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.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.9% Airbnb Rental Income: $null Traditional Rental Income: $2526 Airbnb ROI: N/A Traditional ROI: 4.9%
4085 Wildwood Drive Allegan, MI A rare and remarkable offering on Lake Allegan, 4085 Wildwood Drive is more than a lake ho...	4 beds \| 3 baths \| 4,691 sq.ft.	$795,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 2.16% Airbnb Rental Income: $5170 Traditional Rental Income: $3458 Airbnb ROI: 3.06% Traditional ROI: 2.16%
111 Depot Hill Court Allegan, MI Condo living at Depot Hills. This condo features 2 bedrooms, 1 bath, open concept living a...	2 beds \| 1 baths \| 1,126 sq.ft.	$225,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.48% Airbnb Rental Income: $1390 Traditional Rental Income: $1961 Airbnb ROI: -0.18% Traditional ROI: 4.48%
1911 Limberlost Lane Allegan, MI Turnkey 3BR/2BA condo on Martin Lake with 305' of frontage, offering a true Up North retre...	3 beds \| 2 baths \| 886 sq.ft.	$185,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.45% Airbnb Rental Income: $null Traditional Rental Income: $1906 Airbnb ROI: N/A Traditional ROI: 8.45%
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.	$799,900	Airbnb cash on cash: 2.94% Traditional cash on cash: 1.12% Airbnb Rental Income: $5170 Traditional Rental Income: $2761 Airbnb ROI: 2.94% Traditional ROI: 1.12%
2346 116th Avenue Allegan, MI Welcome to 2346 116th Ave! This 3 bed 2 bath home has been updated and is move in ready! O...	3 beds \| 2 baths \| 1,664 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.68% Airbnb Rental Income: $null Traditional Rental Income: $2353 Airbnb ROI: N/A Traditional ROI: 7.68%
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%
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.	$360,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.58% Airbnb Rental Income: $1390 Traditional Rental Income: $1829 Airbnb ROI: 1.04% Traditional ROI: 3.58%
221 James Street Allegan, MI Take a look at this affordable home in the City of Allegan. Owner has made updates with pa...	2 beds \| 1 baths \| 996 sq.ft.	$162,500	Airbnb cash on cash: 3.63% Traditional cash on cash: 6.83% Airbnb Rental Income: $1390 Traditional Rental Income: $1465 Airbnb ROI: 3.63% Traditional ROI: 6.83%
318 Cutler Street Allegan, MI Built in 1874 This beautiful Greek Revival style Historical home was used for the First Co...	5 beds \| N/A 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%
1028 26th Street Allegan, MI PRICE REDUCTION on this new construction three bedroom, three bath modern farmhouse ho...	3 beds \| N/A 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%
919 Armintrout Ridge Court Allegan, MI Beautiful newly constructed ranch home, open plan with cove ceiling, living room, kitchen ...	3 beds \| 2 baths \| 1,514 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.31% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 4.31%
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%
3367 Northview Lane Allegan, MI Enjoy stunning Kalamazoo River frontage at this well-maintained 4-bedroom, 2.5-bath home. ...	4 beds \| N/A baths \| 3,020 sq.ft.	$459,999	Airbnb cash on cash: 7.75% Traditional cash on cash: 6.56% Airbnb Rental Income: $5170 Traditional Rental Income: $3608 Airbnb ROI: 7.75% 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.	$389,000	Airbnb cash on cash: 9.11% Traditional cash on cash: 4.43% Airbnb Rental Income: $5170 Traditional Rental Income: $2413 Airbnb ROI: 9.11% Traditional ROI: 4.43%
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%
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%
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%
3314 Westview Court Allegan, MI Magnificent Riverfront Home! Upon entering, you'll be greeted by stunning hardwood floors ...	3 beds \| N/A 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%
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%
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.	$391,000	Airbnb cash on cash: 8.57% Traditional cash on cash: 6.6% Airbnb Rental Income: $5170 Traditional Rental Income: $3399 Airbnb ROI: 8.57% Traditional ROI: 6.6%
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.	$600,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.37% Airbnb Rental Income: $null Traditional Rental Income: $4053 Airbnb ROI: N/A Traditional ROI: 5.37%
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: 5.03% Traditional cash on cash: 10.45% Airbnb Rental Income: $1390 Traditional Rental Income: $1646 Airbnb ROI: 5.03% Traditional ROI: 10.45%
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.	$158,900	Airbnb cash on cash: 3.86% Traditional cash on cash: 7.25% Airbnb Rental Income: $1390 Traditional Rental Income: $1485 Airbnb ROI: 3.86% Traditional ROI: 7.25%
3970 Allegan Dam Road Allegan, MI Stunning Lake Allegan! Ranch walkout features sunken family room with fireplace, built-ins...	4 beds \| 3 baths \| 3,233 sq.ft.	$649,000	Airbnb cash on cash: 4.39% Traditional cash on cash: 3.25% Airbnb Rental Income: $5170 Traditional Rental Income: $3429 Airbnb ROI: 4.39% 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.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.44% Airbnb Rental Income: $null Traditional Rental Income: $2247 Airbnb ROI: N/A Traditional ROI: 6.44%
923 Armintrout Ridge Allegan, MI Two-story saltbox-style home on a scenic lot. Thoughtfully designed with arched accents an...	3 beds \| N/A baths \| 1,462 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.6% Airbnb Rental Income: $null Traditional Rental Income: $2769 Airbnb ROI: N/A Traditional ROI: 6.6%
3858 Allegan Dam Road Allegan, MI Magnificent 5-bedroom, 3.5-bathroom residence-including a bunkroom and private office-nest...	5 beds \| N/A baths \| 4,850 sq.ft.	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.44% Airbnb Rental Income: $null Traditional Rental Income: $4550 Airbnb ROI: N/A Traditional ROI: 2.44%
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, manufactured home complete wi...	2 beds \| 1 baths \| 1,260 sq.ft.	$179,900	Airbnb cash on cash: 2.46% Traditional cash on cash: 6.16% Airbnb Rental Income: $1390 Traditional Rental Income: $1602 Airbnb ROI: 2.46% Traditional ROI: 6.16%
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.	$280,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 7.03% Airbnb Rental Income: $1390 Traditional Rental Income: $2407 Airbnb ROI: 1.58% Traditional ROI: 7.03%
3842 125th Avenue unit: 10 Acre #10 Acre Allegan, MI DO NOT MISS OUT ON THIS ''NEVER BEFORE OFFERED'' HOME 3 BEDROOMS, 2 FULL BATHROOMS, FULL 8...	3 beds \| 2 baths \| 1,368 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2423 Airbnb ROI: N/A Traditional ROI: 5.75%
3420 Tannery Creek Drive Allegan, MI Welcome home to this stunning bi-level built in 2024 with a sprawling 3.75-acre lot! Enjoy...	2 beds \| N/A baths \| 1,248 sq.ft.	$364,900	Airbnb cash on cash: 0.75% Traditional cash on cash: 4.62% Airbnb Rental Income: $1390 Traditional Rental Income: $2294 Airbnb ROI: 0.75% Traditional ROI: 4.62%
124 Glenn Street Allegan, MI This affordable 3-bedroom, 2 bath home offers over 1400 square feet of living space! The p...	3 beds \| 2 baths \| 1,431 sq.ft.	$200,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.34% Airbnb Rental Income: $null Traditional Rental Income: $2199 Airbnb ROI: N/A Traditional ROI: 9.34%
3976 Grandview Avenue Allegan, MI Welcome to your lakeside retreat at 3972 Grandview Ave! This spacious 3 bed 2 bath home ha...	3 beds \| 2 baths \| 2,299 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $2908 Airbnb ROI: N/A Traditional ROI: 5.01%
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: 2.8% Traditional cash on cash: 7.43% Airbnb Rental Income: $1390 Traditional Rental Income: $1912 Airbnb ROI: 2.8% Traditional ROI: 7.43%

Real Estate investment in Allegan, MI

There are 55 properties for sale in the city of Allegan . The median list price in Allegan is $299,900 and the average price per square foot is $165. In October 2025, the average monthly cash on cash return in Allegan is 7.00%. The average monthly rental income in Allegan is $2,409.

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

There are 55 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 $2,409.

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.

$369,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2526

Airbnb ROI: N/A

Traditional ROI: 4.9%

4085 Wildwood Drive

Allegan, MI

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

$795,000

Airbnb cash on cash: 3.06%

Traditional cash on cash: 2.16%

Airbnb Rental Income: $5170

Traditional Rental Income: $3458

Airbnb ROI: 3.06%

Traditional ROI: 2.16%

111 Depot Hill Court

Allegan, MI

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

$225,000

Airbnb cash on cash: -0.18%

Traditional cash on cash: 4.48%

Airbnb Rental Income: $1390

Traditional Rental Income: $1961

Airbnb ROI: -0.18%

Traditional ROI: 4.48%

1911 Limberlost Lane

Allegan, MI

3 beds | 2 baths | 886 sq.ft.

$185,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.45%

Airbnb Rental Income: $null

Traditional Rental Income: $1906

Airbnb ROI: N/A

Traditional ROI: 8.45%

2859 125th Avenue

Allegan, MI

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

$799,900

Airbnb cash on cash: 2.94%

Traditional cash on cash: 1.12%

Airbnb Rental Income: $5170

Traditional Rental Income: $2761

Airbnb ROI: 2.94%

Traditional ROI: 1.12%

2346 116th Avenue

Allegan, MI

3 beds | 2 baths | 1,664 sq.ft.

$249,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2353

Airbnb ROI: N/A

Traditional ROI: 7.68%

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%

1084 38th Street

Allegan, MI

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