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
1812 Tomahawk Trail Allegan, MI Enjoy summer breezes and beautiful sunsets with access to Lake Allegan!! Spacious living r...	4 beds \| 3 baths \| 1,770 sq.ft.	$349,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 6.67% Airbnb Rental Income: $2286 Traditional Rental Income: $2982 Airbnb ROI: 2.81% Traditional ROI: 6.67%
2516 Vanhorn Court Allegan, MI A fantastic home ready to become your new lake living serenity. This expansive home offers...	4 beds \| 5 baths \| 3,238 sq.ft.	$519,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 8.94% Airbnb Rental Income: $2286 Traditional Rental Income: $5510 Airbnb ROI: 1.13% Traditional ROI: 8.94%
221 Bridge Road Allegan, MI Step into this beautifully updated 2 bedroom, 1 bath home, that has been thoughtfully reno...	2 beds \| 1 baths \| 1,040 sq.ft.	$260,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 2.82% Airbnb Rental Income: $1233 Traditional Rental Income: $1415 Airbnb ROI: 0.47% Traditional ROI: 2.82%
2847 28th Street Allegan, MI Welcome home! Beautifully maintained 3-bedroom, 2.5-bath Cape Cod nestled on 21 picturesqu...	3 beds \| 3 baths \| 2,469 sq.ft.	$690,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.66% Airbnb Rental Income: $null Traditional Rental Income: $3256 Airbnb ROI: N/A Traditional ROI: 2.66%
1890 Dillingham Drive Allegan, MI Well maintained ranch walkout on scenic Dumont Creek with deeded access to Lake Allegan. O...	4 beds \| 3 baths \| 2,955 sq.ft.	$553,333	Airbnb cash on cash: 0.78% Traditional cash on cash: 4.19% Airbnb Rental Income: $2286 Traditional Rental Income: $3476 Airbnb ROI: 0.78% Traditional ROI: 4.19%
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.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.63% Airbnb Rental Income: $null Traditional Rental Income: $1365 Airbnb ROI: N/A Traditional ROI: 2.63%
715 Marshall Street Allegan, MI Beautifully maintained home situated on a peaceful 1.04-acre lot with a huge partially woo...	4 beds \| 1 baths \| 1,764 sq.ft.	$250,000	Airbnb cash on cash: 4.18% Traditional cash on cash: 2.82% Airbnb Rental Income: $2286 Traditional Rental Income: $1396 Airbnb ROI: 4.18% Traditional ROI: 2.82%
207 Cherry Street Allegan, MI 3 bed, 1.5 bath home in excellent location. Just a little TLC will go a long way. Newer fu...	3 beds \| 2 baths \| 1,376 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $1603 Airbnb ROI: N/A Traditional ROI: 6.68%
47 Wayne Street Allegan, MI Charming Ranch Retreat Near Downtown Allegan! Nestled at the end of a quiet cul-de-sac, th...	3 beds \| 1 baths \| 1,040 sq.ft.	$199,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $1113 Airbnb ROI: N/A Traditional ROI: 2.27%
659 Academy Street Allegan, MI Welcome to this beautifully updated, turnkey ranch tucked away on a quiet street in the Ci...	3 beds \| 1 baths \| 1,577 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.08% Airbnb Rental Income: $null Traditional Rental Income: $1177 Airbnb ROI: N/A Traditional ROI: 2.08%
1804 Alexa Lane Allegan, MI Open house May 28, 5-7 pm!! Welcome to this charming Allegan home, where comfort meets con...	3 beds \| 3 baths \| 1,976 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.83% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 5.83%
3509 Lake Allegan Drive Allegan, MI Embrace the ultimate lakefront lifestyle just in time for summer on the spectacular 1,600 ...	4 beds \| 2 baths \| 2,062 sq.ft.	$624,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 0.87% Airbnb Rental Income: $2286 Traditional Rental Income: $1896 Airbnb ROI: 0.56% Traditional ROI: 0.87%
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.	$440,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $2978 Airbnb ROI: N/A Traditional ROI: 4.39%
507 N Main Street Allegan, MI 4+ bedroom, 2.5 bath home in Allegan offers over 2,300 sq ft of comfortable living on a co...	5 beds \| 3 baths \| 2,398 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2694 Airbnb ROI: N/A Traditional ROI: 6.5%
417 Monroe Street Allegan, MI Step into this beautifully well-maintained home in the heart of Allegan, offering the perf...	3 beds \| 1 baths \| 1,392 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.32% Airbnb Rental Income: $null Traditional Rental Income: $1871 Airbnb ROI: N/A Traditional ROI: 5.32%
3309 Dumont Lake Drive Allegan, MI Escape to this inviting cottage where relaxed lake living meets comfort and charm.This wel...	2 beds \| 1 baths \| 960 sq.ft.	$339,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 2.9% Airbnb Rental Income: $1233 Traditional Rental Income: $1545 Airbnb ROI: 0.68% Traditional ROI: 2.9%
3290 Signal Point Drive Allegan, MI Thoughtfully designed 3-bedroom, 1-1/2 bath ranch home sits on .41-acre corner lot. 1,332 ...	3 beds \| 2 baths \| 1,332 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $2889 Airbnb ROI: N/A Traditional ROI: 6.01%
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.	$327,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.75% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 4.75%
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.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.02% Airbnb Rental Income: $null Traditional Rental Income: $1359 Airbnb ROI: N/A Traditional ROI: 1.02%
362 N Sherman Street Allegan, MI New home ready NOW in River Ridge Village in Allegan school district. Quick possession. Th...	2 beds \| 3 baths \| 1,798 sq.ft.	$319,900	Airbnb cash on cash: -0.05% Traditional cash on cash: 4% Airbnb Rental Income: $1233 Traditional Rental Income: $2057 Airbnb ROI: -0.05% Traditional ROI: 4%
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.	$2,095,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.12% Airbnb Rental Income: $null Traditional Rental Income: $3845 Airbnb ROI: N/A Traditional ROI: 0.12%
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.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.26% Airbnb Rental Income: $null Traditional Rental Income: $1538 Airbnb ROI: N/A Traditional ROI: 6.26%
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: 0.56% Traditional cash on cash: 2.38% Airbnb Rental Income: $2286 Traditional Rental Income: $2905 Airbnb ROI: 0.56% Traditional ROI: 2.38%
3680 Allegan Dam Road Allegan, MI	3 beds \| 4 baths \| 2,400 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A 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.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.3% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 0.3%
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.	$310,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 4.52% Airbnb Rental Income: $1233 Traditional Rental Income: $1934 Airbnb ROI: 0.77% Traditional ROI: 4.52%
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.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $2233 Airbnb ROI: N/A Traditional ROI: 5%
2545 Lorraine Drive Allegan, MI Experience modern comfort in this stunning 2-bedroom, 3-full-bath barndominium in Allegan ...	2 beds \| 3 baths \| 2,250 sq.ft.	$650,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 3.09% Airbnb Rental Income: $1233 Traditional Rental Income: $3296 Airbnb ROI: -0.96% Traditional ROI: 3.09%
451 27th Street Allegan, MI Don't Miss This Beautiful Country Home... This home offers a complete update with New kitc...	4 beds \| 3 baths \| 2,796 sq.ft.	$549,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 4.22% Airbnb Rental Income: $2286 Traditional Rental Income: $2891 Airbnb ROI: 1.93% Traditional ROI: 4.22%
3545 115th Avenue Allegan, MI Welcome to 3545 115th Ave in Allegan, where fresh updates, extra space, and a peaceful set...	4 beds \| 2 baths \| 1,488 sq.ft.	$329,900	Airbnb cash on cash: 3.13% Traditional cash on cash: 5.08% Airbnb Rental Income: $2286 Traditional Rental Income: $2321 Airbnb ROI: 3.13% Traditional ROI: 5.08%
2903 106th Avenue Allegan, MI Discover your own private retreat with this cozy home on acreage, featuring one-third owne...	3 beds \| 2 baths \| 2,632 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2907 Airbnb ROI: N/A Traditional ROI: 5.01%
223 N Walnut Street Allegan, MI This historic home showcases timeless character and classic features that truly transport ...	3 beds \| 2 baths \| 2,575 sq.ft.	$278,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 6.5%
4188 107th Avenue Allegan, MI 1 bed, 1 bath manufactured home situated on approximately 1 acre with 125 feet of frontage...	1 beds \| 1 baths \| 420 sq.ft.	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.29% Airbnb Rental Income: $null Traditional Rental Income: $1327 Airbnb ROI: N/A Traditional ROI: 8.29%
1671 Pineland Path Allegan, MI Tucked away on 2.25 acres bordering the breathtaking Allegan State Game Area and less than...	4 beds \| 2 baths \| 1,718 sq.ft.	$432,500	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.13% Airbnb Rental Income: $2286 Traditional Rental Income: $2602 Airbnb ROI: 1.94% Traditional ROI: 4.13%
4206 S Shore Drive Allegan, MI Welcome to 4206 S Shore Dr! This cozy one bed one bath home is a perfect summer retreat! T...	1 beds \| 1 baths \| 532 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.82% Airbnb Rental Income: $null Traditional Rental Income: $1273 Airbnb ROI: N/A Traditional ROI: 7.82%
215 N Cedar Street Allegan, MI A Victorian Masterpiece in Allegan's Historic District. This stunning Victorian beauty, ne...	4 beds \| 2 baths \| 2,821 sq.ft.	$299,900	Airbnb cash on cash: 4.11% Traditional cash on cash: 8.25% Airbnb Rental Income: $2286 Traditional Rental Income: $2884 Airbnb ROI: 4.11% Traditional ROI: 8.25%
3450 Snow Farm Lane Allegan, MI This exceptional lakefront home offers a thoughtfully designed living space on nearly 5 pr...	5 beds \| 4 baths \| 3,502 sq.ft.	$1,440,590	Airbnb cash on cash: N/A Traditional cash on cash: 1.54% Airbnb Rental Income: $null Traditional Rental Income: $4612 Airbnb ROI: N/A Traditional ROI: 1.54%
3220 Fairhaven Drive Allegan, MI Dreaming of living on the water? This beautiful ranch style home in Allegan has the perfec...	4 beds \| 4 baths \| 3,652 sq.ft.	$595,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 5.92% Airbnb Rental Income: $2286 Traditional Rental Income: $4294 Airbnb ROI: 1.28% Traditional ROI: 5.92%

Real Estate investment in Allegan, MI

There are 84 properties for sale in the city of Allegan . The median list price in Allegan is $224,884 and the average price per square foot is $123. In June 2026, the average monthly cash on cash return in Allegan is 6.00%. The average monthly rental income in Allegan is $2,321.

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

There are 84 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 $2,321.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

1812 Tomahawk Trail

Allegan, MI

4 beds | 3 baths | 1,770 sq.ft.

$349,900

Airbnb cash on cash: 2.81%

Traditional cash on cash: 6.67%

Airbnb Rental Income: $2286

Traditional Rental Income: $2982

Airbnb ROI: 2.81%

Traditional ROI: 6.67%

2516 Vanhorn Court

Allegan, MI

4 beds | 5 baths | 3,238 sq.ft.

$519,900

Airbnb cash on cash: 1.13%

Traditional cash on cash: 8.94%

Airbnb Rental Income: $2286

Traditional Rental Income: $5510

Airbnb ROI: 1.13%

Traditional ROI: 8.94%

221 Bridge Road

Allegan, MI

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

$260,000

Airbnb cash on cash: 0.47%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $1233

Traditional Rental Income: $1415

Airbnb ROI: 0.47%

Traditional ROI: 2.82%

2847 28th Street

Allegan, MI

3 beds | 3 baths | 2,469 sq.ft.

$690,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.66%

Airbnb Rental Income: $null

Traditional Rental Income: $3256

Airbnb ROI: N/A

Traditional ROI: 2.66%

1890 Dillingham Drive

Allegan, MI

4 beds | 3 baths | 2,955 sq.ft.

$553,333

Airbnb cash on cash: 0.78%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $2286

Traditional Rental Income: $3476

Airbnb ROI: 0.78%

Traditional ROI: 4.19%

3517 Lake Allegan Drive

Allegan, MI

1 beds | 1 baths | 728 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1365

Airbnb ROI: N/A

Traditional ROI: 2.63%

715 Marshall Street

Allegan, MI

4 beds | 1 baths | 1,764 sq.ft.

$250,000

Airbnb cash on cash: 4.18%

Traditional cash on cash: 2.82%

Airbnb Rental Income: $2286

Traditional Rental Income: $1396

Airbnb ROI: 4.18%

Traditional ROI: 2.82%

207 Cherry Street

Allegan, MI

3 beds | 2 baths | 1,376 sq.ft.

$159,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.68%

Airbnb Rental Income: $null

Traditional Rental Income: $1603

Airbnb ROI: N/A