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 Incredible Value - over $200K less than other new homes in the neighborhood Expertly craft...	3 beds \| N/A 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.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.8% Airbnb Rental Income: $null Traditional Rental Income: $2306 Airbnb ROI: N/A Traditional ROI: 5.8%
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.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.33% Airbnb Rental Income: $null Traditional Rental Income: $1462 Airbnb ROI: N/A Traditional ROI: 2.33%
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.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $1869 Airbnb ROI: N/A Traditional ROI: 4.78%
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.	$197,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $1412 Airbnb ROI: N/A Traditional ROI: 4.11%
438 Davis Street Traverse City, MI Mid-Century Charm in Traverse Cityâs Beloved âTriangle' neighborhood. Acutely tucked ...	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%
4548 Choice Circle Traverse City, MI This inviting ranch home offers effortless main-floor living on a roomy 0.5-acre lot, prov...	3 beds \| 2 baths \| 1,621 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.01% Airbnb Rental Income: $null Traditional Rental Income: $2264 Airbnb ROI: N/A Traditional ROI: 4.01%
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%
1720 Pergola Avenue Traverse City, MI Set on a quiet cul-de-sac within the lovely Village Ridge community and just minutes from ...	3 beds \| 2 baths \| 1,574 sq.ft.	$400,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.17% Airbnb Rental Income: $null Traditional Rental Income: $2228 Airbnb ROI: N/A Traditional ROI: 3.17%
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%
2352 Grouse Drive Traverse City, MI Welcome home to this charming and cozy 4 bedroom, 2 bathroom home that has been recently u...	4 beds \| 2 baths \| 2,317 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.19% Airbnb Rental Income: $null Traditional Rental Income: $2496 Airbnb ROI: N/A Traditional ROI: 5.19%
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 Welcome to 4033 Sherwood Forest, a beautifully updated condo nestled in the peaceful Holid...	4 beds \| 3 baths \| 2,550 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.13% Airbnb Rental Income: $null Traditional Rental Income: $3491 Airbnb ROI: N/A Traditional ROI: 7.13%
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%
224 W Sixteenth Street Traverse City, MI Experience the best of downtown Traverse City living in this charming, well-maintained 2-b...	2 beds \| 1 baths \| 1,065 sq.ft.	$364,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.85% Airbnb Rental Income: $null Traditional Rental Income: $1586 Airbnb ROI: N/A Traditional ROI: 1.85%
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 Popular East side location!! This adorable ranch is boasting with modern updates throughou...	3 beds \| 2 baths \| 1,680 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.98% Airbnb Rental Income: $null Traditional Rental Income: $2311 Airbnb ROI: N/A Traditional ROI: 2.98%
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 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: N/A Traditional cash on cash: 0.01% Airbnb Rental Income: $null Traditional Rental Income: $4519 Airbnb ROI: N/A Traditional ROI: 0.01%
1179 Umber Drive Traverse City, MI This efficient 2-bedroom, 2-bath home boasts an open floor plan with vaulted ceilings, sin...	2 beds \| 2 baths \| 1,349 sq.ft.	$353,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.68% Airbnb Rental Income: $null Traditional Rental Income: $2148 Airbnb ROI: N/A Traditional ROI: 3.68%
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%
7181 Cherrywood Court Traverse City, MI Easy living at the base of Old Mission Peninsula! This beautifully updated ranch-style con...	2 beds \| 3 baths \| 1,600 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.71% Airbnb Rental Income: $null Traditional Rental Income: $1790 Airbnb ROI: N/A Traditional ROI: 3.71%
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%
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.	$500,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.73% Airbnb Rental Income: $null Traditional Rental Income: $2234 Airbnb ROI: N/A Traditional ROI: 2.73%
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%
5233 Liberty Drive Traverse City, MI Nestled on a private, wooded half-acre in Traverse Cityâs sought-after Heritage Estates,...	4 beds \| 4 baths \| 3,007 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $3610 Airbnb ROI: N/A Traditional ROI: 4.32%
733 SIXTH STREET Traverse City, MI Charming downtown Traverse City home located on a rare corner lot with the serene Kids Cre...	3 beds \| 2 baths \| 1,323 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.18% Airbnb Rental Income: $null Traditional Rental Income: $1964 Airbnb ROI: N/A Traditional ROI: 4.18%
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%
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%
4220 Summerhill Road Traverse City, MI Experience comfortable, low-maintenance living at 4220 Summerhill, where thoughtful main-f...	3 beds \| 2 baths \| 1,597 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 4% Airbnb Rental Income: $null Traditional Rental Income: $2357 Airbnb ROI: N/A Traditional ROI: 4%
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%
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%
385 W Sleights Road Traverse City, MI This charming 3-bedroom home sits on a spacious 3/4 acre lot, offering both privacy and pl...	3 beds \| 1 baths \| 1,486 sq.ft.	$300,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $1745 Airbnb ROI: N/A Traditional ROI: 3.33%
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%
7058 Shade Tree Lane Traverse City, MI Step right into Massive Immediate Equity with this Stunning 5.36 Acre 2019 Built Contempor...	4 beds \| 4 baths \| 2,988 sq.ft.	$750,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.33% Airbnb Rental Income: $null Traditional Rental Income: $3861 Airbnb ROI: N/A Traditional ROI: 3.33%
908 Sienna Street Traverse City, MI Move-in ready 3-bedroom, 2-bathroom home in the sought-after Traditions neighborhood is re...	3 beds \| 2 baths \| 1,310 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $2269 Airbnb ROI: N/A Traditional ROI: 4.7%

Real Estate investment in Traverse-city, MI

There are 332 properties for sale in the city of Traverse City . The median list price in Traverse City is $524,000 and the average price per square foot is $283. In December 2025, the average monthly cash on cash return in Traverse City is 2.00%. The average monthly rental income in Traverse City is $2,212.

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

There are 332 investment properties available for sale in Traverse-city.

In 2025, 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 | N/A 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.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.8%

Airbnb Rental Income: $null

Traditional Rental Income: $2306

Airbnb ROI: N/A

Traditional ROI: 5.8%

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.

$300,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.33%

Airbnb Rental Income: $null

Traditional Rental Income: $1462

Airbnb ROI: N/A

Traditional ROI: 2.33%

3760 Five Mile Road

Traverse City, MI

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

$280,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.78%

Airbnb Rental Income: $null

Traditional Rental Income: $1869

Airbnb ROI: N/A

Traditional ROI: 4.78%

3808 Vale Drive

Traverse City, MI

2 beds | 1 baths | 906 sq.ft.

$197,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.11%

Airbnb Rental Income: $null

Traditional Rental Income: $1412

Airbnb ROI: N/A

Traditional ROI: 4.11%

438 Davis Street

Traverse City, MI

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