Real Estate Investment Properties for Sale in Traverse City, MI

Looking for investment property in Traverse City, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
659 Hastings Street Traverse City, MI Opportunity knocks in the heart of Traverse City! Just off the TART Trail, near the airpor...	2 beds \| 1 baths \| 996 sq.ft.	$250,000	Airbnb cash on cash: 2.91% Traditional cash on cash: 4.73% Airbnb Rental Income: $1535 Traditional Rental Income: $1519 Airbnb ROI: 2.91% Traditional ROI: 4.73%
206 Boardman Avenue Traverse City, MI Welcome to the coveted Brownstones in downtown Traverse City! This beautifully updated 2-b...	2 beds \| 3 baths \| 1,432 sq.ft.	$1,100,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.18% Airbnb Rental Income: $1527 Traditional Rental Income: $2465 Airbnb ROI: -0.17% Traditional ROI: 1.18%
2140 Chelsea Lane Traverse City, MI Enjoy peaceful living in this beautifully maintained 4-bedroom, 3-bath condo nestled in a ...	4 beds \| 3 baths \| 3,144 sq.ft.	$695,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.66% Airbnb Rental Income: $null Traditional Rental Income: $3391 Airbnb ROI: N/A Traditional ROI: 3.66%
2939 RIDGE TRAIL DRIVE Traverse City, MI Gorgeous 4 bedroom 3 bath stunning home in highly desirable Stoneridge Subdivision. Great ...	4 beds \| 3 baths \| 2,916 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.07% Airbnb Rental Income: $null Traditional Rental Income: $2987 Airbnb ROI: N/A Traditional ROI: 3.07%
800-318 Cottageview Drive #318 Traverse City, MI One of Grand Traverse Commons finest condos w/ plenty of character & functionality, in maj...	3 beds \| 3 baths \| 2,236 sq.ft.	$885,000	Airbnb cash on cash: -2.37% Traditional cash on cash: -0.03% Airbnb Rental Income: $1390 Traditional Rental Income: $2897 Airbnb ROI: -2.37% Traditional ROI: -0.03%
1009 Carver Street Traverse City, MI Charming classic in town Bungalow â Well-Maintained with Original Character This solid 3...	3 beds \| 1 baths \| 1,184 sq.ft.	$320,000	Airbnb cash on cash: 3.14% Traditional cash on cash: 3.36% Airbnb Rental Income: $2056 Traditional Rental Income: $1590 Airbnb ROI: 3.14% Traditional ROI: 3.36%
3760 Five Mile Road Traverse City, MI East Bay bungalow on a large 1 acre lot just a few miles from the TART trail and Grand Tra...	2 beds \| 2 baths \| 1,164 sq.ft.	$300,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 4.4% Airbnb Rental Income: $1535 Traditional Rental Income: $1869 Airbnb ROI: 1.65% Traditional ROI: 4.4%
1116 Wayne Street Traverse City, MI A rare opportunity in the popular "Slabtown" neighborhood on the west side of Traverse Cit...	3 beds \| 3 baths \| 3,550 sq.ft.	$1,050,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 0.01% Airbnb Rental Income: $2286 Traditional Rental Income: $2573 Airbnb ROI: -0.87% Traditional ROI: 0.01%
1420 FOREST PARK DRIVE Traverse City, MI TRAVERSE CITY CONDO, NO HIGH RISE, OFF 14 St. 2/BED/2BATHS, FIREPLACE, W/D INCLUDED,PLUS A...	2 beds \| 2 baths \| 1,116 sq.ft.	$365,000	Airbnb cash on cash: 0.39% Traditional cash on cash: 2.79% Airbnb Rental Income: $1535 Traditional Rental Income: $1913 Airbnb ROI: 0.39% Traditional ROI: 2.79%
2480 Chandler Road Traverse City, MI Lake Living with 102 feet of direct frontage on beautiful Chandler Lake, a 50-acre all-spo...	3 beds \| 2 baths \| 1,676 sq.ft.	$579,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 2.37% Airbnb Rental Income: $2056 Traditional Rental Income: $2515 Airbnb ROI: 0.53% Traditional ROI: 2.37%
800 Cottageview Drive #400 Traverse City, MI Step into this extraordinary 1,768 sqft condo in the iconic Grand Traverse Commonsâa spa...	2 beds \| 2 baths \| 1,768 sq.ft.	$699,000	Airbnb cash on cash: -2.04% Traditional cash on cash: -0.42% Airbnb Rental Income: $1751 Traditional Rental Income: $2329 Airbnb ROI: -2.04% Traditional ROI: -0.42%
73 E Peach Tree Drive Traverse City, MI Located in a quiet neighborhood less than 10 miles from downtown Traverse City, this adora...	3 beds \| 2 baths \| 1,480 sq.ft.	$379,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.2% Airbnb Rental Income: $2056 Traditional Rental Income: $2136 Airbnb ROI: 1.48% Traditional ROI: 3.2%
4675 Choice Circle Traverse City, MI Welcome to this bright and welcoming 3-bedroom, 2-bath ranch-style home located just south...	3 beds \| 2 baths \| 1,548 sq.ft.	$415,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 3.16% Airbnb Rental Income: $1390 Traditional Rental Income: $2318 Airbnb ROI: -0.3% Traditional ROI: 3.16%
3493 Beitner Road Traverse City, MI Charming Chalet in the heart of the Boardman Valley. This 2-bedroom, 1-bath home offers th...	2 beds \| 1 baths \| 1,051 sq.ft.	$248,000	Airbnb cash on cash: 2.51% Traditional cash on cash: 3.32% Airbnb Rental Income: $1751 Traditional Rental Income: $1460 Airbnb ROI: 2.51% Traditional ROI: 3.32%
1969 Lark Drive Traverse City, MI Welcome home to this cute move-in ready 3BR/1BA charmer located in a quiet subdivision 15 ...	3 beds \| 1 baths \| 960 sq.ft.	$289,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.89% Airbnb Rental Income: $1390 Traditional Rental Income: $1596 Airbnb ROI: 0.59% Traditional ROI: 2.89%
2219 BLACK FOREST LANE Traverse City, MI Stunning park-like setting for this fully updated 4 bedroom 2.5 bath home set on over an a...	4 beds \| 3 baths \| 2,086 sq.ft.	$489,900	Airbnb cash on cash: 2.93% Traditional cash on cash: 3.44% Airbnb Rental Income: $3340 Traditional Rental Income: $2829 Airbnb ROI: 2.93% Traditional ROI: 3.44%
150 S Four Mile Road Traverse City, MI Nestled in a prime location in East Bay Township, this 4-bedroom, 2 bath home offers a pea...	4 beds \| 2 baths \| 1,672 sq.ft.	$325,000	Airbnb cash on cash: 5.66% Traditional cash on cash: 4.77% Airbnb Rental Income: $3340 Traditional Rental Income: $2320 Airbnb ROI: 5.66% Traditional ROI: 4.77%
4344 Audubon Drive Traverse City, MI Located in the desirable Holiday Hills neighborhoodâknown for its gorgeous homes, peacef...	4 beds \| 4 baths \| 3,324 sq.ft.	$599,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 4.24% Airbnb Rental Income: $3340 Traditional Rental Income: $3911 Airbnb ROI: 1.89% Traditional ROI: 4.24%
6393 Center Road Traverse City, MI Nice 3 bedroom 2 bath home on the Peninsula, with attached garage. Basement has a fourth b...	3 beds \| 2 baths \| 1,210 sq.ft.	$390,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 2.32% Airbnb Rental Income: $2087 Traditional Rental Income: $1867 Airbnb ROI: 1.46% Traditional ROI: 2.32%
327 Astro Drive Traverse City, MI Charming Traverse City Home in Quiet Neighborhood â Great Location & Investment Opportun...	3 beds \| 2 baths \| 1,575 sq.ft.	$290,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 5.09% Airbnb Rental Income: $1390 Traditional Rental Income: $2173 Airbnb ROI: 0.69% Traditional ROI: 5.09%
4440 Vance Road Traverse City, MI Back on the market due to NO fault of the home. Buyer withdrew offer due to lending before...	2 beds \| 1 baths \| 1,050 sq.ft.	$245,000	Airbnb cash on cash: 3.54% Traditional cash on cash: 4.02% Airbnb Rental Income: $1751 Traditional Rental Income: $1381 Airbnb ROI: 3.54% Traditional ROI: 4.02%
8906-B MANHATTAN NORTH Traverse City, MI Sleek modern luxury condo bathed in natural light, tucked away on a serene wooded cul-de-s...	2 beds \| 2 baths \| 1,539 sq.ft.	$499,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.14% Airbnb Rental Income: $1751 Traditional Rental Income: $2385 Airbnb ROI: -0.25% Traditional ROI: 2.14%
1571 N South Long Lake Road Traverse City, MI Welcome to your private estate on the shores of Long Lake! Nearly 200ft of Private, sandy ...	5 beds \| 4 baths \| 3,259 sq.ft.	$1,885,000	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $4533 Airbnb ROI: N/A Traditional ROI: 0%
1938 Lardie Road Traverse City, MI Stylish updates meet everyday comfort in this newly listed Traverse City home! The renovat...	4 beds \| 1 baths \| 2,035 sq.ft.	$380,000	Airbnb cash on cash: 5.41% Traditional cash on cash: 3.43% Airbnb Rental Income: $3340 Traditional Rental Income: $1889 Airbnb ROI: 5.41% Traditional ROI: 3.43%
9639 E WALKABOUT LANE Traverse City, MI Leelanau County living with easy TC proximity! Located in the highly sought-after Outback ...	4 beds \| 3 baths \| 2,916 sq.ft.	$685,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 2.13% Airbnb Rental Income: $3965 Traditional Rental Income: $3113 Airbnb ROI: 2.13% Traditional ROI: 2.13%
2755 Shore Wood Drive Traverse City, MI Experience the ultimate lifestyle on West Grand Traverse Bay! This property boasts a sandy...	4 beds \| 4 baths \| 4,506 sq.ft.	$3,250,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.01% Airbnb Rental Income: $3376 Traditional Rental Income: $4519 Airbnb ROI: -0.62% Traditional ROI: 0.01%
109 E Front Street #301 Traverse City, MI Step into sophistication with this stunning downtown condo, offering breathtaking views of...	2 beds \| 3 baths \| 2,192 sq.ft.	$2,100,000	Airbnb cash on cash: -2.44% Traditional cash on cash: -1.53% Airbnb Rental Income: $1527 Traditional Rental Income: $2854 Airbnb ROI: -2.44% Traditional ROI: -1.53%
10579 Camrose Circle Traverse City, MI Step into luxury living in the heart of Traverse City, nestled within the prestigious Morg...	3 beds \| 4 baths \| 2,520 sq.ft.	$759,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 2.91% Airbnb Rental Income: $2286 Traditional Rental Income: $3625 Airbnb ROI: 0.22% Traditional ROI: 2.91%
3881 Paddock Drive Traverse City, MI Charming Traverse City Home in Quiet Neighborhood â Great Location & Investment Opportun...	3 beds \| 2 baths \| 1,502 sq.ft.	$290,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 5.85% Airbnb Rental Income: $1390 Traditional Rental Income: $2144 Airbnb ROI: 1.55% Traditional ROI: 5.85%
127 S Union Street Traverse City, MI Discover this rare opportunity to own a completely updated, fully furnished luxury condomi...	2 beds \| 2 baths \| 2,300 sq.ft.	$1,749,000	Airbnb cash on cash: -1.6% Traditional cash on cash: -0.68% Airbnb Rental Income: $1519 Traditional Rental Income: $2568 Airbnb ROI: -1.6% Traditional ROI: -0.68%
19545 Woodland Trail Traverse City, MI Looking for a sense of peace, privacy, and true connection to nature? Tucked into 8 acres ...	3 beds \| 3 baths \| 2,425 sq.ft.	$845,000	Airbnb cash on cash: 0.51% Traditional cash on cash: 2.6% Airbnb Rental Income: $2286 Traditional Rental Income: $3364 Airbnb ROI: 0.51% Traditional ROI: 2.6%
810 Cottageview Drive #300 Traverse City, MI Live in one of Traverse Cityâs most iconic buildings with this unique 1-bedroom, 1-bath ...	1 beds \| 1 baths \| 513 sq.ft.	$319,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 0.02% Airbnb Rental Income: $1136 Traditional Rental Income: $1179 Airbnb ROI: -1.39% Traditional ROI: 0.02%
750 Centre Place #2 Traverse City, MI Lakeside Condo with Sunset & Sailboat Views â minutes from Downtown Traverse City. Welc...	2 beds \| 2 baths \| 986 sq.ft.	$399,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 2.66% Airbnb Rental Income: $1535 Traditional Rental Income: $1785 Airbnb ROI: 0.81% Traditional ROI: 2.66%
7320 Peninsula Drive Traverse City, MI This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare findâofferi...	4 beds \| 3 baths \| 2,931 sq.ft.	$1,100,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.77% Airbnb Rental Income: $3376 Traditional Rental Income: $3616 Airbnb ROI: 0.81% Traditional ROI: 1.77%
610 W Tenth Street Traverse City, MI Welcome to 610 W Tenth Street - a charming 3-bedroom, 2-bath bungalow in downtown Traverse...	3 beds \| 2 baths \| 1,741 sq.ft.	$520,000	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.58% Airbnb Rental Income: $1407 Traditional Rental Income: $2234 Airbnb ROI: 0.01% Traditional ROI: 2.58%
10129 Deerpath South Traverse City, MI Tucked among the trees on 2.40 acres, this thoughtfully updated 3+ bed/3 bath 1.5-story ho...	4 beds \| 3 baths \| 1,940 sq.ft.	$689,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.53% Airbnb Rental Income: $null Traditional Rental Income: $3138 Airbnb ROI: N/A Traditional ROI: 2.53%
9600 Lake Leelanau Drive Traverse City, MI Welcome to a fresh, light-filled home that offers a blend of Leelanau Countyâs scenic la...	4 beds \| 2 baths \| 2,050 sq.ft.	$525,000	Airbnb cash on cash: 4.61% Traditional cash on cash: 3.1% Airbnb Rental Income: $3965 Traditional Rental Income: $2376 Airbnb ROI: 4.61% Traditional ROI: 3.1%
698 Bass Lake Road Traverse City, MI This is the ideal package you've been waiting for..!! Close in west side LIKE NEW RANCH th...	3 beds \| 2 baths \| 2,387 sq.ft.	$569,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 3.65% Airbnb Rental Income: $1390 Traditional Rental Income: $2854 Airbnb ROI: 0.11% Traditional ROI: 3.65%
4015 BLUE WATER ROAD Traverse City, MI Welcome to 4015 Blue Water Rd, a beautifully renovated waterfront ranch on Traverse City's...	2 beds \| 2 baths \| 1,500 sq.ft.	$899,900	Airbnb cash on cash: -0.02% Traditional cash on cash: 1.03% Airbnb Rental Income: $1542 Traditional Rental Income: $1974 Airbnb ROI: -0.02% Traditional ROI: 1.03%
510 Hastings Street #1 Traverse City, MI Welcome to City Limit Lofts, where modern design meets an unbeatable location! This 1-bedr...	1 beds \| 1 baths \| 550 sq.ft.	$255,000	Airbnb cash on cash: -0.1% Traditional cash on cash: 3.4% Airbnb Rental Income: $1069 Traditional Rental Income: $1544 Airbnb ROI: -0.1% Traditional ROI: 3.4%

Real Estate investment in Traverse-city, MI

There are 416 properties for sale in the city of Traverse City . The median list price in Traverse City is $549,450 and the average price per square foot is $287. In September 2025, the average monthly cash on cash return in Traverse City is 3.00%. The average monthly rental income in Traverse City is $2,391.

Traverse-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 416 investment properties available for sale in Traverse-city.

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

The ROI for Long-Term is higher than the Short-Term in Traverse-city with average rental income of $2,391.

Your search for investment property begins and ends here

Investment Property for Sale in Traverse City, MI

659 Hastings Street

Traverse City, MI

2 beds | 1 baths | 996 sq.ft.

$250,000

Airbnb cash on cash: 2.91%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1535

Traditional Rental Income: $1519

Airbnb ROI: 2.91%

Traditional ROI: 4.73%

206 Boardman Avenue

Traverse City, MI

2 beds | 3 baths | 1,432 sq.ft.

$1,100,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 1.18%

Airbnb Rental Income: $1527

Traditional Rental Income: $2465

Airbnb ROI: -0.17%

Traditional ROI: 1.18%

2140 Chelsea Lane

Traverse City, MI

4 beds | 3 baths | 3,144 sq.ft.

$695,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.66%

Airbnb Rental Income: $null

Traditional Rental Income: $3391

Airbnb ROI: N/A

Traditional ROI: 3.66%

2939 RIDGE TRAIL DRIVE

Traverse City, MI

4 beds | 3 baths | 2,916 sq.ft.

$675,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.07%

Airbnb Rental Income: $null

Traditional Rental Income: $2987

Airbnb ROI: N/A

Traditional ROI: 3.07%

800-318 Cottageview Drive #318

Traverse City, MI

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

$885,000

Airbnb cash on cash: -2.37%

Traditional cash on cash: -0.03%

Airbnb Rental Income: $1390

Traditional Rental Income: $2897

Airbnb ROI: -2.37%

Traditional ROI: -0.03%

1009 Carver Street

Traverse City, MI

3 beds | 1 baths | 1,184 sq.ft.

$320,000

Airbnb cash on cash: 3.14%

Traditional cash on cash: 3.36%

Airbnb Rental Income: $2056

Traditional Rental Income: $1590

Airbnb ROI: 3.14%

Traditional ROI: 3.36%

3760 Five Mile Road

Traverse City, MI

2 beds | 2 baths | 1,164 sq.ft.

$300,000

Airbnb cash on cash: 1.65%

Traditional cash on cash: 4.4%

Airbnb Rental Income: $1535

Traditional Rental Income: $1869

Airbnb ROI: 1.65%

Traditional ROI: 4.4%

1116 Wayne Street

Traverse City, MI

3 beds | 3 baths | 3,550 sq.ft.

$1,050,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 0.01%

Airbnb Rental Income: $2286

Traditional Rental Income: $2573

Airbnb ROI: -0.87%