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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2839 Ruby Street Traverse City, MI Welcome to 2839 Ruby St, a stunning new home in one of Traverse Cityâs most sought-after...	3 beds \| 3 baths \| 1,626 sq.ft.	$454,690	Airbnb cash on cash: 2.16% Traditional cash on cash: 3.53% Airbnb Rental Income: $2358 Traditional Rental Income: $2358 Airbnb ROI: 2.16% Traditional ROI: 3.53%
2993 Emerald Isle Traverse City, MI Discover easy living in this beautifully maintained 2-bedroom, 2-bath condo perfectly situ...	2 beds \| 2 baths \| 962 sq.ft.	$299,999	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.67% Airbnb Rental Income: $1154 Traditional Rental Income: $1592 Airbnb ROI: 0.77% Traditional ROI: 3.67%
820-14 Red Drive #14 Traverse City, MI Your search for old-world ambiance, a vibrant urban lifestyle & the perfect home or invest...	1 beds \| 1 baths \| 886 sq.ft.	$480,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 1.39% Airbnb Rental Income: $750 Traditional Rental Income: $1274 Airbnb ROI: -0.47% Traditional ROI: 1.39%
1440 Forest Park Drive Traverse City, MI Wow - A completely updated in-town end unit condo overlooking a wildlife refuge and magnif...	3 beds \| 2 baths \| 1,807 sq.ft.	$449,900	Airbnb cash on cash: 2.79% Traditional cash on cash: 5.42% Airbnb Rental Income: $2358 Traditional Rental Income: $2880 Airbnb ROI: 2.79% Traditional ROI: 5.42%
2140 Chelsea Lane Traverse City, MI Discover peaceful, nature-filled living in this beautifully maintained 4-bedroom, 3-bath c...	4 beds \| 3 baths \| 3,144 sq.ft.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.98% Airbnb Rental Income: $null Traditional Rental Income: $3391 Airbnb ROI: N/A Traditional ROI: 3.98%
2305 US-31 N 400 Traverse City, MI Condo with 200' of shared Grand Traverse Bay waterfront! Fully furnished 1BR/1BA condo, pe...	1 beds \| 1 baths \| 712 sq.ft.	$269,900	Airbnb cash on cash: -1.28% Traditional cash on cash: 1.17% Airbnb Rental Income: $898 Traditional Rental Income: $1185 Airbnb ROI: -1.28% Traditional ROI: 1.17%
5133 Silver Lake Shores Road Traverse City, MI Forty feet of private sandy shoreline on all-sports Silver Lake. This waterfront ranch was...	3 beds \| 2 baths \| 1,604 sq.ft.	$1,080,000	Airbnb cash on cash: -0.23% Traditional cash on cash: 0.54% Airbnb Rental Income: $2358 Traditional Rental Income: $2546 Airbnb ROI: -0.23% Traditional ROI: 0.54%
303 W Eleventh Street Traverse City, MI Perfectly situated in the heart of downtown Traverse City, this exceptional two-story resi...	2 beds \| 3 baths \| 2,394 sq.ft.	$850,000	Airbnb cash on cash: -1.77% Traditional cash on cash: 0.61% Airbnb Rental Income: $1059 Traditional Rental Income: $2578 Airbnb ROI: -1.77% Traditional ROI: 0.61%
3472 Lamar Drive Traverse City, MI Enjoy peaceful surroundings in a quiet neighborhood. Featuring most appliances being updat...	3 beds \| 2 baths \| 1,592 sq.ft.	$299,900	Airbnb cash on cash: 3.33% Traditional cash on cash: 4.99% Airbnb Rental Income: $2358 Traditional Rental Income: $2243 Airbnb ROI: 3.33% Traditional ROI: 4.99%
4577 Quail Court Traverse City, MI Built in 2022, this three bedroom, one bath home offers the ease of newer construction in ...	3 beds \| 1 baths \| 1,008 sq.ft.	$339,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 3.25% Airbnb Rental Income: $2358 Traditional Rental Income: $1785 Airbnb ROI: 3.23% Traditional ROI: 3.25%
206 E Ninth Street Traverse City, MI Welcome to an exceptional downtown residence where location, history, and versatility come...	4 beds \| 3 baths \| 3,458 sq.ft.	$1,295,000	Airbnb cash on cash: -1.51% Traditional cash on cash: -0.22% Airbnb Rental Income: $1816 Traditional Rental Income: $2872 Airbnb ROI: -1.51% Traditional ROI: -0.22%
1891 Hummingbird Lane Traverse City, MI Updated and exceptionally well-maintained bi-level home in the desirable Maplewood Forest ...	4 beds \| 3 baths \| 2,075 sq.ft.	$450,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 3.82% Airbnb Rental Income: $2521 Traditional Rental Income: $2767 Airbnb ROI: 1.79% Traditional ROI: 3.82%
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.	$340,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 3.03% Airbnb Rental Income: $1128 Traditional Rental Income: $1867 Airbnb ROI: -0.46% Traditional ROI: 3.03%
3216 Zimmerman Road Traverse City, MI Beautiful and unique tri-level home offering 4 bedrooms and 2 bathrooms in a fantastic loc...	4 beds \| 2 baths \| 2,491 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.05% Airbnb Rental Income: $null Traditional Rental Income: $2355 Airbnb ROI: N/A Traditional ROI: 2.05%
3939 Brook Drive Traverse City, MI Opportunity awaits in a prime Traverse City location! This 3-bedroom, 2-bath home offers c...	3 beds \| 2 baths \| 1,296 sq.ft.	$265,000	Airbnb cash on cash: 4.21% Traditional cash on cash: 5% Airbnb Rental Income: $2358 Traditional Rental Income: $1972 Airbnb ROI: 4.21% Traditional ROI: 5%
2755 Shore Wood Drive Traverse City, MI Escape to your own private oasis on West Grand Traverse Bay with this exquisite Craftsman ...	4 beds \| 4 baths \| 4,506 sq.ft.	$3,000,000	Airbnb cash on cash: -0.84% Traditional cash on cash: 0.1% Airbnb Rental Income: $2521 Traditional Rental Income: $4519 Airbnb ROI: -0.84% Traditional ROI: 0.1%
109 E Front Street #301 Traverse City, MI Experience refined downtown living in one of Traverse Cityâs most iconic historic buildi...	2 beds \| 3 baths \| 2,192 sq.ft.	$1,999,999	Airbnb cash on cash: -2.69% Traditional cash on cash: -1.48% Airbnb Rental Income: $953 Traditional Rental Income: $2854 Airbnb ROI: -2.69% Traditional ROI: -1.48%
2131 Fielstra Drive Traverse City, MI Great starter or investment home appears to have good bones, flat roof line and a dry, pou...	4 beds \| 2 baths \| 1,708 sq.ft.	$299,000	Airbnb cash on cash: 3.94% Traditional cash on cash: 4.69% Airbnb Rental Income: $2521 Traditional Rental Income: $2123 Airbnb ROI: 3.94% Traditional ROI: 4.69%
10579 Camrose Circle Traverse City, MI Welcome to Morgan Farms, Traverse City's highly desirable private communities! Beautifull...	3 beds \| 4 baths \| 2,520 sq.ft.	$699,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 3.24% Airbnb Rental Income: $1531 Traditional Rental Income: $3625 Airbnb ROI: -0.65% Traditional ROI: 3.24%
1967 Black Bark Lane Traverse City, MI Set on just over an acre, this 5-bedroom, 2-bath home offers space, comfort, and thoughtfu...	5 beds \| 2 baths \| 2,000 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.3% Airbnb Rental Income: $null Traditional Rental Income: $2587 Airbnb ROI: N/A Traditional ROI: 4.3%
641 Riverine Drive #201 Traverse City, MI Fully renovated 1 bedroom, 1 bath, condominium in Traverse Cityâs NoBo district. Perfect...	1 beds \| 1 baths \| 692 sq.ft.	$348,500	Airbnb cash on cash: -6.57% Traditional cash on cash: -3.02% Airbnb Rental Income: $667 Traditional Rental Income: $1530 Airbnb ROI: -6.57% Traditional ROI: -3.02%
2408 Pinehurst Trail Traverse City, MI Welcome to a Northern Michigan gem. This charming cottage located on Arbutus Lake #1 is b...	3 beds \| 1 baths \| 1,193 sq.ft.	$587,000	Airbnb cash on cash: -1.29% Traditional cash on cash: 0.68% Airbnb Rental Income: $1155 Traditional Rental Income: $1853 Airbnb ROI: -1.29% Traditional ROI: 0.68%
595 Georgetown Place #12 Traverse City, MI Rarely available and beautifully updated, this 3-bedroom, 2-bath townhouse-style condo off...	3 beds \| 2 baths \| 1,738 sq.ft.	$390,000	Airbnb cash on cash: 1.95% Traditional cash on cash: 3.22% Airbnb Rental Income: $2358 Traditional Rental Income: $2240 Airbnb ROI: 1.95% Traditional ROI: 3.22%
4110 Robin Hood Lane #35 Traverse City, MI Welcome to 4110 Robin Hood Lane, a clean and comfortable Traverse City condo offering easy...	2 beds \| 1 baths \| 936 sq.ft.	$224,900	Airbnb cash on cash: -1.92% Traditional cash on cash: 1.4% Airbnb Rental Income: $958 Traditional Rental Income: $1316 Airbnb ROI: -1.92% Traditional ROI: 1.4%
853 Reads Run Traverse City, MI Elegance Inside and Out! This beautifully reimagined 3-bedroom, 4-bath home has been full...	3 beds \| 3 baths \| 2,507 sq.ft.	$525,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 3.47% Airbnb Rental Income: $2358 Traditional Rental Income: $3039 Airbnb ROI: 0.9% Traditional ROI: 3.47%
5578 Heritage Way Traverse City, MI Welcome to this beautifully updated contemporary home in Heritage Estates, one of Traverse...	4 beds \| 4 baths \| 3,871 sq.ft.	$549,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $3859 Airbnb ROI: N/A Traditional ROI: 4.8%
951 Tamarack Street Traverse City, MI East side opportunity in the Pinegrove neighborhood! This 1950s ranch offers main-floor li...	3 beds \| 1 baths \| 1,004 sq.ft.	$220,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 5.72% Airbnb Rental Income: $1155 Traditional Rental Income: $1660 Airbnb ROI: 1.46% Traditional ROI: 5.72%
4070 Evelyn Street Traverse City, MI Clean, dialed-in, and right where you want to be. This fully renovated 2 bed/1 bath ranch ...	2 beds \| 1 baths \| 1,307 sq.ft.	$329,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.95% Airbnb Rental Income: $958 Traditional Rental Income: $1679 Airbnb ROI: -0.5% Traditional ROI: 2.95%
1335 W OUTER DRIVE Traverse City, MI Imagine owning this distinctive 3BR/2.5BA residence on Traverse City's SW side, where capt...	3 beds \| 3 baths \| 2,012 sq.ft.	$1,597,500	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.45% Airbnb Rental Income: $2358 Traditional Rental Income: $2664 Airbnb ROI: -0.15% Traditional ROI: 0.45%
7135 E Birch Point Road Traverse City, MI Experience the best of Leelanau living with this extraordinary 107-acre property featuring...	4 beds \| 3 baths \| 3,372 sq.ft.	$3,599,000	Airbnb cash on cash: -0.91% Traditional cash on cash: -0.34% Airbnb Rental Income: $1870 Traditional Rental Income: $3266 Airbnb ROI: -0.91% Traditional ROI: -0.34%
13928 S Winding Trail Traverse City, MI Crisp, current, and built to impress, this stunning ranch delivers the kind of high-end fi...	4 beds \| 3 baths \| 2,472 sq.ft.	$799,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.49% Airbnb Rental Income: $1870 Traditional Rental Income: $3306 Airbnb ROI: -1.11% Traditional ROI: 1.49%
208 GILLIS STREET 12 Traverse City, MI Step into luxury and convenience with this stunning, tastefully furnished, turn-key condo ...	2 beds \| 2 baths \| 1,026 sq.ft.	$565,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 2.66% Airbnb Rental Income: $1090 Traditional Rental Income: $2031 Airbnb ROI: 0.17% Traditional ROI: 2.66%
2288 Nimrod Road Traverse City, MI Welcome to 2288 Nimrod Road - a beautifully maintained ranch home nestled on 3 peaceful ac...	4 beds \| 2 baths \| 1,400 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.44% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 4.44%
2611 Green Meadows Drive Traverse City, MI This turnkey lower level condo on 6th fairway of The Crown Golf Course has 2 bedrooms and ...	2 beds \| 1 baths \| 800 sq.ft.	$190,500	Airbnb cash on cash: 1.49% Traditional cash on cash: 6.42% Airbnb Rental Income: $1154 Traditional Rental Income: $1666 Airbnb ROI: 1.49% Traditional ROI: 6.42%
1040 Umber Drive Traverse City, MI The Umber Uplift Practically new. Perfectly placed. Completely turn-key. Just 5.7 miles fr...	2 beds \| 1 baths \| 850 sq.ft.	$279,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 3.82% Airbnb Rental Income: $958 Traditional Rental Income: $1637 Airbnb ROI: -0.07% Traditional ROI: 3.82%
138 W Gillis Street #19 Traverse City, MI Right in the heart of downtown Traverse City, this well-positioned 2-bedroom, 2-bath condo...	2 beds \| 2 baths \| 904 sq.ft.	$550,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 1.79% Airbnb Rental Income: $1090 Traditional Rental Income: $2312 Airbnb ROI: -1.31% Traditional ROI: 1.79%
508 Hastings Street #1 Traverse City, MI Welcome to this Contemporary Urban Oasis near the heart of downtown Traverse City. This go...	1 beds \| 1 baths \| 564 sq.ft.	$299,000	Airbnb cash on cash: -2.24% Traditional cash on cash: 1.76% Airbnb Rental Income: $611 Traditional Rental Income: $1447 Airbnb ROI: -2.24% Traditional ROI: 1.76%
10627 Waterford Road #C Traverse City, MI Location, style, and convenience converge in this rare corner-unit townhouse offering sere...	3 beds \| 3 baths \| 1,226 sq.ft.	$459,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 2.68% Airbnb Rental Income: $1531 Traditional Rental Income: $2569 Airbnb ROI: -0.77% Traditional ROI: 2.68%
7058 Shade Tree Lane Traverse City, MI Perched atop a scenic hill in desirable Long Lake Township, this distinctive contemporary ...	4 beds \| 4 baths \| 2,988 sq.ft.	$725,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $3861 Airbnb ROI: N/A Traditional ROI: 3.48%
710 Centre Place #26 Traverse City, MI Welcome to 710 Centre Place #26! This recently updated 1 bed/1 bath end unit condo sits ne...	1 beds \| 1 baths \| 912 sq.ft.	$359,900	Airbnb cash on cash: -2.06% Traditional cash on cash: 1.55% Airbnb Rental Income: $566 Traditional Rental Income: $1501 Airbnb ROI: -2.06% Traditional ROI: 1.55%

Real Estate investment in Traverse-city, MI

There are 367 properties for sale in the city of Traverse City . The median list price in Traverse City is $532,450 and the average price per square foot is $265. In May 2026, the average monthly cash on cash return in Traverse City is 2.00%. The average monthly rental income in Traverse City is $2,247.

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

There are 367 investment properties available for sale in Traverse-city.

In 2026, the best neighborhood to buy investment property is Kids Creek.

The ROI for Long-Term is higher than the Short-Term in Traverse-city with average rental income of $2,247.

Your search for investment property begins and ends here

Investment Property for Sale in Traverse City, MI

2839 Ruby Street

Traverse City, MI

3 beds | 3 baths | 1,626 sq.ft.

$454,690

Airbnb cash on cash: 2.16%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $2358

Traditional Rental Income: $2358

Airbnb ROI: 2.16%

Traditional ROI: 3.53%

2993 Emerald Isle

Traverse City, MI

2 beds | 2 baths | 962 sq.ft.

$299,999

Airbnb cash on cash: 0.77%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $1154

Traditional Rental Income: $1592

Airbnb ROI: 0.77%

Traditional ROI: 3.67%

820-14 Red Drive #14

Traverse City, MI

1 beds | 1 baths | 886 sq.ft.

$480,000

Airbnb cash on cash: -0.47%

Traditional cash on cash: 1.39%

Airbnb Rental Income: $750

Traditional Rental Income: $1274

Airbnb ROI: -0.47%

Traditional ROI: 1.39%

1440 Forest Park Drive

Traverse City, MI

3 beds | 2 baths | 1,807 sq.ft.

$449,900

Airbnb cash on cash: 2.79%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $2358

Traditional Rental Income: $2880

Airbnb ROI: 2.79%

Traditional ROI: 5.42%

2140 Chelsea Lane

Traverse City, MI

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

$650,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.98%

Airbnb Rental Income: $null

Traditional Rental Income: $3391

Airbnb ROI: N/A

Traditional ROI: 3.98%

2305 US-31 N 400

Traverse City, MI

1 beds | 1 baths | 712 sq.ft.

$269,900

Airbnb cash on cash: -1.28%

Traditional cash on cash: 1.17%

Airbnb Rental Income: $898

Traditional Rental Income: $1185

Airbnb ROI: -1.28%

Traditional ROI: 1.17%

5133 Silver Lake Shores Road

Traverse City, MI

3 beds | 2 baths | 1,604 sq.ft.

$1,080,000

Airbnb cash on cash: -0.23%

Traditional cash on cash: 0.54%

Airbnb Rental Income: $2358

Traditional Rental Income: $2546

Airbnb ROI: -0.23%

Traditional ROI: 0.54%

303 W Eleventh Street

Traverse City, MI

2 beds | 3 baths | 2,394 sq.ft.

$850,000

Airbnb cash on cash: -1.77%

Traditional cash on cash: 0.61%

Airbnb Rental Income: $1059

Traditional Rental Income: $2578

Airbnb ROI: -1.77%