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
3928 S Arrowhead Trail Allegan, MI Experience the ultimate lifestyle upgrade in this stunning retreat, perfectly positioned i...	3 beds \| 2 baths \| 1,988 sq.ft.	$327,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.54% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 1.54%
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: N/A Traditional cash on cash: 1.26% Airbnb Rental Income: $null Traditional Rental Income: $2761 Airbnb ROI: N/A Traditional ROI: 1.26%
211 Western Avenue Allegan, MI Welcome to this spacious 4-bedroom, 1.5-bath home located in the heart of Allegan! Offerin...	4 beds \| 2 baths \| 1,591 sq.ft.	$225,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.61% Airbnb Rental Income: $null Traditional Rental Income: $2420 Airbnb ROI: N/A Traditional ROI: 8.61%
3445 Gray Fox Lane Allegan, MI Practically brand new, this spacious bi-level home built in 2023 offers approximately 1,70...	3 beds \| 1 baths \| 1,986 sq.ft.	$333,500	Airbnb cash on cash: N/A Traditional cash on cash: 2.45% Airbnb Rental Income: $null Traditional Rental Income: $1583 Airbnb ROI: N/A Traditional ROI: 2.45%
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%
1759 Grant Drive Allegan, MI Why rent, when you can own? This newly remodeled property offers fresh flooring, updated c...	2 beds \| 1 baths \| 672 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $1290 Airbnb ROI: N/A Traditional ROI: 6.93%
171 Arnold Street Allegan, MI Designed for comfort & modern living this meticulously maintained 4 bedroom, 2 full bath h...	4 beds \| 2 baths \| 2,144 sq.ft.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.35% Airbnb Rental Income: $null Traditional Rental Income: $2761 Airbnb ROI: N/A Traditional ROI: 6.35%
1202 Lincoln Road Allegan, MI Don't miss out on this SWEET home that boasts a brand new metal roof, privacy fence, septi...	2 beds \| 1 baths \| 1,340 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.45% Airbnb Rental Income: $null Traditional Rental Income: $1646 Airbnb ROI: N/A Traditional ROI: 10.45%
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.	$164,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.79% Airbnb Rental Income: $null Traditional Rental Income: $1602 Airbnb ROI: N/A Traditional ROI: 6.79%
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%
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.	$479,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.93% Airbnb Rental Income: $null Traditional Rental Income: $1359 Airbnb ROI: N/A Traditional ROI: 0.93%
3212 Signal Point Drive Allegan, MI Quality new construction at an affordable price! Experience modern living in this stunning...	2 beds \| 2 baths \| 1,170 sq.ft.	$327,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.65% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 3.65%
362 N Sherman Street Allegan, MI New construction home in River Ridge Village is over 600 sq larger than current comps and ...	2 beds \| 2 baths \| 1,798 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.81% Airbnb Rental Income: $null Traditional Rental Income: $2057 Airbnb ROI: N/A Traditional ROI: 3.81%
3969 121st Avenue Allegan, MI First time ever on the market!! Spacious, 5-bed, 2.5 bath home on 9+ acres! Features new f...	5 beds \| 2 baths \| 2,781 sq.ft.	$495,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.87% Airbnb Rental Income: $null Traditional Rental Income: $2318 Airbnb ROI: N/A Traditional ROI: 2.87%
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.	$2,150,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.1% Airbnb Rental Income: $null Traditional Rental Income: $3845 Airbnb ROI: N/A Traditional ROI: 0.1%
1882 Dillingham Drive Allegan, MI Tucked along the shores of Lake Allegan, this welcoming home has been in the same family s...	3 beds \| 2 baths \| 1,720 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $2677 Airbnb ROI: N/A Traditional ROI: 6.15%
328 Thomas Street Allegan, MI Ranch style home in a great area. There are many great features. Three bedrooms, full walk...	3 beds \| 1 baths \| 1,608 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.37% Airbnb Rental Income: $null Traditional Rental Income: $1891 Airbnb ROI: N/A Traditional ROI: 3.37%
3752 Schermerhorn Lake Drive Allegan, MI Rare custom-built lakefront home in the private Schermerhorn Lake Preserve. 3022 sq ft liv...	3 beds \| 3 baths \| 3,022 sq.ft.	$825,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.6% Airbnb Rental Income: $null Traditional Rental Income: $3571 Airbnb ROI: N/A Traditional ROI: 2.6%
4078 Wildwood Drive Allegan, MI Welcome to this beautifully maintained 4-bedroom, 3-full-bath home in the desirable Wildwo...	4 beds \| 3 baths \| 2,554 sq.ft.	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.73% Airbnb Rental Income: $null Traditional Rental Income: $3139 Airbnb ROI: N/A Traditional ROI: 6.73%
557 Ely Street Allegan, MI Welcome to this charming 3-bedroom ranch offering over 1,400 finished sqft. Recent upgrade...	3 beds \| 1 baths \| 1,658 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.76% Airbnb Rental Income: $null Traditional Rental Income: $1970 Airbnb ROI: N/A Traditional ROI: 6.76%
238 41st Street Allegan, MI Nestled in a quiet country setting, this beautiful 4-bedroom, 2-full-bath home sits on 15 ...	4 beds \| 2 baths \| 2,185 sq.ft.	$299,999	Airbnb cash on cash: N/A Traditional cash on cash: 8.51% Airbnb Rental Income: $null Traditional Rental Income: $2953 Airbnb ROI: N/A Traditional ROI: 8.51%
1182 34th Street Allegan, MI Private 83-acre luxury retreat built in 2023, offering the perfect blend of modern farmhou...	3 beds \| 2 baths \| 2,376 sq.ft.	$1,800,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.26% Airbnb Rental Income: $null Traditional Rental Income: $2818 Airbnb ROI: N/A Traditional ROI: -0.26%
3280 Bluebird Lane Allegan, MI Spacious 4-bedroom, 2-bath home located just minutes from downtown Allegan, restaurants, a...	4 beds \| 2 baths \| 1,649 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.99% Airbnb Rental Income: $null Traditional Rental Income: $2295 Airbnb ROI: N/A Traditional ROI: 5.99%
4381 Aspen Drive Allegan, MI new home under 200k take a look great location for side by sides lots of lakes all kids of...	3 beds \| 2 baths \| 1,216 sq.ft.	$184,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.7% Airbnb Rental Income: $null Traditional Rental Income: $2065 Airbnb ROI: N/A Traditional ROI: 8.7%
1828 W Arrowhead Trail Allegan, MI Exceptional Lakefront Living on Lake Allegan! Enjoy breathtaking sunset views and 120' of ...	3 beds \| 2 baths \| 2,528 sq.ft.	$614,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.74% Airbnb Rental Income: $null Traditional Rental Income: $2792 Airbnb ROI: N/A Traditional ROI: 2.74%
370 Sherman Street Allegan, MI New construction home complete in River Ridge Village and is located in Allegan school dis...	5 beds \| 2 baths \| 2,083 sq.ft.	$364,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.93% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 6.93%
654 Vernon Street Allegan, MI This cozy 2 bedroom, 1 bath home is move-in ready with many recent updates. It has new car...	2 beds \| 1 baths \| 572 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.43% Airbnb Rental Income: $null Traditional Rental Income: $1236 Airbnb ROI: N/A Traditional ROI: 6.43%
223 North Street Allegan, MI Estate sale offering a value-add opportunity with solid bones. This 3 bed/1.5 bath home si...	3 beds \| 2 baths \| 1,512 sq.ft.	$157,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 4.37%
103 RIVER STREET Allegan, MI Wonderful 2 unit river front investment opportunity one block from down town Allegan resta...	N/A beds \| N/A baths \| N/A	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.67% Airbnb Rental Income: $null Traditional Rental Income: $1488 Airbnb ROI: N/A Traditional ROI: 4.67%
327 Monroe Street Allegan, MI This stunning historical home combines classic charm with modern amenities! With 4 bedroom...	4 beds \| 2 baths \| 3,211 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.98% Airbnb Rental Income: $null Traditional Rental Income: $2644 Airbnb ROI: N/A Traditional ROI: 5.98%
182 40th Street Allegan, MI Was a farmhouse with acreage on your Christmas list this year? Situated on 6 beautiful cou...	4 beds \| 1 baths \| 1,814 sq.ft.	$274,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $1920 Airbnb ROI: N/A Traditional ROI: 4.8%
225 Ida Street Allegan, MI BACK ON THE MARKET DUE TO NO FAULT OF HOME NOR SELLER!!! Here's Your Chance for Original C...	4 beds \| 2 baths \| 1,620 sq.ft.	$235,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.94% Airbnb Rental Income: $null Traditional Rental Income: $2505 Airbnb ROI: N/A Traditional ROI: 7.94%
348 39th Street Allegan, MI Quiet Country Setting! Enjoy peaceful living on 5 beautiful acres with this charming 2 bed...	2 beds \| 2 baths \| 1,144 sq.ft.	$224,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $1790 Airbnb ROI: N/A Traditional ROI: 5.97%
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%
2675 111th Avenue Allegan, MI Set on 2.56 acres in a peaceful Allegan setting, this ranch-style home offers space, priva...	3 beds \| 1 baths \| 1,309 sq.ft.	$262,875	Airbnb cash on cash: N/A Traditional cash on cash: 1.93% Airbnb Rental Income: $null Traditional Rental Income: $1264 Airbnb ROI: N/A Traditional ROI: 1.93%
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: N/A Traditional cash on cash: 4.5% Airbnb Rental Income: $null Traditional Rental Income: $1612 Airbnb ROI: N/A 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.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.32% Airbnb Rental Income: $null Traditional Rental Income: $2268 Airbnb ROI: N/A Traditional ROI: 4.32%
3712 Schermerhorn Lake Drive Allegan, MI Welcome to this beautifully maintained, nearly-new home in a serene wooded setting, offeri...	2 beds \| 2 baths \| 1,048 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $1829 Airbnb ROI: N/A Traditional ROI: 3.84%
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%
2236 35th Street Allegan, MI Under 300K for this 4 bed 3 bath home on over an acre lot If you are looking for privacy b...	4 beds \| 3 baths \| 1,976 sq.ft.	$240,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.51% Airbnb Rental Income: $null Traditional Rental Income: $2767 Airbnb ROI: N/A Traditional ROI: 9.51%

Real Estate investment in Allegan, MI

There are 48 properties for sale in the city of Allegan . The median list price in Allegan is $310,000 and the average price per square foot is $167. In February 2026, the average monthly cash on cash return in Allegan is 6.00%. The average monthly rental income in Allegan is $2,035.

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

There are 48 investment properties available for sale in Allegan.

In 2026, 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 $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

3928 S Arrowhead Trail

Allegan, MI

3 beds | 2 baths | 1,988 sq.ft.

$327,500

Airbnb cash on cash: N/A

Traditional cash on cash: 1.54%

Airbnb Rental Income: $null

Traditional Rental Income: $1056

Airbnb ROI: N/A

Traditional ROI: 1.54%

2859 125th Avenue

Allegan, MI

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

$750,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.26%

Airbnb Rental Income: $null

Traditional Rental Income: $2761

Airbnb ROI: N/A

Traditional ROI: 1.26%

211 Western Avenue

Allegan, MI

4 beds | 2 baths | 1,591 sq.ft.

$225,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.61%

Airbnb Rental Income: $null

Traditional Rental Income: $2420

Airbnb ROI: N/A

Traditional ROI: 8.61%

3445 Gray Fox Lane

Allegan, MI

3 beds | 1 baths | 1,986 sq.ft.

$333,500

Airbnb cash on cash: N/A

Traditional cash on cash: 2.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1583

Airbnb ROI: N/A

Traditional ROI: 2.45%

3469 Oak Branch Court

Allegan, MI

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%

1759 Grant Drive

Allegan, MI

2 beds | 1 baths | 672 sq.ft.

$149,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.93%

Airbnb Rental Income: $null

Traditional Rental Income: $1290

Airbnb ROI: N/A

Traditional ROI: 6.93%

171 Arnold Street

Allegan, MI

4 beds | 2 baths | 2,144 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 6.35%

Airbnb Rental Income: $null

Traditional Rental Income: $2761

Airbnb ROI: N/A

Traditional ROI: 6.35%

1202 Lincoln Road

Allegan, MI

2 beds | 1 baths | 1,340 sq.ft.

$129,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1646

Airbnb ROI: N/A