Real Estate Investment Properties for Sale in Houghton Lake, MI

Looking for investment property in Houghton Lake, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
159 Dale Road Houghton Lake, MI Welcome to your dream waterfront retreat! This lake house offers 76 feet of prime frontage...	4 beds \| 2 baths \| 2,416 sq.ft.	$739,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.78% Airbnb Rental Income: $null Traditional Rental Income: $3059 Airbnb ROI: N/A Traditional ROI: 1.78%
108 Desoto Avenue Houghton Lake, MI This charming 2-bedroom, 1-bath home is the perfect fit for a weekend getaway, first-time ...	2 beds \| 1 baths \| N/A	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.36% Airbnb Rental Income: $null Traditional Rental Income: $1576 Airbnb ROI: N/A Traditional ROI: 9.36%
105 Marigold Lane Houghton Lake, MI Welcome to this beautifully updated 3-bedroom, 2-bath, 2000 sq. ft. site-built home locate...	3 beds \| 2 baths \| 2,000 sq.ft.	$285,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.21% Airbnb Rental Income: $null Traditional Rental Income: $2709 Airbnb ROI: N/A Traditional ROI: 8.21%
2457 S Townline Road Houghton Lake, MI Welcome to relaxed lake-life living on Houghton Lake! This cozy and comfortable 3-bedroom,...	2 beds \| 2 baths \| 768 sq.ft.	$269,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.38% Airbnb Rental Income: $null Traditional Rental Income: $2407 Airbnb ROI: N/A Traditional ROI: 6.38%
5490 S Harrison Road Houghton Lake, MI This incredible 46-acre property truly has it all: a beautiful setting, multiple outbuildi...	2 beds \| 2 baths \| 1 sq.ft.	$379,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.6% Airbnb Rental Income: $null Traditional Rental Income: $2321 Airbnb ROI: N/A Traditional ROI: 4.6%
103 Grand Rapids Road Road Houghton Lake, MI The perfect opportunity for lake living! This property sits on calmer west side of Houghto...	2 beds \| 1 baths \| 960 sq.ft.	$129,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.96% Airbnb Rental Income: $null Traditional Rental Income: $1489 Airbnb ROI: N/A Traditional ROI: 8.96%
8110 Perry Rd Houghton Lake, MI Welcome to Hidden Meadows Farm. Situated on almost 17 acres of gently rolling landscape, t...	3 beds \| 1 baths \| 1,374 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $1941 Airbnb ROI: N/A Traditional ROI: 3.63%
4901 River Road Houghton Lake, MI Welcome Up North! This 2-bedroom, 1-bath home is an ideal place for year-round fun. Featur...	2 beds \| 1 baths \| 950 sq.ft.	$145,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.34% Airbnb Rental Income: $null Traditional Rental Income: $1498 Airbnb ROI: N/A Traditional ROI: 8.34%
119 Wilson Avenue Houghton Lake, MI Lakefront cottage with 50 feet of beautiful frontage on Houghton Lake's peaceful southwest...	2 beds \| 1 baths \| 800 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.57% Airbnb Rental Income: $null Traditional Rental Income: $1586 Airbnb ROI: N/A Traditional ROI: 1.57%
4860 W Houghton Lk Houghton Lake, MI Built in 2021, this stunning waterfront home offers 3 bedrooms and 3 baths, thoughtfully d...	3 beds \| 3 baths \| 2,607 sq.ft.	$659,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.06% Airbnb Rental Income: $null Traditional Rental Income: $3495 Airbnb ROI: N/A Traditional ROI: 3.06%
1254 E Federal Ave Houghton Lake, MI Just the Right Price, Just the Right Place! This charming home offers the perfect blend of...	2 beds \| 1 baths \| 1,100 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.18% Airbnb Rental Income: $null Traditional Rental Income: $1987 Airbnb ROI: N/A Traditional ROI: 7.18%
113 Wells Street Houghton Lake, MI Snowmobiles and Side by Sides Come all. Enjoy our 22 thousand Acre, Houghton Lake. This ho...	3 beds \| 2 baths \| 1,300 sq.ft.	$274,700	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $2252 Airbnb ROI: N/A Traditional ROI: 7%
123 Sandpiper Avenue Houghton Lake, MI Charming Updated Home Near Houghton Lake. Welcome to this beautifully updated 2-bedroom, 1...	2 beds \| 2 baths \| 668 sq.ft.	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 11.23% Airbnb Rental Income: $null Traditional Rental Income: $1661 Airbnb ROI: N/A Traditional ROI: 11.23%
3610 Tower Hill Road Houghton Lake, MI Enjoy Up North living in this cozy 2-bed, 1-bath chalet featuring a tongue-and-groove pine...	2 beds \| 1 baths \| 900 sq.ft.	$159,900	Airbnb cash on cash: N/A Traditional cash on cash: 7% Airbnb Rental Income: $null Traditional Rental Income: $1450 Airbnb ROI: N/A Traditional ROI: 7%
128 Wooden Key Drive Houghton Lake, MI PRICE REDUCED on this sharp 3 bed 2+ bath Ranch with daylight basement on a 1/2 acre lot i...	3 beds \| 2 baths \| 3,465 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.99% Airbnb Rental Income: $null Traditional Rental Income: $2463 Airbnb ROI: N/A Traditional ROI: 6.99%
6120 W Houghton Lake Dr Houghton Lake, MI 6120 W Houghton Lake Dr, Houghton Lake, MI 48629 \| Single Family Residential	8 beds \| 4 baths \| 2,606 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.66% Airbnb Rental Income: $null Traditional Rental Income: $2822 Airbnb ROI: N/A Traditional ROI: 1.66%
607 W Federal Ave Houghton Lake, MI This well-maintained home is ideally located within walking distance of one of Michiganâ...	3 beds \| 1 baths \| 1,200 sq.ft.	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.7% Airbnb Rental Income: $null Traditional Rental Income: $1830 Airbnb ROI: N/A Traditional ROI: 6.7%
Lot 12-13 Long Point Dr Houghton Lake, MI Lot 12-13 Long Point Dr, Houghton Lake, MI 48629 \| Other	N/A beds \| N/A baths \| N/A	$129,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.28% Airbnb Rental Income: $null Traditional Rental Income: $816 Airbnb ROI: N/A Traditional ROI: 3.28%

Real Estate investment in Houghton-lake, MI

There are 47 properties for sale in the city of Houghton Lake . The median list price in Houghton Lake is $129,900 and the average price per square foot is $122. In February 2026, the average monthly cash on cash return in Houghton Lake is 8.00%. The average monthly rental income in Houghton Lake is $1,450.

Houghton-lake, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 47 investment properties available for sale in Houghton-lake.

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

The ROI for Short-Term is higher than the Long-Term in Houghton-lake with average rental income of $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Houghton Lake, MI

159 Dale Road

Houghton Lake, MI

4 beds | 2 baths | 2,416 sq.ft.

$739,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.78%

Airbnb Rental Income: $null

Traditional Rental Income: $3059

Airbnb ROI: N/A

Traditional ROI: 1.78%

108 Desoto Avenue

Houghton Lake, MI

2 beds | 1 baths | N/A

$129,900

Airbnb cash on cash: N/A

Traditional cash on cash: 9.36%

Airbnb Rental Income: $null

Traditional Rental Income: $1576

Airbnb ROI: N/A

Traditional ROI: 9.36%

105 Marigold Lane

Houghton Lake, MI

3 beds | 2 baths | 2,000 sq.ft.

$285,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.21%

Airbnb Rental Income: $null

Traditional Rental Income: $2709

Airbnb ROI: N/A

Traditional ROI: 8.21%

2457 S Townline Road

Houghton Lake, MI

2 beds | 2 baths | 768 sq.ft.

$269,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.38%

Airbnb Rental Income: $null

Traditional Rental Income: $2407

Airbnb ROI: N/A

Traditional ROI: 6.38%

5490 S Harrison Road

Houghton Lake, MI

2 beds | 2 baths | 1 sq.ft.

$379,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.6%

Airbnb Rental Income: $null

Traditional Rental Income: $2321

Airbnb ROI: N/A

Traditional ROI: 4.6%

103 Grand Rapids Road Road

Houghton Lake, MI

2 beds | 1 baths | 960 sq.ft.

$129,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.96%

Airbnb Rental Income: $null

Traditional Rental Income: $1489

Airbnb ROI: N/A

Traditional ROI: 8.96%

8110 Perry Rd

Houghton Lake, MI

3 beds | 1 baths | 1,374 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.63%

Airbnb Rental Income: $null

Traditional Rental Income: $1941

Airbnb ROI: N/A

Traditional ROI: 3.63%

4901 River Road

Houghton Lake, MI

2 beds | 1 baths | 950 sq.ft.

$145,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.34%

Airbnb Rental Income: $null

Traditional Rental Income: $1498

Airbnb ROI: N/A