Real Estate Investment Properties for Sale in Allegan, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1812 Tomahawk Trail Allegan, MI Enjoy summer breezes and beautiful sunsets with access to Lake Allegan!! Spacious living r...	4 beds \| 3 baths \| 1,770 sq.ft.	$344,900	Airbnb cash on cash: 3.34% Traditional cash on cash: 6.78% Airbnb Rental Income: $2471 Traditional Rental Income: $2982 Airbnb ROI: 3.34% Traditional ROI: 6.78%
2516 Vanhorn Court Allegan, MI A fantastic home ready to become your new lake living serenity. This expansive home offers...	4 beds \| 5 baths \| 3,238 sq.ft.	$509,900	Airbnb cash on cash: 1.5% Traditional cash on cash: 9.13% Airbnb Rental Income: $2471 Traditional Rental Income: $5510 Airbnb ROI: 1.5% Traditional ROI: 9.13%
553 Ely Street Allegan, MI Charming home at an affordable price! This 3-bedroom, 2-bath home offers a functional layo...	3 beds \| 2 baths \| 1,492 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.37% Airbnb Rental Income: $null Traditional Rental Income: $2249 Airbnb ROI: N/A Traditional ROI: 8.37%
3108 Dumont Road Allegan, MI Welcome to 3108 Dumont Rd. 4.95 picturesque acres, this log cabin offers over 3,800 sq ft ...	3 beds \| 2 baths \| 3,860 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.14% Airbnb Rental Income: $null Traditional Rental Income: $2420 Airbnb ROI: N/A Traditional ROI: 4.14%
221 Bridge Road Allegan, MI Step into this beautifully updated 2 bedroom, 1 bath home, that has been thoughtfully reno...	2 beds \| 1 baths \| 1,040 sq.ft.	$255,000	Airbnb cash on cash: 1.87% Traditional cash on cash: 2.89% Airbnb Rental Income: $1630 Traditional Rental Income: $1415 Airbnb ROI: 1.87% Traditional ROI: 2.89%
425 S Cedar Street Allegan, MI This home qualifies for $10k 'Home Assist Grant' to qualified buyers! Welcome Home to this...	3 beds \| 1 baths \| 1,600 sq.ft.	$169,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $1829 Airbnb ROI: N/A Traditional ROI: 8.51%
1751 Tom Nolan Road Allegan, MI HUD Home. Nice 3 bedroom ranch on a 1/3 acre lot deep in the woods in a secluded lake neig...	3 beds \| 2 baths \| 1,226 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.34% Airbnb Rental Income: $null Traditional Rental Income: $1972 Airbnb ROI: N/A Traditional ROI: 8.34%
827 Williams Road Allegan, MI Welcome home to 827 Williams Road in Allegan! This beautifully maintained 3-bedroom ranch ...	3 beds \| 1 baths \| 1,888 sq.ft.	$379,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.9% Airbnb Rental Income: $null Traditional Rental Income: $1212 Airbnb ROI: N/A Traditional ROI: 0.9%
659 Academy Street Allegan, MI Welcome to this beautifully updated, turnkey ranch tucked away on a quiet street in the Ci...	3 beds \| 1 baths \| 1,577 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.26% Airbnb Rental Income: $null Traditional Rental Income: $1177 Airbnb ROI: N/A Traditional ROI: 2.26%
3509 Lake Allegan Drive Allegan, MI Embrace the ultimate lakefront lifestyle just in time for summer on the spectacular 1,600 ...	4 beds \| 2 baths \| 2,062 sq.ft.	$624,900	Airbnb cash on cash: 0.83% Traditional cash on cash: 0.87% Airbnb Rental Income: $2471 Traditional Rental Income: $1896 Airbnb ROI: 0.83% Traditional ROI: 0.87%
1286 Bridge Road Allegan, MI All Offers will be reviewed on 7/2/26 at 5PM THIS IS IT! Your ultimate private waterfron...	4 beds \| 3 baths \| 3,140 sq.ft.	$514,900	Airbnb cash on cash: 1.95% Traditional cash on cash: 5.21% Airbnb Rental Income: $2471 Traditional Rental Income: $3442 Airbnb ROI: 1.95% Traditional ROI: 5.21%
417 Monroe Street Allegan, MI Step into this beautifully well-maintained home in the heart of Allegan, offering the perf...	3 beds \| 1 baths \| 1,392 sq.ft.	$245,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.32% Airbnb Rental Income: $null Traditional Rental Income: $1871 Airbnb ROI: N/A Traditional ROI: 5.32%
226 Monroe Street Allegan, MI This charming 3-bedroom, 1-bath home is packed with character and ready for its next chapt...	3 beds \| 1 baths \| 1,610 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.11% Airbnb Rental Income: $null Traditional Rental Income: $1793 Airbnb ROI: N/A Traditional ROI: 10.11%
4579 W 110th Avenue Allegan, MI Welcome to this charming home at 4579 W 110th Ave. This inviting residence features a spac...	3 beds \| 1 baths \| 1,364 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 4.79%
2529 Miner Lake Drive Allegan, MI Discover this beautifully updated 3-season cottage with 83 feet of sandy-bottom Miner Lake...	1 beds \| 1 baths \| 641 sq.ft.	$429,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.16% Airbnb Rental Income: $null Traditional Rental Income: $1359 Airbnb ROI: N/A Traditional ROI: 1.16%
3189 125th Avenue Allegan, MI Welcome to 3189 125th Ave, a beautifully preserved farmhouse that is rich in history and f...	3 beds \| 2 baths \| 1,734 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.09% Airbnb Rental Income: $null Traditional Rental Income: $2655 Airbnb ROI: N/A Traditional ROI: 3.09%
360 N Sherman Street Allegan, MI New home in River Ridge Village, Allegan SD just completed. This thoughtfully designed two...	4 beds \| 3 baths \| 1,910 sq.ft.	$334,900	Airbnb cash on cash: 4.49% Traditional cash on cash: 5.79% Airbnb Rental Income: $2471 Traditional Rental Income: $2280 Airbnb ROI: 4.49% Traditional ROI: 5.79%
362 N Sherman Street Allegan, MI New home ready NOW in River Ridge Village in Allegan school district. Quick possession. Th...	2 beds \| 3 baths \| 1,798 sq.ft.	$319,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 4% Airbnb Rental Income: $1630 Traditional Rental Income: $2057 Airbnb ROI: 1.05% Traditional ROI: 4%
2303 38th Street Allegan, MI Have you ever dreamed of living in a castle? Inspired by the 15th century gothic period bu...	5 beds \| 4 baths \| 7,529 sq.ft.	$2,095,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.12% Airbnb Rental Income: $null Traditional Rental Income: $3845 Airbnb ROI: N/A Traditional ROI: 0.12%
1841 Teepee Trail Allegan, MI Welcome to this updated 1 bedroom/1 bathroom home in Indian Shores community, with deeded ...	1 beds \| 1 baths \| 918 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.45% Airbnb Rental Income: $null Traditional Rental Income: $1538 Airbnb ROI: N/A Traditional ROI: 6.45%
370 Sherman Street Allegan, MI New construction home in River Ridge Village, Allegan SD. This distinctive two-story home ...	5 beds \| 3 baths \| 2,083 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.51% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 7.51%
223 North Street Allegan, MI Step into the perfect blend of timeless character and modern comfort in this beautifully r...	3 beds \| 2 baths \| 1,470 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.02% Airbnb Rental Income: $null Traditional Rental Income: $2327 Airbnb ROI: N/A Traditional ROI: 7.02%
2523 Vanhorn Court Allegan, MI Miner lake access with two dedicated dock spaces!! Don't miss this rare opportunity to hav...	4 beds \| 3 baths \| 1,564 sq.ft.	$700,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 2.38% Airbnb Rental Income: $2471 Traditional Rental Income: $2905 Airbnb ROI: 0.79% Traditional ROI: 2.38%
3680 Allegan Dam Road Allegan, MI Very Spacious Home With Huge Closets ! Over 2400 Sq Ft Of Ranch Home Sitting On About Thre...	3 beds \| 4 baths \| 2,400 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.01% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A Traditional ROI: 6.01%
4328 105th Avenue Allegan, MI Welcome to your own slice of space and serenity on nearly 4 acres in Allegan. Tucked into ...	4 beds \| 3 baths \| 1,976 sq.ft.	$252,000	Airbnb cash on cash: 5.59% Traditional cash on cash: 9.84% Airbnb Rental Income: $2471 Traditional Rental Income: $2883 Airbnb ROI: 5.59% Traditional ROI: 9.84%
466 27th Street Allegan, MI Unique opportunity to own a Organic blueberry operation complete with gas and mineral righ...	3 beds \| 1 baths \| 1,384 sq.ft.	$1,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.3% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 0.3%
3511 Lake Allegan Drive Allegan, MI 2 bed, 2 full bath home with frontage on beautiful Lake Allegan! Enjoy stunning lake views...	2 beds \| 2 baths \| 1,040 sq.ft.	$299,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 4.72% Airbnb Rental Income: $1630 Traditional Rental Income: $1934 Airbnb ROI: 2.01% Traditional ROI: 4.72%
4232 117th Avenue Allegan, MI Charming 3-bedroom, 2-bath home on 1 acre surrounded by mature trees and natural beauty. T...	3 beds \| 2 baths \| 1,547 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5% Airbnb Rental Income: $null Traditional Rental Income: $2233 Airbnb ROI: N/A Traditional ROI: 5%
2545 Lorraine Drive Allegan, MI Experience modern comfort in this stunning 2-bedroom, 3-full-bath barndominium in Allegan ...	2 beds \| 3 baths \| 2,250 sq.ft.	$585,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.54% Airbnb Rental Income: $1630 Traditional Rental Income: $3296 Airbnb ROI: -0.35% Traditional ROI: 3.54%
3545 115th Avenue Allegan, MI Welcome to 3545 115th Ave in Allegan, where fresh updates, extra space, and a peaceful set...	4 beds \| 2 baths \| 1,488 sq.ft.	$310,000	Airbnb cash on cash: 3.92% Traditional cash on cash: 5.46% Airbnb Rental Income: $2471 Traditional Rental Income: $2321 Airbnb ROI: 3.92% Traditional ROI: 5.46%
223 N Walnut Street Allegan, MI This historic home showcases timeless character and classic features that truly transport ...	3 beds \| 2 baths \| 2,575 sq.ft.	$278,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.5% Airbnb Rental Income: $null Traditional Rental Income: $2624 Airbnb ROI: N/A Traditional ROI: 6.5%
4206 S Shore Drive Allegan, MI Welcome to 4206 S Shore Dr! This cozy one bed one bath home is a perfect summer retreat! T...	1 beds \| 1 baths \| 532 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.52% Airbnb Rental Income: $null Traditional Rental Income: $1273 Airbnb ROI: N/A Traditional ROI: 8.52%
215 N Cedar Street Allegan, MI A Victorian Masterpiece in Allegan's Historic District. This stunning Victorian beauty, ne...	4 beds \| 2 baths \| 2,821 sq.ft.	$294,900	Airbnb cash on cash: 4.75% Traditional cash on cash: 8.4% Airbnb Rental Income: $2471 Traditional Rental Income: $2884 Airbnb ROI: 4.75% Traditional ROI: 8.4%
3450 Snow Farm Lane Allegan, MI PRICE REDUCED! Exceptional lakefront retreat on nearly 5 private acres with 279 feet of fr...	5 beds \| 4 baths \| 3,502 sq.ft.	$1,340,590	Airbnb cash on cash: N/A Traditional cash on cash: 1.73% Airbnb Rental Income: $null Traditional Rental Income: $4612 Airbnb ROI: N/A Traditional ROI: 1.73%
3220 Fairhaven Drive Allegan, MI Dreaming of living on the water? This beautiful ranch style home in Allegan has the perfec...	4 beds \| 4 baths \| 3,652 sq.ft.	$575,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 6.16% Airbnb Rental Income: $2471 Traditional Rental Income: $4294 Airbnb ROI: 1.64% Traditional ROI: 6.16%
3379 S Spec Lake Drive Allegan, MI Welcome to your waterfront living on Big Spec Lake! Manufactured home situated in quiet an...	1 beds \| 1 baths \| 1,008 sq.ft.	$224,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $1572 Airbnb ROI: N/A Traditional ROI: 5.29%
4137 Monroe Road Allegan, MI Set gracefully beyond a long, tree-lined drive, this extraordinary residence offers a kind...	5 beds \| 3 baths \| 3,329 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $3398 Airbnb ROI: N/A Traditional ROI: 4.52%
361 N Sherman Street Allegan, MI New construction home in River Ridge Village in the Allegan School District. This distinct...	5 beds \| 3 baths \| 2,083 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.68% Airbnb Rental Income: $null Traditional Rental Income: $3116 Airbnb ROI: N/A Traditional ROI: 7.68%
2535 Miner Lake Drive Allegan, MI Miner Lake Waterfront. 65' of frontage on All Sports Miner Lake. Beautiful views of the La...	4 beds \| 3 baths \| 3,145 sq.ft.	$700,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 3.53% Airbnb Rental Income: $2471 Traditional Rental Income: $3589 Airbnb ROI: 0.9% Traditional ROI: 3.53%
315 N Main Street Allegan, MI Great home in the heart of Allegan features 3 bedrooms and 2 1/2 bathrooms. Large kitchen ...	3 beds \| 3 baths \| 2,008 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.84% Airbnb Rental Income: $null Traditional Rental Income: $2822 Airbnb ROI: N/A Traditional ROI: 7.84%

Real Estate investment in Allegan, MI

There are 89 properties for sale in the city of Allegan . The median list price in Allegan is $222,367 and the average price per square foot is $122. In July 2026, the average monthly cash on cash return in Allegan is 5.00%. The average monthly rental income in Allegan is $2,129.

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

There are 89 investment properties available for sale in Allegan.

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

The ROI for Long-Term is higher than the Short-Term in Allegan with average rental income of $2,129.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

1812 Tomahawk Trail

Allegan, MI

4 beds | 3 baths | 1,770 sq.ft.

$344,900

Airbnb cash on cash: 3.34%

Traditional cash on cash: 6.78%

Airbnb Rental Income: $2471

Traditional Rental Income: $2982

Airbnb ROI: 3.34%

Traditional ROI: 6.78%

2516 Vanhorn Court

Allegan, MI

4 beds | 5 baths | 3,238 sq.ft.

$509,900

Airbnb cash on cash: 1.5%

Traditional cash on cash: 9.13%

Airbnb Rental Income: $2471

Traditional Rental Income: $5510

Airbnb ROI: 1.5%

Traditional ROI: 9.13%

553 Ely Street

Allegan, MI

3 beds | 2 baths | 1,492 sq.ft.

$210,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.37%

Airbnb Rental Income: $null

Traditional Rental Income: $2249

Airbnb ROI: N/A

Traditional ROI: 8.37%

3108 Dumont Road

Allegan, MI

3 beds | 2 baths | 3,860 sq.ft.

$449,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.14%

Airbnb Rental Income: $null

Traditional Rental Income: $2420

Airbnb ROI: N/A

Traditional ROI: 4.14%

221 Bridge Road

Allegan, MI

2 beds | 1 baths | 1,040 sq.ft.

$255,000

Airbnb cash on cash: 1.87%

Traditional cash on cash: 2.89%

Airbnb Rental Income: $1630

Traditional Rental Income: $1415

Airbnb ROI: 1.87%

Traditional ROI: 2.89%

425 S Cedar Street

Allegan, MI

3 beds | 1 baths | 1,600 sq.ft.

$169,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.51%

Airbnb Rental Income: $null

Traditional Rental Income: $1829

Airbnb ROI: N/A

Traditional ROI: 8.51%

1751 Tom Nolan Road

Allegan, MI

3 beds | 2 baths | 1,226 sq.ft.

$175,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.34%

Airbnb Rental Income: $null

Traditional Rental Income: $1972

Airbnb ROI: N/A

Traditional ROI: 8.34%

827 Williams Road

Allegan, MI

3 beds | 1 baths | 1,888 sq.ft.

$379,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.9%

Airbnb Rental Income: $null

Traditional Rental Income: $1212

Airbnb ROI: N/A