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
800 4th St Algoma, WI 800 4th St, Algoma, WI 54201 \| Multi Family	6 beds \| 4 baths \| 3,226 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.38% Airbnb Rental Income: $null Traditional Rental Income: $3822 Airbnb ROI: N/A Traditional ROI: 10.38%
E7379 Washington Rd Algoma, WI The Captain's Cove...a stunning 4 bedroom, 4 bath home on the shores of Lake Michigan havi...	6 beds \| 3 baths \| 4,439 sq.ft.	$2,199,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.19% Airbnb Rental Income: $null Traditional Rental Income: $3639 Airbnb ROI: N/A Traditional ROI: -0.19%
County Rd S Algoma, WI County Rd S, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$616,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.67% Airbnb Rental Income: $null Traditional Rental Income: $766 Airbnb ROI: N/A Traditional ROI: -1.67%
Wilson Rd Algoma, WI Wilson Rd, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$352,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.46% Airbnb Rental Income: $null Traditional Rental Income: $878 Airbnb ROI: N/A Traditional ROI: -0.46%
Navarino St Algoma, WI Navarino St, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$49,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.64% Airbnb Rental Income: $null Traditional Rental Income: $768 Airbnb ROI: N/A Traditional ROI: 10.64%
1724 Jefferson St Algoma, WI 1724 Jefferson St, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$55,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $766 Airbnb ROI: N/A Traditional ROI: 9.36%
0 Walnut Rd Algoma, WI 0 Walnut Rd, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.12% Airbnb Rental Income: $null Traditional Rental Income: $766 Airbnb ROI: N/A Traditional ROI: 1.12%
Hwy 42 Algoma, WI Hwy 42, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.5% Airbnb Rental Income: $null Traditional Rental Income: $878 Airbnb ROI: N/A Traditional ROI: 0.5%
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.	$249,900	Airbnb cash on cash: -0.31% Traditional cash on cash: 4.69% Airbnb Rental Income: $997 Traditional Rental Income: $1822 Airbnb ROI: -0.31% Traditional ROI: 4.69%
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.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.84% Airbnb Rental Income: $null Traditional Rental Income: $3220 Airbnb ROI: N/A Traditional ROI: 8.84%
E7009 Jackson Rd Algoma, WI Amazing country home just a mile over the Door County line. Main level features a spacious...	4 beds \| 4 baths \| 4,140 sq.ft.	$625,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 3.89% Airbnb Rental Income: $1641 Traditional Rental Income: $3566 Airbnb ROI: -0.2% Traditional ROI: 3.89%
2614 LAKE Street 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: -1.36% Traditional cash on cash: 2.77% Airbnb Rental Income: $1178 Traditional Rental Income: $2858 Airbnb ROI: -1.36% Traditional ROI: 2.77%
2622 LAKE Street 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: -1.25% Traditional cash on cash: 2.55% Airbnb Rental Income: $1249 Traditional Rental Income: $3158 Airbnb ROI: -1.25% Traditional ROI: 2.55%
N8108 STATE RD 42 Algoma, WI Welcome to your modern farmhouse paradise! Set against breathtaking Ahnapee River views an...	3 beds \| 2 baths \| 1,733 sq.ft.	$379,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 5.02% Airbnb Rental Income: $1249 Traditional Rental Income: $2388 Airbnb ROI: 0.7% Traditional ROI: 5.02%
323 5TH Street Algoma, WI Within minutes of Lake Michigan is this interior remodeled 2-Family offering great income ...	N/A beds \| N/A baths \| 2,242 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.69% Airbnb Rental Income: $null Traditional Rental Income: $1529 Airbnb ROI: N/A Traditional ROI: 6.69%
E5108 W WILSON Road Algoma, WI Charming 3BR/1.5BA ranch on a 3.0 ac country lot! Fully-equipped kitchen w/ stainless appl...	3 beds \| 2 baths \| 1,581 sq.ft.	$329,900	Airbnb cash on cash: 0.59% Traditional cash on cash: 5.29% Airbnb Rental Income: $1249 Traditional Rental Income: $2310 Airbnb ROI: 0.59% Traditional ROI: 5.29%
625 KIRKLAND Avenue Algoma, WI Call Kirkland Ave Your BRAND-NEW Home! Quality is here in this 3 Bedroom Split Design, Mas...	3 beds \| 2 baths \| 1,530 sq.ft.	$459,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.22% Airbnb Rental Income: $1249 Traditional Rental Income: $2401 Airbnb ROI: 0.62% Traditional ROI: 4.22%
413 CARRIE LYNN Avenue Algoma, WI Look no further with this immaculately built NEW home! No detail has been overlooked in th...	3 beds \| 3 baths \| 1,561 sq.ft.	$459,900	Airbnb cash on cash: 0.69% Traditional cash on cash: 4.97% Airbnb Rental Income: $1249 Traditional Rental Income: $2698 Airbnb ROI: 0.69% Traditional ROI: 4.97%
N8938 WOLF RIVER Drive Algoma, WI Welcome to this farmette nestled on 5.6 peaceful acres, complete with a scenic pond & beau...	4 beds \| 2 baths \| 2,914 sq.ft.	$374,900	Airbnb cash on cash: 1.2% Traditional cash on cash: 5.59% Airbnb Rental Income: $1641 Traditional Rental Income: $2721 Airbnb ROI: 1.2% Traditional ROI: 5.59%
1529 CLARK Street Algoma, WI Spacious home in Algoma with plenty of room to fit your lifestyle! Enjoy cozy winter eveni...	3 beds \| 2 baths \| 2,627 sq.ft.	$345,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 5.51% Airbnb Rental Income: $1249 Traditional Rental Income: $2613 Airbnb ROI: 0.08% Traditional ROI: 5.51%
E5401 12TH Road Algoma, WI LIST PRICE IS $819,900 W/OPENING BID OF $500,000. Property may be sold any time prior to e...	4 beds \| 3 baths \| 4,505 sq.ft.	$819,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 2.89% Airbnb Rental Income: $1641 Traditional Rental Income: $3562 Airbnb ROI: -0.23% Traditional ROI: 2.89%
1215 NAVARINO Street Algoma, WI Character, charm, and a setting that's hard to find. This 4 bedroom, 2 full bath home is f...	4 beds \| 2 baths \| 1,744 sq.ft.	$215,000	Airbnb cash on cash: 3.75% Traditional cash on cash: 10.36% Airbnb Rental Income: $1641 Traditional Rental Income: $2526 Airbnb ROI: 3.75% Traditional ROI: 10.36%
1614 Dawn St Algoma, WI 1614 Dawn St, Algoma, WI 54201 \| Single Family Residential	3 beds \| 1 baths \| 1,796 sq.ft.	$274,900	Airbnb cash on cash: 0.1% Traditional cash on cash: 3.37% Airbnb Rental Income: $1249 Traditional Rental Income: $1699 Airbnb ROI: 0.1% Traditional ROI: 3.37%
N8108 Hwy 42 Algoma, WI N8108 Hwy 42, Algoma, WI 54201 \| Single Family Residential	3 beds \| 2 baths \| 1,733 sq.ft.	$379,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 3.29% Airbnb Rental Income: $1249 Traditional Rental Income: $2270 Airbnb ROI: -0.7% Traditional ROI: 3.29%
216 Lakeview Dr Algoma, WI 216 Lakeview Dr, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$69,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.54% Airbnb Rental Income: $null Traditional Rental Income: $878 Airbnb ROI: N/A Traditional ROI: 8.54%
E5425 State Rd 54 Algoma, WI E5425 State Rd 54, Algoma, WI 54201 \| Other	N/A beds \| N/A baths \| N/A	$219,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.95% Airbnb Rental Income: $null Traditional Rental Income: $878 Airbnb ROI: N/A Traditional ROI: 0.95%

Real Estate investment in Algoma, WI

There are 26 properties for sale in the city of Algoma . The median list price in Algoma is $209,892 and the average price per square foot is $66. In June 2026, the average monthly cash on cash return in Algoma is 2.00%. The average monthly rental income in Algoma is $919.

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

There are 26 investment properties available for sale in Algoma.

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

The ROI for Long-Term is higher than the Short-Term in Algoma with average rental income of $919.

Your search for investment property begins and ends here

Investment Property for Sale in Algoma, WI

800 4th St

Algoma, WI

6 beds | 4 baths | 3,226 sq.ft.

$299,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.38%

Airbnb Rental Income: $null

Traditional Rental Income: $3822

Airbnb ROI: N/A

Traditional ROI: 10.38%

E7379 Washington Rd

Algoma, WI

6 beds | 3 baths | 4,439 sq.ft.

$2,199,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.19%

Airbnb Rental Income: $null

Traditional Rental Income: $3639

Airbnb ROI: N/A

Traditional ROI: -0.19%

County Rd S

Algoma, WI

N/A beds | N/A baths | N/A

$616,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.67%

Airbnb Rental Income: $null

Traditional Rental Income: $766

Airbnb ROI: N/A

Traditional ROI: -1.67%

Wilson Rd

Algoma, WI

N/A beds | N/A baths | N/A

$352,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.46%

Airbnb Rental Income: $null

Traditional Rental Income: $878

Airbnb ROI: N/A

Traditional ROI: -0.46%

Navarino St

Algoma, WI

N/A beds | N/A baths | N/A

$49,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.64%

Airbnb Rental Income: $null

Traditional Rental Income: $768

Airbnb ROI: N/A

Traditional ROI: 10.64%

1724 Jefferson St

Algoma, WI

N/A beds | N/A baths | N/A

$55,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $766

Airbnb ROI: N/A

Traditional ROI: 9.36%

0 Walnut Rd

Algoma, WI

N/A beds | N/A baths | N/A

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 1.12%

Airbnb Rental Income: $null

Traditional Rental Income: $766

Airbnb ROI: N/A

Traditional ROI: 1.12%

Hwy 42

Algoma, WI

N/A beds | N/A baths | N/A

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.5%

Airbnb Rental Income: $null

Traditional Rental Income: $878

Airbnb ROI: N/A