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
1872 Edson Drive Allegan, MI Welcome to this well-maintained tri-level home, offering a perfect blend of space, comfort...	3 beds \| 2 baths \| 2,155 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2526 Airbnb ROI: N/A Traditional ROI: 5.24%
4085 Wildwood Drive Allegan, MI A rare and remarkable offering on Lake Allegan, 4085 Wildwood Drive is more than a lake ho...	4 beds \| N/A baths \| 4,691 sq.ft.	$795,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 2.16% Airbnb Rental Income: $4835 Traditional Rental Income: $3458 Airbnb ROI: 2.68% Traditional ROI: 2.16%
1585 Richards Drive Allegan, MI Welcome to 1585 Richards Drive! This beautifully updated home sits on a nicely shaded lot ...	3 beds \| 2 baths \| 1,728 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.47% Airbnb Rental Income: $null Traditional Rental Income: $2405 Airbnb ROI: N/A Traditional ROI: 9.47%
53 26th Street Allegan, MI Welcome to 53 26th St, a well-maintained 3-bedroom, 2-bath home in the highly regarded Ots...	3 beds \| 2 baths \| 1,152 sq.ft.	$210,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.47% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 7.47%
2859 125th Avenue Allegan, MI Rare opportunity to own 36 acres of rolling, mature timber and wildlife habitat sitting at...	4 beds \| 2 baths \| 1,836 sq.ft.	$750,000	Airbnb cash on cash: 2.8% Traditional cash on cash: 1.26% Airbnb Rental Income: $4835 Traditional Rental Income: $2761 Airbnb ROI: 2.8% Traditional ROI: 1.26%
704 38th Street Allegan, MI Quaint Rancher! This 3BR and 2 bath Ranch is situated on nearly 10 acres of mostly wooded ...	3 beds \| 2 baths \| 1,173 sq.ft.	$242,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $1894 Airbnb ROI: N/A Traditional ROI: 5.29%
1274 42nd Street Allegan, MI Charming bungalow on 2 acres in the Allegan School District. Step into this cozy 2 bedroom...	2 beds \| 1 baths \| 1,237 sq.ft.	$235,000	Airbnb cash on cash: 4.68% Traditional cash on cash: 4.5% Airbnb Rental Income: $2210 Traditional Rental Income: $1612 Airbnb ROI: 4.68% Traditional ROI: 4.5%
1780 39th Street Allegan, MI Completely renovated contemporary home on a wooded .535 acre lot just minutes from Lake Al...	4 beds \| 2 baths \| 2,035 sq.ft.	$379,900	Airbnb cash on cash: 8.32% Traditional cash on cash: 3.9% Airbnb Rental Income: $4835 Traditional Rental Income: $2268 Airbnb ROI: 8.32% Traditional ROI: 3.9%
1084 38th Street Allegan, MI Welcome to your dream home situated on 74.85 acres of serene land in Allegan Michigan. Thi...	5 beds \| N/A baths \| 3,860 sq.ft.	$1,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.48% Airbnb Rental Income: $null Traditional Rental Income: $3664 Airbnb ROI: N/A Traditional ROI: 1.48%
3712 Schermerhorn Lake Drive Allegan, MI Welcome to this beautifully maintained, nearly-new home in a serene wooded setting, offeri...	2 beds \| N/A baths \| 1,048 sq.ft.	$350,000	Airbnb cash on cash: 3.17% Traditional cash on cash: 3.71% Airbnb Rental Income: $2210 Traditional Rental Income: $1829 Airbnb ROI: 3.17% Traditional ROI: 3.71%
3469 Oak Branch Court Allegan, MI GREAT FIND: Fine Home-Compare this one to a NEW HOME, and you will be surprised to the qua...	3 beds \| 2 baths \| 2,461 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2948 Airbnb ROI: N/A Traditional ROI: 5.24%
3570 109th Avenue Allegan, MI Welcome to your private retreat! This endearing 3-bedroom, 2-bath home sits on almost 10 s...	3 beds \| 2 baths \| 1,012 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.54% Airbnb Rental Income: $null Traditional Rental Income: $1742 Airbnb ROI: N/A Traditional ROI: 7.54%
3537 Lake Ridge Lane Allegan, MI Tucked away at the end of a quiet, private road, this secluded 3,200 sq. ft. ranch home of...	3 beds \| 4 baths \| 3,200 sq.ft.	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.94% Airbnb Rental Income: $null Traditional Rental Income: $4053 Airbnb ROI: N/A Traditional ROI: 5.94%
4338 110th Avenue Allegan, MI Unique opportunity!! Two Bedroom/one Bath efficiency house with and additional 2br/1bath d...	2 beds \| 1 baths \| 900 sq.ft.	$147,500	Airbnb cash on cash: 9.06% Traditional cash on cash: 7.87% Airbnb Rental Income: $2210 Traditional Rental Income: $1485 Airbnb ROI: 9.06% Traditional ROI: 7.87%
3970 Allegan Dam Road Allegan, MI Stunning Lake Allegan! Ranch walkout features sunken family room with fireplace, built-ins...	4 beds \| 2 baths \| 3,233 sq.ft.	$649,000	Airbnb cash on cash: 3.93% Traditional cash on cash: 3.25% Airbnb Rental Income: $4835 Traditional Rental Income: $3429 Airbnb ROI: 3.93% Traditional ROI: 3.25%
521 Trowbridge Street Allegan, MI Step into this beautiful home that blends timeless charm with modern updates. Original woo...	5 beds \| 3 baths \| 3,084 sq.ft.	$314,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.66% Airbnb Rental Income: $null Traditional Rental Income: $3400 Airbnb ROI: N/A Traditional ROI: 8.66%
1762 118th Avenue Allegan, MI 37.4 Acres Hopkins School District. This 2019 ranch home sets down a winding driveway and ...	3 beds \| 2 baths \| 2,339 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.94% Airbnb Rental Income: $null Traditional Rental Income: $2868 Airbnb ROI: N/A Traditional ROI: 2.94%
2707 118th Avenue Allegan, MI Tired of the hustle? Welcome to your countryside haven. This 3-bedroom, 2-bath home sits o...	3 beds \| 2 baths \| 1,560 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.05% Airbnb Rental Income: $null Traditional Rental Income: $2247 Airbnb ROI: N/A Traditional ROI: 8.05%
923 Armintrout Ridge Court Allegan, MI Ask about Zero Down / No PMI mortgage option. Two-story saltbox-style home on a scenic lot...	3 beds \| 2 baths \| 1,462 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2769 Airbnb ROI: N/A Traditional ROI: 7.03%
126 Goodwin Street Allegan, MI Brand new construction offering 3 bedrooms and 2 1/2 baths, thoughtfully designed for mode...	3 beds \| N/A baths \| 1,536 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.17% Airbnb Rental Income: $null Traditional Rental Income: $2745 Airbnb ROI: N/A Traditional ROI: 7.17%
3310 Dumont Lake Drive Allegan, MI Looking for your own affordable lake retreat? This charming home sits on a spacious double...	2 beds \| 1 baths \| 1,260 sq.ft.	$169,900	Airbnb cash on cash: 6.88% Traditional cash on cash: 6.57% Airbnb Rental Income: $2210 Traditional Rental Income: $1602 Airbnb ROI: 6.88% Traditional ROI: 6.57%
1269 Highland Court Allegan, MI Welcome to this lovely ranch home at 1269 Highland Court in Allegan! Built in 1967, this 2...	2 beds \| 3 baths \| 1,209 sq.ft.	$255,000	Airbnb cash on cash: 4.67% Traditional cash on cash: 7.8% Airbnb Rental Income: $2210 Traditional Rental Income: $2407 Airbnb ROI: 4.67% Traditional ROI: 7.8%
4477 104th Avenue Allegan, MI 38.85 acre hobby farm featuring cozy 3 bed 1 bath home with brazilian tigerwood flooring a...	3 beds \| 1 baths \| 2,026 sq.ft.	$599,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.98% Airbnb Rental Income: $null Traditional Rental Income: $1962 Airbnb ROI: N/A Traditional ROI: 1.98%
1527 Fern Street Allegan, MI Charming home with over 1,200 finished square feet, including a cozy four-season room over...	2 beds \| 2 baths \| 1,251 sq.ft.	$215,000	Airbnb cash on cash: 6.16% Traditional cash on cash: 7.43% Airbnb Rental Income: $2210 Traditional Rental Income: $1912 Airbnb ROI: 6.16% Traditional ROI: 7.43%
1832 30th Street Allegan, MI Welcome Home! This charming 3-bedroom, 1-bath home nestled on a spacious 1-acre lot, offer...	3 beds \| 1 baths \| 1,580 sq.ft.	$320,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $1923 Airbnb ROI: N/A Traditional ROI: 4.45%
3216 Signal Point Drive Allegan, MI Quality new construction at an affordable price! Experience modern living in this stunning...	2 beds \| 2 baths \| 1,125 sq.ft.	$327,900	Airbnb cash on cash: 2.54% Traditional cash on cash: 4.1% Airbnb Rental Income: $2210 Traditional Rental Income: $2136 Airbnb ROI: 2.54% Traditional ROI: 4.1%
123 Terrace Street Allegan, MI Charming 3-bedroom, 1-bath home with over 1,500 finished square feet. The open-concept lay...	3 beds \| 1 baths \| 1,528 sq.ft.	$205,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.86% Airbnb Rental Income: $null Traditional Rental Income: $1970 Airbnb ROI: N/A Traditional ROI: 7.86%
3342 Dumont Lake Drive Allegan, MI Completely updated and ready for new owners! Situated perfectly along the west side of Dum...	2 beds \| 1 baths \| 944 sq.ft.	$265,000	Airbnb cash on cash: 4.75% Traditional cash on cash: 5.12% Airbnb Rental Income: $2210 Traditional Rental Income: $1745 Airbnb ROI: 4.75% Traditional ROI: 5.12%
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.	$499,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 0.86% Airbnb Rental Income: $1886 Traditional Rental Income: $1359 Airbnb ROI: 0.91% Traditional ROI: 0.86%
4330 Moore Road Allegan, MI Where rustic charm meets modern comfort. This tastefully updated 3-bedroom, 2-bath home fe...	3 beds \| 2 baths \| 1,160 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.72% Airbnb Rental Income: $null Traditional Rental Income: $1977 Airbnb ROI: N/A Traditional ROI: 8.72%
1880 118th Avenue Allegan, MI Great farm style home on 3.68 acres with mostly mowed wonderful lawn. This house features ...	3 beds \| 2 baths \| 1,740 sq.ft.	$294,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.72% Airbnb Rental Income: $null Traditional Rental Income: $2409 Airbnb ROI: N/A Traditional ROI: 6.72%
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%
2116 Appy Way Allegan, MI Hobby farm home in great location on cul-de-dac street between Allegan and Hamilton. Home ...	3 beds \| 2 baths \| 1,860 sq.ft.	$439,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $2474 Airbnb ROI: N/A Traditional ROI: 4.51%
215 James Street Allegan, MI UPDATE: HIGHEST AND BEST BY THURSDAY 10/23 at 5pm!!!! This 3-bedroom, 1-bath home offers p...	3 beds \| 1 baths \| 1,591 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.85% Airbnb Rental Income: $null Traditional Rental Income: $1891 Airbnb ROI: N/A Traditional ROI: 7.85%
910 Apple Ridge Court Allegan, MI Ask about Zero Down / No PMI mortgage option. Newly constructed bi-level home nestled on a...	2 beds \| 1 baths \| 1,120 sq.ft.	$309,900	Airbnb cash on cash: 2.83% Traditional cash on cash: 3.63% Airbnb Rental Income: $2210 Traditional Rental Income: $1887 Airbnb ROI: 2.83% Traditional ROI: 3.63%
3212 Signal Point Drive Allegan, MI Quality new construction at an affordable price! Experience modern living in this stunning...	2 beds \| N/A baths \| 1,170 sq.ft.	$327,900	Airbnb cash on cash: 2.54% Traditional cash on cash: 3.65% Airbnb Rental Income: $2210 Traditional Rental Income: $1995 Airbnb ROI: 2.54% Traditional ROI: 3.65%
108 Hudson Street Allegan, MI BACK ON MARKET AND PRICED WAY BELOW APPRAISAL! Due to an unexpected change of circumstance...	3 beds \| 1 baths \| 864 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.68% Airbnb Rental Income: $null Traditional Rental Income: $1603 Airbnb ROI: N/A Traditional ROI: 7.68%
4355 117th Avenue Allegan, MI Affordable 3 Bed, 2.5 Bath on Nearly 1 Acre - Valley Township. This manufactured home sits...	3 beds \| 2 baths \| 1,352 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.9% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 8.9%
3127 127th Avenue Allegan, MI Step into the enduring grace of this venerable farmhouse born in 1830, where generations h...	4 beds \| N/A baths \| 1,798 sq.ft.	$375,000	Airbnb cash on cash: 9.49% Traditional cash on cash: 4.91% Airbnb Rental Income: $4835 Traditional Rental Income: $2228 Airbnb ROI: 9.49% Traditional ROI: 4.91%
362 N Sherman Street Allegan, MI New construction home in River Ridge Village is over 400 sq larger than current comps and ...	2 beds \| 2 baths \| 1,798 sq.ft.	$329,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 3.81% Airbnb Rental Income: $2210 Traditional Rental Income: $2057 Airbnb ROI: 2.51% Traditional ROI: 3.81%

Real Estate investment in Allegan, MI

There are 50 properties for sale in the city of Allegan . The median list price in Allegan is $317,450 and the average price per square foot is $173. In December 2025, the average monthly cash on cash return in Allegan is 6.00%. The average monthly rental income in Allegan is $2,258.

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

There are 50 investment properties available for sale in Allegan.

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

The ROI for Short-Term is higher than the Long-Term in Allegan with average rental income of $2,210.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

1872 Edson Drive

Allegan, MI

3 beds | 2 baths | 2,155 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.24%

Airbnb Rental Income: $null

Traditional Rental Income: $2526

Airbnb ROI: N/A

Traditional ROI: 5.24%

4085 Wildwood Drive

Allegan, MI

4 beds | N/A baths | 4,691 sq.ft.

$795,000

Airbnb cash on cash: 2.68%

Traditional cash on cash: 2.16%

Airbnb Rental Income: $4835

Traditional Rental Income: $3458

Airbnb ROI: 2.68%

Traditional ROI: 2.16%

1585 Richards Drive

Allegan, MI

3 beds | 2 baths | 1,728 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.47%

Airbnb Rental Income: $null

Traditional Rental Income: $2405

Airbnb ROI: N/A

Traditional ROI: 9.47%

53 26th Street

Allegan, MI

3 beds | 2 baths | 1,152 sq.ft.

$210,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.47%

Airbnb Rental Income: $null

Traditional Rental Income: $1995

Airbnb ROI: N/A

Traditional ROI: 7.47%

2859 125th Avenue

Allegan, MI

4 beds | 2 baths | 1,836 sq.ft.

$750,000

Airbnb cash on cash: 2.8%

Traditional cash on cash: 1.26%

Airbnb Rental Income: $4835

Traditional Rental Income: $2761

Airbnb ROI: 2.8%

Traditional ROI: 1.26%

704 38th Street

Allegan, MI

3 beds | 2 baths | 1,173 sq.ft.

$242,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.29%

Airbnb Rental Income: $null

Traditional Rental Income: $1894

Airbnb ROI: N/A

Traditional ROI: 5.29%

1274 42nd Street

Allegan, MI

2 beds | 1 baths | 1,237 sq.ft.

$235,000

Airbnb cash on cash: 4.68%

Traditional cash on cash: 4.5%

Airbnb Rental Income: $2210

Traditional Rental Income: $1612

Airbnb ROI: 4.68%

Traditional ROI: 4.5%

1780 39th Street

Allegan, MI

4 beds | 2 baths | 2,035 sq.ft.

$379,900

Airbnb cash on cash: 8.32%

Traditional cash on cash: 3.9%

Airbnb Rental Income: $4835

Traditional Rental Income: $2268

Airbnb ROI: 8.32%