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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
212 W Randolph Street Douglas, MI Beautiful ranch located walking distance to Douglas, dining, shops, galleries and beaches....	3 beds \| 3 baths \| 1,268 sq.ft.	$759,995	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.44% Airbnb Rental Income: $2382 Traditional Rental Income: $2219 Airbnb ROI: -0.16% Traditional ROI: 0.44%
320 Blue Star Highway #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.	$420,000	Airbnb cash on cash: -0.43% Traditional cash on cash: 1.17% Airbnb Rental Income: $2316 Traditional Rental Income: $2371 Airbnb ROI: -0.43% Traditional ROI: 1.17%
156 S Union Street Douglas, MI This charming, updated 1890 built farmhouse in Douglas is a rare turnkey opportunity, offe...	2 beds \| 2 baths \| 1,574 sq.ft.	$695,000	Airbnb cash on cash: -0.12% Traditional cash on cash: -0.04% Airbnb Rental Income: $2316 Traditional Rental Income: $1793 Airbnb ROI: -0.12% Traditional ROI: -0.04%
36 Center Street #6 Douglas, MI Experience refined downtown living in the heart of Douglas. This exceptional 2-bedroom, 1-...	2 beds \| 1 baths \| 1,067 sq.ft.	$559,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 0.45% Airbnb Rental Income: $2316 Traditional Rental Income: $1796 Airbnb ROI: 0.34% Traditional ROI: 0.45%
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.	$759,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 1.97% Airbnb Rental Income: $3882 Traditional Rental Income: $2985 Airbnb ROI: 2.06% Traditional ROI: 1.97%
3048 Park Drive Douglas, MI Rarely does a Douglas home this close to Lake Michigan offer this level of privacy, owners...	3 beds \| 2 baths \| 2,148 sq.ft.	$649,900	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.25% Airbnb Rental Income: $2382 Traditional Rental Income: $2852 Airbnb ROI: -0.49% Traditional ROI: 1.25%
955 W Center Street Douglas, MI Welcome to The Gardens, one of the most enchanting and distinctive properties in the great...	5 beds \| 4 baths \| 2,691 sq.ft.	$1,125,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 1.21% Airbnb Rental Income: $3175 Traditional Rental Income: $4442 Airbnb ROI: -0.69% Traditional ROI: 1.21%
955 - 957 W Center Street Douglas, MI Welcome to The Gardens, one of the most enchanting and distinctive properties in the great...	5 beds \| N/A baths \| N/A	$1,125,000	Airbnb cash on cash: -0.69% Traditional cash on cash: -0.41% Airbnb Rental Income: $3175 Traditional Rental Income: $2756 Airbnb ROI: -0.69% Traditional ROI: -0.41%
320 S Blue Star Highway #1 Douglas, MI Don't miss this fantastic opportunity in the sought-after Northern Lights condominium comm...	2 beds \| 2 baths \| 1,125 sq.ft.	$399,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 1.98% Airbnb Rental Income: $2316 Traditional Rental Income: $1828 Airbnb ROI: 1.74% Traditional ROI: 1.98%
494 Amity Street Douglas, MI Easy one floor living in this well maintained condo with attached garage. This home is bri...	2 beds \| 2 baths \| 1,032 sq.ft.	$349,500	Airbnb cash on cash: 3.01% Traditional cash on cash: 3.11% Airbnb Rental Income: $2316 Traditional Rental Income: $1774 Airbnb ROI: 3.01% Traditional ROI: 3.11%
72 Wilderness Ridge Drive Douglas, MI This arts and crafts style home is located a short distance from Douglas Beach. The expans...	4 beds \| 4 baths \| 2,759 sq.ft.	$1,375,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 1.28% Airbnb Rental Income: $3882 Traditional Rental Income: $4056 Airbnb ROI: 0.49% Traditional ROI: 1.28%
349 Parkside Lane Douglas, MI Here is the beautiful ranch home you have been waiting for in Saugatuck/Douglas! This stun...	3 beds \| 3 baths \| 2,509 sq.ft.	$599,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.8% Airbnb Rental Income: $2382 Traditional Rental Income: $3121 Airbnb ROI: 0.43% Traditional ROI: 2.8%
34 S Spring Street Douglas, MI Beautifully updated 4-bedroom, 3-full-bath home offering 3,794 square feet of spacious liv...	4 beds \| 3 baths \| 3,794 sq.ft.	$1,190,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 1.31% Airbnb Rental Income: $3882 Traditional Rental Income: $3354 Airbnb ROI: 1.03% Traditional ROI: 1.31%
160 Keewatin Way #D Douglas, MI Built in 2017 & extremely well maintained, this spacious condo offers the perfect blend of...	3 beds \| 3 baths \| 2,194 sq.ft.	$739,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 2.54% Airbnb Rental Income: $2382 Traditional Rental Income: $3355 Airbnb ROI: 0.27% Traditional ROI: 2.54%
762 Wilderness Ridge Drive Douglas, MI Centrally located in the heart of Douglas, just moments from the Douglas Beach and the bik...	5 beds \| 4 baths \| 3,748 sq.ft.	$949,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 2.93% Airbnb Rental Income: $3175 Traditional Rental Income: $4444 Airbnb ROI: 0.68% Traditional ROI: 2.93%
702 Golfview Drive #13 Douglas, MI Set privately within WestShore, this striking modern compound unfolds around a pool courty...	4 beds \| 5 baths \| 4,548 sq.ft.	$3,990,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0% Airbnb Rental Income: $3882 Traditional Rental Income: $6206 Airbnb ROI: -0.86% Traditional ROI: 0%
118 S Spring Street Douglas, MI Nestled in the heart of Douglas and just moments from the shops, restaurants, and award-wi...	2 beds \| 2 baths \| 900 sq.ft.	$649,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 0.53% Airbnb Rental Income: $2316 Traditional Rental Income: $1761 Airbnb ROI: 0.5% Traditional ROI: 0.53%
437 Amity Street Douglas, MI This beautiful end-unit condo, located in the highly desirable Amity Condominiums, offers ...	4 beds \| 3 baths \| 2,150 sq.ft.	$519,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 3.41% Airbnb Rental Income: $3882 Traditional Rental Income: $3166 Airbnb ROI: 3.16% Traditional ROI: 3.41%
181 S Union Street Douglas, MI Sold to Reserved Prospect before broadcast	3 beds \| 2 baths \| 1,718 sq.ft.	$850,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 0.8% Airbnb Rental Income: $2382 Traditional Rental Income: $2454 Airbnb ROI: -0.03% Traditional ROI: 0.8%

Real Estate investment in Douglas, MI

There are 26 properties for sale in the city of Douglas . The median list price in Douglas is $869,480 and the average price per square foot is $406. In August 2026, the average monthly cash on cash return in Douglas is 1.00%. The average monthly rental income in Douglas is $2,330.

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

There are 26 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 $2,382.

Your search for investment property begins and ends here

Investment Property for Sale in Douglas, MI

212 W Randolph Street

Douglas, MI

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

$759,995

Airbnb cash on cash: -0.16%

Traditional cash on cash: 0.44%

Airbnb Rental Income: $2382

Traditional Rental Income: $2219

Airbnb ROI: -0.16%

Traditional ROI: 0.44%

320 Blue Star Highway #35

Douglas, MI

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

$420,000

Airbnb cash on cash: -0.43%

Traditional cash on cash: 1.17%

Airbnb Rental Income: $2316

Traditional Rental Income: $2371

Airbnb ROI: -0.43%

Traditional ROI: 1.17%

156 S Union Street

Douglas, MI

2 beds | 2 baths | 1,574 sq.ft.

$695,000

Airbnb cash on cash: -0.12%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $2316

Traditional Rental Income: $1793

Airbnb ROI: -0.12%

Traditional ROI: -0.04%

36 Center Street #6

Douglas, MI

2 beds | 1 baths | 1,067 sq.ft.

$559,900

Airbnb cash on cash: 0.34%

Traditional cash on cash: 0.45%

Airbnb Rental Income: $2316

Traditional Rental Income: $1796

Airbnb ROI: 0.34%

Traditional ROI: 0.45%

319 S Union Street

Douglas, MI

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

$759,000

Airbnb cash on cash: 2.06%

Traditional cash on cash: 1.97%

Airbnb Rental Income: $3882

Traditional Rental Income: $2985

Airbnb ROI: 2.06%

Traditional ROI: 1.97%

3048 Park Drive

Douglas, MI

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

$649,900

Airbnb cash on cash: -0.49%

Traditional cash on cash: 1.25%

Airbnb Rental Income: $2382

Traditional Rental Income: $2852

Airbnb ROI: -0.49%

Traditional ROI: 1.25%

955 W Center Street

Douglas, MI

5 beds | 4 baths | 2,691 sq.ft.

$1,125,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 1.21%

Airbnb Rental Income: $3175

Traditional Rental Income: $4442

Airbnb ROI: -0.69%

Traditional ROI: 1.21%

955 - 957 W Center Street

Douglas, MI

5 beds | N/A baths | N/A

$1,125,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: -0.41%

Airbnb Rental Income: $3175

Traditional Rental Income: $2756

Airbnb ROI: -0.69%