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 Maintenance free living in the heart of it all allows for you to never worry about lawn an...	3 beds \| 2 baths \| 1,648 sq.ft.	$453,990	Airbnb cash on cash: N/A Traditional cash on cash: 3.54% Airbnb Rental Income: $null Traditional Rental Income: $2358 Airbnb ROI: N/A Traditional ROI: 3.54%
3948 Sherwood Forest Drive Traverse City, MI Priced to sell at $285,000! Enjoy easy, low-maintenance living in this 2BR/1.5BA condo in ...	2 beds \| 2 baths \| 1,728 sq.ft.	$279,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.92% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 5.92%
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.	$324,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $1592 Airbnb ROI: N/A Traditional ROI: 3.33%
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: N/A Traditional cash on cash: 1.4% Airbnb Rental Income: $null Traditional Rental Income: $2465 Airbnb ROI: N/A Traditional ROI: 1.4%
687 George Street Traverse City, MI Charming East Side Home! Conveniently situated near the TART Trail, local restaurants, and...	3 beds \| 1 baths \| 864 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.49% Airbnb Rental Income: $null Traditional Rental Income: $1462 Airbnb ROI: N/A Traditional ROI: 2.49%
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: N/A Traditional cash on cash: 4.72% Airbnb Rental Income: $null Traditional Rental Income: $3661 Airbnb ROI: N/A Traditional ROI: 4.72%
3808 Vale Drive Traverse City, MI Move-In Ready 2-Bedroom Townhouse in Prime Traverse City â Priced to Sell! Hereâs you...	2 beds \| 1 baths \| 906 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.19% Airbnb Rental Income: $null Traditional Rental Income: $1412 Airbnb ROI: N/A Traditional ROI: 4.19%
715 E STATE STREET Traverse City, MI Overlooking a park in downtown Traverse City, this condo offers the rare combination of wa...	2 beds \| 3 baths \| 1,142 sq.ft.	$535,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.09% Airbnb Rental Income: $null Traditional Rental Income: $1903 Airbnb ROI: N/A Traditional ROI: 1.09%
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: N/A Traditional cash on cash: 1.93% Airbnb Rental Income: $null Traditional Rental Income: $1491 Airbnb ROI: N/A Traditional ROI: 1.93%
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: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $2829 Airbnb ROI: N/A Traditional ROI: 3.97%
611 George Street Traverse City, MI Tucked on the East Side just minutes from downtown, this beautifully maintained 3-bedroom,...	3 beds \| 2 baths \| 1,423 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.73% Airbnb Rental Income: $null Traditional Rental Income: $1986 Airbnb ROI: N/A Traditional ROI: 4.73%
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.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.45% Airbnb Rental Income: $null Traditional Rental Income: $1867 Airbnb ROI: N/A Traditional ROI: 2.45%
3756 Country Club Drive #9 Traverse City, MI Welcome to this beautifully updated Turn-Key 2-bedroom, 2-bath condo in the highly sought-...	2 beds \| 2 baths \| 1,468 sq.ft.	$450,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.9% Airbnb Rental Income: $null Traditional Rental Income: $2015 Airbnb ROI: N/A Traditional ROI: 1.9%
4033 Sherwood Forest Drive Traverse City, MI Tucked into the trees at the edge of Holiday Hills, 4033 Sherwood Forest Drive feels like ...	4 beds \| 3 baths \| 2,550 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.81% Airbnb Rental Income: $null Traditional Rental Income: $3491 Airbnb ROI: N/A Traditional ROI: 7.81%
2305 US-31 N 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: N/A Traditional cash on cash: 2.82% Airbnb Rental Income: $null Traditional Rental Income: $1452 Airbnb ROI: N/A Traditional ROI: 2.82%
8906-A Manhattan North Traverse City, MI Welcome to 8906-A Manhattan North, a custom-built 2-bed, 2-bath condo with a 1-car garage,...	2 beds \| 2 baths \| 1,572 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.38% Airbnb Rental Income: $null Traditional Rental Income: $2499 Airbnb ROI: N/A Traditional ROI: 2.38%
1938 Lardie Road Traverse City, MI Stylish updates meet everyday comfort in this move-in ready Traverse City home! The renova...	4 beds \| 1 baths \| 2,035 sq.ft.	$350,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $1889 Airbnb ROI: N/A Traditional ROI: 3.8%
3841 Manchester Road Traverse City, MI Adorable ranch boasting with modern updates throughout making it low maintenance and move ...	3 beds \| 2 baths \| 1,680 sq.ft.	$424,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.05% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 3.05%
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.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.2% Airbnb Rental Income: $null Traditional Rental Income: $3113 Airbnb ROI: N/A Traditional ROI: 2.2%
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: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $4519 Airbnb ROI: N/A Traditional ROI: 0.1%
3239 Wexford Drive Traverse City, MI Enjoy easy living in this beautifully updated 2BR/2.5BA townhome style condo just 10 minut...	2 beds \| 3 baths \| 1,629 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.78% Airbnb Rental Income: $null Traditional Rental Income: $2087 Airbnb ROI: N/A Traditional ROI: 2.78%
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: N/A Traditional cash on cash: 3.07% Airbnb Rental Income: $null Traditional Rental Income: $3625 Airbnb ROI: N/A Traditional ROI: 3.07%
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.	$1,000,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.05% Airbnb Rental Income: $null Traditional Rental Income: $3616 Airbnb ROI: N/A Traditional ROI: 2.05%
143 E Eighth Street #103 Traverse City, MI Located in one of Traverse Cityâs most walkable and vibrant neighborhoods, this beautifu...	1 beds \| 1 baths \| 660 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.72% Airbnb Rental Income: $null Traditional Rental Income: $1515 Airbnb ROI: N/A Traditional ROI: 1.72%
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: N/A Traditional cash on cash: 3.22% Airbnb Rental Income: $null Traditional Rental Income: $2240 Airbnb ROI: N/A Traditional ROI: 3.22%
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: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 3.1%
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.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.5% Airbnb Rental Income: $null Traditional Rental Income: $1562 Airbnb ROI: N/A Traditional ROI: 3.5%
3250 Tibbets Drive Traverse City, MI Enjoy peaceful lakefront living with 125 feet of private frontage on beautiful Tibbets Lak...	4 beds \| 3 baths \| 2,632 sq.ft.	$601,700	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $3447 Airbnb ROI: N/A Traditional ROI: 4.39%
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.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.6% Airbnb Rental Income: $null Traditional Rental Income: $2031 Airbnb ROI: N/A Traditional ROI: 2.6%
507 Fifth Street Traverse City, MI A rare offering in the Central Neighborhood, 507 Fifth Street combines period character wi...	4 beds \| 3 baths \| 2,177 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.19% Airbnb Rental Income: $null Traditional Rental Income: $2656 Airbnb ROI: N/A Traditional ROI: 0.19%
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: N/A Traditional cash on cash: 6.35% Airbnb Rental Income: $null Traditional Rental Income: $1666 Airbnb ROI: N/A Traditional ROI: 6.35%
356 Huron Traverse City, MI Set near the base of Old Mission Peninsula, this well-located 3 bedroom, 3 bath bungalow o...	3 beds \| 3 baths \| 2,012 sq.ft.	$479,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.51% Airbnb Rental Income: $null Traditional Rental Income: $3696 Airbnb ROI: N/A Traditional ROI: 5.51%
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: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $1984 Airbnb ROI: N/A Traditional ROI: 3.09%
3490 Holiday Village Road Traverse City, MI Just minutes from downtown Traverse City and the sparkling shores of East Bay, this beauti...	3 beds \| 2 baths \| 2,126 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.52% Airbnb Rental Income: $null Traditional Rental Income: $2644 Airbnb ROI: N/A Traditional ROI: 3.52%
10670 E Pico Drive Traverse City, MI Nicely updated home in an ideal location near West Bay and the TART Trail, offering comfor...	4 beds \| 3 baths \| 1,580 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.09% Airbnb Rental Income: $null Traditional Rental Income: $2665 Airbnb ROI: N/A Traditional ROI: 4.09%
7052 CHERRYWOOD COURT Traverse City, MI Discover the charm of Old Mission Peninsula living in this beautifully updated 2-bedroom, ...	2 beds \| 2 baths \| 1,092 sq.ft.	$327,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.36% Airbnb Rental Income: $null Traditional Rental Income: $2210 Airbnb ROI: N/A Traditional ROI: 4.36%
3033 Hartman Road Traverse City, MI Just minutes from downtown Traverse City, this 3-bedroom, 1-bath ranch home sits on 2.3 ac...	3 beds \| 2 baths \| 1,774 sq.ft.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.29% Airbnb Rental Income: $null Traditional Rental Income: $1742 Airbnb ROI: N/A Traditional ROI: 2.29%
2991 Ishpeming Trail Traverse City, MI A striking example of mid century modern architecture on Old Mission Peninsula, this archi...	3 beds \| 2 baths \| 2,810 sq.ft.	$1,300,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.34% Airbnb Rental Income: $null Traditional Rental Income: $2902 Airbnb ROI: N/A Traditional ROI: -0.34%
1215 Santo Street Traverse City, MI Welcome to 1215 Santo Street, a beautifully crafted 4-bedroom, 3-bath home built in 2022, ...	4 beds \| 3 baths \| 2,478 sq.ft.	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.47% Airbnb Rental Income: $null Traditional Rental Income: $2432 Airbnb ROI: N/A Traditional ROI: 2.47%

Real Estate investment in Traverse-city, MI

There are 266 properties for sale in the city of Traverse City . The median list price in Traverse City is $499,450 and the average price per square foot is $274. In February 2026, the average monthly cash on cash return in Traverse City is 2.00%. The average monthly rental income in Traverse City is $2,140.

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

There are 266 investment properties available for sale in Traverse-city.

In 2026, the best neighborhood to buy investment property is Old Towne.

The ROI for Short-Term is higher than the Long-Term in Traverse-city with average rental income of $N/A.

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 | 2 baths | 1,648 sq.ft.

$453,990

Airbnb cash on cash: N/A

Traditional cash on cash: 3.54%

Airbnb Rental Income: $null

Traditional Rental Income: $2358

Airbnb ROI: N/A

Traditional ROI: 3.54%

3948 Sherwood Forest Drive

Traverse City, MI

2 beds | 2 baths | 1,728 sq.ft.

$279,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.92%

Airbnb Rental Income: $null

Traditional Rental Income: $2306

Airbnb ROI: N/A

Traditional ROI: 5.92%

2993 Emerald Isle

Traverse City, MI

2 beds | 2 baths | 962 sq.ft.

$324,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1592

Airbnb ROI: N/A

Traditional ROI: 3.33%

206 Boardman Avenue

Traverse City, MI

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

$999,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.4%

Airbnb Rental Income: $null

Traditional Rental Income: $2465

Airbnb ROI: N/A

Traditional ROI: 1.4%

687 George Street

Traverse City, MI

3 beds | 1 baths | 864 sq.ft.

$290,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.49%

Airbnb Rental Income: $null

Traditional Rental Income: $1462

Airbnb ROI: N/A

Traditional ROI: 2.49%

2129 Chrystal Ridge Drive

Traverse City, MI

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

$495,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.72%

Airbnb Rental Income: $null

Traditional Rental Income: $3661

Airbnb ROI: N/A

Traditional ROI: 4.72%

3808 Vale Drive

Traverse City, MI

2 beds | 1 baths | 906 sq.ft.

$194,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.19%

Airbnb Rental Income: $null

Traditional Rental Income: $1412

Airbnb ROI: N/A

Traditional ROI: 4.19%

715 E STATE STREET

Traverse City, MI

2 beds | 3 baths | 1,142 sq.ft.

$535,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.09%

Airbnb Rental Income: $null

Traditional Rental Income: $1903

Airbnb ROI: N/A