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
430 W Center Street Douglas, MI Nestled along the main route to Oval Beachâone of the region's most sought-after locatio...	2 beds \| 2 baths \| 2,509 sq.ft.	$789,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.31% Airbnb Rental Income: $2238 Traditional Rental Income: $2542 Airbnb ROI: -0.86% Traditional ROI: 0.31%
15 E Wall Street Douglas, MI Rare investment opportunity. Highly profitable vacation rental property located in the hea...	5 beds \| 4 baths \| 1,679 sq.ft.	$899,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 1.47% Airbnb Rental Income: $3474 Traditional Rental Income: $2897 Airbnb ROI: 1.24% Traditional ROI: 1.47%
6 Cider Hill Lane Douglas, MI A rare find in the beach and harbor communities of Douglas and Saugatuck, Cider Hill Lane ...	4 beds \| 3 baths \| 2,420 sq.ft.	$655,000	Airbnb cash on cash: 1.6% Traditional cash on cash: 2.45% Airbnb Rental Income: $3076 Traditional Rental Income: $2889 Airbnb ROI: 1.6% Traditional ROI: 2.45%
36 RANDOLPH STREET Douglas, MI Looking for quality construction in the Saugatuck-Douglas area? Discover timeless elegance...	4 beds \| 6 baths \| 5,932 sq.ft.	$1,695,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.48% Airbnb Rental Income: $3076 Traditional Rental Income: $6648 Airbnb ROI: -0.24% Traditional ROI: 2.48%
148 S Union Street Douglas, MI Own a Piece of Douglas History - The Iconic ''Wishing Well House.'' Step into the timeless...	5 beds \| 4 baths \| 3,536 sq.ft.	$1,485,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 1.02% Airbnb Rental Income: $3474 Traditional Rental Income: $3706 Airbnb ROI: 0.3% Traditional ROI: 1.02%
603 Campbell Road Douglas, MI It will be love at first sight when you visit this lakeshore home full of light and tastef...	4 beds \| 3 baths \| 1,872 sq.ft.	$995,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.24% Airbnb Rental Income: $3076 Traditional Rental Income: $2859 Airbnb ROI: -0.28% Traditional ROI: 0.24%
439 Summer Grove Drive Douglas, MI Summer Grove Community is Location in the Village of Douglas close to Lake Michigan Beach...	3 beds \| 3 baths \| 2,136 sq.ft.	$479,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 3.62% Airbnb Rental Income: $2541 Traditional Rental Income: $3082 Airbnb ROI: 1.05% Traditional ROI: 3.62%
440 Water Street Douglas, MI DON'T LET THE SMALL SIZE FOOL YOU!!! This 2 bedroom, 2 bath cottage feels SO much bigger. ...	2 beds \| 2 baths \| 770 sq.ft.	$619,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 0.72% Airbnb Rental Income: $2238 Traditional Rental Income: $1751 Airbnb ROI: 0.59% Traditional ROI: 0.72%
424 Summer Grove Drive Douglas, MI Charming Storybook Cottage in Summer Grove! This great home has a welcoming covered front ...	3 beds \| 2 baths \| 1,660 sq.ft.	$495,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 2.03% Airbnb Rental Income: $2541 Traditional Rental Income: $2567 Airbnb ROI: 0.65% Traditional ROI: 2.03%
108 S Union Street Douglas, MI INCREDIBLE OPPORTUNITY to make your home in the heart of Douglas! This beautifully-situate...	N/A beds \| N/A baths \| N/A	$775,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 0.46% Airbnb Rental Income: $2267 Traditional Rental Income: $1700 Airbnb ROI: 0.46% Traditional ROI: 0.46%
157 N Main Street Douglas, MI Craving the art, culture, and walkability of Saugatuck, but at a more relaxed pace? This c...	4 beds \| 2 baths \| 2,185 sq.ft.	$945,531	Airbnb cash on cash: 0.29% Traditional cash on cash: 0.85% Airbnb Rental Income: $3076 Traditional Rental Income: $2865 Airbnb ROI: 0.29% Traditional ROI: 0.85%
36 N Union Street Douglas, MI Welcome to this beautiful and spacious home in the heart of downtown Douglas, where comfor...	5 beds \| 2 baths \| 2,552 sq.ft.	$975,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 0.65% Airbnb Rental Income: $3474 Traditional Rental Income: $2866 Airbnb ROI: 0.47% Traditional ROI: 0.65%
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: 0.03% Traditional cash on cash: 0.44% Airbnb Rental Income: $2541 Traditional Rental Income: $2219 Airbnb ROI: 0.03% Traditional ROI: 0.44%
110 Keewatin Court #15 Douglas, MI Experience relaxed resort town living at this Boardwalk at Swing Bridge Condominium. This ...	3 beds \| 3 baths \| 2,220 sq.ft.	$775,000	Airbnb cash on cash: -1.01% Traditional cash on cash: 0.92% Airbnb Rental Income: $2541 Traditional Rental Income: $3318 Airbnb ROI: -1.01% Traditional ROI: 0.92%
453 Amity Street #15 Douglas, MI This is THE MOST BEAUTIFUL Amity Condo unit you have ever seen! Sellers have updated the i...	2 beds \| 2 baths \| 1,650 sq.ft.	$485,000	Airbnb cash on cash: 0.46% Traditional cash on cash: 1.98% Airbnb Rental Income: $2238 Traditional Rental Income: $2366 Airbnb ROI: 0.46% Traditional ROI: 1.98%
39 Ellis Street #1 Douglas, MI Location, Location, Location!!! This quaint condo is in the heart of Downtown Douglas ...	2 beds \| 2 baths \| 896 sq.ft.	$349,900	Airbnb cash on cash: 1.63% Traditional cash on cash: 1.75% Airbnb Rental Income: $2238 Traditional Rental Income: $1716 Airbnb ROI: 1.63% Traditional ROI: 1.75%
218 Westshore Douglas, MI Step into 5,500 square feet of brand-new luxury in the heart of Saugatuck-Douglasâan STR...	5 beds \| 5 baths \| 4,000 sq.ft.	$1,065,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.78% Airbnb Rental Income: $3474 Traditional Rental Income: $5612 Airbnb ROI: -0.16% Traditional ROI: 2.78%
210 Garden Terrace #A Douglas, MI Lives like house, not a condo! Immediate occupancy available. Luxurious care-free Condo li...	3 beds \| 3 baths \| 2,158 sq.ft.	$599,000	Airbnb cash on cash: -1.1% Traditional cash on cash: 1% Airbnb Rental Income: $2541 Traditional Rental Income: $3106 Airbnb ROI: -1.1% Traditional ROI: 1%
99 Ferry Street Douglas, MI A Hidden Gem in Douglas - The perfect blend of privacy and convenience. Discover this spec...	3 beds \| 2 baths \| 1,700 sq.ft.	$895,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 0.53% Airbnb Rental Income: $2541 Traditional Rental Income: $2635 Airbnb ROI: -0.32% Traditional ROI: 0.53%
201 Outlook Drive #A Douglas, MI Welcome to Douglas Harbor Village in the heart of Downtown Douglas! This 2 bedroom and 2.5...	2 beds \| 3 baths \| 1,296 sq.ft.	$499,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.32% Airbnb Rental Income: $2238 Traditional Rental Income: $2371 Airbnb ROI: -0.17% Traditional ROI: 1.32%
482 SUMMER GROVE DRIVE Douglas, MI Douglas, MI is calling! Nestled in the sought-after Summer Grove neighborhood, 482 Summer ...	3 beds \| 4 baths \| 2,716 sq.ft.	$575,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 3.24% Airbnb Rental Income: $2541 Traditional Rental Income: $3298 Airbnb ROI: 0.69% Traditional ROI: 3.24%
460 Fremont Street Douglas, MI This is the one you've been waiting for. Stunning one floor mid century ranch beauty on a...	3 beds \| 3 baths \| 2,719 sq.ft.	$1,200,000	Airbnb cash on cash: -0.05% Traditional cash on cash: 1.45% Airbnb Rental Income: $2541 Traditional Rental Income: $3603 Airbnb ROI: -0.05% Traditional ROI: 1.45%
283 Wiley Road Douglas, MI Charming Cottage, impeccable design suited for resort living in popular west coast of Lake...	2 beds \| 2 baths \| 1,100 sq.ft.	$799,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 0.93% Airbnb Rental Income: $2238 Traditional Rental Income: $1976 Airbnb ROI: 0.52% Traditional ROI: 0.93%
469 Summer Grove Drive #58 Douglas, MI Welcome to Summer Grove, where lifestyle meets timeless charm. This newly remodeled, ready...	5 beds \| 3 baths \| 3,034 sq.ft.	$599,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 3.14% Airbnb Rental Income: $3474 Traditional Rental Income: $3204 Airbnb ROI: 2.25% Traditional ROI: 3.14%
201c Outlook Dr #(8) Douglas, MI Welcome to 201C Outlook Drive, located in the highly sought-after Douglas Harbor Villageâ...	2 beds \| 2 baths \| 1,296 sq.ft.	$499,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 1.06% Airbnb Rental Income: $2238 Traditional Rental Income: $2073 Airbnb ROI: 0.21% Traditional ROI: 1.06%
284 Riverview Drive Douglas, MI Expansive views with 100 ft on the Kalamazoo River in Sandpiper Bay and views of Mt. Baldy...	5 beds \| 4 baths \| 3,959 sq.ft.	$1,200,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.07% Airbnb Rental Income: $3474 Traditional Rental Income: $4657 Airbnb ROI: 0.32% Traditional ROI: 2.07%
433 Amity Street #3 Douglas, MI Contemporary Living Near Lake Michigan. This spacious 2,200 sq. ft. walk-out condo is the ...	2 beds \| 2 baths \| 2,200 sq.ft.	$495,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.75% Airbnb Rental Income: $2238 Traditional Rental Income: $2664 Airbnb ROI: 0.61% Traditional ROI: 2.75%
471 Summer Grove Drive #57 Douglas, MI This exceptional former model home in the Summer Grove development is now available. Ideal...	5 beds \| 4 baths \| 2,808 sq.ft.	$589,000	Airbnb cash on cash: 2.33% Traditional cash on cash: 2.55% Airbnb Rental Income: $3474 Traditional Rental Income: $2825 Airbnb ROI: 2.33% Traditional ROI: 2.55%
37 Chestnut Street Douglas, MI 37 W Chestnut is a beautifully maintained cottage that lives much larger than its footprin...	2 beds \| 1 baths \| 789 sq.ft.	$610,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 0.66% Airbnb Rental Income: $2238 Traditional Rental Income: $1413 Airbnb ROI: 1.12% Traditional ROI: 0.66%
476 Amity Street #18 Douglas, MI Tucked into a quiet neighborhood just 1 mile from downtown Douglas and 1 mile to the Lakes...	2 beds \| 3 baths \| 1,683 sq.ft.	$425,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 3.43% Airbnb Rental Income: $2238 Traditional Rental Income: $2567 Airbnb ROI: 1.19% Traditional ROI: 3.43%
342 A Mariners Cove Douglas, MI Truly the Best View at Mariner's Cove! This waterfront end-unit condo offers breathtaking...	2 beds \| 3 baths \| 1,425 sq.ft.	$585,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 1.28% Airbnb Rental Income: $2238 Traditional Rental Income: $2652 Airbnb ROI: -0.51% Traditional ROI: 1.28%
342 Mariners Cove #D Douglas, MI Welcome to Mariners Cove in charming Douglas! This updated 1-bedroom, 2-bath waterfront co...	1 beds \| 2 baths \| 928 sq.ft.	$499,000	Airbnb cash on cash: -2.58% Traditional cash on cash: -0.53% Airbnb Rental Income: $1418 Traditional Rental Income: $1946 Airbnb ROI: -2.58% Traditional ROI: -0.53%
450 Summer Grv Drive Douglas, MI Summer Grove's most high-end, high-tech, one owner, custom home is the ultimate in modern ...	3 beds \| 3 baths \| 1,920 sq.ft.	$749,900	Airbnb cash on cash: 0.45% Traditional cash on cash: 1.9% Airbnb Rental Income: $2541 Traditional Rental Income: $2943 Airbnb ROI: 0.45% Traditional ROI: 1.9%

Real Estate investment in Douglas, MI

There are 33 properties for sale in the city of Douglas . The median list price in Douglas is $655,000 and the average price per square foot is $304. In September 2025, the average monthly cash on cash return in Douglas is 1.00%. The average monthly rental income in Douglas is $2,825.

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

There are 33 investment properties available for sale in Douglas.

In 2025, 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 $2,541.

Your search for investment property begins and ends here

Investment Property for Sale in Douglas, MI

430 W Center Street

Douglas, MI

2 beds | 2 baths | 2,509 sq.ft.

$789,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 0.31%

Airbnb Rental Income: $2238

Traditional Rental Income: $2542

Airbnb ROI: -0.86%

Traditional ROI: 0.31%

15 E Wall Street

Douglas, MI

5 beds | 4 baths | 1,679 sq.ft.

$899,000

Airbnb cash on cash: 1.24%

Traditional cash on cash: 1.47%

Airbnb Rental Income: $3474

Traditional Rental Income: $2897

Airbnb ROI: 1.24%

Traditional ROI: 1.47%

6 Cider Hill Lane

Douglas, MI

4 beds | 3 baths | 2,420 sq.ft.

$655,000

Airbnb cash on cash: 1.6%

Traditional cash on cash: 2.45%

Airbnb Rental Income: $3076

Traditional Rental Income: $2889

Airbnb ROI: 1.6%

Traditional ROI: 2.45%

36 RANDOLPH STREET

Douglas, MI

4 beds | 6 baths | 5,932 sq.ft.

$1,695,000

Airbnb cash on cash: -0.24%

Traditional cash on cash: 2.48%

Airbnb Rental Income: $3076

Traditional Rental Income: $6648

Airbnb ROI: -0.24%

Traditional ROI: 2.48%

148 S Union Street

Douglas, MI

5 beds | 4 baths | 3,536 sq.ft.

$1,485,000

Airbnb cash on cash: 0.3%

Traditional cash on cash: 1.02%

Airbnb Rental Income: $3474

Traditional Rental Income: $3706

Airbnb ROI: 0.3%

Traditional ROI: 1.02%

603 Campbell Road

Douglas, MI

4 beds | 3 baths | 1,872 sq.ft.

$995,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 0.24%

Airbnb Rental Income: $3076

Traditional Rental Income: $2859

Airbnb ROI: -0.28%

Traditional ROI: 0.24%

439 Summer Grove Drive

Douglas, MI

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

$479,900

Airbnb cash on cash: 1.05%

Traditional cash on cash: 3.62%

Airbnb Rental Income: $2541

Traditional Rental Income: $3082

Airbnb ROI: 1.05%

Traditional ROI: 3.62%

440 Water Street

Douglas, MI

2 beds | 2 baths | 770 sq.ft.

$619,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 0.72%

Airbnb Rental Income: $2238

Traditional Rental Income: $1751

Airbnb ROI: 0.59%