Real Estate Investment Properties for Sale in Elk Rapids, MI
Looking for investment property in Elk Rapids, MI with high ROI ?
Explore a variety of short-term homes & houses in Elk Rapids, MI. Invest wisely with VRBO & Elk Rapids, 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 Elk Rapids, MI
| PROPERTY | DETAILS | SALE PRICE | INVESTMENT PERFORMANCE |
|---|---|---|---|
14088 BLUFF ROADElk Rapids, MIDiscover an exceptional waterfront property on Old Mission Peninsula, boasting over 202' o... |
5 beds | 4 baths | 3,001 sq.ft. |
$2,750,000 |
Airbnb cash on cash: N/A
|
2721 NELSON ROADElk Rapids, MIOld Mission Peninsulas Most Photographed Home - Iconic Green Design by William McDonough. ... |
5 beds | 6 baths | 3,665 sq.ft. |
$4,199,000 |
Airbnb cash on cash: N/A
|
609 Cedar StElk Rapids, MIGreat location in Elk Rapids westside. Easy walk to the beach, Elk Rapids Harbor and the M... |
2 beds | 2 baths | 1,004 sq.ft. |
$349,000 |
Airbnb cash on cash: 0.66%
|
3939 BLUE HEIGHTS DRIVEElk Rapids, MIOld Mission Stunner! This home is perfection! With stunning East Bay views and a beach jus... |
3 beds | 3 baths | 1,354 sq.ft. |
$1,399,900 |
Airbnb cash on cash: N/A
|
503 Cedar StElk Rapids, MIElk Rapids 3-bedroom/1.5-bath ranch home offering main-floor living is a wonderful opportu... |
3 beds | 2 baths | 1,211 sq.ft. |
$265,000 |
Airbnb cash on cash: 3.76%
|
Real Estate investment in Elk-rapids, MI
There are 7 properties for sale in the city of Elk Rapids . The median list price in Elk Rapids is $374,450 and the average price per square foot is $277. In February 2026, the average monthly cash on cash return in Elk Rapids is 2.00%. The average monthly rental income in Elk Rapids is $1,854.