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
4765 Caberfae Highway Manistee, MI This well maintained ranch charmer features 3 bedrooms and 1 bathroom. The sturdy brick ex...	3 beds \| 1 baths \| 1,195 sq.ft.	$265,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 3.89% Airbnb Rental Income: $1717 Traditional Rental Income: $1632 Airbnb ROI: 2.33% Traditional ROI: 3.89%
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: -0.36% Traditional cash on cash: 0.69% Airbnb Rental Income: $1717 Traditional Rental Income: $2954 Airbnb ROI: -0.36% Traditional ROI: 0.69%
1424 Timber Ridge Drive Manistee, MI Offering the perfect combination of location, modern updates, and exceptional care, this s...	4 beds \| 2 baths \| 3,875 sq.ft.	$674,900	Airbnb cash on cash: 0.51% Traditional cash on cash: 3.2% Airbnb Rental Income: $1837 Traditional Rental Income: $3036 Airbnb ROI: 0.51% Traditional ROI: 3.2%
3 Brookharbor N Manistee, MI What a view! Light, bright and right on the water! This studio end unit condominium has a ...	1 beds \| N/A baths \| 465 sq.ft.	$250,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 1.38% Airbnb Rental Income: $1260 Traditional Rental Income: $1290 Airbnb ROI: -0.44% Traditional ROI: 1.38%
10826 Old Freesoil Rd N Manistee, MI Picture-perfect and move-in ready! This beautifully updated home in Sunset Strip Subdivisi...	3 beds \| 2 baths \| 1,764 sq.ft.	$849,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.5% Airbnb Rental Income: $1717 Traditional Rental Income: $2523 Airbnb ROI: -0.12% Traditional ROI: 1.5%
4993 Little River Road Manistee, MI Rare opportunity to own a one-of-a-kind riverfront retreat on the north side of the Little...	2 beds \| 1 baths \| 600 sq.ft.	$499,000	Airbnb cash on cash: -0.86% Traditional cash on cash: -0.3% Airbnb Rental Income: $1534 Traditional Rental Income: $1349 Airbnb ROI: -0.86% Traditional ROI: -0.3%
1306 27th Street Manistee, MI Great opportunity on this spacious corner lot located directly across from the park! This ...	4 beds \| 1 baths \| 1,755 sq.ft.	$239,900	Airbnb cash on cash: 3.44% Traditional cash on cash: 2.69% Airbnb Rental Income: $1837 Traditional Rental Income: $1171 Airbnb ROI: 3.44% Traditional ROI: 2.69%
10 Cottage Lane Manistee, MI Welcome to easy living in beautiful Manistee! This well-maintained condo at 10 Cottage Dri...	2 beds \| 2 baths \| 2,188 sq.ft.	$614,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 2.38% Airbnb Rental Income: $1534 Traditional Rental Income: $2795 Airbnb ROI: -0.6% Traditional ROI: 2.38%
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: 2.1% Traditional cash on cash: 4.56% Airbnb Rental Income: $1717 Traditional Rental Income: $1927 Airbnb ROI: 2.1% Traditional ROI: 4.56%
377 4th Street Manistee, MI Step into history with this exquisite 1861 Victorian gem in Manistee, perfectly blending t...	4 beds \| 3 baths \| 2,538 sq.ft.	$399,000	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.78% Airbnb Rental Income: $1837 Traditional Rental Income: $2488 Airbnb ROI: 1.72% Traditional ROI: 4.78%
4370 Red Apple Road Manistee, MI Welcome to 4370 Red Apple with four large bedrooms and two full bathrooms! This efficient ...	4 beds \| 2 baths \| 2,303 sq.ft.	$398,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 4.82% Airbnb Rental Income: $1837 Traditional Rental Income: $2834 Airbnb ROI: 0.82% Traditional ROI: 4.82%
3601 Madison Road Manistee, MI Escape to your UP North Hunting or Fishing retreat on nearly 10 Acres surrounded by Federa...	2 beds \| 1 baths \| 1,134 sq.ft.	$275,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 3.1% Airbnb Rental Income: $1534 Traditional Rental Income: $1435 Airbnb ROI: 1.76% Traditional ROI: 3.1%
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: -0.84% Traditional cash on cash: 1.1% Airbnb Rental Income: $1717 Traditional Rental Income: $2954 Airbnb ROI: -0.84% Traditional ROI: 1.1%
1056 E Parkdale Avenue Manistee, MI Three bedroom, 1.5 bath ranch style brick home with all new windows just north of Manistee...	3 beds \| 2 baths \| 1,814 sq.ft.	$235,900	Airbnb cash on cash: 3.35% Traditional cash on cash: 8.74% Airbnb Rental Income: $1717 Traditional Rental Income: $2443 Airbnb ROI: 3.35% Traditional ROI: 8.74%
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.	$265,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 4.58% Airbnb Rental Income: $1534 Traditional Rental Income: $1976 Airbnb ROI: 1.03% Traditional ROI: 4.58%
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: -0.42% Traditional cash on cash: 3.44% Airbnb Rental Income: $1534 Traditional Rental Income: $2352 Airbnb ROI: -0.42% 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: 3.02% Traditional cash on cash: 3.49% Airbnb Rental Income: $1717 Traditional Rental Income: $1334 Airbnb ROI: 3.02% 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: 3.02% Traditional cash on cash: 3.67% Airbnb Rental Income: $1717 Traditional Rental Income: $1369 Airbnb ROI: 3.02% 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: 4.77% Traditional cash on cash: 5.13% Airbnb Rental Income: $1717 Traditional Rental Income: $1297 Airbnb ROI: 4.77% 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: 2.23% Traditional cash on cash: 2.47% Airbnb Rental Income: $1717 Traditional Rental Income: $1303 Airbnb ROI: 2.23% Traditional ROI: 2.47%
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.	$419,000	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.04% Airbnb Rental Income: $1534 Traditional Rental Income: $1990 Airbnb ROI: -1.26% Traditional ROI: 1.04%
100 Marina Drive Manistee, MI You can have the BEST of both worlds! This beautifully appointed, stand alone single-famil...	4 beds \| 3 baths \| 2,624 sq.ft.	$990,000	Airbnb cash on cash: -1.05% Traditional cash on cash: 0.63% Airbnb Rental Income: $1837 Traditional Rental Income: $2883 Airbnb ROI: -1.05% Traditional ROI: 0.63%
86 Washington Street #340 Manistee, MI It's better at the top and this is no exception! Extra windows in the hallway plus full si...	1 beds \| 1 baths \| 720 sq.ft.	$170,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 0.75% Airbnb Rental Income: $1260 Traditional Rental Income: $1130 Airbnb ROI: -0.9% Traditional ROI: 0.75%
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: 2.67% Traditional cash on cash: 6.51% Airbnb Rental Income: $1260 Traditional Rental Income: $1591 Airbnb ROI: 2.67% 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.	$525,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 3.7% Airbnb Rental Income: $1837 Traditional Rental Income: $3527 Airbnb ROI: -0.75% Traditional ROI: 3.7%
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: 5.47% Traditional cash on cash: 8.33% Airbnb Rental Income: $1717 Traditional Rental Income: $1652 Airbnb ROI: 5.47% Traditional ROI: 8.33%
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: -0.9% Traditional cash on cash: 2.06% Airbnb Rental Income: $1717 Traditional Rental Income: $3447 Airbnb ROI: -0.9% 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.	$940,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 3.73% Airbnb Rental Income: $1837 Traditional Rental Income: $4574 Airbnb ROI: 0.04% Traditional ROI: 3.73%
805 High Street Manistee, MI This 4 bedroom 2 bath home has room for the whole family. Lots of updates, new appliances,...	4 beds \| 2 baths \| 1,512 sq.ft.	$235,000	Airbnb cash on cash: 3.9% Traditional cash on cash: 6.04% Airbnb Rental Income: $1837 Traditional Rental Income: $1817 Airbnb ROI: 3.9% Traditional ROI: 6.04%
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: 4.5% Traditional cash on cash: 7.2% Airbnb Rental Income: $1717 Traditional Rental Income: $1654 Airbnb ROI: 4.5% 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.	$249,900	Airbnb cash on cash: 1.58% Traditional cash on cash: 7.12% Airbnb Rental Income: $1717 Traditional Rental Income: $2549 Airbnb ROI: 1.58% Traditional ROI: 7.12%
332 3rd Street Manistee, MI Cute bungalow with all the details of the era. Original Farm sink, solid wood cabinets, co...	3 beds \| 1 baths \| 1,369 sq.ft.	$129,900	Airbnb cash on cash: 7.16% Traditional cash on cash: 10.13% Airbnb Rental Income: $1717 Traditional Rental Income: $1613 Airbnb ROI: 7.16% Traditional ROI: 10.13%
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.	$329,000	Airbnb cash on cash: 2.22% Traditional cash on cash: 5.87% Airbnb Rental Income: $1837 Traditional Rental Income: $2471 Airbnb ROI: 2.22% Traditional ROI: 5.87%
328 4th Street Manistee, MI LAKE MICHIGAN #1 BEACH 1 mile away from this remodeled home. Nice 3 bedroom home convenien...	3 beds \| 1 baths \| 950 sq.ft.	$184,000	Airbnb cash on cash: 4.72% Traditional cash on cash: 5.65% Airbnb Rental Income: $1717 Traditional Rental Income: $1405 Airbnb ROI: 4.72% Traditional ROI: 5.65%

Real Estate investment in Manistee, MI

There are 79 properties for sale in the city of Manistee . The median list price in Manistee is $248,871 and the average price per square foot is $152. In June 2026, the average monthly cash on cash return in Manistee is 3.00%. The average monthly rental income in Manistee is $1,704.

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

There are 79 investment properties available for sale in Manistee.

In 2026, 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 $1,704.

Your search for investment property begins and ends here

Investment Property for Sale in Manistee, MI

4765 Caberfae Highway

Manistee, MI

3 beds | 1 baths | 1,195 sq.ft.

$265,000

Airbnb cash on cash: 2.33%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1717

Traditional Rental Income: $1632

Airbnb ROI: 2.33%

Traditional ROI: 3.89%

3126 Lake Shore Road

Manistee, MI

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

$1,750,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 0.69%

Airbnb Rental Income: $1717

Traditional Rental Income: $2954

Airbnb ROI: -0.36%

Traditional ROI: 0.69%

1424 Timber Ridge Drive

Manistee, MI

4 beds | 2 baths | 3,875 sq.ft.

$674,900

Airbnb cash on cash: 0.51%

Traditional cash on cash: 3.2%

Airbnb Rental Income: $1837

Traditional Rental Income: $3036

Airbnb ROI: 0.51%

Traditional ROI: 3.2%

3 Brookharbor N

Manistee, MI

1 beds | N/A baths | 465 sq.ft.

$250,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $1260

Traditional Rental Income: $1290

Airbnb ROI: -0.44%

Traditional ROI: 1.38%

10826 Old Freesoil Rd N

Manistee, MI

3 beds | 2 baths | 1,764 sq.ft.

$849,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $1717

Traditional Rental Income: $2523

Airbnb ROI: -0.12%

Traditional ROI: 1.5%

4993 Little River Road

Manistee, MI

2 beds | 1 baths | 600 sq.ft.

$499,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: -0.3%

Airbnb Rental Income: $1534

Traditional Rental Income: $1349

Airbnb ROI: -0.86%

Traditional ROI: -0.3%

1306 27th Street

Manistee, MI

4 beds | 1 baths | 1,755 sq.ft.

$239,900

Airbnb cash on cash: 3.44%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $1837

Traditional Rental Income: $1171

Airbnb ROI: 3.44%

Traditional ROI: 2.69%

10 Cottage Lane

Manistee, MI

2 beds | 2 baths | 2,188 sq.ft.

$614,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 2.38%

Airbnb Rental Income: $1534

Traditional Rental Income: $2795

Airbnb ROI: -0.6%