Real Estate Investment Properties for Sale in Onekama, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
8195 Fifth Street Onekama, MI Step into timeless charm with this beautifully preserved Victorian in the heart of Onekama...	N/A beds \| N/A baths \| 2,056 sq.ft.	$749,000	Airbnb cash on cash: -1.99% Traditional cash on cash: 2.09% Airbnb Rental Income: $792 Traditional Rental Income: $3321 Airbnb ROI: -1.99% Traditional ROI: 2.09%
4990 Main Street Onekama, MI The opportunities are endless with this 3 bedroom 1 & 1/2 bath home with attached one car ...	3 beds \| 2 baths \| 2,500 sq.ft.	$360,000	Airbnb cash on cash: 1.67% Traditional cash on cash: 5.15% Airbnb Rental Income: $2057 Traditional Rental Income: $2702 Airbnb ROI: 1.67% Traditional ROI: 5.15%
4642 Main Street Onekama, MI THREE separate units, completely renovated, generating income on Portage Lake is priced to...	8 beds \| N/A baths \| N/A	$1,099,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.64% Airbnb Rental Income: $null Traditional Rental Income: $2475 Airbnb ROI: N/A Traditional ROI: 0.64%
8496 Mill Street Onekama, MI Fully Renovated in 2024! This sweet little home in the village of Onekama has been beautif...	3 beds \| 1 baths \| 1,410 sq.ft.	$209,900	Airbnb cash on cash: 4.79% Traditional cash on cash: 5.64% Airbnb Rental Income: $2057 Traditional Rental Income: $1694 Airbnb ROI: 4.79% Traditional ROI: 5.64%
4472 Crescent Beach Road Onekama, MI Portage Lake with opportunities! 205 feet of Portage Lake frontage with a Residence, Effi...	3 beds \| 2 baths \| 1,529 sq.ft.	$1,550,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 0.29% Airbnb Rental Income: $2057 Traditional Rental Income: $2361 Airbnb ROI: -0.3% Traditional ROI: 0.29%
4914 Main Street Onekama, MI An opportunity to buy 2 commercial lots in the Village of Onekama, located across the stre...	3 beds \| 1 baths \| 970 sq.ft.	$172,500	Airbnb cash on cash: 6.16% Traditional cash on cash: 6.04% Airbnb Rental Income: $2057 Traditional Rental Income: $1505 Airbnb ROI: 6.16% Traditional ROI: 6.04%
4472 Crescent Beach Rd. Rd Onekama, MI	3 beds \| 2 baths \| 1,529 sq.ft.	$1,550,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 0.47% Airbnb Rental Income: $2057 Traditional Rental Income: $2626 Airbnb ROI: -0.3% Traditional ROI: 0.47%
8568 S Portage Point Drive unit: 3 (Dh 4) Onekama, MI Own your cottage at the historic Portage Point Inn & Marina beachfront resort. Partial vie...	1 beds \| 1 baths \| 230 sq.ft.	$128,500	Airbnb cash on cash: -0.73% Traditional cash on cash: 5.24% Airbnb Rental Income: $573 Traditional Rental Income: $1026 Airbnb ROI: -0.73% Traditional ROI: 5.24%
7616 1st Street Onekama, MI Discover a rare opportunity to own one of Portage Lake's premier waterfront homes. Built i...	5 beds \| 4 baths \| 2,960 sq.ft.	$1,699,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $5171 Airbnb ROI: N/A Traditional ROI: 1.74%
8195 5th Street Onekama, MI Step into timeless charm with this beautifully preserved Victorian in the heart of Onekama...	5 beds \| N/A baths \| N/A	$749,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.66% Airbnb Rental Income: $null Traditional Rental Income: $2501 Airbnb ROI: N/A Traditional ROI: 1.66%
4642 Main St Lot : 2&34 Onekama, MI 4642 Main St Lot : 2&34, Onekama, MI 49675 \| Single Family Residential	6 beds \| 3 baths \| 2,340 sq.ft.	$1,149,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.15% Airbnb Rental Income: $null Traditional Rental Income: $2957 Airbnb ROI: N/A Traditional ROI: 0.15%
1 Greenway Onekama, MI 1 Greenway, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$49,000	Airbnb cash on cash: 5.1% Traditional cash on cash: 9.38% Airbnb Rental Income: $792 Traditional Rental Income: $685 Airbnb ROI: 5.1% Traditional ROI: 9.38%
Moon Ridge Rd Onekama, MI Moon Ridge Rd, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.81% Airbnb Rental Income: $792 Traditional Rental Income: $685 Airbnb ROI: 0.59% Traditional ROI: 2.81%
Moon Ridge Rd Lot : 82,107 Onekama, MI Moon Ridge Rd Lot : 82,107, Onekama, MI 49675 \| Other	N/A beds \| N/A baths \| N/A	$99,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.81% Airbnb Rental Income: $792 Traditional Rental Income: $685 Airbnb ROI: 0.59% Traditional ROI: 2.81%
5895 Maidens Road Onekama, MI Experience true Northern Michigan living in this stunning 4-bedroom, 3-bath full log home ...	4 beds \| 3 baths \| 2,878 sq.ft.	$650,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 0.45% Airbnb Rental Income: $1345 Traditional Rental Income: $1344 Airbnb ROI: -0.23% Traditional ROI: 0.45%

Real Estate investment in Onekama, MI

There are 17 properties for sale in the city of Onekama . The median list price in Onekama is $387,000 and the average price per square foot is $186. In March 2026, the average monthly cash on cash return in Onekama is 2.00%. The average monthly rental income in Onekama is $1,026.

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

There are 17 investment properties available for sale in Onekama.

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

The ROI for Short-Term is higher than the Long-Term in Onekama with average rental income of $792.

Your search for investment property begins and ends here

Investment Property for Sale in Onekama, MI

8195 Fifth Street

Onekama, MI

N/A beds | N/A baths | 2,056 sq.ft.

$749,000

Airbnb cash on cash: -1.99%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $792

Traditional Rental Income: $3321

Airbnb ROI: -1.99%

Traditional ROI: 2.09%

4990 Main Street

Onekama, MI

3 beds | 2 baths | 2,500 sq.ft.

$360,000

Airbnb cash on cash: 1.67%

Traditional cash on cash: 5.15%

Airbnb Rental Income: $2057

Traditional Rental Income: $2702

Airbnb ROI: 1.67%

Traditional ROI: 5.15%

4642 Main Street

Onekama, MI

8 beds | N/A baths | N/A

$1,099,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.64%

Airbnb Rental Income: $null

Traditional Rental Income: $2475

Airbnb ROI: N/A

Traditional ROI: 0.64%

8496 Mill Street

Onekama, MI

3 beds | 1 baths | 1,410 sq.ft.

$209,900

Airbnb cash on cash: 4.79%

Traditional cash on cash: 5.64%

Airbnb Rental Income: $2057

Traditional Rental Income: $1694

Airbnb ROI: 4.79%

Traditional ROI: 5.64%

4472 Crescent Beach Road

Onekama, MI

3 beds | 2 baths | 1,529 sq.ft.

$1,550,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 0.29%

Airbnb Rental Income: $2057

Traditional Rental Income: $2361

Airbnb ROI: -0.3%

Traditional ROI: 0.29%

4914 Main Street

Onekama, MI

3 beds | 1 baths | 970 sq.ft.

$172,500

Airbnb cash on cash: 6.16%

Traditional cash on cash: 6.04%

Airbnb Rental Income: $2057

Traditional Rental Income: $1505

Airbnb ROI: 6.16%

Traditional ROI: 6.04%

4472 Crescent Beach Rd. Rd

Onekama, MI

3 beds | 2 baths | 1,529 sq.ft.

$1,550,000

Airbnb cash on cash: -0.3%

Traditional cash on cash: 0.47%

Airbnb Rental Income: $2057

Traditional Rental Income: $2626

Airbnb ROI: -0.3%

Traditional ROI: 0.47%

8568 S Portage Point Drive unit: 3 (Dh 4)

Onekama, MI

1 beds | 1 baths | 230 sq.ft.

$128,500

Airbnb cash on cash: -0.73%

Traditional cash on cash: 5.24%

Airbnb Rental Income: $573

Traditional Rental Income: $1026

Airbnb ROI: -0.73%