Real Estate Investment Properties for Sale in Manistee, MI

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
84 Charter Court Manistee, MI Welcome to easy coastal living in this spacious 3-story, 2-bedroom, 2.5-bath condo located...	2 beds \| 2 baths \| 1,840 sq.ft.	$469,900	Airbnb cash on cash: -0.7% Traditional cash on cash: 4.3% Airbnb Rental Income: $1188 Traditional Rental Income: $3000 Airbnb ROI: -0.7% Traditional ROI: 4.3%
4455 W Fox Farm Road Manistee, MI Completely remodeled home in a desirable professional community with deeded Lake Michigan ...	3 beds \| N/A baths \| 3,070 sq.ft.	$779,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.43% Airbnb Rental Income: $1402 Traditional Rental Income: $2378 Airbnb ROI: -0.49% Traditional ROI: 1.43%
149 Joslin Cove Drive Manistee, MI Waterfront condo with a private 25' boat slip for Lake Michigan fishing and sunsets. Parti...	2 beds \| 2 baths \| 1,476 sq.ft.	$393,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 3.89% Airbnb Rental Income: $1188 Traditional Rental Income: $2603 Airbnb ROI: -0.99% Traditional ROI: 3.89%
519 Ramsdell Street Manistee, MI Well maintained and comfortable 2 bed, 1 bath home. Back yard has a large 20' x 12' deck ...	2 beds \| 1 baths \| 864 sq.ft.	$149,000	Airbnb cash on cash: 3.05% Traditional cash on cash: 6.37% Airbnb Rental Income: $1188 Traditional Rental Income: $1275 Airbnb ROI: 3.05% Traditional ROI: 6.37%
146 Jackson Street Manistee, MI Welcome to this charming 3-bedroom, bath & half, Manistee home featuring hardwood floors a...	3 beds \| 2 baths \| 1,516 sq.ft.	$235,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 5.74% Airbnb Rental Income: $1402 Traditional Rental Income: $1911 Airbnb ROI: 1.54% Traditional ROI: 5.74%
304 1st Avenue Manistee, MI The Northside of Manistee has definitely been discovered as a great place to live or vacat...	4 beds \| 2 baths \| 1,413 sq.ft.	$289,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 5.42% Airbnb Rental Income: $1820 Traditional Rental Income: $2184 Airbnb ROI: 2.28% Traditional ROI: 5.42%
70 Brookharbor S Manistee, MI Updated two bedroom, two bath condo in coveted Harbor Village! This well maintained unit i...	2 beds \| 2 baths \| 955 sq.ft.	$359,900	Airbnb cash on cash: -1.65% Traditional cash on cash: 0.25% Airbnb Rental Income: $1188 Traditional Rental Income: $1443 Airbnb ROI: -1.65% Traditional ROI: 0.25%
361 2nd Street Manistee, MI Historic 1900 Craftsman Bungalow in Prime Manistee Location. Step into this charming 3-sto...	4 beds \| 2 baths \| 2,844 sq.ft.	$481,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 4.49% Airbnb Rental Income: $1820 Traditional Rental Income: $3120 Airbnb ROI: 0.51% Traditional ROI: 4.49%
3800 Grant Highway Manistee, MI 3 bed 2 bath farmhouse on over 4 acres completely remodeled! Brand new furnace and AC , wi...	3 beds \| 2 baths \| 1,512 sq.ft.	$265,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 5.83% Airbnb Rental Income: $1402 Traditional Rental Income: $2123 Airbnb ROI: 1.25% Traditional ROI: 5.83%
2264 Revolt Road Manistee, MI Updated 3-Bedroom Home on 40 Acres - Just North of Manistee. Enjoy space, privacy, & conve...	3 beds \| 1 baths \| 1,032 sq.ft.	$309,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.92% Airbnb Rental Income: $1402 Traditional Rental Income: $1606 Airbnb ROI: 0.77% Traditional ROI: 2.92%
115 Mckee Street Manistee, MI Charming, Renovated 3-Bedroom Home with Historic Firehouse Barn Near Lake Michigan! Move-i...	3 beds \| 2 baths \| 1,942 sq.ft.	$210,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.26% Airbnb Rental Income: $1402 Traditional Rental Income: $1448 Airbnb ROI: 1.91% Traditional ROI: 4.26%
1972 Pine Ridge Drive Manistee, MI Well maintained 3 Bedroom 3 Bathroom condo located at the Pine Ridge Condominiums in desir...	3 beds \| 3 baths \| 2,162 sq.ft.	$369,000	Airbnb cash on cash: -0.71% Traditional cash on cash: 5.33% Airbnb Rental Income: $1402 Traditional Rental Income: $3070 Airbnb ROI: -0.71% Traditional ROI: 5.33%
171 Joslin Cove Drive Manistee, MI End unit Waterfront Townhouse with a 20' boat slip and an attached garage. Amazing open fl...	2 beds \| N/A baths \| 1,476 sq.ft.	$429,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 2.9% Airbnb Rental Income: $1188 Traditional Rental Income: $2457 Airbnb ROI: -1.22% Traditional ROI: 2.9%
721 Merkey Road W Manistee, MI This 2300 sq ft home has had a total revamp, situated on a quiet lot just over a half acre...	4 beds \| N/A baths \| 2,304 sq.ft.	$250,000	Airbnb cash on cash: 2.18% Traditional cash on cash: 8.82% Airbnb Rental Income: $1820 Traditional Rental Income: $2895 Airbnb ROI: 2.18% Traditional ROI: 8.82%
51 Arthur Street Manistee, MI Experience the best of waterfront living in this Manistee Lake condo, complete with a 44 f...	3 beds \| 2 baths \| 1,350 sq.ft.	$360,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 3.84% Airbnb Rental Income: $1402 Traditional Rental Income: $2229 Airbnb ROI: 0.14% Traditional ROI: 3.84%
101 Sibben Street Manistee, MI Historic Multi-Unit Property Overlooking Manistee Lake. Discover an exceptional investment...	4 beds \| N/A baths \| N/A	$309,000	Airbnb cash on cash: 1.43% Traditional cash on cash: 2.26% Airbnb Rental Income: $1820 Traditional Rental Income: $1568 Airbnb ROI: 1.43% Traditional ROI: 2.26%
480 E Parkdale Avenue Manistee, MI 4,800 square foot Class A commercial building with six thousand usable square feet and acc...	2 beds \| 1 baths \| 1,100 sq.ft.	$1,400,000	Airbnb cash on cash: -1.03% Traditional cash on cash: -0.31% Airbnb Rental Income: $1188 Traditional Rental Income: $1741 Airbnb ROI: -1.03% Traditional ROI: -0.31%
2307 Nelson Street Manistee, MI Welcome to this charming 3-bedroom, 2.5-bath home thatâs perfect for families! Completel...	3 beds \| 3 baths \| 1,422 sq.ft.	$239,000	Airbnb cash on cash: 2.41% Traditional cash on cash: 7.86% Airbnb Rental Income: $1402 Traditional Rental Income: $2212 Airbnb ROI: 2.41% Traditional ROI: 7.86%
607 Kosciusko Street Manistee, MI This charming Manistee starter home offers convenient, main-floor living. The spacious, op...	3 beds \| 2 baths \| 1,221 sq.ft.	$179,000	Airbnb cash on cash: 2.79% Traditional cash on cash: 7.88% Airbnb Rental Income: $1402 Traditional Rental Income: $1848 Airbnb ROI: 2.79% Traditional ROI: 7.88%
197 Joslin Cove Drive Manistee, MI Finished move in ready Waterfront Townhouse with a 25' boat slip and a 2 car attached gara...	2 beds \| N/A baths \| 1,332 sq.ft.	$349,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 3.44% Airbnb Rental Income: $1188 Traditional Rental Income: $2352 Airbnb ROI: -1.3% Traditional ROI: 3.44%
2404 Bialik Road Manistee, MI Looking for a place to slow down and enjoy the quiet? This 5.46-acre property is heavily w...	2 beds \| 1 baths \| 800 sq.ft.	$137,500	Airbnb cash on cash: 3.11% Traditional cash on cash: 4.67% Airbnb Rental Income: $1188 Traditional Rental Income: $1007 Airbnb ROI: 3.11% Traditional ROI: 4.67%
86 Spinnaker Drive Manistee, MI This condominium's location is fantastic! This 2-bedroom 2.5 bath condo is located near 5t...	2 beds \| 2 baths \| 1,756 sq.ft.	$440,000	Airbnb cash on cash: -1.94% Traditional cash on cash: 0.94% Airbnb Rental Income: $1188 Traditional Rental Income: $1990 Airbnb ROI: -1.94% Traditional ROI: 0.94%
1933 Pine Ridge Drive Manistee, MI You won't want to miss this opportunity to own a beautiful BRAND-NEW condominium in this q...	3 beds \| 3 baths \| 2,162 sq.ft.	$419,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 3.57% Airbnb Rental Income: $1402 Traditional Rental Income: $2849 Airbnb ROI: -1.19% Traditional ROI: 3.57%
1514 Main Street Manistee, MI Discover what is possible on Main Street! This well maintained home is looking for it's ne...	2 beds \| 1 baths \| 1,752 sq.ft.	$105,000	Airbnb cash on cash: 4.54% Traditional cash on cash: 11.92% Airbnb Rental Income: $1188 Traditional Rental Income: $1553 Airbnb ROI: 4.54% Traditional ROI: 11.92%
2073 Gunn Road Manistee, MI Where peace and quiet meets a bustling business, step onto this 2.5 acre parcel situated i...	2 beds \| 1 baths \| 800 sq.ft.	$282,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 3.66% Airbnb Rental Income: $1188 Traditional Rental Income: $1618 Airbnb ROI: 0.59% Traditional ROI: 3.66%
439 9th Street Manistee, MI Rare opportunity to own this Barndominium style property. Located just blocks from downtow...	1 beds \| 1 baths \| 930 sq.ft.	$199,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 6.51% Airbnb Rental Income: $781 Traditional Rental Income: $1591 Airbnb ROI: 0.56% Traditional ROI: 6.51%
200 National Drive Manistee, MI Now offering a 2-1 interest rate buy down furnished by the seller at closing! Call for det...	4 beds \| 3 baths \| 2,800 sq.ft.	$675,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 2.67% Airbnb Rental Income: $1820 Traditional Rental Income: $3527 Airbnb ROI: -0.83% Traditional ROI: 2.67%
7590 Caberfae Highway Manistee, MI Investor opportunity at 7590 Caberfae Highway, a 3-bedroom, 1-bath home set on nearly 10 a...	3 beds \| 1 baths \| 1,600 sq.ft.	$150,000	Airbnb cash on cash: 3.64% Traditional cash on cash: 8.33% Airbnb Rental Income: $1402 Traditional Rental Income: $1652 Airbnb ROI: 3.64% Traditional ROI: 8.33%
1835 Surfside Drive Manistee, MI Welcome to your lakeside retreat! This beautifully maintained 3-bedroom, 3.5-bath home off...	3 beds \| N/A baths \| 3,180 sq.ft.	$1,250,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 2.1% Airbnb Rental Income: $1402 Traditional Rental Income: $4107 Airbnb ROI: -0.59% Traditional ROI: 2.1%
317 Fifth Avenue unit: 2 #2 Manistee, MI If you've been dreaming of waterfront living with the charm this 2-bedroom, 1-bath condo a...	2 beds \| 1 baths \| 971 sq.ft.	$262,000	Airbnb cash on cash: -2.44% Traditional cash on cash: 0.7% Airbnb Rental Income: $1188 Traditional Rental Income: $1577 Airbnb ROI: -2.44% Traditional ROI: 0.7%
15 Lakeshore Drive Manistee, MI Rare Lake Michigan Mid-Century Gem! This cottage offers incredible potential for investors...	3 beds \| 1 baths \| 1,010 sq.ft.	$725,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 1% Airbnb Rental Income: $1402 Traditional Rental Income: $1586 Airbnb ROI: 0.11% Traditional ROI: 1%
2564 Bialik Road Manistee, MI Move in ready! Seller Motivated, bring any reasonable offer! Magnificent well maintained h...	2 beds \| 2 baths \| 1,056 sq.ft.	$295,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.49% Airbnb Rental Income: $1188 Traditional Rental Income: $1758 Airbnb ROI: 1.05% Traditional ROI: 4.49%
2898 Linwood Road Manistee, MI Well maintained 4 bedroom 3 bath single story home sitting on almost 3/4 of an acre. Newer...	4 beds \| 3 baths \| 2,152 sq.ft.	$375,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 7.35% Airbnb Rental Income: $1820 Traditional Rental Income: $3196 Airbnb ROI: 2.04% Traditional ROI: 7.35%
704 Engelman Street Manistee, MI Nice 4-bedroom 1-bath family home, two bedrooms on the main floor and a main floor laundry...	4 beds \| 1 baths \| 1,142 sq.ft.	$192,000	Airbnb cash on cash: 4.76% Traditional cash on cash: 6.9% Airbnb Rental Income: $1820 Traditional Rental Income: $1717 Airbnb ROI: 4.76% Traditional ROI: 6.9%
418 6th Street Manistee, MI Income producing duplex in the City of Manistee with strong rental history. Both units are...	4 beds \| N/A baths \| N/A	$260,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 4.35% Airbnb Rental Income: $1820 Traditional Rental Income: $1847 Airbnb ROI: 2.23% Traditional ROI: 4.35%
487 4th Street Manistee, MI Welcome to this stunning 4-bedroom, 3-bathroom renovated home offering a perfect blend of ...	4 beds \| 3 baths \| 2,741 sq.ft.	$539,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.91% Airbnb Rental Income: $1820 Traditional Rental Income: $3217 Airbnb ROI: 0.16% Traditional ROI: 3.91%
274 6th Avenue Manistee, MI This charming 3-bedroom, 1-bathroom home is perfectly positioned across from the scenic Ma...	3 beds \| 1 baths \| 1,150 sq.ft.	$195,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 6.23% Airbnb Rental Income: $1402 Traditional Rental Income: $1542 Airbnb ROI: 3.19% Traditional ROI: 6.23%
159 Jackson Street Manistee, MI COMFORT & OPPORTUNITY: Welcome home to this 3-bedroom, 1-bath property perfectly situated ...	3 beds \| 1 baths \| 1,370 sq.ft.	$147,000	Airbnb cash on cash: 4.16% Traditional cash on cash: 10.13% Airbnb Rental Income: $1402 Traditional Rental Income: $1820 Airbnb ROI: 4.16% Traditional ROI: 10.13%
2521 Crescent Beach Road Manistee, MI Perched on a hilltop overlooking Portage Lake with 300' of shared but private beach fronta...	3 beds \| 3 baths \| 2,842 sq.ft.	$849,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 1.88% Airbnb Rental Income: $1402 Traditional Rental Income: $3447 Airbnb ROI: -1.24% Traditional ROI: 1.88%
9670 S County Line Road Manistee, MI Tucked away along 847 feet of premium LITTLE MANISTEE RIVER FRONTAGE, this nearly 24 acre ...	4 beds \| 4 baths \| 3,437 sq.ft.	$1,095,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.06% Airbnb Rental Income: $1820 Traditional Rental Income: $4574 Airbnb ROI: -0.12% Traditional ROI: 3.06%

Real Estate investment in Manistee, MI

There are 59 properties for sale in the city of Manistee . The median list price in Manistee is $309,000 and the average price per square foot is $173. In December 2025, the average monthly cash on cash return in Manistee is 4.00%. The average monthly rental income in Manistee is $1,911.

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

There are 59 investment properties available for sale in Manistee.

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

The ROI for Long-Term is higher than the Short-Term in Manistee with average rental income of $1,911.

Your search for investment property begins and ends here

Investment Property for Sale in Manistee, MI

84 Charter Court

Manistee, MI

2 beds | 2 baths | 1,840 sq.ft.

$469,900

Airbnb cash on cash: -0.7%

Traditional cash on cash: 4.3%

Airbnb Rental Income: $1188

Traditional Rental Income: $3000

Airbnb ROI: -0.7%

Traditional ROI: 4.3%

4455 W Fox Farm Road

Manistee, MI

3 beds | N/A baths | 3,070 sq.ft.

$779,000

Airbnb cash on cash: -0.49%

Traditional cash on cash: 1.43%

Airbnb Rental Income: $1402

Traditional Rental Income: $2378

Airbnb ROI: -0.49%

Traditional ROI: 1.43%

149 Joslin Cove Drive

Manistee, MI

2 beds | 2 baths | 1,476 sq.ft.

$393,000

Airbnb cash on cash: -0.99%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1188

Traditional Rental Income: $2603

Airbnb ROI: -0.99%

Traditional ROI: 3.89%

519 Ramsdell Street

Manistee, MI

2 beds | 1 baths | 864 sq.ft.

$149,000

Airbnb cash on cash: 3.05%

Traditional cash on cash: 6.37%

Airbnb Rental Income: $1188

Traditional Rental Income: $1275

Airbnb ROI: 3.05%

Traditional ROI: 6.37%

146 Jackson Street

Manistee, MI

3 beds | 2 baths | 1,516 sq.ft.

$235,000

Airbnb cash on cash: 1.54%

Traditional cash on cash: 5.74%

Airbnb Rental Income: $1402

Traditional Rental Income: $1911

Airbnb ROI: 1.54%

Traditional ROI: 5.74%

304 1st Avenue

Manistee, MI

4 beds | 2 baths | 1,413 sq.ft.

$289,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $1820

Traditional Rental Income: $2184

Airbnb ROI: 2.28%

Traditional ROI: 5.42%

70 Brookharbor S

Manistee, MI

2 beds | 2 baths | 955 sq.ft.

$359,900

Airbnb cash on cash: -1.65%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $1188

Traditional Rental Income: $1443

Airbnb ROI: -1.65%

Traditional ROI: 0.25%

361 2nd Street

Manistee, MI

4 beds | 2 baths | 2,844 sq.ft.

$481,000

Airbnb cash on cash: 0.51%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $1820

Traditional Rental Income: $3120

Airbnb ROI: 0.51%