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
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.	$499,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 9.35% Airbnb Rental Income: $2151 Traditional Rental Income: $5510 Airbnb ROI: 0.98% Traditional ROI: 9.35%
553 Ely Street Allegan, MI Charming home at an affordable price! This 3-bedroom, 2-bath home offers a functional layo...	3 beds \| 2 baths \| 1,492 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.33% Airbnb Rental Income: $null Traditional Rental Income: $2249 Airbnb ROI: N/A Traditional ROI: 9.33%
1918 43RD Street Allegan, MI Ultimate 10.1-acre wooded retreat in Allegan! Directly bordering state land with a private...	4 beds \| 3 baths \| 1,902 sq.ft.	$548,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 3.35% Airbnb Rental Income: $2151 Traditional Rental Income: $2764 Airbnb ROI: 1.08% Traditional ROI: 3.35%
3348 127th Avenue Allegan, MI Country home on over 2 acres. Home sits back off the road. 3 bedrooms, 2 bathrooms, Living...	3 beds \| 2 baths \| 1,288 sq.ft.	$327,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.47% Airbnb Rental Income: $null Traditional Rental Income: $1770 Airbnb ROI: N/A Traditional ROI: 3.47%
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.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.85% Airbnb Rental Income: $null Traditional Rental Income: $1113 Airbnb ROI: N/A Traditional ROI: 2.85%
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.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $1177 Airbnb ROI: N/A Traditional ROI: 2.26%
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: 0.37% Traditional cash on cash: 0.87% Airbnb Rental Income: $2151 Traditional Rental Income: $1896 Airbnb ROI: 0.37% Traditional ROI: 0.87%
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.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $1871 Airbnb ROI: N/A Traditional ROI: 5.87%
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.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 4.79%
3189 125th Avenue Allegan, MI Welcome to 3189 125th Ave, a beautifully preserved farmhouse that is rich in history and f...	3 beds \| 2 baths \| 1,734 sq.ft.	$574,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $2655 Airbnb ROI: N/A Traditional ROI: 3.27%
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%
370 Sherman Street Allegan, MI New construction home in River Ridge Village, Allegan READY NOW! This two-story home is 72...	5 beds \| 3 baths \| 2,083 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.76% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 7.76%
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: 0.39% Traditional cash on cash: 2.38% Airbnb Rental Income: $2151 Traditional Rental Income: $2905 Airbnb ROI: 0.39% Traditional ROI: 2.38%
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 \| 4 baths \| 2,400 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.6% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A Traditional ROI: 6.6%
4328 105th Avenue Allegan, MI Welcome to this well-maintained manufactured home in Allegan, Michigan, offering 1,976 squ...	4 beds \| 3 baths \| 1,976 sq.ft.	$252,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 9.84% Airbnb Rental Income: $2151 Traditional Rental Income: $2883 Airbnb ROI: 4.47% Traditional ROI: 9.84%
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.	$279,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 5.13% Airbnb Rental Income: $1948 Traditional Rental Income: $1934 Airbnb ROI: 3.23% Traditional ROI: 5.13%
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.	$299,900	Airbnb cash on cash: 3.14% Traditional cash on cash: 5.68% Airbnb Rental Income: $2151 Traditional Rental Income: $2321 Airbnb ROI: 3.14% Traditional ROI: 5.68%
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.	$267,800	Airbnb cash on cash: N/A Traditional cash on cash: 6.8% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 6.8%
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.	$119,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 8.52% Airbnb Rental Income: $779 Traditional Rental Income: $1273 Airbnb ROI: 1.5% Traditional ROI: 8.52%
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.	$294,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 8.4% Airbnb Rental Income: $2151 Traditional Rental Income: $2884 Airbnb ROI: 3.79% Traditional ROI: 8.4%
3450 Snow Farm Lane Allegan, MI PRICE REDUCED! Exceptional lakefront retreat on nearly 5 private acres with 279 feet of fr...	5 beds \| 4 baths \| 3,502 sq.ft.	$1,340,590	Airbnb cash on cash: N/A Traditional cash on cash: 1.73% Airbnb Rental Income: $null Traditional Rental Income: $4612 Airbnb ROI: N/A Traditional ROI: 1.73%
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.	$555,000	Airbnb cash on cash: 1.22% Traditional cash on cash: 6.41% Airbnb Rental Income: $2151 Traditional Rental Income: $4294 Airbnb ROI: 1.22% Traditional ROI: 6.41%
4137 Monroe Road Allegan, MI Set gracefully beyond a long, tree-lined drive, this extraordinary residence offers a kind...	5 beds \| 3 baths \| 3,329 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $3398 Airbnb ROI: N/A Traditional ROI: 4.52%
361 N Sherman Street Allegan, MI New construction home READY NOW in River Ridge Village in the Allegan School District. Thi...	5 beds \| 3 baths \| 2,083 sq.ft.	$354,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.93% Airbnb Rental Income: $null Traditional Rental Income: $3116 Airbnb ROI: N/A Traditional ROI: 7.93%
2535 Miner Lake Drive Allegan, MI Miner Lake Waterfront. 65' of frontage on All Sports Miner Lake. Beautiful views of the La...	4 beds \| 3 baths \| 3,145 sq.ft.	$700,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.53% Airbnb Rental Income: $2151 Traditional Rental Income: $3589 Airbnb ROI: 0.49% Traditional ROI: 3.53%
315 N Main Street Allegan, MI Price Reduced! Great home in the heart of Allegan features 3 bedrooms and 2 1/2 bathrooms....	3 beds \| 3 baths \| 2,008 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.14% Airbnb Rental Income: $null Traditional Rental Income: $2822 Airbnb ROI: N/A Traditional ROI: 8.14%
3652 118th Avenue Allegan, MI Nestled on a private wooded setting with exclusive water frontage, this extraordinary 4-be...	4 beds \| 4 baths \| 4,034 sq.ft.	$1,395,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.9% Airbnb Rental Income: $2151 Traditional Rental Income: $4515 Airbnb ROI: -0.34% Traditional ROI: 1.9%
3433 Gray Fox Lane Allegan, MI OPEN HOUSE THURSDAY 7/16 5:00-6:30 PM! New construction! This stunning bi-level home offer...	2 beds \| 1 baths \| 993 sq.ft.	$324,900	Airbnb cash on cash: 3.01% Traditional cash on cash: 4.33% Airbnb Rental Income: $1948 Traditional Rental Income: $1836 Airbnb ROI: 3.01% Traditional ROI: 4.33%
330 Catherine Court Allegan, MI Tucked away on a rare 1.3-acre wooded lot with approximately 134 feet of Kalamazoo River f...	4 beds \| 1 baths \| 2,048 sq.ft.	$298,900	Airbnb cash on cash: 3.56% Traditional cash on cash: 5.52% Airbnb Rental Income: $2151 Traditional Rental Income: $2157 Airbnb ROI: 3.56% Traditional ROI: 5.52%
832 Highbanks Drive #19 Allegan, MI Here's your chance to be part of the very desirable Highbanks Condominium Community! Move ...	3 beds \| 3 baths \| 2,140 sq.ft.	$320,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.96% Airbnb Rental Income: $null Traditional Rental Income: $3135 Airbnb ROI: N/A Traditional ROI: 7.96%
367 N Sherman Street Allegan, MI New construction home completing in Dec/Jan 2026 in River Ridge Village in the Allegan sch...	3 beds \| 3 baths \| 1,798 sq.ft.	$334,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.87% Airbnb Rental Income: $null Traditional Rental Income: $2934 Airbnb ROI: N/A Traditional ROI: 7.87%
352 N Sherman Street Allegan, MI New construction home in River Ridge Village in the Allegan school district. This thoughtf...	4 beds \| 3 baths \| 1,910 sq.ft.	$324,900	Airbnb cash on cash: 3.79% Traditional cash on cash: 8.58% Airbnb Rental Income: $2151 Traditional Rental Income: $3067 Airbnb ROI: 3.79% Traditional ROI: 8.58%
3828 Ryan Woods Circle Allegan, MI Welcome to this well-maintained 4-bedroom, 2.5-bath home in the Ryan Woods community. Situ...	4 beds \| 3 baths \| 1,830 sq.ft.	$374,500	Airbnb cash on cash: 1.93% Traditional cash on cash: 2.34% Airbnb Rental Income: $2151 Traditional Rental Income: $1750 Airbnb ROI: 1.93% Traditional ROI: 2.34%
3697 118th Avenue Allegan, MI Peaceful privacy can be found in this well kept 4 bedroom 2 bath home situated on a double...	4 beds \| 2 baths \| 1,680 sq.ft.	$399,900	Airbnb cash on cash: 2.2% Traditional cash on cash: 4.58% Airbnb Rental Income: $2151 Traditional Rental Income: $2497 Airbnb ROI: 2.2% Traditional ROI: 4.58%
3108 Dumont Road Allegan, MI Welcome to 3108 Dumont Rd. 4.95 picturesque acres, this log cabin offers over 3,800 sq ft ...	3 beds \| 2 baths \| 3,860 sq.ft.	$422,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.47% Airbnb Rental Income: $null Traditional Rental Income: $2420 Airbnb ROI: N/A Traditional ROI: 4.47%
117 Knapp Street Allegan, MI This beautifully maintained home features all new replacement windows, a fully remodeled k...	3 beds \| 2 baths \| 1,330 sq.ft.	$229,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.17% Airbnb Rental Income: $null Traditional Rental Income: $2127 Airbnb ROI: N/A Traditional ROI: 7.17%
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.	$255,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 2.89% Airbnb Rental Income: $1948 Traditional Rental Income: $1415 Airbnb ROI: 2.97% Traditional ROI: 2.89%

Real Estate investment in Allegan, MI

There are 93 properties for sale in the city of Allegan . The median list price in Allegan is $222,367 and the average price per square foot is $122. In September 2026, the average monthly cash on cash return in Allegan is 5.00%. The average monthly rental income in Allegan is $2,118.

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

There are 93 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 $2,118.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

2516 Vanhorn Court

Allegan, MI

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

$499,000

Airbnb cash on cash: 0.98%

Traditional cash on cash: 9.35%

Airbnb Rental Income: $2151

Traditional Rental Income: $5510

Airbnb ROI: 0.98%

Traditional ROI: 9.35%

553 Ely Street

Allegan, MI

3 beds | 2 baths | 1,492 sq.ft.

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2249

Airbnb ROI: N/A

Traditional ROI: 9.33%

1918 43RD Street

Allegan, MI

4 beds | 3 baths | 1,902 sq.ft.

$548,000

Airbnb cash on cash: 1.08%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $2151

Traditional Rental Income: $2764

Airbnb ROI: 1.08%

Traditional ROI: 3.35%

3348 127th Avenue

Allegan, MI

3 beds | 2 baths | 1,288 sq.ft.

$327,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.47%

Airbnb Rental Income: $null

Traditional Rental Income: $1770

Airbnb ROI: N/A

Traditional ROI: 3.47%

47 Wayne Street

Allegan, MI

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

$189,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.85%

Airbnb Rental Income: $null

Traditional Rental Income: $1113

Airbnb ROI: N/A

Traditional ROI: 2.85%

659 Academy Street

Allegan, MI

3 beds | 1 baths | 1,577 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.26%

Airbnb Rental Income: $null

Traditional Rental Income: $1177

Airbnb ROI: N/A

Traditional ROI: 2.26%

3509 Lake Allegan Drive

Allegan, MI

4 beds | 2 baths | 2,062 sq.ft.

$624,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 0.87%

Airbnb Rental Income: $2151

Traditional Rental Income: $1896

Airbnb ROI: 0.37%

Traditional ROI: 0.87%

417 Monroe Street

Allegan, MI

3 beds | 1 baths | 1,392 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1871

Airbnb ROI: N/A