Real Estate Investment Properties for Sale in Petoskey, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1200 CHARLEVOIX AVE 3 Petoskey, MI With a view over the bay almost to the UP, affording you the enjoyment of sunsets and nort...	3 beds \| 3 baths \| 2,191 sq.ft.	$1,200,000	Airbnb cash on cash: -1.32% Traditional cash on cash: 0.43% Airbnb Rental Income: $1956 Traditional Rental Income: $3396 Airbnb ROI: -1.32% Traditional ROI: 0.43%
814 Harbor Watch #65 Petoskey, MI Stunning Harbor Watch home Petoskey offers luxurious lakefront living with breathtaking la...	4 beds \| 4 baths \| 2,980 sq.ft.	$875,000	Airbnb cash on cash: -6.63% Traditional cash on cash: -5.04% Airbnb Rental Income: $3000 Traditional Rental Income: $3608 Airbnb ROI: -6.63% Traditional ROI: -5.04%
869 SURREY LANE Petoskey, MI Tucked away on a quiet cul-de-sac just behind the Bay View Golf Club, this thoughtfully up...	4 beds \| 3 baths \| 2,951 sq.ft.	$510,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.87% Airbnb Rental Income: $3000 Traditional Rental Income: $3144 Airbnb ROI: 2.12% Traditional ROI: 3.87%
606 State Petoskey, MI Downtown Dream in Petoskey! Welcome to this stunning 4 bedroom, 4 full-bath & 1 half-bath ...	4 beds \| 5 baths \| 3,336 sq.ft.	$1,250,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 1.38% Airbnb Rental Income: $3000 Traditional Rental Income: $4638 Airbnb ROI: -0.62% Traditional ROI: 1.38%
202 Wesley Petoskey, MI Live the Northern Michigan lifestyle just blocks from downtown Petoskey. This 3-bedroom, 1...	3 beds \| 1 baths \| 1,130 sq.ft.	$314,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 2.91% Airbnb Rental Income: $1956 Traditional Rental Income: $1703 Airbnb ROI: 2.03% Traditional ROI: 2.91%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 1.05% Traditional cash on cash: 3.16% Airbnb Rental Income: $1445 Traditional Rental Income: $1561 Airbnb ROI: 1.05% Traditional ROI: 3.16%
3155 Greenfield Drive Petoskey, MI Welcome to this beautifully maintained 4-bedroom, 2-bath home in a desirable Petoskey neig...	4 beds \| 2 baths \| 2,000 sq.ft.	$519,900	Airbnb cash on cash: 2.04% Traditional cash on cash: 2.22% Airbnb Rental Income: $3000 Traditional Rental Income: $2401 Airbnb ROI: 2.04% Traditional ROI: 2.22%
513 Liberty Petoskey, MI Charm, location, and income potential come together at this centrally located Petoskey dup...	4 beds \| N/A baths \| 1,816 sq.ft.	$350,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 3.4% Airbnb Rental Income: $3000 Traditional Rental Income: $2041 Airbnb ROI: 4.22% Traditional ROI: 3.4%
4325 US 131 Petoskey, MI Nestled in a very private setting close to Petoskey, this exceptional home offers the idea...	4 beds \| 3 baths \| 3,605 sq.ft.	$589,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.77% Airbnb Rental Income: $3000 Traditional Rental Income: $2460 Airbnb ROI: 1.5% Traditional ROI: 1.77%
3895 Leslie #16 Petoskey, MI Welcome to this brand-new ranch-style duplex in Windsong Woods, offering affordable Northe...	2 beds \| 2 baths \| 1,013 sq.ft.	$299,900	Airbnb cash on cash: 0.74% Traditional cash on cash: 4.87% Airbnb Rental Income: $1445 Traditional Rental Income: $2181 Airbnb ROI: 0.74% Traditional ROI: 4.87%
1800 Farmview Petoskey, MI Come VISIT us at FARM VIEW, you will LOVE it and our NEW Homes! It's located just a mile o...	3 beds \| 2 baths \| 1,920 sq.ft.	$699,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 1.6% Airbnb Rental Income: $1956 Traditional Rental Income: $2783 Airbnb ROI: -0.46% Traditional ROI: 1.6%
1827 Farmview Petoskey, MI Welcome to FARM VIEWâ¦with large 2-Acre sitesâ¦only a mile to âwonderful Petoskey"...a...	3 beds \| 2 baths \| 2,000 sq.ft.	$849,000	Airbnb cash on cash: -0.83% Traditional cash on cash: 0.92% Airbnb Rental Income: $1956 Traditional Rental Income: $2821 Airbnb ROI: -0.83% Traditional ROI: 0.92%
8198 N Horton Bay Petoskey, MI Welcome to your dream hobby farm, perfectly located between Petoskey, Boyne City, and Char...	3 beds \| 2 baths \| 1,450 sq.ft.	$450,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 3.63% Airbnb Rental Income: $1956 Traditional Rental Income: $2202 Airbnb ROI: 1.82% Traditional ROI: 3.63%
215 W Lake Street Petoskey, MI Location, location, location! This property is just a short walk from Petoskey's charming ...	4 beds \| 1 baths \| 1,967 sq.ft.	$350,000	Airbnb cash on cash: 4.22% Traditional cash on cash: 2.6% Airbnb Rental Income: $3000 Traditional Rental Income: $1776 Airbnb ROI: 4.22% Traditional ROI: 2.6%
1780 Howard Petoskey, MI Development parcel conveniently located near the busy south side of Petoskey and includes ...	3 beds \| 2 baths \| 1,344 sq.ft.	$635,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 1.03% Airbnb Rental Income: $1956 Traditional Rental Income: $2200 Airbnb ROI: -0.25% Traditional ROI: 1.03%
1124 E Mitchell Street Petoskey, MI MOTIVATED! BRING OFFERS AND move in in time to experience the delightful tradition and fun...	4 beds \| 2 baths \| 1,500 sq.ft.	$568,847	Airbnb cash on cash: 1.65% Traditional cash on cash: 1.5% Airbnb Rental Income: $3000 Traditional Rental Income: $2232 Airbnb ROI: 1.65% Traditional ROI: 1.5%
3227 CEMETERY Petoskey, MI Think its not possible to have a home on acreage close to the heart of Petoskey? Think aga...	4 beds \| 3 baths \| 2,900 sq.ft.	$799,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.6% Airbnb Rental Income: $3000 Traditional Rental Income: $3167 Airbnb ROI: 0.45% Traditional ROI: 1.6%
46 Bridge Street Petoskey, MI This home is close to McLaren Petoskey campus. Shopping and gaming just minutes away. Unco...	5 beds \| 2 baths \| 2,108 sq.ft.	$197,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.07% Airbnb Rental Income: $null Traditional Rental Income: $2634 Airbnb ROI: N/A Traditional ROI: 11.07%
4838 KEATON LANE 106 Petoskey, MI This Charming Home Awaits: Nestled and elevated expansive view of the valley below and Cro...	4 beds \| 3 baths \| 2,100 sq.ft.	$649,900	Airbnb cash on cash: 1.13% Traditional cash on cash: 1.83% Airbnb Rental Income: $3000 Traditional Rental Income: $2738 Airbnb ROI: 1.13% Traditional ROI: 1.83%
1145 Woodland Dr Petoskey, MI Coveted Parkview Estates Location â A Fixer-Upper with incredible potential! Nestled bet...	4 beds \| 2 baths \| 2,128 sq.ft.	$375,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 5.04% Airbnb Rental Income: $3000 Traditional Rental Income: $2756 Airbnb ROI: 3.78% Traditional ROI: 5.04%
869 SURREY Petoskey, MI Tucked away on a quiet cul-de-sac just behind the Bay View Golf Club, this thoughtfully up...	4 beds \| 3 baths \| 2,951 sq.ft.	$510,000	Airbnb cash on cash: 2.12% Traditional cash on cash: 3.63% Airbnb Rental Income: $3000 Traditional Rental Income: $3029 Airbnb ROI: 2.12% Traditional ROI: 3.63%
316 Monroe Petoskey, MI Downtown Living with Character & Space This 5-bedroom, 3-bath home has all the charm youâ...	5 beds \| 3 baths \| 2,300 sq.ft.	$399,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.93% Airbnb Rental Income: $null Traditional Rental Income: $2881 Airbnb ROI: N/A Traditional ROI: 4.93%
520 Franklin Estate Petoskey, MI Whether a forever home or a getaway cabin, this new home is maintenance free....Experience...	3 beds \| 2 baths \| 960 sq.ft.	$289,000	Airbnb cash on cash: 3.78% Traditional cash on cash: 6% Airbnb Rental Income: $1956 Traditional Rental Income: $2046 Airbnb ROI: 3.78% Traditional ROI: 6%
3652 Country Club Petoskey, MI Charming 3-bedroom, 2-bath ranch on nearly half an acre, just a short drive from Petoskey....	3 beds \| 2 baths \| 1,060 sq.ft.	$339,000	Airbnb cash on cash: 1.71% Traditional cash on cash: 3.27% Airbnb Rental Income: $1956 Traditional Rental Income: $1938 Airbnb ROI: 1.71% Traditional ROI: 3.27%
1491 Maxwell Road Petoskey, MI Step into elegance with this 4 bedroom, 3 bath home in Petoskey, set on 2.5 acres of natur...	4 beds \| 3 baths \| 2,927 sq.ft.	$790,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 1.47% Airbnb Rental Income: $3000 Traditional Rental Income: $3041 Airbnb ROI: 0.48% Traditional ROI: 1.47%
2882 School Road Petoskey, MI Location, Location, Location! Nestled between the crystal-clear waters of Walloon Lake and...	3 beds \| 2 baths \| 1,296 sq.ft.	$359,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 3.17% Airbnb Rental Income: $1956 Traditional Rental Income: $2014 Airbnb ROI: 1.47% Traditional ROI: 3.17%
944 Windsong Place Petoskey, MI Welcome to this charming and meticulously cared-for 4-bedroom, 2.5-bathroom home, located ...	4 beds \| 3 baths \| 2,026 sq.ft.	$349,900	Airbnb cash on cash: 4.23% Traditional cash on cash: 6.28% Airbnb Rental Income: $3000 Traditional Rental Income: $2985 Airbnb ROI: 4.23% Traditional ROI: 6.28%
281 N Blanchard Petoskey, MI East of downtown Petoskey, this cozy 4 bedroom, 3 bathroom ranch offers rural views and au...	4 beds \| 3 baths \| 1,594 sq.ft.	$349,000	Airbnb cash on cash: 4.24% Traditional cash on cash: 5.2% Airbnb Rental Income: $3000 Traditional Rental Income: $2624 Airbnb ROI: 4.24% Traditional ROI: 5.2%
332 W Sheridan Petoskey, MI Cute, cozy and in a perfect location! What a gem of a home. Close to town, extremely clos...	3 beds \| 1 baths \| 1,000 sq.ft.	$260,000	Airbnb cash on cash: 2.97% Traditional cash on cash: 3.36% Airbnb Rental Income: $1956 Traditional Rental Income: $1536 Airbnb ROI: 2.97% Traditional ROI: 3.36%
3440 N Lakeside #68 Petoskey, MI Fully Renovated & Turnkey Waterfront Living! Discover the ultimate turnkey lifestyle in th...	1 beds \| 1 baths \| 700 sq.ft.	$269,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.55% Airbnb Rental Income: $1557 Traditional Rental Income: $1380 Airbnb ROI: 1.48% Traditional ROI: 2.55%
512 Jackson Petoskey, MI Move in ready and full of character, this 3-bed, 1.5-bath home blends classic character wi...	3 beds \| 2 baths \| 1,528 sq.ft.	$340,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.11% Airbnb Rental Income: $1956 Traditional Rental Income: $2213 Airbnb ROI: 1.7% Traditional ROI: 4.11%
929 Eppler Road Petoskey, MI Discover the perfect blend of comfort, location, and Northern Michigan living. This well-b...	3 beds \| 2 baths \| 1,500 sq.ft.	$375,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 3.33% Airbnb Rental Income: $1956 Traditional Rental Income: $2153 Airbnb ROI: 1.31% Traditional ROI: 3.33%

Real Estate investment in Petoskey, MI

There are 32 properties for sale in the city of Petoskey . The median list price in Petoskey is $387,000 and the average price per square foot is $199. In December 2025, the average monthly cash on cash return in Petoskey is 3.00%. The average monthly rental income in Petoskey is $2,460.

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

There are 32 investment properties available for sale in Petoskey.

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

The ROI for Long-Term is higher than the Short-Term in Petoskey with average rental income of $2,460.

Your search for investment property begins and ends here

Investment Property for Sale in Petoskey, MI

1200 CHARLEVOIX AVE 3

Petoskey, MI

3 beds | 3 baths | 2,191 sq.ft.

$1,200,000

Airbnb cash on cash: -1.32%

Traditional cash on cash: 0.43%

Airbnb Rental Income: $1956

Traditional Rental Income: $3396

Airbnb ROI: -1.32%

Traditional ROI: 0.43%

814 Harbor Watch #65

Petoskey, MI

4 beds | 4 baths | 2,980 sq.ft.

$875,000

Airbnb cash on cash: -6.63%

Traditional cash on cash: -5.04%

Airbnb Rental Income: $3000

Traditional Rental Income: $3608

Airbnb ROI: -6.63%

Traditional ROI: -5.04%

869 SURREY LANE

Petoskey, MI

4 beds | 3 baths | 2,951 sq.ft.

$510,000

Airbnb cash on cash: 2.12%

Traditional cash on cash: 3.87%

Airbnb Rental Income: $3000

Traditional Rental Income: $3144

Airbnb ROI: 2.12%

Traditional ROI: 3.87%

606 State

Petoskey, MI

4 beds | 5 baths | 3,336 sq.ft.

$1,250,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $3000

Traditional Rental Income: $4638

Airbnb ROI: -0.62%

Traditional ROI: 1.38%

202 Wesley

Petoskey, MI

3 beds | 1 baths | 1,130 sq.ft.

$314,900

Airbnb cash on cash: 2.03%

Traditional cash on cash: 2.91%

Airbnb Rental Income: $1956

Traditional Rental Income: $1703

Airbnb ROI: 2.03%

Traditional ROI: 2.91%

3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 1.05%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1445

Traditional Rental Income: $1561

Airbnb ROI: 1.05%

Traditional ROI: 3.16%

3155 Greenfield Drive

Petoskey, MI

4 beds | 2 baths | 2,000 sq.ft.

$519,900

Airbnb cash on cash: 2.04%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $3000

Traditional Rental Income: $2401

Airbnb ROI: 2.04%

Traditional ROI: 2.22%

513 Liberty

Petoskey, MI

4 beds | N/A baths | 1,816 sq.ft.

$350,000

Airbnb cash on cash: 4.22%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $3000

Traditional Rental Income: $2041

Airbnb ROI: 4.22%