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
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: -0.28% Traditional cash on cash: 3.53% Airbnb Rental Income: $1110 Traditional Rental Income: $2358 Airbnb ROI: -0.28% 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.	$319,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.4% Airbnb Rental Income: $1218 Traditional Rental Income: $1592 Airbnb ROI: 0.84% Traditional ROI: 3.4%
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.	$999,000	Airbnb cash on cash: -0.75% Traditional cash on cash: 1.4% Airbnb Rental Income: $793 Traditional Rental Income: $2465 Airbnb ROI: -0.75% Traditional ROI: 1.4%
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.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $3391 Airbnb ROI: N/A Traditional ROI: 3.8%
2129 Chrystal Ridge Drive Traverse City, MI Immaculate, newer east-side standalone condo offering quiet, low-maintenance, main floor l...	4 beds \| 3 baths \| 2,900 sq.ft.	$495,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.72% Airbnb Rental Income: $2415 Traditional Rental Income: $3661 Airbnb ROI: 0.76% Traditional ROI: 4.72%
721 Indian Trail Boulevard #21 Traverse City, MI Welcome to 721 Indian Trail, a well-maintained Traverse City condominium offering a though...	2 beds \| 1 baths \| 840 sq.ft.	$250,000	Airbnb cash on cash: -2.53% Traditional cash on cash: 4.14% Airbnb Rental Income: $669 Traditional Rental Income: $1944 Airbnb ROI: -2.53% Traditional ROI: 4.14%
438 Davis Street Traverse City, MI Mid-Century Charm in Traverse Cityâs Beloved âTriangleâ neighborhood. Acutely tucke...	2 beds \| 1 baths \| 983 sq.ft.	$360,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 1.93% Airbnb Rental Income: $673 Traditional Rental Income: $1491 Airbnb ROI: -1.38% Traditional ROI: 1.93%
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: -0.04% Traditional cash on cash: 6.69% Airbnb Rental Income: $1110 Traditional Rental Income: $2880 Airbnb ROI: -0.04% Traditional ROI: 6.69%
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.	$449,900	Airbnb cash on cash: 1.58% Traditional cash on cash: 3.97% Airbnb Rental Income: $2415 Traditional Rental Income: $2829 Airbnb ROI: 1.58% Traditional ROI: 3.97%
2294 Woodcock Lane Traverse City, MI Lovely updated one-level living Ranch home in a neighborhood setting with fenced back yard...	3 beds \| 3 baths \| 2,312 sq.ft.	$437,500	Airbnb cash on cash: -0.3% Traditional cash on cash: 4.5% Airbnb Rental Income: $1110 Traditional Rental Income: $2704 Airbnb ROI: -0.3% Traditional ROI: 4.5%
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.	$350,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.87% Airbnb Rental Income: $1063 Traditional Rental Income: $1867 Airbnb ROI: -0.69% Traditional ROI: 2.87%
1004 Boyd Avenue Traverse City, MI Welcome to life in the heart of downtown Traverse City, just steps from the TART Trail and...	2 beds \| 1 baths \| 992 sq.ft.	$325,000	Airbnb cash on cash: -1.61% Traditional cash on cash: 3.77% Airbnb Rental Income: $673 Traditional Rental Income: $2016 Airbnb ROI: -1.61% Traditional ROI: 3.77%
4033 Sherwood Forest Drive Traverse City, MI This three-level condo features 4 bedrooms and 2.5 baths, including a spacious upper-level...	4 beds \| 3 baths \| 2,550 sq.ft.	$350,000	Airbnb cash on cash: 2.74% Traditional cash on cash: 7.81% Airbnb Rental Income: $2415 Traditional Rental Income: $3491 Airbnb ROI: 2.74% Traditional ROI: 7.81%
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: -0.87% Traditional cash on cash: 0.1% Airbnb Rental Income: $2415 Traditional Rental Income: $4519 Airbnb ROI: -0.87% 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: -2.76% Traditional cash on cash: -1.48% Airbnb Rental Income: $793 Traditional Rental Income: $2854 Airbnb ROI: -2.76% Traditional ROI: -1.48%
3802 Holiday Village Road Traverse City, MI Move-in ready & beautifully maintained in Holiday Hills! This inviting 1.5-story home offe...	3 beds \| 3 baths \| 1,761 sq.ft.	$429,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 3.3% Airbnb Rental Income: $1004 Traditional Rental Income: $2433 Airbnb ROI: -1.15% Traditional ROI: 3.3%
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.	$729,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.07% Airbnb Rental Income: $1334 Traditional Rental Income: $3625 Airbnb ROI: -0.9% Traditional ROI: 3.07%
9111 Settlers Lane Traverse City, MI Welcome to Settlers Cove, one of Traverse Cityâs most desirable lake access communities....	3 beds \| 3 baths \| 2,658 sq.ft.	$895,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 2.44% Airbnb Rental Income: $1110 Traditional Rental Income: $3343 Airbnb ROI: -0.69% Traditional ROI: 2.44%
3922 Sherwood Forest Drive Traverse City, MI Completely renovated with a crisp, modern aesthetic, this 2-bedroom, 1-bath condo in Holid...	2 beds \| 1 baths \| 936 sq.ft.	$230,000	Airbnb cash on cash: -1.25% Traditional cash on cash: 5.99% Airbnb Rental Income: $669 Traditional Rental Income: $1944 Airbnb ROI: -1.25% Traditional ROI: 5.99%
152 E Fourteenth Street Traverse City, MI Discover downtown Traverse City living at its best! This charming 2-bed, 1-bath residence ...	2 beds \| 1 baths \| 720 sq.ft.	$299,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 3.87% Airbnb Rental Income: $793 Traditional Rental Income: $1562 Airbnb ROI: 0.01% Traditional ROI: 3.87%
681 Becca Lane Traverse City, MI Tucked away at the end of a quiet cul-de-sac in the desirable Boardman Ponds subdivision, ...	4 beds \| 4 baths \| 3,134 sq.ft.	$519,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $2788 Airbnb ROI: N/A Traditional ROI: 2.94%
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.	$3,650,000	Airbnb cash on cash: -0.96% Traditional cash on cash: -0.35% Airbnb Rental Income: $1667 Traditional Rental Income: $3266 Airbnb ROI: -0.96% Traditional ROI: -0.35%
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.	$570,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 2.63% Airbnb Rental Income: $976 Traditional Rental Income: $2031 Airbnb ROI: -0.01% Traditional ROI: 2.63%
2288 Nimrod Road Traverse City, MI Welcome to 2288 Nimrod Road â a beautifully maintained ranch home nestled on 3 peaceful ...	4 beds \| 2 baths \| 1,400 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.9% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 3.9%
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.	$192,500	Airbnb cash on cash: 1.76% Traditional cash on cash: 6.35% Airbnb Rental Income: $1218 Traditional Rental Income: $1666 Airbnb ROI: 1.76% Traditional ROI: 6.35%
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.	$294,900	Airbnb cash on cash: -0.99% Traditional cash on cash: 3.58% Airbnb Rental Income: $669 Traditional Rental Income: $1637 Airbnb ROI: -0.99% Traditional ROI: 3.58%
1285 Terrace Bluff Drive Traverse City, MI Welcome to this pristine 3-bedroom, 2-bath condo located in a highly sought-after communit...	3 beds \| 2 baths \| 1,352 sq.ft.	$359,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 3.09% Airbnb Rental Income: $1004 Traditional Rental Income: $1984 Airbnb ROI: -0.88% Traditional ROI: 3.09%
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.	$369,000	Airbnb cash on cash: -2.28% Traditional cash on cash: 1.49% Airbnb Rental Income: $460 Traditional Rental Income: $1501 Airbnb ROI: -2.28% Traditional ROI: 1.49%
1548 SIMSBURY STREET Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 1 BR, 1 BA end...	1 beds \| 1 baths \| 749 sq.ft.	$364,900	Airbnb cash on cash: -2.22% Traditional cash on cash: 3.15% Airbnb Rental Income: $464 Traditional Rental Income: $2036 Airbnb ROI: -2.22% Traditional ROI: 3.15%
11613 WHITTINGTON STREET Traverse City, MI Located in the highly desirable Morgan Farms community, this pristine, move-in-ready home ...	4 beds \| 4 baths \| 2,207 sq.ft.	$975,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 1.58% Airbnb Rental Income: $1667 Traditional Rental Income: $3331 Airbnb ROI: -0.77% Traditional ROI: 1.58%
2305 N US31 #203 Traverse City, MI This stunning, turn-key, 1-bedroom, 1-bath condo has been thoughtfully updated for 2024, f...	1 beds \| 1 baths \| 556 sq.ft.	$319,900	Airbnb cash on cash: -1.35% Traditional cash on cash: 2.66% Airbnb Rental Income: $460 Traditional Rental Income: $1398 Airbnb ROI: -1.35% Traditional ROI: 2.66%
2764 W Crown Drive Traverse City, MI Welcome to 2764 W Crown Driveâa stunning 2022 ranch-style home in Traverse Cityâs cove...	4 beds \| 3 baths \| 3,260 sq.ft.	$950,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $3062 Airbnb ROI: N/A Traditional ROI: 2.26%
872 Vienna Way Traverse City, MI Tucked at the end of a quiet cul-de-sac in Verndale Estates, 872 Vienna Way delivers clean...	3 beds \| 3 baths \| 3,065 sq.ft.	$729,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 3.42% Airbnb Rental Income: $1004 Traditional Rental Income: $3183 Airbnb ROI: -0.31% Traditional ROI: 3.42%
115 E EIGHTH STREET 16 Traverse City, MI Downtown Traverse City living at it's finest!This stunning top floor condo features gorgeo...	2 beds \| 1 baths \| 892 sq.ft.	$425,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.31% Airbnb Rental Income: $924 Traditional Rental Income: $1620 Airbnb ROI: -1.3% Traditional ROI: 1.31%
209 Stafford Drive Traverse City, MI With the beautifully curated landscape that feels more like a private park than a backyard...	3 beds \| 3 baths \| 2,110 sq.ft.	$515,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 1.32% Airbnb Rental Income: $1110 Traditional Rental Income: $1953 Airbnb ROI: -1.21% Traditional ROI: 1.32%
2024 Apple Hill Road Traverse City, MI Darling ranch located just ten minutes from downtown Traverse City, public beaches, restau...	2 beds \| 1 baths \| 1,028 sq.ft.	$244,900	Airbnb cash on cash: -0.68% Traditional cash on cash: 3.67% Airbnb Rental Income: $673 Traditional Rental Income: $1380 Airbnb ROI: -0.68% Traditional ROI: 3.67%
6691 N Long Lake Road Traverse City, MI This stunning home offers private frontage on South Twin Lake, delivering year-round recre...	2 beds \| 2 baths \| 1,152 sq.ft.	$499,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 2.71% Airbnb Rental Income: $1218 Traditional Rental Income: $2030 Airbnb ROI: 0.13% Traditional ROI: 2.71%
800 Cottageview Drive #403 Traverse City, MI Perched on the fourth floor, this 2 bed/1.5 bath light-filled condo delivers character you...	2 beds \| 2 baths \| 1,432 sq.ft.	$675,000	Airbnb cash on cash: -2.48% Traditional cash on cash: 0.7% Airbnb Rental Income: $976 Traditional Rental Income: $2622 Airbnb ROI: -2.48% Traditional ROI: 0.7%
708 Randolph Street #204 Traverse City, MI Modern, fully furnished 2-bedroom, 2-bath condo at 708 Randolph Street in the heart of Dow...	2 beds \| 2 baths \| 1,105 sq.ft.	$505,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 4.2% Airbnb Rental Income: $976 Traditional Rental Income: $2614 Airbnb ROI: -0.02% Traditional ROI: 4.2%
2615 Plover Drive #36 Traverse City, MI Experience Modern Living in This Stunning Residence Enjoy the perfect blend of comfort and...	3 beds \| 2 baths \| 1,206 sq.ft.	$389,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 3.13% Airbnb Rental Income: $1110 Traditional Rental Income: $1838 Airbnb ROI: 0.12% Traditional ROI: 3.13%

Real Estate investment in Traverse-city, MI

There are 274 properties for sale in the city of Traverse City . The median list price in Traverse City is $495,000 and the average price per square foot is $274. In April 2026, the average monthly cash on cash return in Traverse City is 2.00%. The average monthly rental income in Traverse City is $2,048.

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

There are 274 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 $2,048.

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: -0.28%

Traditional cash on cash: 3.53%

Airbnb Rental Income: $1110

Traditional Rental Income: $2358

Airbnb ROI: -0.28%

Traditional ROI: 3.53%

2993 Emerald Isle

Traverse City, MI

2 beds | 2 baths | 962 sq.ft.

$319,000

Airbnb cash on cash: 0.84%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $1218

Traditional Rental Income: $1592

Airbnb ROI: 0.84%

Traditional ROI: 3.4%

206 Boardman Avenue

Traverse City, MI

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

$999,000

Airbnb cash on cash: -0.75%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $793

Traditional Rental Income: $2465

Airbnb ROI: -0.75%

Traditional ROI: 1.4%

2140 Chelsea Lane

Traverse City, MI

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

$675,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.8%

Airbnb Rental Income: $null

Traditional Rental Income: $3391

Airbnb ROI: N/A

Traditional ROI: 3.8%

2129 Chrystal Ridge Drive

Traverse City, MI

4 beds | 3 baths | 2,900 sq.ft.

$495,000

Airbnb cash on cash: 0.76%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $2415

Traditional Rental Income: $3661

Airbnb ROI: 0.76%

Traditional ROI: 4.72%

721 Indian Trail Boulevard #21

Traverse City, MI

2 beds | 1 baths | 840 sq.ft.

$250,000

Airbnb cash on cash: -2.53%

Traditional cash on cash: 4.14%

Airbnb Rental Income: $669

Traditional Rental Income: $1944

Airbnb ROI: -2.53%

Traditional ROI: 4.14%

438 Davis Street

Traverse City, MI

2 beds | 1 baths | 983 sq.ft.

$360,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $673

Traditional Rental Income: $1491

Airbnb ROI: -1.38%

Traditional ROI: 1.93%

4577 Quail Court

Traverse City, MI

3 beds | 1 baths | 1,008 sq.ft.

$339,000

Airbnb cash on cash: -0.04%

Traditional cash on cash: 6.69%

Airbnb Rental Income: $1110

Traditional Rental Income: $2880

Airbnb ROI: -0.04%