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
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.	$999,500	Airbnb cash on cash: -4.62% Traditional cash on cash: -4.73% Airbnb Rental Income: $4672 Traditional Rental Income: $3608 Airbnb ROI: -4.62% Traditional ROI: -4.73%
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.	$599,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.93% Airbnb Rental Income: $4672 Traditional Rental Income: $3144 Airbnb ROI: 3.93% 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.	$1,250,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 1.38% Airbnb Rental Income: $4672 Traditional Rental Income: $4638 Airbnb ROI: 0.58% Traditional ROI: 1.38%
102 State Petoskey, MI This thoughtfully restored classic Victorian home provides exceptional flexibility, curren...	4 beds \| 3 baths \| 1,904 sq.ft.	$499,000	Airbnb cash on cash: 5.21% Traditional cash on cash: 3.07% Airbnb Rental Income: $4672 Traditional Rental Income: $2703 Airbnb ROI: 5.21% Traditional ROI: 3.07%
1215 Atkins Petoskey, MI This ready to be moved into home is as cute as it can be and a must see. This charming ra...	3 beds \| 2 baths \| 1,000 sq.ft.	$424,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 3.41% Airbnb Rental Income: $2405 Traditional Rental Income: $2457 Airbnb ROI: 1.8% Traditional ROI: 3.41%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 3.16% Airbnb Rental Income: $1617 Traditional Rental Income: $1561 Airbnb ROI: 1.6% 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: 4.9% Traditional cash on cash: 2.22% Airbnb Rental Income: $4672 Traditional Rental Income: $2401 Airbnb ROI: 4.9% Traditional ROI: 2.22%
5177 GRAHAM Petoskey, MI Join us for an Waterfront Tour on Saturday, August 30 from 2pm-4pm. Waterfront life on Cr...	3 beds \| 2 baths \| 2,390 sq.ft.	$689,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 1.46% Airbnb Rental Income: $2405 Traditional Rental Income: $2656 Airbnb ROI: 0.15% Traditional ROI: 1.46%
4780 Howard Petoskey, MI Nestled on nearly three acres of serene and picturesque land, this charming modern farmhou...	4 beds \| 2 baths \| 1,864 sq.ft.	$699,900	Airbnb cash on cash: 3% Traditional cash on cash: 1.16% Airbnb Rental Income: $4672 Traditional Rental Income: $2499 Airbnb ROI: 3% Traditional ROI: 1.16%
570 Blanchard Petoskey, MI Fully renovated and move-in ready, this stylish 3-bedroom ranch offers comfort, functional...	3 beds \| 1 baths \| 1,636 sq.ft.	$399,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 0.19% Airbnb Rental Income: $2405 Traditional Rental Income: $1110 Airbnb ROI: 2.08% Traditional ROI: 0.19%
3400 Lakeside Drive S #17 Petoskey, MI Welcome to beautiful Lakeside Condominiums. Outstanding amenities including access to Roun...	2 beds \| 2 baths \| 1,050 sq.ft.	$387,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.08% Airbnb Rental Income: $1617 Traditional Rental Income: $1722 Airbnb ROI: -0.47% Traditional ROI: 1.08%
9669 TRAILS END Petoskey, MI Join us for a Waterfront Home Tour on Thursday, August 28 from 4pm-6pm or Saturday, August...	4 beds \| 3 baths \| 2,236 sq.ft.	$1,750,000	Airbnb cash on cash: -0.31% Traditional cash on cash: -0.61% Airbnb Rental Income: $4672 Traditional Rental Income: $3216 Airbnb ROI: -0.31% Traditional ROI: -0.61%
3221 Krause Road Petoskey, MI 40-ACRES OF BEAUTIFUL HARDWOOD FOREST...PLUS A ''COMFORTABLE'' FAMILY COTTAGE. Located at ...	3 beds \| N/A baths \| 1,930 sq.ft.	$598,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 1.28% Airbnb Rental Income: $2405 Traditional Rental Income: $2217 Airbnb ROI: 0.56% Traditional ROI: 1.28%
290 & 260 Mitchell Hills Drive Petoskey, MI Experience luxury living in this exquisite custom-built home, perfectly positioned just be...	5 beds \| 5 baths \| 5,600 sq.ft.	$1,099,000	Airbnb cash on cash: -1.86% Traditional cash on cash: 2.74% Airbnb Rental Income: $1161 Traditional Rental Income: $5484 Airbnb ROI: -1.86% Traditional ROI: 2.74%
3911 Leslie #17 Petoskey, MI Discover serene country living in this brand-new ranch-style duplex, featuring two bedroom...	2 beds \| 2 baths \| 1,013 sq.ft.	$299,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.87% Airbnb Rental Income: $1617 Traditional Rental Income: $2179 Airbnb ROI: 1.25% Traditional ROI: 4.87%
3929 Leslie #18 Petoskey, MI Experience the beauty of Northern Michigan in this newly constructed duplex. Located centr...	2 beds \| 2 baths \| 1,019 sq.ft.	$299,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.89% Airbnb Rental Income: $1617 Traditional Rental Income: $2186 Airbnb ROI: 1.25% Traditional ROI: 4.89%
3895 Leslie #16 Petoskey, MI Experience the beauty of Northern Michigan in this newly constructed duplex. Centrally loc...	2 beds \| 2 baths \| 1,013 sq.ft.	$299,900	Airbnb cash on cash: 1.25% Traditional cash on cash: 4.87% Airbnb Rental Income: $1617 Traditional Rental Income: $2181 Airbnb ROI: 1.25% Traditional ROI: 4.87%
8118 E Mitchell Petoskey, MI Charming 3-Bedroom Home on 2 Wooded Acres with Pole Barn! Nestled on a serene, wooded lot,...	3 beds \| 2 baths \| 1,729 sq.ft.	$339,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 4.7% Airbnb Rental Income: $2405 Traditional Rental Income: $2395 Airbnb ROI: 2.88% Traditional ROI: 4.7%
2286 Maxwell Road Petoskey, MI Set on 12 acres, this expertly crafted 2-bedroom, 3-bath home blends rustic charm with hig...	2 beds \| 3 baths \| 1,828 sq.ft.	$350,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 6.12% Airbnb Rental Income: $1617 Traditional Rental Income: $2934 Airbnb ROI: 0.72% Traditional ROI: 6.12%
1695 Gruler Petoskey, MI Discover Your Northern Michigan Oasis Embrace Northern Michigan living in this charming, w...	3 beds \| 2 baths \| 1,757 sq.ft.	$419,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 3.54% Airbnb Rental Income: $2405 Traditional Rental Income: $2475 Airbnb ROI: 1.86% Traditional ROI: 3.54%
4595 US 131 Petoskey, MI Nestled in the serene southern countryside of Petoskey, this charming 4-bedroom, 2-bath re...	4 beds \| 2 baths \| 2,200 sq.ft.	$399,900	Airbnb cash on cash: 7.11% Traditional cash on cash: 3.98% Airbnb Rental Income: $4672 Traditional Rental Income: $2530 Airbnb ROI: 7.11% Traditional ROI: 3.98%
1425 Bay View Heights Petoskey, MI IN PETOSKEY - RARE OFFERING of LIGHT, SPACE, and DESIGN. Breathtaking Views & Architectur...	5 beds \| 4 baths \| 6,474 sq.ft.	$1,875,000	Airbnb cash on cash: -2.14% Traditional cash on cash: -0.22% Airbnb Rental Income: $1161 Traditional Rental Income: $4121 Airbnb ROI: -2.14% Traditional ROI: -0.22%
Other Petoskey, MI 40-ACRES OF BEAUTIFUL HARDWOOD FORESTâ¦PLUS A âCOMFORTABLEâ FAMILY COTTAGE. Located a...	3 beds \| N/A baths \| 1,930 sq.ft.	$598,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 2.52% Airbnb Rental Income: $2405 Traditional Rental Income: $2105 Airbnb ROI: 2.01% Traditional ROI: 2.52%
1045 Emmet Petoskey, MI PRICE IMPROVEMENTCharming In-Town Home on Double Lot in Beautiful Petoskey! Don't miss...	4 beds \| 1 baths \| 1,200 sq.ft.	$325,000	Airbnb cash on cash: 9.3% Traditional cash on cash: 3.1% Airbnb Rental Income: $4672 Traditional Rental Income: $1811 Airbnb ROI: 9.3% Traditional ROI: 3.1%
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: 2.71% Traditional cash on cash: 3.63% Airbnb Rental Income: $2405 Traditional Rental Income: $2202 Airbnb ROI: 2.71% Traditional ROI: 3.63%
1034 Hill St Petoskey, MI Price Improvement Charming Hill St. Gem with Extra-Large Fenced Lot. Welcome to this c...	3 beds \| 1 baths \| 1,600 sq.ft.	$420,000	Airbnb cash on cash: 1.85% Traditional cash on cash: 1.74% Airbnb Rental Income: $2405 Traditional Rental Income: $1770 Airbnb ROI: 1.85% Traditional ROI: 1.74%
613 E Mitchell Street Petoskey, MI Step into this stunning, newly reimagined 1892 home in the heart of Downtown Petoskey, off...	4 beds \| 4 baths \| 4,346 sq.ft.	$2,500,000	Airbnb cash on cash: -0.98% Traditional cash on cash: -0.73% Airbnb Rental Income: $4672 Traditional Rental Income: $4271 Airbnb ROI: -0.98% Traditional ROI: -0.73%
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: 0.38% Traditional cash on cash: 1.03% Airbnb Rental Income: $2405 Traditional Rental Income: $2200 Airbnb ROI: 0.38% Traditional ROI: 1.03%
1124 E Mitchell Street Petoskey, MI Quaint cottage with year-round appeal in sought-after Petoskey! Located on historic Mitche...	4 beds \| 2 baths \| 1,500 sq.ft.	$649,999	Airbnb cash on cash: 3.43% Traditional cash on cash: 1% Airbnb Rental Income: $4672 Traditional Rental Income: $2232 Airbnb ROI: 3.43% Traditional ROI: 1%
2286 River Petoskey, MI This nicely maintained ranch home in Petoskey, Michigan. Welcomes you with its warm, cozy...	4 beds \| 2 baths \| 2,430 sq.ft.	$475,000	Airbnb cash on cash: 5.6% Traditional cash on cash: 3.52% Airbnb Rental Income: $4672 Traditional Rental Income: $2779 Airbnb ROI: 5.6% Traditional ROI: 3.52%
9421 PICKEREL LAKE Petoskey, MI Set on five peaceful acres, this custom-built, newer home offers an unbeatable combination...	4 beds \| 3 baths \| 2,675 sq.ft.	$649,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 2.35% Airbnb Rental Income: $4672 Traditional Rental Income: $3047 Airbnb ROI: 3.43% Traditional ROI: 2.35%
3611 COUNTRY CLUB Petoskey, MI Enjoy true main-floor living with room to breathe in a peaceful country setting. Situated ...	3 beds \| 4 baths \| 2,560 sq.ft.	$540,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.37% Airbnb Rental Income: $2405 Traditional Rental Income: $3069 Airbnb ROI: 0.89% Traditional ROI: 3.37%
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.	$899,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 1.14% Airbnb Rental Income: $4672 Traditional Rental Income: $3167 Airbnb ROI: 1.78% Traditional ROI: 1.14%
547 Franklin Estates Drive Petoskey, MI Enjoy the Best of Northern Michigan Living in this beautifully crafted new-construction ra...	3 beds \| 2 baths \| 1,350 sq.ft.	$495,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 2% Airbnb Rental Income: $2405 Traditional Rental Income: $2187 Airbnb ROI: 1.19% Traditional ROI: 2%
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: 1.15% Traditional cash on cash: 11.07% Airbnb Rental Income: $1161 Traditional Rental Income: $2634 Airbnb ROI: 1.15% Traditional ROI: 11.07%
3400 Lakeside South #19 Petoskey, MI Beautiful Lakeside Club Condominium offering 2 bedrooms, 2 updated full baths, and a spaci...	2 beds \| 2 baths \| 1,600 sq.ft.	$450,000	Airbnb cash on cash: 0% Traditional cash on cash: 3.26% Airbnb Rental Income: $1617 Traditional Rental Income: $2533 Airbnb ROI: 0% Traditional ROI: 3.26%
4838 KEATON LANE 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: 3.43% Traditional cash on cash: 1.83% Airbnb Rental Income: $4672 Traditional Rental Income: $2738 Airbnb ROI: 3.43% 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: 7.74% Traditional cash on cash: 5.04% Airbnb Rental Income: $4672 Traditional Rental Income: $2756 Airbnb ROI: 7.74% Traditional ROI: 5.04%
4838 Keaton Petoskey, MI This Charming Home Awaits: Nestled and elevated with expansive views of the valley below a...	4 beds \| 3 baths \| 2,100 sq.ft.	$649,900	Airbnb cash on cash: 3.43% Traditional cash on cash: 2.05% Airbnb Rental Income: $4672 Traditional Rental Income: $2869 Airbnb ROI: 3.43% Traditional ROI: 2.05%
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.	$599,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 2.72% Airbnb Rental Income: $4672 Traditional Rental Income: $3029 Airbnb ROI: 3.93% Traditional ROI: 2.72%

Real Estate investment in Petoskey, MI

There are 43 properties for sale in the city of Petoskey . The median list price in Petoskey is $519,900 and the average price per square foot is $235. In September 2025, the average monthly cash on cash return in Petoskey is 3.00%. The average monthly rental income in Petoskey is $2,584.

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

There are 43 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 $2,584.

Your search for investment property begins and ends here

Investment Property for Sale in Petoskey, MI

814 Harbor Watch #65

Petoskey, MI

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

$999,500

Airbnb cash on cash: -4.62%

Traditional cash on cash: -4.73%

Airbnb Rental Income: $4672

Traditional Rental Income: $3608

Airbnb ROI: -4.62%

Traditional ROI: -4.73%

869 SURREY LANE

Petoskey, MI

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

$599,000

Airbnb cash on cash: 3.93%

Traditional cash on cash: 2.93%

Airbnb Rental Income: $4672

Traditional Rental Income: $3144

Airbnb ROI: 3.93%

Traditional ROI: 2.93%

606 State

Petoskey, MI

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

$1,250,000

Airbnb cash on cash: 0.58%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $4672

Traditional Rental Income: $4638

Airbnb ROI: 0.58%

Traditional ROI: 1.38%

102 State

Petoskey, MI

4 beds | 3 baths | 1,904 sq.ft.

$499,000

Airbnb cash on cash: 5.21%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $4672

Traditional Rental Income: $2703

Airbnb ROI: 5.21%

Traditional ROI: 3.07%

1215 Atkins

Petoskey, MI

3 beds | 2 baths | 1,000 sq.ft.

$424,900

Airbnb cash on cash: 1.8%

Traditional cash on cash: 3.41%

Airbnb Rental Income: $2405

Traditional Rental Income: $2457

Airbnb ROI: 1.8%

Traditional ROI: 3.41%

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

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 1.6%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1617

Traditional Rental Income: $1561

Airbnb ROI: 1.6%

Traditional ROI: 3.16%

3155 Greenfield Drive

Petoskey, MI

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

$519,900

Airbnb cash on cash: 4.9%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $4672

Traditional Rental Income: $2401

Airbnb ROI: 4.9%

Traditional ROI: 2.22%

5177 GRAHAM

Petoskey, MI

3 beds | 2 baths | 2,390 sq.ft.

$689,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 1.46%

Airbnb Rental Income: $2405

Traditional Rental Income: $2656

Airbnb ROI: 0.15%