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
161 North Street Allegan, MI Welcome to this charming traditional home offering comfort, functionality, and flexible li...	2 beds \| 1 baths \| 1,230 sq.ft.	$179,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 3.91% Airbnb Rental Income: $1144 Traditional Rental Income: $1260 Airbnb ROI: 1.01% Traditional ROI: 3.91%
3658 Allegan Dam Road Allegan, MI This is the one: 3-bedroom, 3-bath ranch set on a quiet stretch just outside the city of A...	3 beds \| 3 baths \| 2,701 sq.ft.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.78% Airbnb Rental Income: $null Traditional Rental Income: $3013 Airbnb ROI: N/A Traditional ROI: 4.78%
3517 Lake Allegan Drive Allegan, MI Looking for a little slice of lake heaven then look no further than this perfect hideaway ...	1 beds \| 1 baths \| 728 sq.ft.	$310,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.19% Airbnb Rental Income: $null Traditional Rental Income: $576 Airbnb ROI: N/A Traditional ROI: -0.19%
1938 Lincoln Road Allegan, MI Now offering 5 bedrooms with the newly added bedroom in the finished walkout basement!...	5 beds \| 4 baths \| 2,531 sq.ft.	$445,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.33% Airbnb Rental Income: $null Traditional Rental Income: $2978 Airbnb ROI: N/A Traditional ROI: 4.33%
1759 Grant Drive Allegan, MI Why rent when you can own? This beautifully remodeled home is the perfect opportunity to s...	2 beds \| 1 baths \| 672 sq.ft.	$135,000	Airbnb cash on cash: 3.67% Traditional cash on cash: 7.72% Airbnb Rental Income: $1144 Traditional Rental Income: $1290 Airbnb ROI: 3.67% Traditional ROI: 7.72%
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.	$335,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.62% Airbnb Rental Income: $null Traditional Rental Income: $1963 Airbnb ROI: N/A Traditional ROI: 4.62%
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: 3.39% Traditional cash on cash: 10.45% Airbnb Rental Income: $1144 Traditional Rental Income: $1646 Airbnb ROI: 3.39% Traditional ROI: 10.45%
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.	$555,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.22% Airbnb Rental Income: $null Traditional Rental Income: $1962 Airbnb ROI: N/A Traditional ROI: 2.22%
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.	$469,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.97% Airbnb Rental Income: $null Traditional Rental Income: $1359 Airbnb ROI: N/A Traditional ROI: 0.97%
360 N Sherman Street Allegan, MI New construction home in River Ridge Village in the Allegan school district. This thoughtf...	4 beds \| 3 baths \| 1,910 sq.ft.	$354,900	Airbnb cash on cash: 3.03% Traditional cash on cash: 5.42% Airbnb Rental Income: $2008 Traditional Rental Income: $2280 Airbnb ROI: 3.03% Traditional ROI: 5.42%
362 N Sherman Street Allegan, MI New construction home ready now in River Ridge Village in Allegan school district. This ho...	2 beds \| 3 baths \| 1,798 sq.ft.	$329,900	Airbnb cash on cash: -0.36% Traditional cash on cash: 3.81% Airbnb Rental Income: $1144 Traditional Rental Income: $2057 Airbnb ROI: -0.36% Traditional ROI: 3.81%
1825 34th Street Allegan, MI Welcome to your peaceful escape where open land, modern updates, and Pole barns come toget...	3 beds \| 2 baths \| 1,050 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.94% Airbnb Rental Income: $null Traditional Rental Income: $1755 Airbnb ROI: N/A Traditional ROI: 8.94%
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%
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.	$365,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.48% Airbnb Rental Income: $null Traditional Rental Income: $1891 Airbnb ROI: N/A Traditional ROI: 3.48%
370 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.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.27% Airbnb Rental Income: $null Traditional Rental Income: $2859 Airbnb ROI: N/A Traditional ROI: 7.27%
3513 Monroe Road Allegan, MI Experience lakeside luxury with this move-in-ready, 3-bedroom, 1-bathroom home offering ov...	3 beds \| 1 baths \| 1,615 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.62% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 1.62%
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: 0.2% Traditional cash on cash: 0.61% Airbnb Rental Income: $2008 Traditional Rental Income: $1750 Airbnb ROI: 0.2% Traditional ROI: 0.61%
4373 Macdougall Drive Allegan, MI NEW CONSTUCTION great recreational Area in Allegan ATV trails many lakes for fishing or al...	3 beds \| 2 baths \| 1,512 sq.ft.	$224,999	Airbnb cash on cash: N/A Traditional cash on cash: 8.58% Airbnb Rental Income: $null Traditional Rental Income: $2457 Airbnb ROI: N/A Traditional ROI: 8.58%
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 \| 3 baths \| 2,400 sq.ft.	$419,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $2969 Airbnb ROI: N/A Traditional ROI: 5.35%
3683 109th Avenue Allegan, MI Classic Brick Tudor with 5 bedrooms and 3 full baths on 2.6 acres for $299,900. Main floor...	5 beds \| 3 baths \| 2,280 sq.ft.	$289,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.31% Airbnb Rental Income: $null Traditional Rental Income: $2651 Airbnb ROI: N/A Traditional ROI: 7.31%
1791 33rd Street Allegan, MI Brand new roof with transferable lifetime warranty - This home is tucked away on a quiet d...	4 beds \| 2 baths \| 1,728 sq.ft.	$320,000	Airbnb cash on cash: 2.88% Traditional cash on cash: 6.01% Airbnb Rental Income: $2008 Traditional Rental Income: $2429 Airbnb ROI: 2.88% Traditional ROI: 6.01%
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.	$1,350,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.11% Airbnb Rental Income: $null Traditional Rental Income: $1805 Airbnb ROI: N/A Traditional ROI: 0.11%
4066 Lake Drive Allegan, MI Dreamy Lake Retreat! A paradise for the outdoors person looking for a country setting with...	3 beds \| 2 baths \| 1,726 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.14% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: -0.14%
4219 W 110th Avenue Allegan, MI Awesome 3 bedroom ranch in the country! Over 2 acres with a horse barn. Recently remodeled...	3 beds \| 1 baths \| 1,182 sq.ft.	$239,900	Airbnb cash on cash: N/A Traditional cash on cash: 2% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 2%
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.	$335,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 1.98% Airbnb Rental Income: $1144 Traditional Rental Income: $1260 Airbnb ROI: 0.4% Traditional ROI: 1.98%
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.	$215,000	Airbnb cash on cash: 4.45% Traditional cash on cash: 9.04% Airbnb Rental Income: $2008 Traditional Rental Income: $2420 Airbnb ROI: 4.45% Traditional ROI: 9.04%
704 38th Street Allegan, MI Quaint Ranch Home in Country Like Setting! This 3BR and 2 bath Ranch is situated on nearly...	3 beds \| 2 baths \| 1,173 sq.ft.	$232,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.52% Airbnb Rental Income: $null Traditional Rental Income: $1894 Airbnb ROI: N/A Traditional ROI: 5.52%
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.	$399,900	Airbnb cash on cash: 1.3% Traditional cash on cash: 6.41% Airbnb Rental Income: $2008 Traditional Rental Income: $3399 Airbnb ROI: 1.3% Traditional ROI: 6.41%
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: 1.47% Traditional cash on cash: 6.79% Airbnb Rental Income: $1144 Traditional Rental Income: $1602 Airbnb ROI: 1.47% Traditional ROI: 6.79%
3969 121st Avenue Allegan, MI Open House Sunday, March 15th 2:00-3:30! First time ever on the market!! Spacious, 5-bed, ...	5 beds \| 3 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%
3752 Schermerhorn Lake Drive Allegan, MI PRICE DROP - MOTIVATED SELLER...Rare custom-built lakefront home in the private Schermerho...	3 beds \| 3 baths \| 3,022 sq.ft.	$729,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.07% Airbnb Rental Income: $null Traditional Rental Income: $3571 Airbnb ROI: N/A Traditional ROI: 3.07%
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.	$226,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.89% Airbnb Rental Income: $null Traditional Rental Income: $1970 Airbnb ROI: N/A Traditional ROI: 6.89%
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.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.41% Airbnb Rental Income: $null Traditional Rental Income: $2065 Airbnb ROI: N/A Traditional ROI: 10.41%
1657 Nature View LN Allegan, MI Well-maintained 3-bedroom, 2-bath bi-level home situated on a private drive on a 2-acre pa...	3 beds \| 2 baths \| 2,215 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.54% Airbnb Rental Income: $null Traditional Rental Income: $2812 Airbnb ROI: N/A Traditional ROI: 5.54%
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.	$135,000	Airbnb cash on cash: 3.06% Traditional cash on cash: 6.7% Airbnb Rental Income: $1144 Traditional Rental Income: $1236 Airbnb ROI: 3.06% Traditional ROI: 6.7%
3307 Lake Drive Allegan, MI Set on a picturesque one-acre parcel overlooking the Kalamazoo River, this spacious two-st...	4 beds \| 3 baths \| 3,233 sq.ft.	$480,000	Airbnb cash on cash: 1.52% Traditional cash on cash: 2.12% Airbnb Rental Income: $2008 Traditional Rental Income: $1750 Airbnb ROI: 1.52% Traditional ROI: 2.12%
301 Grand Street Allegan, MI Beautifully restored two-story home updated top to bottom and truly move-in ready. The mai...	3 beds \| 2 baths \| 1,366 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.28% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 2.28%
1150 42nd Street Allegan, MI Tucked away off the road on 3 acres, this newly remodeled home is ready for new owners! Ne...	3 beds \| 2 baths \| 1,144 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.93% Airbnb Rental Income: $null Traditional Rental Income: $1056 Airbnb ROI: N/A Traditional ROI: 1.93%
329 Bond Street Allegan, MI HIGHEST AND BEST DEADLINE Monday, February 23 at 7pm. Experience maintenance-free living i...	1 beds \| 1 baths \| 560 sq.ft.	$140,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $1015 Airbnb ROI: N/A Traditional ROI: 4.97%

Real Estate investment in Allegan, MI

There are 50 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 $176. In April 2026, the average monthly cash on cash return in Allegan is 5.00%. The average monthly rental income in Allegan is $1,891.

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

There are 50 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 $1,891.

Your search for investment property begins and ends here

Investment Property for Sale in Allegan, MI

161 North Street

Allegan, MI

2 beds | 1 baths | 1,230 sq.ft.

$179,900

Airbnb cash on cash: 1.01%

Traditional cash on cash: 3.91%

Airbnb Rental Income: $1144

Traditional Rental Income: $1260

Airbnb ROI: 1.01%

Traditional ROI: 3.91%

3658 Allegan Dam Road

Allegan, MI

3 beds | 3 baths | 2,701 sq.ft.

$469,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.78%

Airbnb Rental Income: $null

Traditional Rental Income: $3013

Airbnb ROI: N/A

Traditional ROI: 4.78%

3517 Lake Allegan Drive

Allegan, MI

1 beds | 1 baths | 728 sq.ft.

$310,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.19%

Airbnb Rental Income: $null

Traditional Rental Income: $576

Airbnb ROI: N/A

Traditional ROI: -0.19%

1938 Lincoln Road

Allegan, MI

5 beds | 4 baths | 2,531 sq.ft.

$445,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.33%

Airbnb Rental Income: $null

Traditional Rental Income: $2978

Airbnb ROI: N/A

Traditional ROI: 4.33%

1759 Grant Drive

Allegan, MI

2 beds | 1 baths | 672 sq.ft.

$135,000

Airbnb cash on cash: 3.67%

Traditional cash on cash: 7.72%

Airbnb Rental Income: $1144

Traditional Rental Income: $1290

Airbnb ROI: 3.67%

Traditional ROI: 7.72%

4579 W 110th Avenue

Allegan, MI

3 beds | 1 baths | 1,364 sq.ft.

$335,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.62%

Airbnb Rental Income: $null

Traditional Rental Income: $1963

Airbnb ROI: N/A

Traditional ROI: 4.62%

1202 Lincoln Road

Allegan, MI

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

$129,900

Airbnb cash on cash: 3.39%

Traditional cash on cash: 10.45%

Airbnb Rental Income: $1144

Traditional Rental Income: $1646

Airbnb ROI: 3.39%

Traditional ROI: 10.45%

4477 104th Avenue

Allegan, MI

3 beds | 1 baths | 2,026 sq.ft.

$555,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.22%

Airbnb Rental Income: $null

Traditional Rental Income: $1962

Airbnb ROI: N/A