Real Estate Investment Properties for Sale in Manistee, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1824 Parkdale Avenue Manistee, MI Discover the potential in this 2 bedroom home in the Parkdale corridor of US31, Sitting on...	2 beds \| 1 baths \| 840 sq.ft.	$110,000	Airbnb cash on cash: 6.78% Traditional cash on cash: 10.58% Airbnb Rental Income: $1439 Traditional Rental Income: $1415 Airbnb ROI: 6.78% Traditional ROI: 10.58%
143 Joslin Cove Drive Manistee, MI Move in ready fully furnished 3 bedroom 2 & 1/2 bath condo on Manistee lake with a 30ft do...	3 beds \| N/A baths \| 1,476 sq.ft.	$429,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 3.66% Airbnb Rental Income: $1377 Traditional Rental Income: $3026 Airbnb ROI: -1.48% Traditional ROI: 3.66%
307 2nd Avenue Manistee, MI Excellent investment opportunity in the City of Manistee with this solid brick Mid-Century...	4 beds \| 2 baths \| 2,726 sq.ft.	$269,000	Airbnb cash on cash: 3.88% Traditional cash on cash: 7.17% Airbnb Rental Income: $2148 Traditional Rental Income: $2435 Airbnb ROI: 3.88% Traditional ROI: 7.17%
304 1st Avenue Manistee, MI The Northside of Manistee has definitely been discovered as a great place to live or vacat...	4 beds \| 2 baths \| 1,413 sq.ft.	$289,000	Airbnb cash on cash: 3.28% Traditional cash on cash: 5.42% Airbnb Rental Income: $2148 Traditional Rental Income: $2184 Airbnb ROI: 3.28% Traditional ROI: 5.42%
70 Brookharbor S Manistee, MI Updated two bedroom, two bath condo in coveted Harbor Village! This well maintained unit i...	2 beds \| 2 baths \| 955 sq.ft.	$369,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.22% Airbnb Rental Income: $1439 Traditional Rental Income: $1443 Airbnb ROI: -1.03% Traditional ROI: 0.22%
361 2nd Street Manistee, MI Historic 1900 Craftsman Bungalow in Prime Manistee Location. Step into this charming 3-sto...	4 beds \| N/A baths \| 2,844 sq.ft.	$481,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.49% Airbnb Rental Income: $2148 Traditional Rental Income: $3120 Airbnb ROI: 1.12% Traditional ROI: 4.49%
3800 Grant Highway Manistee, MI 3 bed 2 bath farmhouse on over 4 acres completely remodeled! Brand new furnace and AC , wi...	3 beds \| 2 baths \| 1,512 sq.ft.	$265,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.83% Airbnb Rental Income: $1258 Traditional Rental Income: $2123 Airbnb ROI: 0.77% Traditional ROI: 5.83%
2264 Revolt Road Manistee, MI Updated 3-Bedroom Home on 40 Acres - Just North of Manistee. Enjoy space, privacy, & conve...	3 beds \| 1 baths \| 1,032 sq.ft.	$309,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.92% Airbnb Rental Income: $1377 Traditional Rental Income: $1606 Airbnb ROI: 0.7% Traditional ROI: 2.92%
115 Mckee Street Manistee, MI Charming, Renovated 3-Bedroom Home with Historic Firehouse Barn Near Lake Michigan! Move-i...	3 beds \| N/A baths \| 1,942 sq.ft.	$235,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 3.71% Airbnb Rental Income: $1377 Traditional Rental Income: $1448 Airbnb ROI: 1.51% Traditional ROI: 3.71%
1972 Pine Ridge Drive Manistee, MI Well maintained 3 Bedroom 3 Bathroom condo located at the Pine Ridge Condominiums in desir...	3 beds \| 3 baths \| 2,162 sq.ft.	$369,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 5.33% Airbnb Rental Income: $1377 Traditional Rental Income: $3070 Airbnb ROI: -0.77% Traditional ROI: 5.33%
721 Merkey Road W Manistee, MI This 2300 sq ft home has had a total revamp, situated on a quiet lot just over a half acre...	4 beds \| N/A baths \| 2,304 sq.ft.	$250,000	Airbnb cash on cash: 3.34% Traditional cash on cash: 8.82% Airbnb Rental Income: $2148 Traditional Rental Income: $2895 Airbnb ROI: 3.34% Traditional ROI: 8.82%
10856 Pine Creek Road Manistee, MI Through no fault of it's own, this property is active again, due to buyer's contingency no...	2 beds \| 1 baths \| 600 sq.ft.	$205,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 4.02% Airbnb Rental Income: $1439 Traditional Rental Income: $1372 Airbnb ROI: 2.16% Traditional ROI: 4.02%
197 Joslin Cove Drive Manistee, MI Finished move in ready Waterfront Townhouse with a 25' boat slip and a 2 car attached gara...	2 beds \| N/A baths \| 1,332 sq.ft.	$349,000	Airbnb cash on cash: -0.66% Traditional cash on cash: 3.44% Airbnb Rental Income: $1439 Traditional Rental Income: $2352 Airbnb ROI: -0.66% Traditional ROI: 3.44%
221 5th Street Manistee, MI Opportunity to own a multi-unit building in Manistee. Retail space & amazing storage on 1s...	3 beds \| N/A baths \| N/A	$159,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 4.48% Airbnb Rental Income: $1377 Traditional Rental Income: $1297 Airbnb ROI: 2.25% Traditional ROI: 4.48%
2404 Bialik Road Manistee, MI Looking for a place to slow down and enjoy the quiet? This 5.46-acre property is heavily w...	2 beds \| 1 baths \| 800 sq.ft.	$137,500	Airbnb cash on cash: 4.69% Traditional cash on cash: 4.67% Airbnb Rental Income: $1439 Traditional Rental Income: $1007 Airbnb ROI: 4.69% Traditional ROI: 4.67%
94 Charter Court Manistee, MI Best of all worlds! A condo in Harbor Village in Manistee offers you maintenance free owne...	3 beds \| N/A baths \| 1,863 sq.ft.	$490,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 2.12% Airbnb Rental Income: $1377 Traditional Rental Income: $2559 Airbnb ROI: -1.38% Traditional ROI: 2.12%
299 5th Avenue Manistee, MI MOTIVATED SELLER! Discover the perfect blend of charm and location in this delightful 3-be...	5 beds \| 2 baths \| 1,740 sq.ft.	$269,900	Airbnb cash on cash: 3.78% Traditional cash on cash: 7.65% Airbnb Rental Income: $2100 Traditional Rental Income: $2548 Airbnb ROI: 3.78% Traditional ROI: 7.65%
1933 Pine Ridge Drive Manistee, MI You won't want to miss this opportunity to own a beautiful BRAND-NEW condominium in this q...	3 beds \| 3 baths \| 2,162 sq.ft.	$419,000	Airbnb cash on cash: -1.24% Traditional cash on cash: 3.57% Airbnb Rental Income: $1377 Traditional Rental Income: $2849 Airbnb ROI: -1.24% Traditional ROI: 3.57%
1514 Main Street Manistee, MI Discover what is possible on Main Street! This well maintained home is looking for it's ne...	2 beds \| 1 baths \| 1,752 sq.ft.	$105,000	Airbnb cash on cash: 6.59% Traditional cash on cash: 11.92% Airbnb Rental Income: $1439 Traditional Rental Income: $1553 Airbnb ROI: 6.59% Traditional ROI: 11.92%
2073 Gunn Road Manistee, MI Where peace and quiet meets a bustling business, step onto this 2.5 acre parcel situated i...	2 beds \| 1 baths \| 800 sq.ft.	$282,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 3.66% Airbnb Rental Income: $1439 Traditional Rental Income: $1618 Airbnb ROI: 1.37% Traditional ROI: 3.66%
439 9th Street Manistee, MI Rare opportunity to own this Barndominium style property. Located just blocks from downtow...	1 beds \| 1 baths \| 930 sq.ft.	$199,900	Airbnb cash on cash: 1.11% Traditional cash on cash: 6.8% Airbnb Rental Income: $841 Traditional Rental Income: $1591 Airbnb ROI: 1.11% Traditional ROI: 6.8%
3801 Lakeshore Drive Manistee, MI Welcome to this beautifully updated contemporary lakefront retreat in the much sought-afte...	5 beds \| 4 baths \| 2,952 sq.ft.	$1,399,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 2.06% Airbnb Rental Income: $2100 Traditional Rental Income: $4665 Airbnb ROI: -0.33% Traditional ROI: 2.06%
200 National Drive Manistee, MI Now offering a 2-1 interest rate buy down furnished by the seller at closing! Call for det...	4 beds \| 3 baths \| 2,800 sq.ft.	$735,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.37% Airbnb Rental Income: $2148 Traditional Rental Income: $3527 Airbnb ROI: -0.44% Traditional ROI: 2.37%
214 Arthur Street Manistee, MI High-Visibility Investment Opportunity! This 1,944 sq. ft. versatile triplex in Manistee's...	1 beds \| N/A baths \| N/A	$245,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 3.51% Airbnb Rental Income: $841 Traditional Rental Income: $1655 Airbnb ROI: -1.43% Traditional ROI: 3.51%
7590 Caberfae Highway Manistee, MI Investor opportunity at 7590 Caberfae Highway, a 3-bedroom, 1-bath home set on nearly 10 a...	3 beds \| 1 baths \| 1,600 sq.ft.	$150,000	Airbnb cash on cash: 3.49% Traditional cash on cash: 8.33% Airbnb Rental Income: $1377 Traditional Rental Income: $1652 Airbnb ROI: 3.49% Traditional ROI: 8.33%
211 Skocelas Road N Manistee, MI Welcome to 211 Skocelas Rd, Manistee. Situated on a small, easy to maintain lot with plent...	2 beds \| 1 baths \| 680 sq.ft.	$110,000	Airbnb cash on cash: 6.71% Traditional cash on cash: 10.07% Airbnb Rental Income: $1439 Traditional Rental Income: $1368 Airbnb ROI: 6.71% Traditional ROI: 10.07%
1835 Surfside Drive Manistee, MI Welcome to your lakeside retreat! This beautifully maintained 3-bedroom, 3.5-bath home off...	3 beds \| N/A baths \| 3,180 sq.ft.	$1,250,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 2.1% Airbnb Rental Income: $1377 Traditional Rental Income: $4107 Airbnb ROI: -0.61% Traditional ROI: 2.1%
317 Fifth Avenue unit: 2 #2 Manistee, MI If you've been dreaming of waterfront living with the charm this 2-bedroom, 1-bath condo a...	2 beds \| 1 baths \| 971 sq.ft.	$262,000	Airbnb cash on cash: -1.59% Traditional cash on cash: 0.7% Airbnb Rental Income: $1439 Traditional Rental Income: $1577 Airbnb ROI: -1.59% Traditional ROI: 0.7%
15 Lakeshore Drive Manistee, MI Rare Lake Michigan Mid-Century Gem! This cottage offers incredible potential for investors...	3 beds \| 1 baths \| 1,010 sq.ft.	$725,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1% Airbnb Rental Income: $1377 Traditional Rental Income: $1586 Airbnb ROI: 0.08% Traditional ROI: 1%
2564 Bialik Road Manistee, MI Move in ready! Seller Motivated, bring any reasonable offer! Magnificent well maintained h...	2 beds \| 2 baths \| 1,056 sq.ft.	$295,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.49% Airbnb Rental Income: $1439 Traditional Rental Income: $1758 Airbnb ROI: 1.8% Traditional ROI: 4.49%
2898 Linwood Road Manistee, MI Well maintained 4 bedroom 3 bath single story home sitting on almost 3/4 of an acre. Newer...	4 beds \| 3 baths \| 2,152 sq.ft.	$375,000	Airbnb cash on cash: 2.82% Traditional cash on cash: 7.35% Airbnb Rental Income: $2148 Traditional Rental Income: $3196 Airbnb ROI: 2.82% Traditional ROI: 7.35%
153 14th Street Manistee, MI Charming 3-Bedroom with Major Updates & Extra Lot! This 3-bedroom, 1-bath home offers soli...	3 beds \| 1 baths \| 1,000 sq.ft.	$135,000	Airbnb cash on cash: 4.8% Traditional cash on cash: 8.43% Airbnb Rental Income: $1377 Traditional Rental Income: $1429 Airbnb ROI: 4.8% Traditional ROI: 8.43%
274 6th Avenue Manistee, MI If you've been dreaming of waterfront living, without the Waterfront pricing or taxes, Thi...	3 beds \| 1 baths \| 1,150 sq.ft.	$223,500	Airbnb cash on cash: 2.57% Traditional cash on cash: 5.33% Airbnb Rental Income: $1377 Traditional Rental Income: $1542 Airbnb ROI: 2.57% Traditional ROI: 5.33%
361 5th Street Manistee, MI Beautifully updated Victorian Triplex on a quiet corner lot in the heart of Manistee! Over...	5 beds \| 3 baths \| 2,857 sq.ft.	$329,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 6.19% Airbnb Rental Income: $2100 Traditional Rental Income: $3017 Airbnb ROI: 1.48% Traditional ROI: 6.19%
159 Jackson Street Manistee, MI Location Location Location! Situated between Manistee Lake, Lake Michigan & close to downt...	3 beds \| 1 baths \| 2,526 sq.ft.	$157,000	Airbnb cash on cash: 3.81% Traditional cash on cash: 9.55% Airbnb Rental Income: $1377 Traditional Rental Income: $1820 Airbnb ROI: 3.81% Traditional ROI: 9.55%
2521 Crescent Beach Road Manistee, MI Perched on a hilltop overlooking Portage Lake with 300' of shared but private beach fronta...	3 beds \| 3 baths \| 2,842 sq.ft.	$849,000	Airbnb cash on cash: -1.26% Traditional cash on cash: 1.88% Airbnb Rental Income: $1377 Traditional Rental Income: $3447 Airbnb ROI: -1.26% Traditional ROI: 1.88%
9670 S County Line Road Manistee, MI Tucked away along 847 feet of premium LITTLE MANISTEE RIVER FRONTAGE, this nearly 24 acre ...	4 beds \| 4 baths \| 3,437 sq.ft.	$1,095,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.06% Airbnb Rental Income: $2148 Traditional Rental Income: $4574 Airbnb ROI: 0.15% Traditional ROI: 3.06%
1384 Olson Road Manistee, MI Nestled on 7 private acres adjoining State land, this beautiful log home offers the perfec...	2 beds \| 2 baths \| 1,550 sq.ft.	$459,900	Airbnb cash on cash: 0.22% Traditional cash on cash: 2.8% Airbnb Rental Income: $1439 Traditional Rental Income: $2118 Airbnb ROI: 0.22% Traditional ROI: 2.8%
411 Polen Road Manistee, MI Location, Location!! Serenity & Seclusion yet close to town. This home was remodeled in 20...	2 beds \| 1 baths \| 1,136 sq.ft.	$299,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.68% Airbnb Rental Income: $1439 Traditional Rental Income: $1573 Airbnb ROI: 1.69% Traditional ROI: 3.68%
149 Jackson Street Manistee, MI Wonderful remodeled 5 bedroom home; every surfaced touched to high standards. Even the gar...	5 beds \| 2 baths \| 2,392 sq.ft.	$349,900	Airbnb cash on cash: 2.23% Traditional cash on cash: 5.57% Airbnb Rental Income: $2100 Traditional Rental Income: $2659 Airbnb ROI: 2.23% Traditional ROI: 5.57%

Real Estate investment in Manistee, MI

There are 55 properties for sale in the city of Manistee . The median list price in Manistee is $295,000 and the average price per square foot is $161. In November 2025, the average monthly cash on cash return in Manistee is 4.00%. The average monthly rental income in Manistee is $2,123.

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

There are 55 investment properties available for sale in Manistee.

In 2025, the best neighborhood to buy investment property is Manistee.

The ROI for Long-Term is higher than the Short-Term in Manistee with average rental income of $2,123.

Your search for investment property begins and ends here

Investment Property for Sale in Manistee, MI

1824 Parkdale Avenue

Manistee, MI

2 beds | 1 baths | 840 sq.ft.

$110,000

Airbnb cash on cash: 6.78%

Traditional cash on cash: 10.58%

Airbnb Rental Income: $1439

Traditional Rental Income: $1415

Airbnb ROI: 6.78%

Traditional ROI: 10.58%

143 Joslin Cove Drive

Manistee, MI

3 beds | N/A baths | 1,476 sq.ft.

$429,000

Airbnb cash on cash: -1.48%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $1377

Traditional Rental Income: $3026

Airbnb ROI: -1.48%

Traditional ROI: 3.66%

307 2nd Avenue

Manistee, MI

4 beds | 2 baths | 2,726 sq.ft.

$269,000

Airbnb cash on cash: 3.88%

Traditional cash on cash: 7.17%

Airbnb Rental Income: $2148

Traditional Rental Income: $2435

Airbnb ROI: 3.88%

Traditional ROI: 7.17%

304 1st Avenue

Manistee, MI

4 beds | 2 baths | 1,413 sq.ft.

$289,000

Airbnb cash on cash: 3.28%

Traditional cash on cash: 5.42%

Airbnb Rental Income: $2148

Traditional Rental Income: $2184

Airbnb ROI: 3.28%

Traditional ROI: 5.42%

70 Brookharbor S

Manistee, MI

2 beds | 2 baths | 955 sq.ft.

$369,000

Airbnb cash on cash: -1.03%

Traditional cash on cash: 0.22%

Airbnb Rental Income: $1439

Traditional Rental Income: $1443

Airbnb ROI: -1.03%

Traditional ROI: 0.22%

361 2nd Street

Manistee, MI

4 beds | N/A baths | 2,844 sq.ft.

$481,000

Airbnb cash on cash: 1.12%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $2148

Traditional Rental Income: $3120

Airbnb ROI: 1.12%

Traditional ROI: 4.49%

3800 Grant Highway

Manistee, MI

3 beds | 2 baths | 1,512 sq.ft.

$265,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 5.83%

Airbnb Rental Income: $1258

Traditional Rental Income: $2123

Airbnb ROI: 0.77%

Traditional ROI: 5.83%

2264 Revolt Road

Manistee, MI

3 beds | 1 baths | 1,032 sq.ft.

$309,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 2.92%

Airbnb Rental Income: $1377

Traditional Rental Income: $1606

Airbnb ROI: 0.7%