Real Estate Investment Properties for Sale in Alpena, MI

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

Explore a variety of short-term homes & houses in Alpena, MI. Invest wisely with VRBO & Alpena, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Boro Investment Property for Sale in Alpena, MI

Search for Boro Investment Property for Sale in Alpena, Michigan. Browse all of Mashvisor’s Boro Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 38 Boro Investment Property 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
101 Kensington Court Alpena, MI Beautiful home in a desirable neighborhood situated on a corner lot near the junior high s...	4 beds \| 2 baths \| 2,604 sq.ft.	$439,900	Airbnb cash on cash: 0.42% Traditional cash on cash: 2.18% Airbnb Rental Income: $1407 Traditional Rental Income: $1708 Airbnb ROI: 0.42% Traditional ROI: 2.18%
101 Island View Drive Alpena, MI This home is truly move-in ready, reflecting the pride of meticulous ownership. It's packe...	3 beds \| 2 baths \| 2,088 sq.ft.	$269,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 8.51% Airbnb Rental Income: $949 Traditional Rental Income: $2707 Airbnb ROI: 0.21% Traditional ROI: 8.51%
1921 Long Rapids Road Alpena, MI Modern Riverfront Living on the Thunder Bay River Tucked into a natural wooded setting whe...	5 beds \| 3 baths \| 4,146 sq.ft.	$620,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 4.78% Airbnb Rental Income: $1340 Traditional Rental Income: $3729 Airbnb ROI: -0.06% Traditional ROI: 4.78%
232 S First Avenue Alpena, MI Step into timeless elegance with this 6000 plus sq ft, two story, four bedroom, six bath r...	4 beds \| 5 baths \| 6,791 sq.ft.	$895,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 5.88% Airbnb Rental Income: $1407 Traditional Rental Income: $6415 Airbnb ROI: -0.64% Traditional ROI: 5.88%
635 W Washington Avenue Alpena, MI A RARE GEM right within the city limits! This stunning 4-bedroom, 4- full bathroom home of...	4 beds \| 4 baths \| 3,237 sq.ft.	$524,500	Airbnb cash on cash: 0.26% Traditional cash on cash: 5.63% Airbnb Rental Income: $1407 Traditional Rental Income: $3615 Airbnb ROI: 0.26% Traditional ROI: 5.63%
920 Sable Street Alpena, MI Own this beautiful two-bedroom, two-bath home with well cared for hardwood floors, main le...	2 beds \| 2 baths \| 2,508 sq.ft.	$199,900	Airbnb cash on cash: -1.07% Traditional cash on cash: 9.93% Airbnb Rental Income: $560 Traditional Rental Income: $2365 Airbnb ROI: -1.07% Traditional ROI: 9.93%
121 Channel Road 1 Alpena, MI NEW AC, water heater, and heating system. This channel-front home offers direct access to ...	3 beds \| 2 baths \| 1,950 sq.ft.	$415,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 5.36% Airbnb Rental Income: $949 Traditional Rental Income: $2889 Airbnb ROI: -0.52% Traditional ROI: 5.36%
330 Island View Drive Alpena, MI Welcome to one of Alpena's desirable neighborhoods. This spacious home offers the perfect ...	4 beds \| 4 baths \| 3,822 sq.ft.	$395,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 8.42% Airbnb Rental Income: $1407 Traditional Rental Income: $3954 Airbnb ROI: 0.4% Traditional ROI: 8.42%
14021 Morrow Road Alpena, MI Tucked away at the end of a quiet dead-end road, this property offers a rare opportunity t...	5 beds \| 1 baths \| 1,843 sq.ft.	$389,900	Airbnb cash on cash: -0.24% Traditional cash on cash: 1.67% Airbnb Rental Income: $1340 Traditional Rental Income: $1626 Airbnb ROI: -0.24% Traditional ROI: 1.67%
6234 French Road Alpena, MI Pleasant ranch home on paved road just minutes from town and Long Lake boat launch. Many u...	3 beds \| 1 baths \| 1,352 sq.ft.	$177,500	Airbnb cash on cash: 1.35% Traditional cash on cash: 10.08% Airbnb Rental Income: $949 Traditional Rental Income: $2076 Airbnb ROI: 1.35% Traditional ROI: 10.08%
433 W Lincoln Street Alpena, MI Make this your next home! Located in close proximity to many of the amenities offered in A...	3 beds \| 1 baths \| 1,264 sq.ft.	$185,000	Airbnb cash on cash: 0.8% Traditional cash on cash: 10.09% Airbnb Rental Income: $949 Traditional Rental Income: $2236 Airbnb ROI: 0.8% Traditional ROI: 10.09%
567 Long Rapids Road Alpena, MI Great City location with all the feel of country living. Short distance to the hospital an...	4 beds \| 2 baths \| 1,866 sq.ft.	$269,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 8.4% Airbnb Rental Income: $1407 Traditional Rental Income: $2770 Airbnb ROI: 1.39% Traditional ROI: 8.4%
104 Birdie Lane Alpena, MI This delightful 2-bedroom, 1-bath home sits just steps from the golf course-fitting for it...	2 beds \| 1 baths \| 1,650 sq.ft.	$159,200	Airbnb cash on cash: -0.53% Traditional cash on cash: 9.05% Airbnb Rental Income: $560 Traditional Rental Income: $1733 Airbnb ROI: -0.53% Traditional ROI: 9.05%
701 S Brooke Street Alpena, MI One level living! You will enjoy the open spaces in this rambling ranch. Large living room...	3 beds \| 2 baths \| 1,500 sq.ft.	$170,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 11.38% Airbnb Rental Income: $949 Traditional Rental Income: $2223 Airbnb ROI: 1.38% Traditional ROI: 11.38%
1711 LAKE WINYAH Alpena, MI COZY 2290 SQ FOOT BI LEVEL SITTING ON 1 ACRE OF STUNNING LAND. THIS HOME NOT ONLY FEATURES...	4 beds \| 2 baths \| 2,290 sq.ft.	$250,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 9.85% Airbnb Rental Income: $1407 Traditional Rental Income: $2894 Airbnb ROI: 1.76% Traditional ROI: 9.85%
6815 Wessel Road Alpena, MI Well-maintained 2003 manufactured featuring a custom walk-in shower and functional living ...	3 beds \| 2 baths \| 1,260 sq.ft.	$225,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.96% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: -0.13% Traditional ROI: 2.96%
602 S Brooke Street Alpena, MI Well-maintained 3-bedroom, 2-bathroom home in a convenient location close to schools, rest...	3 beds \| 2 baths \| 1,518 sq.ft.	$172,900	Airbnb cash on cash: 0.58% Traditional cash on cash: 4.57% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: 0.58% Traditional ROI: 4.57%
193 Woodland Drive Alpena, MI Fixer upper special. 3 bedroom 1 bath home. Full unfinished basement. Beautiful exterior b...	3 beds \| 1 baths \| 1,245 sq.ft.	$105,000	Airbnb cash on cash: 2.5% Traditional cash on cash: 8.96% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: 2.5% Traditional ROI: 8.96%
8558 N Point Shores Road Alpena, MI Newer, custom built ranch boasting 100' of frontage on majestic Lake Huron. Panoramic view...	3 beds \| 2 baths \| 1,806 sq.ft.	$525,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 0.59% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: -0.76% Traditional ROI: 0.59%
1125 Sheridan Drive Alpena, MI Charming 3-bedroom, 1-bath home offering efficient living with a quaint footprint and thou...	3 beds \| 1 baths \| 960 sq.ft.	$149,500	Airbnb cash on cash: 1.05% Traditional cash on cash: 5.65% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: 1.05% Traditional ROI: 5.65%
2453 Hobbs Drive Alpena, MI Welcome to this beautifully maintained, one-owner ranch home which hosts 3-bedroom, 1-bath...	3 beds \| 1 baths \| 1,168 sq.ft.	$147,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 6.83% Airbnb Rental Income: $949 Traditional Rental Income: $1260 Airbnb ROI: 2.15% Traditional ROI: 6.83%

Your search for investment property begins and ends here

Boro Investment Property for Sale in Alpena, MI

101 Kensington Court

Alpena, MI

4 beds | 2 baths | 2,604 sq.ft.

$439,900

Airbnb cash on cash: 0.42%

Traditional cash on cash: 2.18%

Airbnb Rental Income: $1407

Traditional Rental Income: $1708

Airbnb ROI: 0.42%

Traditional ROI: 2.18%

101 Island View Drive

Alpena, MI

3 beds | 2 baths | 2,088 sq.ft.

$269,000

Airbnb cash on cash: 0.21%

Traditional cash on cash: 8.51%

Airbnb Rental Income: $949

Traditional Rental Income: $2707

Airbnb ROI: 0.21%

Traditional ROI: 8.51%

1921 Long Rapids Road

Alpena, MI

5 beds | 3 baths | 4,146 sq.ft.

$620,000

Airbnb cash on cash: -0.06%

Traditional cash on cash: 4.78%

Airbnb Rental Income: $1340

Traditional Rental Income: $3729

Airbnb ROI: -0.06%

Traditional ROI: 4.78%

232 S First Avenue

Alpena, MI

4 beds | 5 baths | 6,791 sq.ft.

$895,000

Airbnb cash on cash: -0.64%

Traditional cash on cash: 5.88%

Airbnb Rental Income: $1407

Traditional Rental Income: $6415

Airbnb ROI: -0.64%

Traditional ROI: 5.88%

635 W Washington Avenue

Alpena, MI

4 beds | 4 baths | 3,237 sq.ft.

$524,500

Airbnb cash on cash: 0.26%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1407

Traditional Rental Income: $3615

Airbnb ROI: 0.26%

Traditional ROI: 5.63%

920 Sable Street

Alpena, MI

2 beds | 2 baths | 2,508 sq.ft.

$199,900

Airbnb cash on cash: -1.07%

Traditional cash on cash: 9.93%

Airbnb Rental Income: $560

Traditional Rental Income: $2365

Airbnb ROI: -1.07%

Traditional ROI: 9.93%

121 Channel Road 1

Alpena, MI

3 beds | 2 baths | 1,950 sq.ft.

$415,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 5.36%

Airbnb Rental Income: $949

Traditional Rental Income: $2889

Airbnb ROI: -0.52%

Traditional ROI: 5.36%

330 Island View Drive

Alpena, MI

4 beds | 4 baths | 3,822 sq.ft.

$395,000

Airbnb cash on cash: 0.4%

Traditional cash on cash: 8.42%

Airbnb Rental Income: $1407

Traditional Rental Income: $3954

Airbnb ROI: 0.4%