Real Estate Investment Properties for Sale in Douglas, MI

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

Explore a variety of short-term homes & houses in Douglas, MI. Invest wisely with VRBO & Douglas, 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 Douglas, MI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
439 Summer Grove Drive unit: 14 Douglas, MI Move-in ready and immediate possession! Get ready to enjoy the Summer near Lake Michigan! ...	3 beds \| 3 baths \| 2,136 sq.ft.	$499,900	Airbnb cash on cash: -1.04% Traditional cash on cash: 3.37% Airbnb Rental Income: $1447 Traditional Rental Income: $3082 Airbnb ROI: -1.04% Traditional ROI: 3.37%
212 W Randolph Street Douglas, MI Beautiful ranch located walking distance to Douglas, dining, shops, galleries and beaches....	3 beds \| 2 baths \| 1,268 sq.ft.	$759,995	Airbnb cash on cash: -1.26% Traditional cash on cash: 0.44% Airbnb Rental Income: $1447 Traditional Rental Income: $2219 Airbnb ROI: -1.26% Traditional ROI: 0.44%
320 Blue Star Highway unit: 35 Douglas, MI IMMEDIATE INCOME! TURN KEY INVESTMENT OPPORTUNITY. Beautiful 2 bed 2 bath condo built in 2...	2 beds \| 2 baths \| 1,125 sq.ft.	$425,000	Airbnb cash on cash: -2.28% Traditional cash on cash: 0.65% Airbnb Rental Income: $1436 Traditional Rental Income: $2175 Airbnb ROI: -2.28% Traditional ROI: 0.65%
160 Keewatin Way unit: D/9 Douglas, MI This newer, impeccably designed & maintained 2,400 sqft Condo offering the perfect blend o...	4 beds \| 3 baths \| 2,244 sq.ft.	$749,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 1.71% Airbnb Rental Income: $2867 Traditional Rental Income: $2806 Airbnb ROI: 0.84% Traditional ROI: 1.71%
728 Wilderness Ridge Drive Douglas, MI Wake up to the sound of waves on Lake Michigan, peaceful strolls to charming downtown Doug...	4 beds \| 3 baths \| 2,103 sq.ft.	$1,084,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 0.56% Airbnb Rental Income: $2867 Traditional Rental Income: $3212 Airbnb ROI: -0.44% Traditional ROI: 0.56%
319 S Union Street Douglas, MI Easy living at this well maintained ranch daylight walkout four bedroom, 2 1/2 bath home. ...	4 beds \| 3 baths \| 2,153 sq.ft.	$783,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.88% Airbnb Rental Income: $2867 Traditional Rental Income: $2985 Airbnb ROI: 0.81% Traditional ROI: 1.88%
489 S Union Street Douglas, MI This stunning newer build home being sold turn key with nearly all furnishings & contents ...	4 beds \| 3 baths \| 2,845 sq.ft.	$1,100,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 0.8% Airbnb Rental Income: $2867 Traditional Rental Income: $3388 Airbnb ROI: -0.36% Traditional ROI: 0.8%
3048 Park Drive Douglas, MI Lake Michigan living, reimagined--tucked into the woods just steps from the sugar-sand sho...	3 beds \| 2 baths \| 2,148 sq.ft.	$799,900	Airbnb cash on cash: -1.63% Traditional cash on cash: 0.83% Airbnb Rental Income: $1447 Traditional Rental Income: $2852 Airbnb ROI: -1.63% Traditional ROI: 0.83%
43 Ellis Street Douglas, MI Recently back on the Market. Charming Updated Home in the Heart of Downtown Douglas Locate...	2 beds \| 1 baths \| 1,302 sq.ft.	$515,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 1.22% Airbnb Rental Income: $1436 Traditional Rental Income: $2038 Airbnb ROI: -0.92% Traditional ROI: 1.22%
90 S Water Street Douglas, MI Charming 3-bedroom, 3-bath home in the heart of Douglas overlooking the scenic Kalamazoo R...	3 beds \| 3 baths \| 2,312 sq.ft.	$885,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 1.73% Airbnb Rental Income: $1447 Traditional Rental Income: $3297 Airbnb ROI: -1.04% Traditional ROI: 1.73%
448 Summer Grv Drive Douglas, MI Welcome to 448 Summer Grove Dr. a beautifully updated 5-bedroom, 3.5-bath home perfectly p...	5 beds \| 4 baths \| 2,538 sq.ft.	$699,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 2.49% Airbnb Rental Income: $2648 Traditional Rental Income: $2951 Airbnb ROI: 1.06% Traditional ROI: 2.49%
24 Chestnut Street Douglas, MI Located in the heart of downtown Douglas, minutes from Lake Michigan, this fully renovated...	3 beds \| 4 baths \| 3,302 sq.ft.	$1,575,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 0.45% Airbnb Rental Income: $1447 Traditional Rental Income: $3236 Airbnb ROI: -1.06% Traditional ROI: 0.45%

Real Estate investment in Douglas, MI

There are 12 properties for sale in the city of Douglas . The median list price in Douglas is $771,498 and the average price per square foot is $363. In April 2026, the average monthly cash on cash return in Douglas is 1.00%. The average monthly rental income in Douglas is $2,289.

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

There are 12 investment properties available for sale in Douglas.

In 2026, the best neighborhood to buy investment property is Douglas.

The ROI for Short-Term is higher than the Long-Term in Douglas with average rental income of $1,447.

Your search for investment property begins and ends here

Investment Property for Sale in Douglas, MI

439 Summer Grove Drive unit: 14

Douglas, MI

3 beds | 3 baths | 2,136 sq.ft.

$499,900

Airbnb cash on cash: -1.04%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $1447

Traditional Rental Income: $3082

Airbnb ROI: -1.04%

Traditional ROI: 3.37%

212 W Randolph Street

Douglas, MI

3 beds | 2 baths | 1,268 sq.ft.

$759,995

Airbnb cash on cash: -1.26%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $1447

Traditional Rental Income: $2219

Airbnb ROI: -1.26%

Traditional ROI: 0.44%

320 Blue Star Highway unit: 35

Douglas, MI

2 beds | 2 baths | 1,125 sq.ft.

$425,000

Airbnb cash on cash: -2.28%

Traditional cash on cash: 0.65%

Airbnb Rental Income: $1436

Traditional Rental Income: $2175

Airbnb ROI: -2.28%

Traditional ROI: 0.65%

160 Keewatin Way unit: D/9

Douglas, MI

4 beds | 3 baths | 2,244 sq.ft.

$749,000

Airbnb cash on cash: 0.84%

Traditional cash on cash: 1.71%

Airbnb Rental Income: $2867

Traditional Rental Income: $2806

Airbnb ROI: 0.84%

Traditional ROI: 1.71%

728 Wilderness Ridge Drive

Douglas, MI

4 beds | 3 baths | 2,103 sq.ft.

$1,084,000

Airbnb cash on cash: -0.44%

Traditional cash on cash: 0.56%

Airbnb Rental Income: $2867

Traditional Rental Income: $3212

Airbnb ROI: -0.44%

Traditional ROI: 0.56%

319 S Union Street

Douglas, MI

4 beds | 3 baths | 2,153 sq.ft.

$783,000

Airbnb cash on cash: 0.81%

Traditional cash on cash: 1.88%

Airbnb Rental Income: $2867

Traditional Rental Income: $2985

Airbnb ROI: 0.81%

Traditional ROI: 1.88%

489 S Union Street

Douglas, MI

4 beds | 3 baths | 2,845 sq.ft.

$1,100,000

Airbnb cash on cash: -0.36%

Traditional cash on cash: 0.8%

Airbnb Rental Income: $2867

Traditional Rental Income: $3388

Airbnb ROI: -0.36%

Traditional ROI: 0.8%

3048 Park Drive

Douglas, MI

3 beds | 2 baths | 2,148 sq.ft.

$799,900

Airbnb cash on cash: -1.63%

Traditional cash on cash: 0.83%

Airbnb Rental Income: $1447

Traditional Rental Income: $2852

Airbnb ROI: -1.63%