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
991 CROSS CREEK Petoskey, MI OPEN HOUSE: Saturday 10/31 - 1 to 2 pm. Enjoy the convenience of living just minutes from ...	3 beds \| 3 baths \| 2,039 sq.ft.	$499,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 2.93% Airbnb Rental Income: $2593 Traditional Rental Income: $2638 Airbnb ROI: 1.5% Traditional ROI: 2.93%
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.	$1,175,000	Airbnb cash on cash: 0.03% Traditional cash on cash: 1.63% Airbnb Rental Income: $3701 Traditional Rental Income: $4638 Airbnb ROI: 0.03% Traditional ROI: 1.63%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 3.16% Airbnb Rental Income: $2045 Traditional Rental Income: $1561 Airbnb ROI: 2.98% Traditional ROI: 3.16%
8660 Tall Timber Lane Petoskey, MI Silver Creek puts you minutes from Downtown Petoskey with mature trees, walking trails, an...	4 beds \| 3 baths \| 2,762 sq.ft.	$598,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 0.42% Airbnb Rental Income: $3701 Traditional Rental Income: $1740 Airbnb ROI: 2.49% Traditional ROI: 0.42%
4780 Howard Road Petoskey, MI TURNKEY! FULLY FURNISHED! INCOME-PRODUCING HOBBY FARM! Nestled on nearly three picturesque...	4 beds \| 2 baths \| 1,864 sq.ft.	$749,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 0.92% Airbnb Rental Income: $3701 Traditional Rental Income: $2499 Airbnb ROI: 1.48% Traditional ROI: 0.92%
1516 Castle Drive Petoskey, MI There is a 72 hour rider in affect with current buyer. Fantastic opportunity awaits with t...	3 beds \| 3 baths \| 2,310 sq.ft.	$499,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 2.49% Airbnb Rental Income: $2593 Traditional Rental Income: $2434 Airbnb ROI: 1.5% Traditional ROI: 2.49%
9669 TRAILS END Petoskey, MI A sandy beach and room to expand on the Inland Waterway? Yes, please! Life on Pickerel Lak...	4 beds \| 3 baths \| 2,236 sq.ft.	$1,750,000	Airbnb cash on cash: -0.81% Traditional cash on cash: -0.61% Airbnb Rental Income: $3701 Traditional Rental Income: $3216 Airbnb ROI: -0.81% Traditional ROI: -0.61%
46 Bridge Street Petoskey, MI Step out your door and onto the trails of the scenic Bear River Valley Recreation Area! Pe...	5 beds \| 2 baths \| 2,108 sq.ft.	$249,900	Airbnb cash on cash: 9.71% Traditional cash on cash: 8.25% Airbnb Rental Income: $3802 Traditional Rental Income: $2634 Airbnb ROI: 9.71% Traditional ROI: 8.25%
602 Jackson Street Petoskey, MI Prime Live-Work or Income Opportunity with Sweeping Bay Views Discover a rare real estate ...	2 beds \| 3 baths \| 2,329 sq.ft.	$564,900	Airbnb cash on cash: 0.17% Traditional cash on cash: 0.45% Airbnb Rental Income: $2045 Traditional Rental Income: $1665 Airbnb ROI: 0.17% Traditional ROI: 0.45%
9555 TRAIL'S END Petoskey, MI Sandy toes, morning coffee on the dock, and downtown Petoskey or Harbor Springs just minut...	3 beds \| 2 baths \| 1,685 sq.ft.	$974,900	Airbnb cash on cash: -0.46% Traditional cash on cash: 0.1% Airbnb Rental Income: $2593 Traditional Rental Income: $2476 Airbnb ROI: -0.46% Traditional ROI: 0.1%
2035 W Sheridan Road Petoskey, MI Looking for a little more space, a little more freedom and a property where you can truly ...	4 beds \| 2 baths \| 3,133 sq.ft.	$649,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 3.52% Airbnb Rental Income: $3701 Traditional Rental Income: $2875 Airbnb ROI: 3.55% Traditional ROI: 3.52%
1934 E Mitchell Road Petoskey, MI Exceptional development opportunity featuring versatile office space paired with comfortab...	3 beds \| 3 baths \| 1,908 sq.ft.	$500,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.07% Airbnb Rental Income: $2593 Traditional Rental Income: $2710 Airbnb ROI: 1.49% Traditional ROI: 3.07%
1200 CHARLEVOIX #1 Petoskey, MI This thoughtfully designed condominium offers panoramic views over Little Traverse Bay tow...	3 beds \| 3 baths \| 2,228 sq.ft.	$985,000	Airbnb cash on cash: -0.48% Traditional cash on cash: 0.51% Airbnb Rental Income: $2593 Traditional Rental Income: $2882 Airbnb ROI: -0.48% Traditional ROI: 0.51%
6243 Lake Grove Road Petoskey, MI Charming Walloon Peninsula Fixer-Upper with Protected Privacy & Seasonal Lake Views! 3 BR ...	3 beds \| 2 baths \| 1,355 sq.ft.	$499,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 1.87% Airbnb Rental Income: $2593 Traditional Rental Income: $2146 Airbnb ROI: 1.5% Traditional ROI: 1.87%
2015 Woods Lane #46 Petoskey, MI Everything needed for daily living falls on one level at this Bear Creek Estates townhome,...	3 beds \| 2 baths \| 2,376 sq.ft.	$445,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 3.47% Airbnb Rental Income: $2593 Traditional Rental Income: $2590 Airbnb ROI: 1.98% Traditional ROI: 3.47%
5822 Resort Pike Petoskey, MI Resort Township home on a private 2.69-acre wooded parcel with mature hardwoods, hills, an...	3 beds \| 4 baths \| 3,059 sq.ft.	$710,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.15% Airbnb Rental Income: $2593 Traditional Rental Income: $3191 Airbnb ROI: 0.31% Traditional ROI: 2.15%
2095 Windover Drive #332 Petoskey, MI Tucked on a private corner lot surrounded by beautiful natural landscaping, this 1 bedroom...	1 beds \| 1 baths \| 204 sq.ft.	$354,900	Airbnb cash on cash: -0.4% Traditional cash on cash: 0.01% Airbnb Rental Income: $1188 Traditional Rental Income: $936 Airbnb ROI: -0.4% Traditional ROI: 0.01%
2854 School Road Petoskey, MI LOG CABIN W 20 ACRES. ZONED FF. PETOSKEY w/ STUNNING VIEWS Perched on a hill with sweeping...	2 beds \| 2 baths \| 1,527 sq.ft.	$499,900	Airbnb cash on cash: 0.51% Traditional cash on cash: 2.19% Airbnb Rental Income: $2045 Traditional Rental Income: $2299 Airbnb ROI: 0.51% Traditional ROI: 2.19%
7555 E Mitchell Road Petoskey, MI A spacious Petoskey home, 2.75 wooded acres, and a substantial detached workshop come toge...	3 beds \| 3 baths \| 3,600 sq.ft.	$529,900	Airbnb cash on cash: 1.27% Traditional cash on cash: 2.45% Airbnb Rental Income: $2593 Traditional Rental Income: $2557 Airbnb ROI: 1.27% Traditional ROI: 2.45%
822 Harbor Watch Drive #54 Petoskey, MI Stunning Harbor Watch home in Petoskey offers breathtaking panoramic views of Little Trave...	4 beds \| 4 baths \| 3,034 sq.ft.	$899,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 1.45% Airbnb Rental Income: $3701 Traditional Rental Income: $3425 Airbnb ROI: 0.82% Traditional ROI: 1.45%
8805 Cedar Creek Drive Petoskey, MI Main-Level Living in a Private, Wooded Setting--Just Minutes from Downtown Petoskey! Nestl...	4 beds \| 3 baths \| 2,020 sq.ft.	$509,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 2.75% Airbnb Rental Income: $3701 Traditional Rental Income: $2602 Airbnb ROI: 3.36% Traditional ROI: 2.75%
2563 Woodside Drive Petoskey, MI Price Reduced \| Serious Sellers. A flexible floor plan puts five generous bedrooms across ...	5 beds \| 5 baths \| 4,100 sq.ft.	$899,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 3.26% Airbnb Rental Income: $3802 Traditional Rental Income: $4944 Airbnb ROI: 0.92% Traditional ROI: 3.26%
1414 KILBORN Petoskey, MI A unique opportunity in Petoskey offering an exceptional combination of residential living...	3 beds \| 2 baths \| 2,456 sq.ft.	$549,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 2.14% Airbnb Rental Income: $2593 Traditional Rental Income: $2486 Airbnb ROI: 1.13% Traditional ROI: 2.14%
2015 WOODS 46 Petoskey, MI Everything needed for daily living falls on one level at this Bear Creek Estates townhome,...	3 beds \| 2 baths \| 2,376 sq.ft.	$445,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 3.34% Airbnb Rental Income: $2593 Traditional Rental Income: $2538 Airbnb ROI: 1.98% Traditional ROI: 3.34%
800 Maple Leaf Lane #2 Petoskey, MI OPEN HOUSE SATURDAY OCTOBER 24TH 11AM-2PM. WELOME to the finest Condo Community in the Cit...	2 beds \| 2 baths \| 1,195 sq.ft.	$434,900	Airbnb cash on cash: 0.97% Traditional cash on cash: 1.59% Airbnb Rental Income: $2045 Traditional Rental Income: $1768 Airbnb ROI: 0.97% Traditional ROI: 1.59%
827 Arlington #10 Petoskey, MI NO SHOWINGS UNTIL OPEN HOUSE...SATURDAY AUGUST 29TH FROM 11AM TO 2PM. LOCATION, LOCATION: ...	2 beds \| 3 baths \| 1,034 sq.ft.	$279,900	Airbnb cash on cash: 2.87% Traditional cash on cash: 2.1% Airbnb Rental Income: $2045 Traditional Rental Income: $1313 Airbnb ROI: 2.87% Traditional ROI: 2.1%
8308 Ridgeway Road Petoskey, MI Discover this beautifully designed 4-bedroom, 3-bath home tucked away in a quiet, wooded s...	4 beds \| 3 baths \| 3,063 sq.ft.	$549,000	Airbnb cash on cash: 2.93% Traditional cash on cash: 3.38% Airbnb Rental Income: $3701 Traditional Rental Income: $3122 Airbnb ROI: 2.93% Traditional ROI: 3.38%
8230 E Mitchel Road Petoskey, MI Enjoy peaceful country living on 1.9 acres just outside Petoskey! This updated 3-bedroom, ...	3 beds \| 2 baths \| 1,224 sq.ft.	$274,900	Airbnb cash on cash: 4.73% Traditional cash on cash: 4.26% Airbnb Rental Income: $2593 Traditional Rental Income: $1851 Airbnb ROI: 4.73% Traditional ROI: 4.26%
834 Resort Pike Road Petoskey, MI Experience breathtaking panoramic views from this magnificent penthouse overlooking Little...	3 beds \| 5 baths \| 2,959 sq.ft.	$1,295,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 1% Airbnb Rental Income: $2593 Traditional Rental Income: $4342 Airbnb ROI: -0.97% Traditional ROI: 1%
887 Red Oak Way Petoskey, MI Enjoy main-floor, barrier-free living in this newer ranch home just outside Petoskey city ...	2 beds \| 2 baths \| 1,353 sq.ft.	$485,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 1.53% Airbnb Rental Income: $2045 Traditional Rental Income: $1934 Airbnb ROI: 0.61% Traditional ROI: 1.53%
3135 Depew Road Petoskey, MI NORTHERN MICHIGAN COUNTRY ESTATE ON NEARLY 25 ACRES. Pictures don't do it justice - this e...	4 beds \| 3 baths \| 3,981 sq.ft.	$2,725,000	Airbnb cash on cash: -1.42% Traditional cash on cash: -1.4% Airbnb Rental Income: $3701 Traditional Rental Income: $2946 Airbnb ROI: -1.42% Traditional ROI: -1.4%
835 Hayner Drive Petoskey, MI Move-in ready and perfectly positioned to enjoy the best of Petoskey living! Discover comf...	2 beds \| 2 baths \| 1,269 sq.ft.	$292,500	Airbnb cash on cash: 2.64% Traditional cash on cash: 1.91% Airbnb Rental Income: $2045 Traditional Rental Income: $1313 Airbnb ROI: 2.64% Traditional ROI: 1.91%
***3 Buckaroo Trail Petoskey, MI Welcome to Horseshoe Meadows, where quality craftsmanship meets the beauty of Northern Mic...	3 beds \| 2 baths \| 1,502 sq.ft.	$511,900	Airbnb cash on cash: 1.4% Traditional cash on cash: 2.12% Airbnb Rental Income: $2593 Traditional Rental Income: $2315 Airbnb ROI: 1.4% Traditional ROI: 2.12%
*6* Horseshoe Trail Petoskey, MI Why settle for someone else's home when you can own brand-new? With limited existing homes...	3 beds \| 2 baths \| 1,502 sq.ft.	$459,900	Airbnb cash on cash: 1.84% Traditional cash on cash: 3.73% Airbnb Rental Income: $2593 Traditional Rental Income: $2784 Airbnb ROI: 1.84% Traditional ROI: 3.73%
920 Michigan Street Petoskey, MI Welcome to this move-in-ready 3-bedroom, 2-bath home in the heart of Petoskey! Ideally loc...	3 beds \| 2 baths \| 1,679 sq.ft.	$434,900	Airbnb cash on cash: 2.09% Traditional cash on cash: 2.61% Airbnb Rental Income: $2593 Traditional Rental Income: $2185 Airbnb ROI: 2.09% Traditional ROI: 2.61%
559 Franklin Estates Petoskey, MI Enjoy easy Northern Michigan living in this brand-new 3-bedroom, 2-bath home in Franklin E...	3 beds \| 2 baths \| 1,687 sq.ft.	$525,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 2.21% Airbnb Rental Income: $2593 Traditional Rental Income: $2418 Airbnb ROI: 1.3% Traditional ROI: 2.21%
812 Maple Street Petoskey, MI Home has a great spot close to all that the City of Petoskey has to offer! Close to hospit...	3 beds \| 1 baths \| 1,284 sq.ft.	$249,900	Airbnb cash on cash: 5.44% Traditional cash on cash: 4.11% Airbnb Rental Income: $2593 Traditional Rental Income: $1659 Airbnb ROI: 5.44% Traditional ROI: 4.11%
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: 2.09% Traditional cash on cash: 1.83% Airbnb Rental Income: $3701 Traditional Rental Income: $2738 Airbnb ROI: 2.09% Traditional ROI: 1.83%
3162 Greenfield Drive Petoskey, MI Welcome to 3162 Greenfield Drive, an exceptional custom residence where timeless design me...	4 beds \| 3 baths \| 3,147 sq.ft.	$574,000	Airbnb cash on cash: 3.62% Traditional cash on cash: 3.84% Airbnb Rental Income: $3701 Traditional Rental Income: $3013 Airbnb ROI: 3.62% Traditional ROI: 3.84%
4742 Cypress Court Petoskey, MI Welcome to the Outlook home, a thoughtfully designed 3-bedroom, 2-bathroom home in a brand...	3 beds \| 2 baths \| N/A	$225,900	Airbnb cash on cash: 7.57% Traditional cash on cash: 8.42% Airbnb Rental Income: $2593 Traditional Rental Income: $2154 Airbnb ROI: 7.57% Traditional ROI: 8.42%

Real Estate investment in Petoskey, MI

There are 40 properties for sale in the city of Petoskey . The median list price in Petoskey is $1,034,507 and the average price per square foot is $492. In November 2026, the average monthly cash on cash return in Petoskey is 2.00%. The average monthly rental income in Petoskey is $2,221.

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

There are 40 investment properties available for sale in Petoskey.

In 2026, 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 $2,221.

Your search for investment property begins and ends here

Investment Property for Sale in Petoskey, MI

991 CROSS CREEK

Petoskey, MI

3 beds | 3 baths | 2,039 sq.ft.

$499,000

Airbnb cash on cash: 1.5%

Traditional cash on cash: 2.93%

Airbnb Rental Income: $2593

Traditional Rental Income: $2638

Airbnb ROI: 1.5%

Traditional ROI: 2.93%

606 STATE

Petoskey, MI

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

$1,175,000

Airbnb cash on cash: 0.03%

Traditional cash on cash: 1.63%

Airbnb Rental Income: $3701

Traditional Rental Income: $4638

Airbnb ROI: 0.03%

Traditional ROI: 1.63%

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

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 2.98%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $2045

Traditional Rental Income: $1561

Airbnb ROI: 2.98%

Traditional ROI: 3.16%

8660 Tall Timber Lane

Petoskey, MI

4 beds | 3 baths | 2,762 sq.ft.

$598,000

Airbnb cash on cash: 2.49%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $3701

Traditional Rental Income: $1740

Airbnb ROI: 2.49%

Traditional ROI: 0.42%

4780 Howard Road

Petoskey, MI

4 beds | 2 baths | 1,864 sq.ft.

$749,000

Airbnb cash on cash: 1.48%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $3701

Traditional Rental Income: $2499

Airbnb ROI: 1.48%

Traditional ROI: 0.92%

1516 Castle Drive

Petoskey, MI

3 beds | 3 baths | 2,310 sq.ft.

$499,000

Airbnb cash on cash: 1.5%

Traditional cash on cash: 2.49%

Airbnb Rental Income: $2593

Traditional Rental Income: $2434

Airbnb ROI: 1.5%

Traditional ROI: 2.49%

9669 TRAILS END

Petoskey, MI

4 beds | 3 baths | 2,236 sq.ft.

$1,750,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: -0.61%

Airbnb Rental Income: $3701

Traditional Rental Income: $3216

Airbnb ROI: -0.81%

Traditional ROI: -0.61%

46 Bridge Street

Petoskey, MI

5 beds | 2 baths | 2,108 sq.ft.

$249,900

Airbnb cash on cash: 9.71%

Traditional cash on cash: 8.25%

Airbnb Rental Income: $3802

Traditional Rental Income: $2634

Airbnb ROI: 9.71%