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
1056 Woodridge Drive Petoskey, MI Stately design meets modern luxury in this newer home, located just outside the city and o...	3 beds \| 3 baths \| 1,730 sq.ft.	$659,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 1.8% Airbnb Rental Income: $2454 Traditional Rental Income: $2784 Airbnb ROI: 0.29% Traditional ROI: 1.8%
606 State Street 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: 1.12% Traditional cash on cash: 0.25% Airbnb Rental Income: $3452 Traditional Rental Income: $1740 Airbnb ROI: 1.12% Traditional ROI: 0.25%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 1.9% Traditional cash on cash: 3.16% Airbnb Rental Income: $1710 Traditional Rental Income: $1561 Airbnb ROI: 1.9% Traditional ROI: 3.16%
1010 Emmet Street Petoskey, MI Freshly renovated and full of opportunity, this rare property on Petoskey's up-and-coming ...	2 beds \| 2 baths \| 1,200 sq.ft.	$360,000	Airbnb cash on cash: 0.86% Traditional cash on cash: 2.69% Airbnb Rental Income: $1710 Traditional Rental Income: $1854 Airbnb ROI: 0.86% Traditional ROI: 2.69%
520 W Sheridan Petoskey, MI Welcome to this charming 4-bedroom, 2-bath home conveniently located near downtown Petoske...	4 beds \| 2 baths \| 1,500 sq.ft.	$309,900	Airbnb cash on cash: 6.38% Traditional cash on cash: 5.05% Airbnb Rental Income: $3452 Traditional Rental Income: $2301 Airbnb ROI: 6.38% Traditional ROI: 5.05%
4855 Church Road Petoskey, MI Convenient Country Living on Over 2 Acres! Perfectly positioned in the heart of Northern M...	4 beds \| 2 baths \| 2,280 sq.ft.	$399,000	Airbnb cash on cash: 4.41% Traditional cash on cash: 4.25% Airbnb Rental Income: $3452 Traditional Rental Income: $2627 Airbnb ROI: 4.41% Traditional ROI: 4.25%
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: 1.19% Traditional cash on cash: 0.92% Airbnb Rental Income: $3452 Traditional Rental Income: $2499 Airbnb ROI: 1.19% Traditional ROI: 0.92%
316 Foster's Woods Petoskey, MI Four miles from downtown Petoskey, 316 Foster's Woods sits on 25 pristine acres of wooded ...	3 beds \| 2 baths \| 1,750 sq.ft.	$529,900	Airbnb cash on cash: 1.03% Traditional cash on cash: 0.97% Airbnb Rental Income: $2454 Traditional Rental Income: $1827 Airbnb ROI: 1.03% Traditional ROI: 0.97%
1445 Townline Road Petoskey, MI Great location and many lifestyle options make this a must-see. Home offers refreshed 3 be...	3 beds \| 1 baths \| 1,150 sq.ft.	$225,000	Airbnb cash on cash: 5.76% Traditional cash on cash: 4.53% Airbnb Rental Income: $2454 Traditional Rental Income: $1594 Airbnb ROI: 5.76% Traditional ROI: 4.53%
1425 Bay View Heights Petoskey, MI Commanding panoramic views of Little Traverse Bay, State Beach, and Round Lake, this extra...	5 beds \| 4 baths \| 6,474 sq.ft.	$1,875,000	Airbnb cash on cash: -0.35% Traditional cash on cash: -0.22% Airbnb Rental Income: $4905 Traditional Rental Income: $4121 Airbnb ROI: -0.35% Traditional ROI: -0.22%
9540 Pickerel Lake Road Petoskey, MI Is Country Living on your home shopping list? Here is an efficient and recently renovated ...	3 beds \| 2 baths \| 1,296 sq.ft.	$237,900	Airbnb cash on cash: 5.32% Traditional cash on cash: 6.38% Airbnb Rental Income: $2454 Traditional Rental Income: $2093 Airbnb ROI: 5.32% Traditional ROI: 6.38%
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: -0.36% Traditional cash on cash: 0.45% Airbnb Rental Income: $1710 Traditional Rental Income: $1665 Airbnb ROI: -0.36% Traditional ROI: 0.45%
415 Liberty Street Petoskey, MI Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime loca...	4 beds \| 3 baths \| 2,318 sq.ft.	$559,900	Airbnb cash on cash: 2.43% Traditional cash on cash: 2.71% Airbnb Rental Income: $3452 Traditional Rental Income: $2835 Airbnb ROI: 2.43% Traditional ROI: 2.71%
810 Harbor Watch Drive #102 Petoskey, MI LAKE MICHIGAN VIEWS IN THE "MOST BEAUTIFUL" PETOSKEY CONDO COMMUNITY!! Wonderful Waterview...	2 beds \| 2 baths \| 1,349 sq.ft.	$339,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 4.01% Airbnb Rental Income: $1710 Traditional Rental Income: $2175 Airbnb ROI: 1.07% Traditional ROI: 4.01%
1415 Highland Drive Petoskey, MI Overlooking downtown Petoskey, this nicely maintained three-bedroom, two-bath home offers ...	3 beds \| 2 baths \| 1,308 sq.ft.	$399,900	Airbnb cash on cash: 2.18% Traditional cash on cash: 2.81% Airbnb Rental Income: $2454 Traditional Rental Income: $2093 Airbnb ROI: 2.18% Traditional ROI: 2.81%
824 Crooked Tree Drive #14 Petoskey, MI Welcome to 824 Crooked Tree - a classic cottage-style duplex condominium in the Crooked Tr...	2 beds \| 3 baths \| 1,657 sq.ft.	$689,000	Airbnb cash on cash: -7.94% Traditional cash on cash: -5.99% Airbnb Rental Income: $1710 Traditional Rental Income: $2489 Airbnb ROI: -7.94% Traditional ROI: -5.99%
2035 W Sheridan Road Petoskey, MI Welcome to your own private slice of paradise! Situated on 2.87 beautiful acres, this stun...	4 beds \| 2 baths \| 3,133 sq.ft.	$765,000	Airbnb cash on cash: 2.58% Traditional cash on cash: 2.84% Airbnb Rental Income: $3452 Traditional Rental Income: $2875 Airbnb ROI: 2.58% Traditional ROI: 2.84%
1934 E Mitchell Road Petoskey, MI Exceptional opportunity featuring versatile office space paired with comfortable residenti...	3 beds \| 3 baths \| 1,908 sq.ft.	$500,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 3.07% Airbnb Rental Income: $2454 Traditional Rental Income: $2710 Airbnb ROI: 1.24% Traditional ROI: 3.07%
313 Summit Street Petoskey, MI Few homes in Petoskey carry a story quite like 313 Summit Street. Built in 1883 and cheris...	3 beds \| 2 baths \| 1,501 sq.ft.	$365,000	Airbnb cash on cash: 2.62% Traditional cash on cash: 3.7% Airbnb Rental Income: $2454 Traditional Rental Income: $2224 Airbnb ROI: 2.62% Traditional ROI: 3.7%
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.	$590,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 1.2% Airbnb Rental Income: $2454 Traditional Rental Income: $2146 Airbnb ROI: 0.67% Traditional ROI: 1.2%
2015 Woods Ln #46 Petoskey, MI OPEN HOUSE - FRIDAY, JULY 3RD 11AM-2PM. PERFECT PETOSKEY TOWNHOME with 2-car attached gara...	3 beds \| 2 baths \| 2,400 sq.ft.	$469,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 3.16% Airbnb Rental Income: $2454 Traditional Rental Income: $2590 Airbnb ROI: 1.49% Traditional ROI: 3.16%
2015 Woods Lane Petoskey, MI PERFECT PETOSKEY TOWNHOME with 2-carattached garage and all living on the main level. 3 be...	3 beds \| 2 baths \| 2,400 sq.ft.	$469,000	Airbnb cash on cash: 1.49% Traditional cash on cash: 2.75% Airbnb Rental Income: $2454 Traditional Rental Income: $2409 Airbnb ROI: 1.49% Traditional ROI: 2.75%
1035 Autumn Lane Petoskey, MI Custom-built Traditional Colonial nestled in the prestigious Country Club Hills neighborho...	4 beds \| 3 baths \| 2,848 sq.ft.	$725,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.2% Airbnb Rental Income: $3452 Traditional Rental Income: $3288 Airbnb ROI: 1.31% Traditional ROI: 2.2%
8695 Springridge Drive Petoskey, MI There's a difference between a house that was built and a home that was crafted. Tucked in...	4 beds \| 2 baths \| 3,058 sq.ft.	$819,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 1.47% Airbnb Rental Income: $3452 Traditional Rental Income: $3144 Airbnb ROI: 0.87% Traditional ROI: 1.47%
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.	$699,000	Airbnb cash on cash: 2.49% Traditional cash on cash: 2.98% Airbnb Rental Income: $3452 Traditional Rental Income: $3013 Airbnb ROI: 2.49% Traditional ROI: 2.98%
8630 Curtis Lane Petoskey, MI Located on Walloon Lakes' West arm, this property offers approximately 62' of clear sandy ...	3 beds \| 2 baths \| 1,393 sq.ft.	$2,100,000	Airbnb cash on cash: -0.65% Traditional cash on cash: -0.17% Airbnb Rental Income: $2454 Traditional Rental Income: $2784 Airbnb ROI: -0.65% Traditional ROI: -0.17%
1012 Jefferson Avenue Petoskey, MI Indulge in the perks, ease, and joy of living in the heart of downtown Petoskey! Wonderful...	4 beds \| 2 baths \| 1,518 sq.ft.	$399,900	Airbnb cash on cash: 4.4% Traditional cash on cash: 3.04% Airbnb Rental Income: $3452 Traditional Rental Income: $2180 Airbnb ROI: 4.4% Traditional ROI: 3.04%
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.	$749,000	Airbnb cash on cash: 0% Traditional cash on cash: 1.33% Airbnb Rental Income: $2454 Traditional Rental Income: $2784 Airbnb ROI: 0% Traditional ROI: 1.33%
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: -0.52% Traditional cash on cash: 0.01% Airbnb Rental Income: $1139 Traditional Rental Income: $936 Airbnb ROI: -0.52% Traditional ROI: 0.01%
820 Maple Leaf Lane #21 Petoskey, MI Experience refined living in this beautifully appointed waterfront view Harbor Watch condo...	2 beds \| 2 baths \| 1,600 sq.ft.	$630,000	Airbnb cash on cash: -0.59% Traditional cash on cash: -0.45% Airbnb Rental Income: $1710 Traditional Rental Income: $1313 Airbnb ROI: -0.59% Traditional ROI: -0.45%
6021 Rustic Road Petoskey, MI This 3-bedroom, 2-bathroom home offers a rural setting just 6 miles from downtown Petoskey...	3 beds \| 2 baths \| 1,150 sq.ft.	$165,000	Airbnb cash on cash: 8.69% Traditional cash on cash: 8.22% Airbnb Rental Income: $2454 Traditional Rental Income: $1782 Airbnb ROI: 8.69% Traditional ROI: 8.22%
2854 School Road Petoskey, MI Perched on a hill with sweeping countryside views, this rare 20-acre farm, zoned FF, is tu...	2 beds \| 2 baths \| 1,527 sq.ft.	$599,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.42% Airbnb Rental Income: $1710 Traditional Rental Income: $2299 Airbnb ROI: -0.49% Traditional ROI: 1.42%
601 Kalamazoo Avenue Petoskey, MI Classic Victorian in the heart of Petoskey - walking distance to the high school and all t...	5 beds \| 3 baths \| 2,417 sq.ft.	$575,000	Airbnb cash on cash: 4.56% Traditional cash on cash: 2.7% Airbnb Rental Income: $4905 Traditional Rental Income: $2900 Airbnb ROI: 4.56% Traditional ROI: 2.7%
4703 Cypress Court #10 Petoskey, MI COMING SOON! Step into a home that blends thoughtful design with everyday comfort. From th...	3 beds \| 2 baths \| N/A	$276,900	Airbnb cash on cash: 5.58% Traditional cash on cash: 7.46% Airbnb Rental Income: $2454 Traditional Rental Income: $2349 Airbnb ROI: 5.58% Traditional ROI: 7.46%
814 Lakeview Ridge Petoskey, MI WONDERFUL VIEWS OF LAKEMICHIGAN...FROM ALL YOUR MAIN LIVING SPACE! Located in the beautifu...	3 beds \| 3 baths \| 2,397 sq.ft.	$599,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 3.88% Airbnb Rental Income: $2454 Traditional Rental Income: $3675 Airbnb ROI: 0.62% Traditional ROI: 3.88%

Real Estate investment in Petoskey, MI

There are 37 properties for sale in the city of Petoskey . The median list price in Petoskey is $250,000 and the average price per square foot is $126. In July 2026, the average monthly cash on cash return in Petoskey is 2.00%. The average monthly rental income in Petoskey is $2,120.

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

There are 37 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 $2,120.

Your search for investment property begins and ends here

Investment Property for Sale in Petoskey, MI

1056 Woodridge Drive

Petoskey, MI

3 beds | 3 baths | 1,730 sq.ft.

$659,000

Airbnb cash on cash: 0.29%

Traditional cash on cash: 1.8%

Airbnb Rental Income: $2454

Traditional Rental Income: $2784

Airbnb ROI: 0.29%

Traditional ROI: 1.8%

606 State Street

Petoskey, MI

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

$1,175,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 0.25%

Airbnb Rental Income: $3452

Traditional Rental Income: $1740

Airbnb ROI: 1.12%

Traditional ROI: 0.25%

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

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 1.9%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1710

Traditional Rental Income: $1561

Airbnb ROI: 1.9%

Traditional ROI: 3.16%

1010 Emmet Street

Petoskey, MI

2 beds | 2 baths | 1,200 sq.ft.

$360,000

Airbnb cash on cash: 0.86%

Traditional cash on cash: 2.69%

Airbnb Rental Income: $1710

Traditional Rental Income: $1854

Airbnb ROI: 0.86%

Traditional ROI: 2.69%

520 W Sheridan

Petoskey, MI

4 beds | 2 baths | 1,500 sq.ft.

$309,900

Airbnb cash on cash: 6.38%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $3452

Traditional Rental Income: $2301

Airbnb ROI: 6.38%

Traditional ROI: 5.05%

4855 Church Road

Petoskey, MI

4 beds | 2 baths | 2,280 sq.ft.

$399,000

Airbnb cash on cash: 4.41%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $3452

Traditional Rental Income: $2627

Airbnb ROI: 4.41%

Traditional ROI: 4.25%

4780 Howard Road

Petoskey, MI

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

$749,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $3452

Traditional Rental Income: $2499

Airbnb ROI: 1.19%

Traditional ROI: 0.92%

316 Foster's Woods

Petoskey, MI

3 beds | 2 baths | 1,750 sq.ft.

$529,900

Airbnb cash on cash: 1.03%

Traditional cash on cash: 0.97%

Airbnb Rental Income: $2454

Traditional Rental Income: $1827

Airbnb ROI: 1.03%