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
4085 Wildwood Drive Allegan, MI A rare and remarkable offering on Lake Allegan, 4085 Wildwood Drive is more than a lake h...	4 beds \| 3 baths \| 4,691 sq.ft.	$795,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 2.16% Airbnb Rental Income: $5291 Traditional Rental Income: $3458 Airbnb ROI: 3.19% Traditional ROI: 2.16%
231 Monroe Street Allegan, MI Step inside this beautiful historic home where original charm meets modern updates. You'll...	3 beds \| 2 baths \| 1,648 sq.ft.	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.93% Airbnb Rental Income: $null Traditional Rental Income: $2450 Airbnb ROI: N/A Traditional ROI: 7.93%
111 Depot Hill Court Allegan, MI Condo living at Depot Hills. This condo features 2 bedrooms, 1 bath, open concept living ...	2 beds \| 1 baths \| 1,126 sq.ft.	$229,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 4.36% Airbnb Rental Income: $1390 Traditional Rental Income: $1961 Airbnb ROI: -0.19% Traditional ROI: 4.36%
1992 Limberlost Lane Allegan, MI Discover the perfect woodland retreat at 1992 Limberlost Lane, where quality construction ...	2 beds \| 1 baths \| 947 sq.ft.	$314,900	Airbnb cash on cash: 0.53% Traditional cash on cash: 3.55% Airbnb Rental Income: $1390 Traditional Rental Income: $1865 Airbnb ROI: 0.53% Traditional ROI: 3.55%
1735 39th Street Allegan, MI Nature loversâthis one's for you! Updated 3BR, 2BA manufactured home on 2.48 wooded acr...	3 beds \| 2 baths \| 1,200 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.26% Airbnb Rental Income: $null Traditional Rental Income: $2108 Airbnb ROI: N/A Traditional ROI: 8.26%
4379 117th Avenue Allegan, MI Come see this beautifully redone home sitting on just under an acre in Allegan! With n...	2 beds \| 2 baths \| N/A	$178,000	Airbnb cash on cash: 3.51% Traditional cash on cash: 7.75% Airbnb Rental Income: $1390 Traditional Rental Income: $1688 Airbnb ROI: 3.51% Traditional ROI: 7.75%
1749 Fairview Drive Allegan, MI Complete Tranquility! This nearly new 2950 sq ft, 4 bedroom 3 1/2 bath home is located in...	4 beds \| 4 baths \| 2,950 sq.ft.	$649,900	Airbnb cash on cash: 4.48% Traditional cash on cash: 2.75% Airbnb Rental Income: $5291 Traditional Rental Income: $3171 Airbnb ROI: 4.48% Traditional ROI: 2.75%
1005 41st Street Allegan, MI Country living! Enjoy the peaceful, serene land surrounding this walk-out ranch situated o...	2 beds \| 1 baths \| 1,784 sq.ft.	$219,900	Airbnb cash on cash: 2.07% Traditional cash on cash: 3% Airbnb Rental Income: $1390 Traditional Rental Income: $1163 Airbnb ROI: 2.07% Traditional ROI: 3%
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%
3065 Perch Drive Allegan, MI Discover this beautifully transformed diamond in the roughânow a secluded getaway on Mid...	2 beds \| 1 baths \| 869 sq.ft.	$325,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 2.17% Airbnb Rental Income: $1390 Traditional Rental Income: $1205 Airbnb ROI: 1.4% Traditional ROI: 2.17%
208 Robinson Street Allegan, MI Charming brick home located in the heart of Allegan. Interior features exposed brick accen...	3 beds \| 1 baths \| 1,232 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.77% Airbnb Rental Income: $null Traditional Rental Income: $1875 Airbnb ROI: N/A Traditional ROI: 7.77%
1084 38th Street Allegan, MI Welcome to your dream home situated on 74.85 acres of serene land in Allegan Michigan. Thi...	5 beds \| 4 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%
692 Lake 16 Drive Allegan, MI 692 Lake 16 Drive in Allegan, MI, is a three-bedroom, two-bathroom lakefront home. Located...	3 beds \| 2 baths \| 960 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.77% Airbnb Rental Income: $null Traditional Rental Income: $2013 Airbnb ROI: N/A Traditional ROI: 8.77%
177 Knapp Street Allegan, MI Rare opportunity to buy a duplex for under $200k. Both sides are 1 bed, 1 bath. Good pr...	N/A beds \| N/A baths \| N/A	$179,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 6.37% Airbnb Rental Income: $665 Traditional Rental Income: $1473 Airbnb ROI: -0.13% Traditional ROI: 6.37%
221 James Street Allegan, MI Take a look at this affordable home in the City of Allegan. Owner has made updates with ...	2 beds \| 1 baths \| 996 sq.ft.	$167,500	Airbnb cash on cash: 3.5% Traditional cash on cash: 6.6% Airbnb Rental Income: $1390 Traditional Rental Income: $1465 Airbnb ROI: 3.5% Traditional ROI: 6.6%
318 Cutler Street Allegan, MI Built in 1874 This beautiful Greek Revival style Historical home was used for the First Co...	5 beds \| 2 baths \| 2,936 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.24% Airbnb Rental Income: $null Traditional Rental Income: $2849 Airbnb ROI: N/A Traditional ROI: 7.24%
224 River Street Allegan, MI Welcome to this updated 3-bedroom, 1.5-bath home, perfectly located a short distance to Al...	3 beds \| 2 baths \| 1,536 sq.ft.	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.52% Airbnb Rental Income: $null Traditional Rental Income: $2290 Airbnb ROI: N/A Traditional ROI: 9.52%
1028 26th Street Allegan, MI PRICE REDUCTION on this new construction three bedroom, three bath modern farmhouse ho...	3 beds \| 3 baths \| 2,000 sq.ft.	$415,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.47% Airbnb Rental Income: $null Traditional Rental Income: $3241 Airbnb ROI: N/A Traditional ROI: 6.47%
3676 118th Avenue Allegan, MI Meticulously maintained custom built log home with 100' of Lake Allegan frontage. 4 bedro...	4 beds \| 4 baths \| 2,956 sq.ft.	$649,900	Airbnb cash on cash: 3.3% Traditional cash on cash: 3.33% Airbnb Rental Income: $5291 Traditional Rental Income: $4240 Airbnb ROI: 3.3% Traditional ROI: 3.33%
919 Armintrout Ridge Court Allegan, MI This is a 1.6 acre option with Lots 22 and 23 combined. See MLS #25013156 for single lot ...	3 beds \| 2 baths \| 1,514 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 3.81%
104 Highland Avenue Allegan, MI Price reduced on this amazing home with views of the north side of the Kalamazoo River in ...	5 beds \| 2 baths \| 1,962 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.12% Airbnb Rental Income: $null Traditional Rental Income: $2802 Airbnb ROI: N/A Traditional ROI: 6.12%
1376 24th Street Allegan, MI This property offers a unique blend of rural tranquility and proximity to downtown Allegan...	1 beds \| 1 baths \| 1,070 sq.ft.	$229,000	Airbnb cash on cash: 3.76% Traditional cash on cash: 4.83% Airbnb Rental Income: $1585 Traditional Rental Income: $1363 Airbnb ROI: 3.76% Traditional ROI: 4.83%
3367 Northview Lane Allegan, MI Enjoy stunning Kalamazoo River frontage at this well-maintained 4-bedroom, 2.5-bath home. ...	4 beds \| 3 baths \| 3,020 sq.ft.	$459,999	Airbnb cash on cash: 7.98% Traditional cash on cash: 6.56% Airbnb Rental Income: $5291 Traditional Rental Income: $3608 Airbnb ROI: 7.98% Traditional ROI: 6.56%
1077 Sun Valley Lane Allegan, MI Spacious 4-bedroom, 2-bath home on just under 3 acres! Inside, the open-concept layout is ...	4 beds \| 2 baths \| 1,604 sq.ft.	$399,999	Airbnb cash on cash: 9.11% Traditional cash on cash: 4.29% Airbnb Rental Income: $5291 Traditional Rental Income: $2413 Airbnb ROI: 9.11% Traditional ROI: 4.29%
3309 Dumont Lake Drive Allegan, MI Great Summer Cottage/Retreat Home On Popular Dumont Lake. Home Features Open Floor Plan, K...	2 beds \| 1 baths \| 960 sq.ft.	$359,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 2.58% Airbnb Rental Income: $1390 Traditional Rental Income: $1545 Airbnb ROI: 0.88% Traditional ROI: 2.58%
3469 Oak Branch Court Allegan, MI Welcome to this stunning 3-bedroom, 2-bathroom bi-level home nestled on 2.5 acres in the d...	3 beds \| 2 baths \| 2,461 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.1% Airbnb Rental Income: $null Traditional Rental Income: $2948 Airbnb ROI: N/A Traditional ROI: 5.1%
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 \| 900 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.35% Airbnb Rental Income: $null Traditional Rental Income: $1742 Airbnb ROI: N/A Traditional ROI: 7.35%
3687 111th Avenue Allegan, MI EVERYTHING NEW! Enjoy quiet country living and peace of mind in this remodeled home perfec...	2 beds \| 1 baths \| 720 sq.ft.	$154,000	Airbnb cash on cash: 4.33% Traditional cash on cash: 7.07% Airbnb Rental Income: $1390 Traditional Rental Income: $1372 Airbnb ROI: 4.33% Traditional ROI: 7.07%
3992 Grandview Avenue Allegan, MI Welcome to your lakeside retreat at 3992 Grandview Ave in Allegan, MI! This charming 4-bed...	4 beds \| 2 baths \| 2,020 sq.ft.	$425,000	Airbnb cash on cash: 8.87% Traditional cash on cash: 5.77% Airbnb Rental Income: $5291 Traditional Rental Income: $2987 Airbnb ROI: 8.87% Traditional ROI: 5.77%
1759 Grant Drive Allegan, MI	2 beds \| 1 baths \| 672 sq.ft.	$145,000	Airbnb cash on cash: 4.83% Traditional cash on cash: 7.14% Airbnb Rental Income: $1390 Traditional Rental Income: $1290 Airbnb ROI: 4.83% Traditional ROI: 7.14%
3589 Shoreline Drive Allegan, MI Tucked at the end of a private road on over 3.4 wooded acres with 700+ feet of prime Lake ...	4 beds \| 3 baths \| 3,426 sq.ft.	$1,300,000	Airbnb cash on cash: 1.59% Traditional cash on cash: 1.05% Airbnb Rental Income: $5291 Traditional Rental Income: $3574 Airbnb ROI: 1.59% Traditional ROI: 1.05%
3314 Westview Court Allegan, MI Magnificent Riverfront Home! Upon entering, you'll be greeted by stunning hardwood floors ...	3 beds \| 4 baths \| 3,766 sq.ft.	$649,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $3966 Airbnb ROI: N/A Traditional ROI: 4.55%
19611 220th Ave Road Allegan, MI Set into a mix of hardwoods, pines, and open tillable ground, this +/- 40-acre country hom...	4 beds \| 3 baths \| 3,812 sq.ft.	$725,000	Airbnb cash on cash: 4.41% Traditional cash on cash: 2.9% Airbnb Rental Income: $5291 Traditional Rental Income: $3201 Airbnb ROI: 4.41% Traditional ROI: 2.9%
4579 W 110th Avenue Allegan, MI Welcome to this charming property located in Allegan, MI. Nestled on a spacious lot, this ...	3 beds \| 1 baths \| 2,344 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%
1663 Fairview Drive Allegan, MI This custom-designed waterfront gem is priced hundreds of thousands below market value. Th...	3 beds \| 4 baths \| 3,773 sq.ft.	$949,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.05% Airbnb Rental Income: $null Traditional Rental Income: $4186 Airbnb ROI: N/A Traditional ROI: 3.05%
1956 M-40 Highway Allegan, MI Nestled on approximately 2.5 acres of picturesque, wooded land, this beautifully maintaine...	4 beds \| 3 baths \| 2,583 sq.ft.	$415,000	Airbnb cash on cash: 8.7% Traditional cash on cash: 5.98% Airbnb Rental Income: $5291 Traditional Rental Income: $3160 Airbnb ROI: 8.7% Traditional ROI: 5.98%
466 Delano Street Allegan, MI This charming 2 bedroom home sits on a large corner lot with a walkable location to downto...	2 beds \| 1 baths \| 864 sq.ft.	$180,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 6.38% Airbnb Rental Income: $1390 Traditional Rental Income: $1472 Airbnb ROI: 3.45% Traditional ROI: 6.38%
13376 HWY M64 Allegan, MI Lake Gogebic Waterfront Lake Home Million Dollar Views! Experience peaceful lakefront livi...	2 beds \| 2 baths \| 1,361 sq.ft.	$399,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 4.39% Airbnb Rental Income: $1390 Traditional Rental Income: $2280 Airbnb ROI: 0.89% Traditional ROI: 4.39%
1692 Ryan Woods Court Allegan, MI Check out this beautiful 4-bedroom, 2.5-bath home nestled on a quiet 2-acre lot in Allegan...	4 beds \| 3 baths \| 2,618 sq.ft.	$394,900	Airbnb cash on cash: 8.74% Traditional cash on cash: 6.53% Airbnb Rental Income: $5291 Traditional Rental Income: $3399 Airbnb ROI: 8.74% Traditional ROI: 6.53%
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.	$650,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.88% Airbnb Rental Income: $null Traditional Rental Income: $4053 Airbnb ROI: N/A Traditional ROI: 4.88%

Real Estate investment in Allegan, MI

There are 65 properties for sale in the city of Allegan . The median list price in Allegan is $324,000 and the average price per square foot is $168. In September 2025, the average monthly cash on cash return in Allegan is 6.00%. The average monthly rental income in Allegan is $2,450.

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

There are 65 investment properties available for sale in Allegan.

In 2025, 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 $2,450.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

4085 Wildwood Drive

Allegan, MI

4 beds | 3 baths | 4,691 sq.ft.

$795,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 2.16%

Airbnb Rental Income: $5291

Traditional Rental Income: $3458

Airbnb ROI: 3.19%

Traditional ROI: 2.16%

231 Monroe Street

Allegan, MI

3 beds | 2 baths | 1,648 sq.ft.

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 7.93%

Airbnb Rental Income: $null

Traditional Rental Income: $2450

Airbnb ROI: N/A

Traditional ROI: 7.93%

111 Depot Hill Court

Allegan, MI

2 beds | 1 baths | 1,126 sq.ft.

$229,900

Airbnb cash on cash: -0.19%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $1390

Traditional Rental Income: $1961

Airbnb ROI: -0.19%

Traditional ROI: 4.36%

1992 Limberlost Lane

Allegan, MI

2 beds | 1 baths | 947 sq.ft.

$314,900

Airbnb cash on cash: 0.53%

Traditional cash on cash: 3.55%

Airbnb Rental Income: $1390

Traditional Rental Income: $1865

Airbnb ROI: 0.53%

Traditional ROI: 3.55%

1735 39th Street

Allegan, MI

3 beds | 2 baths | 1,200 sq.ft.

$200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.26%

Airbnb Rental Income: $null

Traditional Rental Income: $2108

Airbnb ROI: N/A

Traditional ROI: 8.26%

4379 117th Avenue

Allegan, MI

2 beds | 2 baths | N/A

$178,000

Airbnb cash on cash: 3.51%

Traditional cash on cash: 7.75%

Airbnb Rental Income: $1390

Traditional Rental Income: $1688

Airbnb ROI: 3.51%

Traditional ROI: 7.75%

1749 Fairview Drive

Allegan, MI

4 beds | 4 baths | 2,950 sq.ft.

$649,900

Airbnb cash on cash: 4.48%

Traditional cash on cash: 2.75%

Airbnb Rental Income: $5291

Traditional Rental Income: $3171

Airbnb ROI: 4.48%

Traditional ROI: 2.75%

1005 41st Street

Allegan, MI

2 beds | 1 baths | 1,784 sq.ft.

$219,900

Airbnb cash on cash: 2.07%

Traditional cash on cash: 3%

Airbnb Rental Income: $1390

Traditional Rental Income: $1163

Airbnb ROI: 2.07%