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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2102 Nelson Street Manistee, MI Step into this great home that overlooks Manistee Lake from its large, covered front porch...	4 beds \| 2 baths \| 1,734 sq.ft.	$195,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 11.13% Airbnb Rental Income: $1504 Traditional Rental Income: $2545 Airbnb ROI: 3.13% Traditional ROI: 11.13%
930 Tamarack Street Manistee, MI Welcome home to 930 Tamarack in beautiful Manistee a western coast town of Michigan. As yo...	4 beds \| 3 baths \| 2,334 sq.ft.	$479,900	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.38% Airbnb Rental Income: $1504 Traditional Rental Income: $2863 Airbnb ROI: 0.37% Traditional ROI: 4.38%
3126 Lake Shore Road Manistee, MI Discover your private Lake Michigan oasis! This beautiful 3-bedroom, 2-bath beach home boa...	3 beds \| 2 baths \| 2,700 sq.ft.	$1,750,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 0.69% Airbnb Rental Income: $1320 Traditional Rental Income: $2954 Airbnb ROI: -0.57% Traditional ROI: 0.69%
12063 Caberfae Highway Manistee, MI Welcome to 12063 Caberfae Hwy, a beautifully updated home offering the perfect blend of co...	3 beds \| 3 baths \| 1,392 sq.ft.	$324,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 5.1% Airbnb Rental Income: $1320 Traditional Rental Income: $2316 Airbnb ROI: 0.5% Traditional ROI: 5.1%
70 Brookharbor S Manistee, MI Turnkey investment opportunity in sought-after Harbor Village! This updated 2-bedroom, 2-b...	2 beds \| 2 baths \| 955 sq.ft.	$359,900	Airbnb cash on cash: -2.75% Traditional cash on cash: -0.73% Airbnb Rental Income: $1139 Traditional Rental Income: $1443 Airbnb ROI: -2.75% Traditional ROI: -0.73%
1673 E Parkdale Avenue Manistee, MI Looking for the perfect Northern Michigan getaway, short-term rental, or year-round home? ...	3 beds \| 2 baths \| 1,318 sq.ft.	$295,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 4.56% Airbnb Rental Income: $1320 Traditional Rental Income: $1927 Airbnb ROI: 0.91% Traditional ROI: 4.56%
2631 Lakeshore Road Manistee, MI Want convenience, comfort and privacy all at the same time? Come see this nicely kept and...	3 beds \| 2 baths \| 1,544 sq.ft.	$335,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 5.2% Airbnb Rental Income: $1320 Traditional Rental Income: $2195 Airbnb ROI: 1.12% Traditional ROI: 5.2%
171 Joslin Cove Drive Manistee, MI End unit Waterfront Townhouse with a 20' boat slip and an attached garage. Amazing open fl...	2 beds \| 3 baths \| 1,476 sq.ft.	$425,000	Airbnb cash on cash: -1.33% Traditional cash on cash: 2.93% Airbnb Rental Income: $1139 Traditional Rental Income: $2457 Airbnb ROI: -1.33% Traditional ROI: 2.93%
3162 Crescent Beach Road Manistee, MI Lakefront opportunity on Portage Lake's sought-after south shore! This rare 1-acre parcel ...	3 beds \| 2 baths \| 2,436 sq.ft.	$950,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.1% Airbnb Rental Income: $1320 Traditional Rental Income: $2954 Airbnb ROI: -1.21% Traditional ROI: 1.1%
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.	$169,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 8.39% Airbnb Rental Income: $1320 Traditional Rental Income: $1848 Airbnb ROI: 2.58% Traditional ROI: 8.39%
317 5th Avenue #4 Manistee, MI This 2 bedroom 1 bath home is ready for you to move your furniture in and relax. Features ...	2 beds \| 1 baths \| 1,000 sq.ft.	$269,000	Airbnb cash on cash: -0.45% Traditional cash on cash: 4.34% Airbnb Rental Income: $1139 Traditional Rental Income: $1976 Airbnb ROI: -0.45% Traditional ROI: 4.34%
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 \| 3 baths \| 1,332 sq.ft.	$349,000	Airbnb cash on cash: -1.42% Traditional cash on cash: 3.44% Airbnb Rental Income: $1139 Traditional Rental Income: $2352 Airbnb ROI: -1.42% Traditional ROI: 3.44%
75 Filer Street Manistee, MI Turnkey Duplex Investment Near Downtown Manistee & Riverwalk!Excellent income-producing op...	3 beds \| N/A baths \| N/A	$205,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.49% Airbnb Rental Income: $1320 Traditional Rental Income: $1334 Airbnb ROI: 1.31% Traditional ROI: 3.49%
264 6th Avenue Manistee, MI Great Investment Opportunity or Owner-Occupied Duplex! This well-maintained duplex offers ...	3 beds \| N/A baths \| N/A	$205,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.67% Airbnb Rental Income: $1320 Traditional Rental Income: $1369 Airbnb ROI: 1.31% Traditional ROI: 3.67%
221 5th Street Manistee, MI Investment Opportunity- Multi-Purpose Building in the City of Manistee. 2 large upper rent...	3 beds \| N/A baths \| N/A	$159,000	Airbnb cash on cash: 2.59% Traditional cash on cash: 5.13% Airbnb Rental Income: $1320 Traditional Rental Income: $1297 Airbnb ROI: 2.59% Traditional ROI: 5.13%
260 Fremont Street Manistee, MI Move-In Ready North Side Gem Near Lake Michigan. Newly remodeled home is located on Manist...	3 beds \| 1 baths \| 1,468 sq.ft.	$269,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.47% Airbnb Rental Income: $1320 Traditional Rental Income: $1303 Airbnb ROI: 0.93% Traditional ROI: 2.47%
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.	$135,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 4.77% Airbnb Rental Income: $1139 Traditional Rental Income: $1007 Airbnb ROI: 2.87% Traditional ROI: 4.77%
86 Spinnaker Drive Manistee, MI This condominium's location is fantastic! This 2-bedroom 2.5 bath condo is located near 5t...	2 beds \| 3 baths \| 1,756 sq.ft.	$430,000	Airbnb cash on cash: -2.07% Traditional cash on cash: 0.99% Airbnb Rental Income: $1139 Traditional Rental Income: $1990 Airbnb ROI: -2.07% Traditional ROI: 0.99%
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.	$268,500	Airbnb cash on cash: 0.46% Traditional cash on cash: 3.85% Airbnb Rental Income: $1139 Traditional Rental Income: $1618 Airbnb ROI: 0.46% Traditional ROI: 3.85%
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: 1.3% Traditional cash on cash: 6.51% Airbnb Rental Income: $948 Traditional Rental Income: $1591 Airbnb ROI: 1.3% Traditional ROI: 6.51%
200 National Drive Manistee, MI Step into this custom built home that is three levels of pond views with a secluded charm....	4 beds \| 3 baths \| 2,800 sq.ft.	$550,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 3.49% Airbnb Rental Income: $1504 Traditional Rental Income: $3527 Airbnb ROI: -1.3% Traditional ROI: 3.49%
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: 3.16% Traditional cash on cash: 8.33% Airbnb Rental Income: $1320 Traditional Rental Income: $1652 Airbnb ROI: 3.16% Traditional ROI: 8.33%
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: 2.82% Traditional cash on cash: 6.23% Airbnb Rental Income: $1320 Traditional Rental Income: $1542 Airbnb ROI: 2.82% Traditional ROI: 6.23%
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.	$799,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 2.06% Airbnb Rental Income: $1320 Traditional Rental Income: $3447 Airbnb ROI: -1.34% Traditional ROI: 2.06%
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.	$995,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 3.47% Airbnb Rental Income: $1504 Traditional Rental Income: $4574 Airbnb ROI: -0.32% Traditional ROI: 3.47%
292 6th Avenue Manistee, MI Welcome to 292 6th Ave in the heart of Manistee, where historic charm meets modern comfort...	3 beds \| 1 baths \| 1,330 sq.ft.	$159,900	Airbnb cash on cash: 2.33% Traditional cash on cash: 7.2% Airbnb Rental Income: $1320 Traditional Rental Income: $1654 Airbnb ROI: 2.33% Traditional ROI: 7.2%
259 5th Avenue Manistee, MI Motivated Seller ,Walk to Lake Michigan & Downtown Manistee! Bring Offers! Great opportuni...	3 beds \| 2 baths \| 2,010 sq.ft.	$259,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 6.81% Airbnb Rental Income: $1320 Traditional Rental Income: $2549 Airbnb ROI: 0.13% Traditional ROI: 6.81%
219 2nd Avenue Manistee, MI 2 for the Price of one on the Very desirable Northside of Manistee. A few blocks to Downto...	4 beds \| 2 baths \| 2,706 sq.ft.	$349,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 5.48% Airbnb Rental Income: $1504 Traditional Rental Income: $2471 Airbnb ROI: 1.19% Traditional ROI: 5.48%
328 4th Street Manistee, MI Nice 3 bedroom home conveniently located to Historic Downtown Manistee, with shopping, res...	3 beds \| 1 baths \| 950 sq.ft.	$185,000	Airbnb cash on cash: 2.81% Traditional cash on cash: 5.62% Airbnb Rental Income: $1320 Traditional Rental Income: $1405 Airbnb ROI: 2.81% Traditional ROI: 5.62%
63 E Piney Road Manistee, MI This is more than a just lake home it's a private estate with multiple homes that celebrat...	1 beds \| 1 baths \| 1,717 sq.ft.	$990,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 0.57% Airbnb Rental Income: $948 Traditional Rental Income: $1739 Airbnb ROI: -0.66% Traditional ROI: 0.57%
289 6th Street Manistee, MI Welcome to this charming traditional 3+ bedroom home in a quiet, walkable neighborhood. Bl...	3 beds \| 1 baths \| 1,677 sq.ft.	$209,900	Airbnb cash on cash: 2.14% Traditional cash on cash: 6.21% Airbnb Rental Income: $1320 Traditional Rental Income: $1721 Airbnb ROI: 2.14% Traditional ROI: 6.21%

Real Estate investment in Manistee, MI

There are 65 properties for sale in the city of Manistee . The median list price in Manistee is $214,250 and the average price per square foot is $131. In May 2026, the average monthly cash on cash return in Manistee is 3.00%. The average monthly rental income in Manistee is $1,827.

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

There are 65 investment properties available for sale in Manistee.

In 2026, the best neighborhood to buy investment property is Manistee.

The ROI for Short-Term is higher than the Long-Term in Manistee with average rental income of $1,320.

Your search for investment property begins and ends here

Investment Property for Sale in Manistee, MI

2102 Nelson Street

Manistee, MI

4 beds | 2 baths | 1,734 sq.ft.

$195,000

Airbnb cash on cash: 3.13%

Traditional cash on cash: 11.13%

Airbnb Rental Income: $1504

Traditional Rental Income: $2545

Airbnb ROI: 3.13%

Traditional ROI: 11.13%

930 Tamarack Street

Manistee, MI

4 beds | 3 baths | 2,334 sq.ft.

$479,900

Airbnb cash on cash: 0.37%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1504

Traditional Rental Income: $2863

Airbnb ROI: 0.37%

Traditional ROI: 4.38%

3126 Lake Shore Road

Manistee, MI

3 beds | 2 baths | 2,700 sq.ft.

$1,750,000

Airbnb cash on cash: -0.57%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1320

Traditional Rental Income: $2954

Airbnb ROI: -0.57%

Traditional ROI: 0.69%

12063 Caberfae Highway

Manistee, MI

3 beds | 3 baths | 1,392 sq.ft.

$324,900

Airbnb cash on cash: 0.5%

Traditional cash on cash: 5.1%

Airbnb Rental Income: $1320

Traditional Rental Income: $2316

Airbnb ROI: 0.5%

Traditional ROI: 5.1%

70 Brookharbor S

Manistee, MI

2 beds | 2 baths | 955 sq.ft.

$359,900

Airbnb cash on cash: -2.75%

Traditional cash on cash: -0.73%

Airbnb Rental Income: $1139

Traditional Rental Income: $1443

Airbnb ROI: -2.75%

Traditional ROI: -0.73%

1673 E Parkdale Avenue

Manistee, MI

3 beds | 2 baths | 1,318 sq.ft.

$295,000

Airbnb cash on cash: 0.91%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $1320

Traditional Rental Income: $1927

Airbnb ROI: 0.91%

Traditional ROI: 4.56%

2631 Lakeshore Road

Manistee, MI

3 beds | 2 baths | 1,544 sq.ft.

$335,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 5.2%

Airbnb Rental Income: $1320

Traditional Rental Income: $2195

Airbnb ROI: 1.12%

Traditional ROI: 5.2%

171 Joslin Cove Drive

Manistee, MI

2 beds | 3 baths | 1,476 sq.ft.

$425,000

Airbnb cash on cash: -1.33%

Traditional cash on cash: 2.93%

Airbnb Rental Income: $1139

Traditional Rental Income: $2457

Airbnb ROI: -1.33%