Real Estate Investment Properties for Sale in Douglas, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
43 Ellis Street Douglas, MI Charming Updated Home in the Heart of Downtown Douglas Located in a premier downtown Dougl...	2 beds \| 1 baths \| 1,302 sq.ft.	$525,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 1.18% Airbnb Rental Income: $2141 Traditional Rental Income: $2038 Airbnb ROI: 0.28% Traditional ROI: 1.18%
440 Water Street Douglas, MI DON'T LET THE SMALL SIZE FOOL YOU!!! This 2 bedroom, 2 bath cottage feels SO much bigger. ...	2 beds \| 2 baths \| 770 sq.ft.	$619,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 0.72% Airbnb Rental Income: $2141 Traditional Rental Income: $1751 Airbnb ROI: 0.45% Traditional ROI: 0.72%
212 W Randolph Street Douglas, MI Beautiful ranch located walking distance to Douglas, dining, shops, galleries and beaches....	3 beds \| N/A baths \| 1,268 sq.ft.	$759,995	Airbnb cash on cash: -0.25% Traditional cash on cash: 0.44% Airbnb Rental Income: $2309 Traditional Rental Income: $2219 Airbnb ROI: -0.25% Traditional ROI: 0.44%
501 W CENTER STREET Douglas, MI Welcome to the Good Life in this stunning 3-bedroom, 2.5-bathroom Ranch home, which would ...	3 beds \| 3 baths \| 2,133 sq.ft.	$925,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.25% Airbnb Rental Income: $2309 Traditional Rental Income: $2487 Airbnb ROI: -0.62% Traditional ROI: 0.25%
108 S Union Street Douglas, MI INCREDIBLE OPPORTUNITY to make your home in the heart of Douglas! This beautifully-situate...	6 beds \| N/A baths \| N/A	$625,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 0.81% Airbnb Rental Income: $3673 Traditional Rental Income: $1700 Airbnb ROI: 2.82% Traditional ROI: 0.81%
36 N Union Street Douglas, MI Welcome to this beautiful and spacious home in the heart of downtown Douglas, where comfor...	5 beds \| 2 baths \| 2,552 sq.ft.	$899,900	Airbnb cash on cash: 0.79% Traditional cash on cash: 0.78% Airbnb Rental Income: $3673 Traditional Rental Income: $2866 Airbnb ROI: 0.79% Traditional ROI: 0.78%
39 Ellis Street unit: 1 #1 Douglas, MI This charming condo offers an unbeatable location-just steps from shopping, parks, and a v...	2 beds \| 2 baths \| 896 sq.ft.	$349,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 1.75% Airbnb Rental Income: $2141 Traditional Rental Income: $1716 Airbnb ROI: 1.39% Traditional ROI: 1.75%
443 Amity Street unit: 20 #20 Douglas, MI Immediate Occupancy: This end-unit condo, located in the highly desirable Amity Condominiu...	2 beds \| 3 baths \| 1,102 sq.ft.	$430,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 2.32% Airbnb Rental Income: $2141 Traditional Rental Income: $1810 Airbnb ROI: 1.78% Traditional ROI: 2.32%
3056 Lakeside Drive Douglas, MI Stunning Contemporary Retreat Just Steps from Lake Michigan This completely rebuilt home a...	2 beds \| 3 baths \| 2,605 sq.ft.	$1,200,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 0.91% Airbnb Rental Income: $2141 Traditional Rental Income: $3173 Airbnb ROI: -0.5% Traditional ROI: 0.91%
110 Keewatin Court unit: 15 #15 Douglas, MI Experience relaxed resort town living at this Boardwalk at Swing Bridge Condominium. This ...	3 beds \| N/A baths \| 2,220 sq.ft.	$750,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 1.53% Airbnb Rental Income: $2309 Traditional Rental Income: $3313 Airbnb ROI: -0.73% Traditional ROI: 1.53%
148 S Union Street Douglas, MI Own a Piece of Douglas History - The Iconic ''Wishing Well House.'' Step into the timeless...	5 beds \| 4 baths \| 3,536 sq.ft.	$1,485,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 1.02% Airbnb Rental Income: $3673 Traditional Rental Income: $3706 Airbnb ROI: 0.42% Traditional ROI: 1.02%
320 Blue Star Highway unit: 36 #36 Douglas, MI Beautiful Condo TURNKEY with fantastic investment potential. 2 bed 2 bath with high end fi...	2 beds \| 2 baths \| 1,125 sq.ft.	$424,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 0.67% Airbnb Rental Income: $2141 Traditional Rental Income: $2180 Airbnb ROI: -0.81% Traditional ROI: 0.67%
439 Summer Grove Drive Douglas, MI Summer Grove Community is Location in the Village of Douglas close to Lake Michigan Beache...	3 beds \| N/A baths \| 2,136 sq.ft.	$464,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 3.76% Airbnb Rental Income: $2309 Traditional Rental Income: $3082 Airbnb ROI: 0.67% Traditional ROI: 3.76%
424 Summer Grove Drive Douglas, MI Charming Storybook Cottage in Summer Grove! This great home has a welcoming covered front ...	3 beds \| 2 baths \| 1,660 sq.ft.	$495,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.03% Airbnb Rental Income: $2309 Traditional Rental Income: $2567 Airbnb ROI: 0.23% Traditional ROI: 2.03%
453 Amity Street unit: 15 #15 Douglas, MI This is THE MOST BEAUTIFUL Amity condo unit you have ever seen! The Sellers have put $90k+...	2 beds \| 2 baths \| 1,650 sq.ft.	$475,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.05% Airbnb Rental Income: $2141 Traditional Rental Income: $2366 Airbnb ROI: 0.31% Traditional ROI: 2.05%
218 Westshore Douglas, MI Step into 5,500 square feet of brand-new luxury in the heart of Saugatuck-Douglas-an STR-f...	5 beds \| 5 baths \| 4,000 sq.ft.	$1,065,000	Airbnb cash on cash: 0% Traditional cash on cash: 2.76% Airbnb Rental Income: $3673 Traditional Rental Income: $5612 Airbnb ROI: 0% Traditional ROI: 2.76%
450 Summer Grv Drive Douglas, MI Summer Grove's most high-end, high-tech, one owner, custom home is the ultimate in modern ...	3 beds \| N/A baths \| 1,920 sq.ft.	$749,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 1.9% Airbnb Rental Income: $2309 Traditional Rental Income: $2943 Airbnb ROI: 0.18% Traditional ROI: 1.9%
485 Summer Grove Drive Douglas, MI This beautifully updated 4-bedroom home in the sought-after Summer Grove community is move...	4 beds \| 2 baths \| 1,999 sq.ft.	$517,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 2.02% Airbnb Rental Income: $3083 Traditional Rental Income: $2654 Airbnb ROI: 1.45% Traditional ROI: 2.02%
201 Garden Terrace unit: 16 #16 Douglas, MI Sold before broadcast	2 beds \| 3 baths \| 1,296 sq.ft.	$525,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.07% Airbnb Rental Income: $2141 Traditional Rental Income: $2354 Airbnb ROI: -0.47% Traditional ROI: 1.07%
320 Blue Star Highway unit: 13 #13 Douglas, MI Short term rentals allowed. 2 level Northern Lights condominium with pool access available...	1 beds \| N/A baths \| 600 sq.ft.	$265,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 2.53% Airbnb Rental Income: $1471 Traditional Rental Income: $1291 Airbnb ROI: 1.52% Traditional ROI: 2.53%

Real Estate investment in Douglas, MI

There are 20 properties for sale in the city of Douglas . The median list price in Douglas is $572,000 and the average price per square foot is $313. In October 2025, the average monthly cash on cash return in Douglas is 1.00%. The average monthly rental income in Douglas is $2,427.

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

There are 20 investment properties available for sale in Douglas.

In 2025, the best neighborhood to buy investment property is Douglas.

The ROI for Short-Term is higher than the Long-Term in Douglas with average rental income of $2,309.

Your search for investment property begins and ends here

Investment Property for Sale in Douglas, MI

43 Ellis Street

Douglas, MI

2 beds | 1 baths | 1,302 sq.ft.

$525,000

Airbnb cash on cash: 0.28%

Traditional cash on cash: 1.18%

Airbnb Rental Income: $2141

Traditional Rental Income: $2038

Airbnb ROI: 0.28%

Traditional ROI: 1.18%

440 Water Street

Douglas, MI

2 beds | 2 baths | 770 sq.ft.

$619,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $2141

Traditional Rental Income: $1751

Airbnb ROI: 0.45%

Traditional ROI: 0.72%

212 W Randolph Street

Douglas, MI

3 beds | N/A baths | 1,268 sq.ft.

$759,995

Airbnb cash on cash: -0.25%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $2309

Traditional Rental Income: $2219

Airbnb ROI: -0.25%

Traditional ROI: 0.44%

501 W CENTER STREET

Douglas, MI

3 beds | 3 baths | 2,133 sq.ft.

$925,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $2309

Traditional Rental Income: $2487

Airbnb ROI: -0.62%

Traditional ROI: 0.25%

108 S Union Street

Douglas, MI

6 beds | N/A baths | N/A

$625,000

Airbnb cash on cash: 2.82%

Traditional cash on cash: 0.81%

Airbnb Rental Income: $3673

Traditional Rental Income: $1700

Airbnb ROI: 2.82%

Traditional ROI: 0.81%

36 N Union Street

Douglas, MI

5 beds | 2 baths | 2,552 sq.ft.

$899,900

Airbnb cash on cash: 0.79%

Traditional cash on cash: 0.78%

Airbnb Rental Income: $3673

Traditional Rental Income: $2866

Airbnb ROI: 0.79%

Traditional ROI: 0.78%

39 Ellis Street unit: 1 #1

Douglas, MI

2 beds | 2 baths | 896 sq.ft.

$349,900

Airbnb cash on cash: 1.39%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $2141

Traditional Rental Income: $1716

Airbnb ROI: 1.39%

Traditional ROI: 1.75%

443 Amity Street unit: 20 #20

Douglas, MI

2 beds | 3 baths | 1,102 sq.ft.

$430,000

Airbnb cash on cash: 1.78%

Traditional cash on cash: 2.32%

Airbnb Rental Income: $2141

Traditional Rental Income: $1810

Airbnb ROI: 1.78%