cash on cash: 4.56% Traditional cash on cash: 7.72% Airbnb Rental Income: $1282 Traditional Rental Income: $1290 Airbnb ROI: 4.56% Traditional ROI: 7.72%
1692 Ryan Woods Court Allegan, MI Check out this beautiful 4-bedroom, 2.5-bath home nestled on a quiet 2-acre lot in Allegan...	4 beds \| 3 baths \| 2,618 sq.ft.	$399,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 6.41% Airbnb Rental Income: $1902 Traditional Rental Income: $3399 Airbnb ROI: 1.06% Traditional ROI: 6.41%

Real Estate investment in Allegan, MI

There are 64 properties for sale in the city of Allegan . The median list price in Allegan is $300,000 and the average price per square foot is $174. In April 2026, the average monthly cash on cash return in Allegan is 6.00%. The average monthly rental income in Allegan is $2,095.

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

There are 64 investment properties available for sale in Allegan.

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

The ROI for Long-Term is higher than the Short-Term in Allegan with average rental income of $2,095.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

840 Ely Street

Allegan, MI

4 beds | 3 baths | 2,700 sq.ft.

$419,000

Airbnb cash on cash: 0.61%

Traditional cash on cash: 1.52%

Airbnb Rental Income: $1902

Traditional Rental Income: $1750

Airbnb ROI: 0.61%

Traditional ROI: 1.52%

425 S Cedar Street

Allegan, MI

3 beds | 1 baths | 1,600 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.51%

Airbnb Rental Income: $null

Traditional Rental Income: $1829

Airbnb ROI: N/A

Traditional ROI: 8.51%

117 Robinson Street

Allegan, MI

3 beds | 1 baths | 1,236 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1836

Airbnb ROI: N/A

Traditional ROI: 6.32%

3658 Allegan Dam Road

Allegan, MI

3 beds | 3 baths | 2,701 sq.ft.

$469,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.78%

Airbnb Rental Income: $null

Traditional Rental Income: $3013

Airbnb ROI: N/A

Traditional ROI: 4.78%

3479 Dumont Road

Allegan, MI

4 beds | 1 baths | 1,100 sq.ft.

$319,900

Airbnb cash on cash: 2.75%

Traditional cash on cash: 4.52%

Airbnb Rental Income: $1902

Traditional Rental Income: $1930

Airbnb ROI: 2.75%

Traditional ROI: 4.52%

1804 Alexa Lane

Allegan, MI

3 beds | 3 baths | 1,976 sq.ft.

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.04%

Airbnb Rental Income: $null

Traditional Rental Income: $2306

Airbnb ROI: N/A

Traditional ROI: 6.04%

1938 Lincoln Road

Allegan, MI

5 beds | 4 baths | 2,531 sq.ft.

$443,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.35%

Airbnb Rental Income: $null

Traditional Rental Income: $2978

Airbnb ROI: N/A

Traditional ROI: 4.35%

4579 W 110th Avenue

Allegan, MI

3 beds | 1 baths | 1,364 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.62%

Airbnb Rental Income: $null

Traditional Rental Income: $1963

Airbnb ROI: N/A