Real Estate Investment Properties for Sale in Algoma, WI

Looking for investment property in Algoma, WI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
N5978 W ALASKA LAKE Road Algoma, WI Experience the tranquility of West Alaska Lake with 217 feet of private shoreline adorned ...	2 beds \| 2 baths \| 1,546 sq.ft.	$499,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 3.3% Airbnb Rental Income: $737 Traditional Rental Income: $2491 Airbnb ROI: -1.12% Traditional ROI: 3.3%
94 E N WATER Street Algoma, WI Attention LAKE MICHIGAN Enthusiasts! This charming 4+ Bed/2 Bath Cape Cod is the perfect p...	4 beds \| 2 baths \| 1,726 sq.ft.	$215,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 9.41% Airbnb Rental Income: $1090 Traditional Rental Income: $2446 Airbnb ROI: 0.93% Traditional ROI: 9.41%
707 CLEVELAND Avenue Algoma, WI Charming 2BR/1BA 1.5 story home features a large living room w/ bay window, kitchen w/ app...	2 beds \| 1 baths \| 1,597 sq.ft.	$169,900	Airbnb cash on cash: -0.41% Traditional cash on cash: 6.77% Airbnb Rental Income: $737 Traditional Rental Income: $1587 Airbnb ROI: -0.41% Traditional ROI: 6.77%
308 CHURCH Street Algoma, WI Quaint home ready for a Buyer's vision for updates. New siding and windows in 2024, bathro...	2 beds \| 1 baths \| 691 sq.ft.	$100,000	Airbnb cash on cash: 0.68% Traditional cash on cash: 9.69% Airbnb Rental Income: $737 Traditional Rental Income: $1301 Airbnb ROI: 0.68% Traditional ROI: 9.69%
N6474 HWY 42 Algoma, WI Enjoy watching the sunrise, take in the expansive surroundings, and listen to the calming ...	3 beds \| 2 baths \| 1,312 sq.ft.	$379,900	Airbnb cash on cash: -0.47% Traditional cash on cash: 4.1% Airbnb Rental Income: $1027 Traditional Rental Income: $2297 Airbnb ROI: -0.47% Traditional ROI: 4.1%
E7009 Jackson Rd Algoma, WI Coming Soon (showings begin May 11) amazing country home just a mile over the Door County ...	4 beds \| 3 baths \| 4,140 sq.ft.	$625,000	Airbnb cash on cash: -0.99% Traditional cash on cash: 3.89% Airbnb Rental Income: $1090 Traditional Rental Income: $3566 Airbnb ROI: -0.99% Traditional ROI: 3.89%
409 3rd St Algoma, WI Great investment property located in Algoma. Updates include fresh paint as of last year. ...	7 beds \| 4 baths \| 2,800 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.38% Airbnb Rental Income: $null Traditional Rental Income: $3220 Airbnb ROI: N/A Traditional ROI: 8.38%
2622 Lake St Algoma, WI Experience tranquil lakefront luxury at Bell Harbour! This rare 2022 Showcase unit is just...	3 beds \| 2 baths \| 1,875 sq.ft.	$649,900	Airbnb cash on cash: -1.05% Traditional cash on cash: 3.06% Airbnb Rental Income: $1027 Traditional Rental Income: $3158 Airbnb ROI: -1.05% Traditional ROI: 3.06%
2614 Lake St Algoma, WI Welcome to The Waterfront Nantucket Nook on the shores of Lake Michigan! Sunrise, sand bea...	2 beds \| 2 baths \| 1,618 sq.ft.	$535,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 3.38% Airbnb Rental Income: $737 Traditional Rental Income: $2858 Airbnb ROI: -1.48% Traditional ROI: 3.38%
300 4th St Algoma, WI Beautiful, 3,000 sq ft penthouse on the top floor of the historic Netto Palazzo building. ...	1 beds \| 2 baths \| 15,000 sq.ft.	$284,900	Airbnb cash on cash: -1.41% Traditional cash on cash: 4% Airbnb Rental Income: $671 Traditional Rental Income: $1822 Airbnb ROI: -1.41% Traditional ROI: 4%
1105 FREMONT Street Algoma, WI This cute, recently updated Cape Cod home is perfectly situated in the vibrant community o...	3 beds \| 1 baths \| 1,173 sq.ft.	$224,900	Airbnb cash on cash: 1.08% Traditional cash on cash: 6.06% Airbnb Rental Income: $1027 Traditional Rental Income: $1727 Airbnb ROI: 1.08% Traditional ROI: 6.06%
1021 NAVARINO Street Algoma, WI Waterview without the price! Charming 1.5-story Cape Cod home in Algoma featuring 4-5 bedr...	5 beds \| 1 baths \| 2,137 sq.ft.	$214,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.81% Airbnb Rental Income: $null Traditional Rental Income: $1982 Airbnb ROI: N/A Traditional ROI: 6.81%
210 CLARK Street Algoma, WI This amazing house fetures 1,100 sq ft, 3-bedroom, 1-bathroom home built in 1946. Located ...	3 beds \| 1 baths \| 1,100 sq.ft.	$174,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 6.84% Airbnb Rental Income: $1027 Traditional Rental Income: $1630 Airbnb ROI: 1.06% Traditional ROI: 6.84%

Real Estate investment in Algoma, WI

There are 19 properties for sale in the city of Algoma . The median list price in Algoma is $284,900 and the average price per square foot is $101. In May 2026, the average monthly cash on cash return in Algoma is 2.00%. The average monthly rental income in Algoma is $958.

Algoma, WI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 19 investment properties available for sale in Algoma.

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

The ROI for Short-Term is higher than the Long-Term in Algoma with average rental income of $1,027.

Your search for investment property begins and ends here

Investment Property for Sale in Algoma, WI

N5978 W ALASKA LAKE Road

Algoma, WI

2 beds | 2 baths | 1,546 sq.ft.

$499,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 3.3%

Airbnb Rental Income: $737

Traditional Rental Income: $2491

Airbnb ROI: -1.12%

Traditional ROI: 3.3%

94 E N WATER Street

Algoma, WI

4 beds | 2 baths | 1,726 sq.ft.

$215,000

Airbnb cash on cash: 0.93%

Traditional cash on cash: 9.41%

Airbnb Rental Income: $1090

Traditional Rental Income: $2446

Airbnb ROI: 0.93%

Traditional ROI: 9.41%

707 CLEVELAND Avenue

Algoma, WI

2 beds | 1 baths | 1,597 sq.ft.

$169,900

Airbnb cash on cash: -0.41%

Traditional cash on cash: 6.77%

Airbnb Rental Income: $737

Traditional Rental Income: $1587

Airbnb ROI: -0.41%

Traditional ROI: 6.77%

308 CHURCH Street

Algoma, WI

2 beds | 1 baths | 691 sq.ft.

$100,000

Airbnb cash on cash: 0.68%

Traditional cash on cash: 9.69%

Airbnb Rental Income: $737

Traditional Rental Income: $1301

Airbnb ROI: 0.68%

Traditional ROI: 9.69%

N6474 HWY 42

Algoma, WI

3 beds | 2 baths | 1,312 sq.ft.

$379,900

Airbnb cash on cash: -0.47%

Traditional cash on cash: 4.1%

Airbnb Rental Income: $1027

Traditional Rental Income: $2297

Airbnb ROI: -0.47%

Traditional ROI: 4.1%

E7009 Jackson Rd

Algoma, WI

4 beds | 3 baths | 4,140 sq.ft.

$625,000

Airbnb cash on cash: -0.99%

Traditional cash on cash: 3.89%

Airbnb Rental Income: $1090

Traditional Rental Income: $3566

Airbnb ROI: -0.99%

Traditional ROI: 3.89%

409 3rd St

Algoma, WI

7 beds | 4 baths | 2,800 sq.ft.

$315,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.38%

Airbnb Rental Income: $null

Traditional Rental Income: $3220

Airbnb ROI: N/A

Traditional ROI: 8.38%

2622 Lake St

Algoma, WI

3 beds | 2 baths | 1,875 sq.ft.

$649,900

Airbnb cash on cash: -1.05%

Traditional cash on cash: 3.06%

Airbnb Rental Income: $1027

Traditional Rental Income: $3158

Airbnb ROI: -1.05%