Real Estate Investment Properties for Sale in Wallace, MI

Looking for investment property in Wallace, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
W6122 County Road 346 Wallace, MI Wallace MI home on 31.59 wooded acres and two deer sands. Home was completely gutted in 20...	2 beds \| 1 baths \| 1,162 sq.ft.	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $1755 Airbnb ROI: N/A Traditional ROI: 5.46%
1040 M35 Wallace, MI Escape to this stunning lakeside retreat on the Great Lakes, where breathtaking sunrises, ...	3 beds \| 3 baths \| 1,701 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.53% Airbnb Rental Income: $null Traditional Rental Income: $3145 Airbnb ROI: N/A Traditional ROI: 7.53%
N3831 County Road 577 Wallace, MI This one-owner, spacious raised ranch home in Wallace, MI is situated on 16.8 acres. This ...	5 beds \| 2 baths \| 2,988 sq.ft.	$399,999	Airbnb cash on cash: 5.49% Traditional cash on cash: 5.79% Airbnb Rental Income: $3521 Traditional Rental Income: $2857 Airbnb ROI: 5.49% Traditional ROI: 5.79%
W5488 County Road 342 Wallace, MI Wallace , MI - 3 bed, 1 bath charming country ranch on 20 wooded acres. Home offers update...	3 beds \| 1 baths \| 1,252 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.32% Airbnb Rental Income: $null Traditional Rental Income: $1956 Airbnb ROI: N/A Traditional ROI: 6.32%
Investment Properties for Sale in Other Cities of Michigan
13523 Faust Avenue Detroit , MI Charming Brick Bungalow Near Detroitâs Grandmont Area Donât miss this well-maintained...	2 beds \| 1 baths \| 1,098 sq.ft.	$120,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 9.42% Airbnb Rental Income: $675 Traditional Rental Income: $1438 Airbnb ROI: 0.23% Traditional ROI: 9.42%
940 Monroe Avenue NW #549 Grand Rapids , MI Welcome to the top floor at Boardwalk Condo's - easy and convenient living at its finest! ...	2 beds \| 2 baths \| 1,315 sq.ft.	$364,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 1.76% Airbnb Rental Income: $1894 Traditional Rental Income: $2368 Airbnb ROI: -1.1% Traditional ROI: 1.76%
820 Hazel Street Birmingham , MI Experience elevated living in this custom-built, all-brick home in the triangle district. ...	4 beds \| 5 baths \| 3,728 sq.ft.	$1,650,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.75% Airbnb Rental Income: $null Traditional Rental Income: $4680 Airbnb ROI: N/A Traditional ROI: 0.75%
322 E HARRISON Avenue #18 Royal Oak , MI Nestled in the heart of Royal Oakâs industrial district, this stylish loft in the sought...	2 beds \| 2 baths \| 1,129 sq.ft.	$334,900	Airbnb cash on cash: -1.88% Traditional cash on cash: 0.98% Airbnb Rental Income: $1422 Traditional Rental Income: $1895 Airbnb ROI: -1.88% Traditional ROI: 0.98%
1769 W Warren Avenue Detroit , MI Investorâs Dream Opportunity in Detroit! Welcome to 1769 W Warren Ave, a beautifully ma...	5 beds \| 2 baths \| 2,238 sq.ft.	$399,999	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.05% Airbnb Rental Income: $792 Traditional Rental Income: $2131 Airbnb ROI: -0.38% Traditional ROI: 4.05%
600 Monroe Avenue NW #409 Grand Rapids , MI Modern Top-Floor Loft in Prime Downtown Grand Rapids Location Welcome to this stunning ...	1 beds \| 2 baths \| 1,110 sq.ft.	$299,900	Airbnb cash on cash: -1.75% Traditional cash on cash: 1.04% Airbnb Rental Income: $1349 Traditional Rental Income: $1724 Airbnb ROI: -1.75% Traditional ROI: 1.04%
2644 Maplewood Ann Arbor , MI Bungalow on tree canopied street in South East Ann Arbor. House extended in back to provid...	2 beds \| 2 baths \| 1,052 sq.ft.	$478,500	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.24% Airbnb Rental Income: $1255 Traditional Rental Income: $1779 Airbnb ROI: -0.82% Traditional ROI: 1.24%
1020 Miller Road Plainwell , MI Step back in time with this stunning 1857 colonial-style farmhouse on 3 private acres! One...	3 beds \| 2 baths \| 2,412 sq.ft.	$380,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2689 Airbnb ROI: N/A Traditional ROI: 5.01%
811 Fairmount Street SE Grand Rapids , MI Located in the heart of East Hills, this beautifully renovated 4-bedroom, 2-bath home offe...	4 beds \| 2 baths \| 2,159 sq.ft.	$399,900	Airbnb cash on cash: 3.18% Traditional cash on cash: 4.23% Airbnb Rental Income: $2612 Traditional Rental Income: $2382 Airbnb ROI: 3.18% Traditional ROI: 4.23%
2517 N Wilson Avenue Royal Oak , MI Welcome to 2517 N. Wilson Ave! This clean and well-maintained bungalow perfectly blends o...	3 beds \| 1 baths \| 1,032 sq.ft.	$335,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 2.23% Airbnb Rental Income: $1713 Traditional Rental Income: $1591 Airbnb ROI: 1.12% Traditional ROI: 2.23%
108 Henderson Place Cadillac , MI Even more adorable and cozy than it looks! This turn key tiny home is well built, is full ...	1 beds \| 1 baths \| 400 sq.ft.	$159,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 2.63% Airbnb Rental Income: $496 Traditional Rental Income: $735 Airbnb ROI: -0.73% Traditional ROI: 2.63%
549 Detroit Street Au Gres , MI Over 88' of frontage along the Au Gres River awaits with this riverfront property! Just a ...	2 beds \| 1 baths \| 1,248 sq.ft.	$234,900	Airbnb cash on cash: 2.17% Traditional cash on cash: 5.4% Airbnb Rental Income: $1508 Traditional Rental Income: $1785 Airbnb ROI: 2.17% Traditional ROI: 5.4%
2785 Island Lake Drive National City , MI Charming Cottage or Home on Big Island Lake. This home is in the seven lakes area which i...	2 beds \| 1 baths \| 848 sq.ft.	$199,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $1575 Airbnb ROI: N/A Traditional ROI: 5.87%

Real Estate investment in Wallace, MI

There are 4 properties for sale in the city of Wallace . The median list price in Wallace is $317,450 and the average price per square foot is $179. In September 2025, the average monthly cash on cash return in Wallace is 6.00%. The average monthly rental income in Wallace is $2,407.

Wallace, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 4 investment properties available for sale in Wallace.

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

The ROI for Long-Term is higher than the Short-Term in Wallace with average rental income of $2,407.

Your search for investment property begins and ends here

Investment Property for Sale in Wallace, MI

W6122 County Road 346

Wallace, MI

2 beds | 1 baths | 1,162 sq.ft.

$219,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.46%

Airbnb Rental Income: $null

Traditional Rental Income: $1755

Airbnb ROI: N/A

Traditional ROI: 5.46%

1040 M35

Wallace, MI

3 beds | 3 baths | 1,701 sq.ft.

$375,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.53%

Airbnb Rental Income: $null

Traditional Rental Income: $3145

Airbnb ROI: N/A

Traditional ROI: 7.53%

N3831 County Road 577

Wallace, MI

5 beds | 2 baths | 2,988 sq.ft.

$399,999

Airbnb cash on cash: 5.49%

Traditional cash on cash: 5.79%

Airbnb Rental Income: $3521

Traditional Rental Income: $2857

Airbnb ROI: 5.49%

Traditional ROI: 5.79%

W5488 County Road 342

Wallace, MI

3 beds | 1 baths | 1,252 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.32%

Airbnb Rental Income: $null

Traditional Rental Income: $1956

Airbnb ROI: N/A

Traditional ROI: 6.32%

Investment Properties for Sale in Other Cities of Michigan

Detroit , MI

2 beds | 1 baths | 1,098 sq.ft.

$120,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 9.42%

Airbnb Rental Income: $675

Traditional Rental Income: $1438

Airbnb ROI: 0.23%

Traditional ROI: 9.42%

Grand Rapids , MI

2 beds | 2 baths | 1,315 sq.ft.

$364,900

Airbnb cash on cash: -1.1%

Traditional cash on cash: 1.76%

Airbnb Rental Income: $1894

Traditional Rental Income: $2368

Airbnb ROI: -1.1%

Traditional ROI: 1.76%

Birmingham , MI

4 beds | 5 baths | 3,728 sq.ft.

$1,650,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.75%

Airbnb Rental Income: $null

Traditional Rental Income: $4680

Airbnb ROI: N/A

Traditional ROI: 0.75%

Royal Oak , MI

2 beds | 2 baths | 1,129 sq.ft.

$334,900

Airbnb cash on cash: -1.88%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $1422

Traditional Rental Income: $1895

Airbnb ROI: -1.88%

Traditional ROI: 0.98%

Detroit , MI

5 beds | 2 baths | 2,238 sq.ft.