Real Estate Investment Properties for Sale in Alpena, MI

Looking for investment property in Alpena, MI with high ROI ?

Explore a variety of short-term homes & houses in Alpena, MI. Invest wisely with VRBO & Alpena, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Single Family Homes for Sale in Alpena, MI

Search for Single Family Residential for Sale in Alpena, Michigan. Browse all of Mashvisor’s Single Family Residential listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 29 Single Family Residential listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
152 Colorado Road Alpena, MI This home offers a spacious and functional layout all on one level. Separate living room w...	4 beds \| 2 baths \| 1,676 sq.ft.	$220,000	Airbnb cash on cash: 3.19% Traditional cash on cash: 10.09% Airbnb Rental Income: $1503 Traditional Rental Income: $2501 Airbnb ROI: 3.19% Traditional ROI: 10.09%
101 ISLAND VIEW Drive Alpena, MI Charming 3 bed, 2 bath home on a corner lot in desirable Iriscrest Subdivision-just minute...	3 beds \| 2 baths \| 2,424 sq.ft.	$389,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.7% Airbnb Rental Income: $1441 Traditional Rental Income: $2707 Airbnb ROI: 1.07% Traditional ROI: 5.7%
17131 Paradise Cove Road Alpena, MI Frontage that overlooks a cove on beautiful, all sport, Long Lake. Open Concept kitchen an...	2 beds \| 1 baths \| 700 sq.ft.	$220,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 4.72% Airbnb Rental Income: $1088 Traditional Rental Income: $1601 Airbnb ROI: 0.48% Traditional ROI: 4.72%
7717 Weiss Road Alpena, MI Enjoy the beauty of waterfront living with this stunning property featuring over 600 feet ...	3 beds \| 2 baths \| 1,680 sq.ft.	$329,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 6.07% Airbnb Rental Income: $1441 Traditional Rental Income: $2757 Airbnb ROI: 0.44% Traditional ROI: 6.07%
2188 Sommerset Drive Alpena, MI Welcome to this meticulously maintained Ranch-style home built in 2001 with modern updates...	3 beds \| 3 baths \| 3,500 sq.ft.	$365,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 5.83% Airbnb Rental Income: $1441 Traditional Rental Income: $2956 Airbnb ROI: 0.16% Traditional ROI: 5.83%
17756 Birch Alpena, MI Waterfrontage! Home sits on a peaceful, private setting on Long Lake! 1st floor Master ...	4 beds \| 3 baths \| 2,200 sq.ft.	$469,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 2.42% Airbnb Rental Income: $1503 Traditional Rental Income: $2266 Airbnb ROI: -0.32% Traditional ROI: 2.42%
9801 French Road Alpena, MI This home , with detached garage and shed is located North of Alpena on a paved public mai...	2 beds \| 1 baths \| 1,244 sq.ft.	$139,900	Airbnb cash on cash: 2.15% Traditional cash on cash: 9.41% Airbnb Rental Income: $1088 Traditional Rental Income: $1693 Airbnb ROI: 2.15% Traditional ROI: 9.41%
4541 Cathro Road Alpena, MI One level living! This 3 bedroom, 1 bath ranch is located in Maple in Maple Ridge township...	3 beds \| 1 baths \| 1,224 sq.ft.	$138,000	Airbnb cash on cash: 5.73% Traditional cash on cash: 6.94% Airbnb Rental Income: $1441 Traditional Rental Income: $1172 Airbnb ROI: 5.73% Traditional ROI: 6.94%
307 Minor Street Alpena, MI Discover 307 Minor St., a beautifully, well-built maintained residence in a friendly Alpen...	2 beds \| 2 baths \| 2,952 sq.ft.	$195,000	Airbnb cash on cash: 1.26% Traditional cash on cash: 6.95% Airbnb Rental Income: $1088 Traditional Rental Income: $1771 Airbnb ROI: 1.26% Traditional ROI: 6.95%
2170 Long Rapids Road Alpena, MI Welcome to this beautifully updated ranch-style home on a spacious 3/4-acre lot just minut...	3 beds \| 2 baths \| 1,824 sq.ft.	$240,000	Airbnb cash on cash: 2.4% Traditional cash on cash: 6.24% Airbnb Rental Income: $1441 Traditional Rental Income: $1882 Airbnb ROI: 2.4% Traditional ROI: 6.24%
506 S North Street Alpena, MI *BACK ON THE MARKET & PRICED BELOW APPRAISED VALUE* Beautifully remodeled from ceiling...	2 beds \| 1 baths \| 792 sq.ft.	$133,900	Airbnb cash on cash: 3.8% Traditional cash on cash: 10.16% Airbnb Rental Income: $1088 Traditional Rental Income: $1535 Airbnb ROI: 3.8% Traditional ROI: 10.16%
105 Sitting Bull Road Alpena, MI Brand-new home! This beautifully constructed 2-bedroom, 2-bath residence offers modern com...	2 beds \| 2 baths \| 960 sq.ft.	$169,900	Airbnb cash on cash: 1.35% Traditional cash on cash: 7.53% Airbnb Rental Income: $1088 Traditional Rental Income: $1719 Airbnb ROI: 1.35% Traditional ROI: 7.53%
567 Long Rapids Road Alpena, MI Discover this spacious 4-bedroom, 1.5-bath oversized ranch. Perfect for family living and ...	4 beds \| 2 baths \| 3,732 sq.ft.	$279,000	Airbnb cash on cash: 1.61% Traditional cash on cash: 8.1% Airbnb Rental Income: $1503 Traditional Rental Income: $2770 Airbnb ROI: 1.61% Traditional ROI: 8.1%
2215 N Partridge Point Road Alpena, MI ''Lighthouse'' custom home on the shores of majestic Lake Huron! Home boasts 103' frontage...	2 beds \| 2 baths \| 1,506 sq.ft.	$449,000	Airbnb cash on cash: -0.18% Traditional cash on cash: 4.23% Airbnb Rental Income: $1088 Traditional Rental Income: $2572 Airbnb ROI: -0.18% Traditional ROI: 4.23%
185 S June Street Alpena, MI Very nice location, within walking distance of Lake Huron, schools and shopping! Beautiful...	4 beds \| 3 baths \| 1,817 sq.ft.	$274,500	Airbnb cash on cash: 1.79% Traditional cash on cash: 9.66% Airbnb Rental Income: $1503 Traditional Rental Income: $3100 Airbnb ROI: 1.79% Traditional ROI: 9.66%
520 Michigan Avenue Alpena, MI Price Improved! Charming 2-Bedroom Gem Near MICH-E-KE-WIS Park! Tucked away on a quiet dea...	2 beds \| 1 baths \| 960 sq.ft.	$118,000	Airbnb cash on cash: 3.68% Traditional cash on cash: 10.38% Airbnb Rental Income: $1088 Traditional Rental Income: $1481 Airbnb ROI: 3.68% Traditional ROI: 10.38%
326 N Addison Street Alpena, MI ** MOTIVATED SELLER ** Charming Ranch-Style Home with Convenient Layout Welcome to you...	3 beds \| 1 baths \| 945 sq.ft.	$149,900	Airbnb cash on cash: 4.57% Traditional cash on cash: 9.96% Airbnb Rental Income: $1441 Traditional Rental Income: $1785 Airbnb ROI: 4.57% Traditional ROI: 9.96%
140 Oriole Drive Alpena, MI Now available on the market is this charming ranch-style home set on a park-like lot, offe...	3 beds \| 2 baths \| 3,084 sq.ft.	$270,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 7.98% Airbnb Rental Income: $1441 Traditional Rental Income: $2615 Airbnb ROI: 1.69% Traditional ROI: 7.98%
2151 S Third Avenue Alpena, MI Convenience is key! This freshly painted 2-3 bedroom, move in ready cement block home sits...	3 beds \| 1 baths \| 1,998 sq.ft.	$210,000	Airbnb cash on cash: 2.78% Traditional cash on cash: 8.1% Airbnb Rental Income: $1441 Traditional Rental Income: $2072 Airbnb ROI: 2.78% Traditional ROI: 8.1%
145 Sitting Bull Road Alpena, MI Charming new home on a double lot with an open floor plan. Welcome to this Nicely built in...	3 beds \| 1 baths \| 1,232 sq.ft.	$199,500	Airbnb cash on cash: 2.71% Traditional cash on cash: 7.18% Airbnb Rental Income: $1441 Traditional Rental Income: $1857 Airbnb ROI: 2.71% Traditional ROI: 7.18%
211 Par Drive Alpena, MI Welcome to this charming ranch-style home located close to the golf course, hospitals and ...	3 beds \| 1 baths \| 1,200 sq.ft.	$177,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 7.58% Airbnb Rental Income: $1441 Traditional Rental Income: $1794 Airbnb ROI: 2.94% Traditional ROI: 7.58%
1280 Dow Drive Alpena, MI Located in highly desirable subdivision along the golf course, a two-story brick tradition...	3 beds \| 3 baths \| 3,248 sq.ft.	$425,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 5.28% Airbnb Rental Income: $1441 Traditional Rental Income: $2952 Airbnb ROI: 0.4% Traditional ROI: 5.28%
8818 French Road Alpena, MI Welcome to Appaloosa Valley, set 1000 feet back from the road, on 18.05 acres of peace, qu...	3 beds \| 2 baths \| 1,716 sq.ft.	$250,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 7.83% Airbnb Rental Income: $1441 Traditional Rental Income: $2536 Airbnb ROI: 1.37% Traditional ROI: 7.83%
314 W Lincoln Street Alpena, MI Don't miss your chance to own a true Alpena gem, Charming Fieldstone Home. Welcome to a st...	2 beds \| 1 baths \| 1,488 sq.ft.	$135,000	Airbnb cash on cash: 2.31% Traditional cash on cash: 10.13% Airbnb Rental Income: $1088 Traditional Rental Income: $1731 Airbnb ROI: 2.31% Traditional ROI: 10.13%
9634 Indian Reserve Road Alpena, MI This charming ranch-style home sits on 3.8 acres of beautifully maintained land. Boasting ...	2 beds \| 2 baths \| 1,352 sq.ft.	$249,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 5.9% Airbnb Rental Income: $1088 Traditional Rental Income: $2080 Airbnb ROI: 0.13% Traditional ROI: 5.9%
519 Brentwood Drive Alpena, MI Step into comfort and convenience with this classic 3-bedroom ranch, built in 1961 and tho...	3 beds \| 2 baths \| 2,576 sq.ft.	$225,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 9.42% Airbnb Rental Income: $1441 Traditional Rental Income: $2635 Airbnb ROI: 1.8% Traditional ROI: 9.42%
1309 Crestview Drive Alpena, MI This charming mediterranean inspired ranch home with arch brick windows, has three bedroom...	3 beds \| 2 baths \| 1,476 sq.ft.	$219,900	Airbnb cash on cash: 1.9% Traditional cash on cash: 8.52% Airbnb Rental Income: $1441 Traditional Rental Income: $2391 Airbnb ROI: 1.9% Traditional ROI: 8.52%
166 N Sheridan Street Alpena, MI Charming 3-Bedroom Ranch Home with Detached Garage - Own this inviting 3-bedroom, 1.5-bath...	3 beds \| 2 baths \| 1,152 sq.ft.	$219,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 8.2% Airbnb Rental Income: $1441 Traditional Rental Income: $2162 Airbnb ROI: 2.68% Traditional ROI: 8.2%

Your search for investment property begins and ends here

Single Family Homes for Sale in Alpena, MI

152 Colorado Road

Alpena, MI

4 beds | 2 baths | 1,676 sq.ft.

$220,000

Airbnb cash on cash: 3.19%

Traditional cash on cash: 10.09%

Airbnb Rental Income: $1503

Traditional Rental Income: $2501

Airbnb ROI: 3.19%

Traditional ROI: 10.09%

101 ISLAND VIEW Drive

Alpena, MI

3 beds | 2 baths | 2,424 sq.ft.

$389,900

Airbnb cash on cash: 1.07%

Traditional cash on cash: 5.7%

Airbnb Rental Income: $1441

Traditional Rental Income: $2707

Airbnb ROI: 1.07%

Traditional ROI: 5.7%

17131 Paradise Cove Road

Alpena, MI

2 beds | 1 baths | 700 sq.ft.

$220,000

Airbnb cash on cash: 0.48%

Traditional cash on cash: 4.72%

Airbnb Rental Income: $1088

Traditional Rental Income: $1601

Airbnb ROI: 0.48%

Traditional ROI: 4.72%

7717 Weiss Road

Alpena, MI

3 beds | 2 baths | 1,680 sq.ft.

$329,900

Airbnb cash on cash: 0.44%

Traditional cash on cash: 6.07%

Airbnb Rental Income: $1441

Traditional Rental Income: $2757

Airbnb ROI: 0.44%

Traditional ROI: 6.07%

2188 Sommerset Drive

Alpena, MI

3 beds | 3 baths | 3,500 sq.ft.

$365,000

Airbnb cash on cash: 0.16%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $1441

Traditional Rental Income: $2956

Airbnb ROI: 0.16%

Traditional ROI: 5.83%

17756 Birch

Alpena, MI

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

$469,000

Airbnb cash on cash: -0.32%

Traditional cash on cash: 2.42%

Airbnb Rental Income: $1503

Traditional Rental Income: $2266

Airbnb ROI: -0.32%

Traditional ROI: 2.42%

9801 French Road

Alpena, MI

2 beds | 1 baths | 1,244 sq.ft.

$139,900

Airbnb cash on cash: 2.15%

Traditional cash on cash: 9.41%

Airbnb Rental Income: $1088

Traditional Rental Income: $1693

Airbnb ROI: 2.15%

Traditional ROI: 9.41%

4541 Cathro Road

Alpena, MI

3 beds | 1 baths | 1,224 sq.ft.

$138,000

Airbnb cash on cash: 5.73%

Traditional cash on cash: 6.94%

Airbnb Rental Income: $1441

Traditional Rental Income: $1172

Airbnb ROI: 5.73%