Real Estate Investment Properties for Sale in Dowagiac, MI

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

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

Multi Family for Sale in Dowagiac, MI

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

Showing 1 Multi Family 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
423 E Division St Dowagiac, MI Spacious 3-Unit Investment Property with garage & Large Yard. The property features three ...	4 beds \| N/A baths \| 2,914 sq.ft.	$199,900	Airbnb cash on cash: 6.54% Traditional cash on cash: 5.91% Airbnb Rental Income: $2332 Traditional Rental Income: $1636 Airbnb ROI: 6.54% Traditional ROI: 5.91%
Other Investment Properties for Sale in Dowagiac
108 Hill St Dowagiac , MI Don't Miss out on this Great Home. Larger corner lot with a large detached 3-car garage, p...	3 beds \| 2 baths \| 2,136 sq.ft.	$190,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 11.18% Airbnb Rental Income: $1668 Traditional Rental Income: $2641 Airbnb ROI: 3.2% Traditional ROI: 11.18%
50085 E Lake Shore Drive Dowagiac , MI Views of Magician Lake and access to the lake through Rainbow Park Association. Just a sho...	2 beds \| 2 baths \| 1,034 sq.ft.	$270,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.89% Airbnb Rental Income: $928 Traditional Rental Income: $1809 Airbnb ROI: 0.08% Traditional ROI: 4.89%
53815 Glenwood Rd Dowagiac , MI MOTIVATED SELLER. Welcome to this stunning new construction barndominium built in 2025 and...	2 beds \| 1 baths \| 1,248 sq.ft.	$580,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 2.12% Airbnb Rental Income: $928 Traditional Rental Income: $1977 Airbnb ROI: -0.45% Traditional ROI: 2.12%
33320 Ridenour Road Dowagiac , MI Tucked just around the corner from Indian Lake, this charming, move-in-ready ranch offers ...	2 beds \| 2 baths \| 1,152 sq.ft.	$199,000	Airbnb cash on cash: 1.1% Traditional cash on cash: 8.22% Airbnb Rental Income: $928 Traditional Rental Income: $1930 Airbnb ROI: 1.1% Traditional ROI: 8.22%
68448 Beechwood Dr Dowagiac , MI One of a kind! Stunning Lake Front Home on Beautiful Round Lake in Sister Lakes resort are...	4 beds \| 4 baths \| 4,105 sq.ft.	$2,199,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.22% Airbnb Rental Income: $2332 Traditional Rental Income: $3959 Airbnb ROI: -0.86% Traditional ROI: 0.22%
307 E Telegraph St Dowagiac , MI Charming and modern, this 2-bedroom, 1-bathroom bungalow in downtown Dowagiac is the perfe...	2 beds \| 1 baths \| 887 sq.ft.	$116,900	Airbnb cash on cash: 2.83% Traditional cash on cash: 7.11% Airbnb Rental Income: $928 Traditional Rental Income: $1068 Airbnb ROI: 2.83% Traditional ROI: 7.11%
66476 Oak Street Dowagiac , MI 2 neat and clean cottages all on their own lots with multiple, buildable other lots nearby...	2 beds \| N/A baths \| N/A	$99,900	Airbnb cash on cash: 1.62% Traditional cash on cash: 11.19% Airbnb Rental Income: $928 Traditional Rental Income: $1514 Airbnb ROI: 1.62% Traditional ROI: 11.19%
53027 Twin Lakes Rd Dowagiac , MI MOTIVATED SELLERS!! Property Now Offered With A $50,000 Price Reduction With A New Price O...	4 beds \| 3 baths \| 2,445 sq.ft.	$415,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.24% Airbnb Rental Income: $2332 Traditional Rental Income: $3070 Airbnb ROI: 2.86% Traditional ROI: 6.24%
50479 Delling Dr Dowagiac , MI This is the magical vintage cottage we all remember going to for the summer as a child, or...	2 beds \| 1 baths \| 892 sq.ft.	$199,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.67% Airbnb Rental Income: $928 Traditional Rental Income: $1509 Airbnb ROI: 0.77% Traditional ROI: 5.67%
32314 Hilltop Dowagiac , MI Beautiful property location with private Cable lake access and stunning views . fishing pi...	2 beds \| 1 baths \| 890 sq.ft.	$239,500	Airbnb cash on cash: 0.52% Traditional cash on cash: 4.36% Airbnb Rental Income: $928 Traditional Rental Income: $1454 Airbnb ROI: 0.52% Traditional ROI: 4.36%
55772 Indian Lake Road Dowagiac , MI Great location with this leased land cottage located a block away from the ILYC (yacht clu...	3 beds \| 2 baths \| 1,090 sq.ft.	$250,000	Airbnb cash on cash: 2.86% Traditional cash on cash: 6.43% Airbnb Rental Income: $1668 Traditional Rental Income: $2042 Airbnb ROI: 2.86% Traditional ROI: 6.43%
55945 Inn D Inn Dr Dowagiac , MI Location, Location, Location! This home offers all the perks of being near Indian Lake wit...	4 beds \| 2 baths \| 2,900 sq.ft.	$420,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 4.9% Airbnb Rental Income: $2332 Traditional Rental Income: $2734 Airbnb ROI: 2.41% Traditional ROI: 4.9%
31273 County Line Rd Dowagiac , MI Early spring price improvement. Magician Lakefront home with a rare 110 lakefront feet and...	4 beds \| 2 baths \| 2,266 sq.ft.	$1,249,000	Airbnb cash on cash: -0.63% Traditional cash on cash: 0.44% Airbnb Rental Income: $2332 Traditional Rental Income: $3007 Airbnb ROI: -0.63% Traditional ROI: 0.44%
105 Lester Ave Dowagiac , MI *Seller is offering a permanent 1% mortgage rate buy-down for qualified buyers, helping re...	3 beds \| 1 baths \| 1,304 sq.ft.	$279,900	Airbnb cash on cash: 3.15% Traditional cash on cash: 6.72% Airbnb Rental Income: $1668 Traditional Rental Income: $2142 Airbnb ROI: 3.15% Traditional ROI: 6.72%

Your search for investment property begins and ends here

Multi Family for Sale in Dowagiac, MI

423 E Division St

Dowagiac, MI

4 beds | N/A baths | 2,914 sq.ft.

$199,900

Airbnb cash on cash: 6.54%

Traditional cash on cash: 5.91%

Airbnb Rental Income: $2332

Traditional Rental Income: $1636

Airbnb ROI: 6.54%

Traditional ROI: 5.91%

Other Investment Properties for Sale in Dowagiac

Dowagiac , MI

3 beds | 2 baths | 2,136 sq.ft.

$190,000

Airbnb cash on cash: 3.2%

Traditional cash on cash: 11.18%

Airbnb Rental Income: $1668

Traditional Rental Income: $2641

Airbnb ROI: 3.2%

Traditional ROI: 11.18%

Dowagiac , MI

2 beds | 2 baths | 1,034 sq.ft.

$270,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $928

Traditional Rental Income: $1809

Airbnb ROI: 0.08%

Traditional ROI: 4.89%

Dowagiac , MI

2 beds | 1 baths | 1,248 sq.ft.

$580,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: 2.12%

Airbnb Rental Income: $928

Traditional Rental Income: $1977

Airbnb ROI: -0.45%

Traditional ROI: 2.12%

Dowagiac , MI

2 beds | 2 baths | 1,152 sq.ft.

$199,000

Airbnb cash on cash: 1.1%

Traditional cash on cash: 8.22%

Airbnb Rental Income: $928

Traditional Rental Income: $1930

Airbnb ROI: 1.1%

Traditional ROI: 8.22%

Dowagiac , MI

4 beds | 4 baths | 4,105 sq.ft.

$2,199,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 0.22%

Airbnb Rental Income: $2332

Traditional Rental Income: $3959

Airbnb ROI: -0.86%

Traditional ROI: 0.22%

Dowagiac , MI

2 beds | 1 baths | 887 sq.ft.

$116,900

Airbnb cash on cash: 2.83%

Traditional cash on cash: 7.11%

Airbnb Rental Income: $928

Traditional Rental Income: $1068

Airbnb ROI: 2.83%

Traditional ROI: 7.11%

Dowagiac , MI

2 beds | N/A baths | N/A

$99,900

Airbnb cash on cash: 1.62%

Traditional cash on cash: 11.19%

Airbnb Rental Income: $928

Traditional Rental Income: $1514

Airbnb ROI: 1.62%

Traditional ROI: 11.19%

Dowagiac , MI

4 beds | 3 baths | 2,445 sq.ft.

$415,000

Airbnb cash on cash: 2.86%

Traditional cash on cash: 6.24%