Real Estate Investment Properties for Sale in Petoskey, MI

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1200 CHARLEVOIX AVE 3 Petoskey, MI With a view over the bay almost to the UP, affording you the enjoyment of sunsets and nort...	3 beds \| 3 baths \| 2,191 sq.ft.	$1,200,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 0.43% Airbnb Rental Income: $2131 Traditional Rental Income: $3396 Airbnb ROI: -1.19% Traditional ROI: 0.43%
814 Harbor Watch #65 Petoskey, MI Stunning Harbor Watch home Petoskey offers luxurious lakefront living with breathtaking la...	4 beds \| 4 baths \| 2,980 sq.ft.	$949,000	Airbnb cash on cash: -5.77% Traditional cash on cash: -4.84% Airbnb Rental Income: $3572 Traditional Rental Income: $3608 Airbnb ROI: -5.77% Traditional ROI: -4.84%
869 SURREY LANE Petoskey, MI Tucked away on a quiet cul-de-sac just behind the Bay View Golf Club, this thoughtfully up...	4 beds \| 3 baths \| 2,951 sq.ft.	$589,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 3.02% Airbnb Rental Income: $3572 Traditional Rental Income: $3144 Airbnb ROI: 2.37% Traditional ROI: 3.02%
606 State Petoskey, MI Downtown Dream in Petoskey! Welcome to this stunning 4 bedroom, 4 full-bath & 1 half-bath ...	4 beds \| 5 baths \| 3,336 sq.ft.	$1,250,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.38% Airbnb Rental Income: $3572 Traditional Rental Income: $4638 Airbnb ROI: -0.21% Traditional ROI: 1.38%
102 State Petoskey, MI This thoughtfully restored classic Victorian home provides exceptional flexibility, curren...	4 beds \| 3 baths \| 1,904 sq.ft.	$499,000	Airbnb cash on cash: 3.25% Traditional cash on cash: 3.07% Airbnb Rental Income: $3572 Traditional Rental Income: $2703 Airbnb ROI: 3.25% Traditional ROI: 3.07%
202 Wesley Petoskey, MI Located just blocks from downtown Petoskey, this 3-bedroom, 1-bath home offers charm, func...	3 beds \| 1 baths \| 1,130 sq.ft.	$314,900	Airbnb cash on cash: 2.52% Traditional cash on cash: 2.91% Airbnb Rental Income: $2131 Traditional Rental Income: $1703 Airbnb ROI: 2.52% Traditional ROI: 2.91%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 1.68% Traditional cash on cash: 3.16% Airbnb Rental Income: $1641 Traditional Rental Income: $1561 Airbnb ROI: 1.68% Traditional ROI: 3.16%
3155 Greenfield Drive Petoskey, MI Welcome to this beautifully maintained 4-bedroom, 2-bath home in a desirable Petoskey neig...	4 beds \| 2 baths \| 2,000 sq.ft.	$519,900	Airbnb cash on cash: 3.02% Traditional cash on cash: 2.22% Airbnb Rental Income: $3572 Traditional Rental Income: $2401 Airbnb ROI: 3.02% Traditional ROI: 2.22%
4325 US 131 Petoskey, MI Nestled in a very private setting close to Petoskey, this exceptional home offers the idea...	4 beds \| 3 baths \| 3,605 sq.ft.	$589,900	Airbnb cash on cash: 2.36% Traditional cash on cash: 1.77% Airbnb Rental Income: $3572 Traditional Rental Income: $2460 Airbnb ROI: 2.36% Traditional ROI: 1.77%
3400 Lakeside Drive S unit: 17 #17 Petoskey, MI Welcome to beautiful Lakeside Condominiums. Outstanding amenities including access to Roun...	2 beds \| 2 baths \| 1,050 sq.ft.	$387,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.08% Airbnb Rental Income: $1641 Traditional Rental Income: $1722 Airbnb ROI: -0.41% Traditional ROI: 1.08%
9669 TRAILS END Petoskey, MI A sandy beach and room to expand on the Inland Waterway? Yes please! This Pickerel Lake ho...	4 beds \| 3 baths \| 2,236 sq.ft.	$1,750,000	Airbnb cash on cash: -0.87% Traditional cash on cash: -0.61% Airbnb Rental Income: $3572 Traditional Rental Income: $3216 Airbnb ROI: -0.87% Traditional ROI: -0.61%
3221 Krause Road Petoskey, MI 40-ACRES OF BEAUTIFUL HARDWOOD FOREST...PLUS A ''COMFORTABLE'' FAMILY COTTAGE. You'll driv...	3 beds \| N/A baths \| 1,930 sq.ft.	$549,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 1.61% Airbnb Rental Income: $2131 Traditional Rental Income: $2217 Airbnb ROI: 0.38% Traditional ROI: 1.61%
290 & 260 Mitchell Hills Petoskey, MI Experience luxury living in this exquisite custom-built home, perfectly positioned just be...	5 beds \| 5 baths \| 5,600 sq.ft.	$1,099,000	Airbnb cash on cash: -1.69% Traditional cash on cash: 2.74% Airbnb Rental Income: $1365 Traditional Rental Income: $5484 Airbnb ROI: -1.69% Traditional ROI: 2.74%
3929 Leslie #18 Petoskey, MI Experience the beauty of Northern Michigan in this newly constructed duplex. Located centr...	2 beds \| 2 baths \| 1,019 sq.ft.	$299,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.89% Airbnb Rental Income: $1641 Traditional Rental Income: $2186 Airbnb ROI: 1.32% Traditional ROI: 4.89%
3895 Leslie #16 Petoskey, MI Experience the beauty of Northern Michigan in this newly constructed duplex. Centrally loc...	2 beds \| 2 baths \| 1,013 sq.ft.	$299,900	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.87% Airbnb Rental Income: $1641 Traditional Rental Income: $2181 Airbnb ROI: 1.32% Traditional ROI: 4.87%
8118 E Mitchell Petoskey, MI Charming 3-Bedroom Home on 2 Wooded Acres with Pole Barn! Nestled on a serene, wooded lot,...	3 beds \| 2 baths \| 1,729 sq.ft.	$339,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 4.7% Airbnb Rental Income: $2131 Traditional Rental Income: $2395 Airbnb ROI: 2.17% Traditional ROI: 4.7%
Other Petoskey, MI 40-ACRES OF BEAUTIFUL HARDWOOD FORESTâ¦PLUS A âCOMFORTABLEâ FAMILY COTTAGE. Youâll ...	3 beds \| N/A baths \| 1,930 sq.ft.	$549,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 2.84% Airbnb Rental Income: $2131 Traditional Rental Income: $2105 Airbnb ROI: 1.83% Traditional ROI: 2.84%
8198 N Horton Bay Petoskey, MI Welcome to your dream hobby farm, perfectly located between Petoskey, Boyne City, and Char...	3 beds \| 2 baths \| 1,450 sq.ft.	$450,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 3.63% Airbnb Rental Income: $2131 Traditional Rental Income: $2202 Airbnb ROI: 2.17% Traditional ROI: 3.63%
215 W Lake Petoskey, MI Location, location, location! This property is just a short walk from Petoskey's charming ...	4 beds \| 1 baths \| 1,967 sq.ft.	$350,000	Airbnb cash on cash: 5.67% Traditional cash on cash: 2.78% Airbnb Rental Income: $3572 Traditional Rental Income: $1835 Airbnb ROI: 5.67% Traditional ROI: 2.78%
215 W Lake Street Petoskey, MI Location, location, location! This property is just a short walk from Petoskey's charming ...	4 beds \| 1 baths \| 1,967 sq.ft.	$350,000	Airbnb cash on cash: 5.67% Traditional cash on cash: 2.6% Airbnb Rental Income: $3572 Traditional Rental Income: $1776 Airbnb ROI: 5.67% Traditional ROI: 2.6%
613 E Mitchell Street Petoskey, MI Step into this stunning, newly reimagined 1892 home in the heart of Downtown Petoskey, off...	4 beds \| 4 baths \| 4,346 sq.ft.	$2,500,000	Airbnb cash on cash: -1.37% Traditional cash on cash: -0.73% Airbnb Rental Income: $3572 Traditional Rental Income: $4271 Airbnb ROI: -1.37% Traditional ROI: -0.73%
1780 Howard Petoskey, MI Development parcel conveniently located near the busy south side of Petoskey and includes ...	3 beds \| 2 baths \| 1,344 sq.ft.	$635,000	Airbnb cash on cash: -0.01% Traditional cash on cash: 1.03% Airbnb Rental Income: $2131 Traditional Rental Income: $2200 Airbnb ROI: -0.01% Traditional ROI: 1.03%
1124 E Mitchell Street Petoskey, MI MOTIVATED! BRING OFFERS AND move in in time to experience the delightful tradition and fun...	4 beds \| 2 baths \| 1,500 sq.ft.	$599,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 1.3% Airbnb Rental Income: $3572 Traditional Rental Income: $2232 Airbnb ROI: 2.29% Traditional ROI: 1.3%
3611 COUNTRY CLUB Petoskey, MI Enjoy true main-floor living with room to breathe in a peaceful country setting. Situated ...	3 beds \| 4 baths \| 2,766 sq.ft.	$525,000	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.54% Airbnb Rental Income: $2131 Traditional Rental Income: $3069 Airbnb ROI: 0.52% Traditional ROI: 3.54%
3227 CEMETERY Petoskey, MI Think its not possible to have a home on acreage close to the heart of Petoskey? Think aga...	4 beds \| 3 baths \| 2,900 sq.ft.	$849,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 1.36% Airbnb Rental Income: $3572 Traditional Rental Income: $3167 Airbnb ROI: 0.88% Traditional ROI: 1.36%
46 Bridge Street Petoskey, MI This home is close to McLaren Petoskey campus. Shopping and gaming just minutes away. Unco...	5 beds \| 2 baths \| 2,108 sq.ft.	$197,000	Airbnb cash on cash: 2.06% Traditional cash on cash: 11.07% Airbnb Rental Income: $1365 Traditional Rental Income: $2634 Airbnb ROI: 2.06% Traditional ROI: 11.07%
4838 KEATON LANE 106 Petoskey, MI This Charming Home Awaits: Nestled and elevated expansive view of the valley below and Cro...	4 beds \| 3 baths \| 2,100 sq.ft.	$649,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 1.83% Airbnb Rental Income: $3572 Traditional Rental Income: $2738 Airbnb ROI: 1.92% Traditional ROI: 1.83%
1145 Woodland Dr Petoskey, MI Coveted Parkview Estates Location â A Fixer-Upper with incredible potential! Nestled bet...	4 beds \| 2 baths \| 2,128 sq.ft.	$375,000	Airbnb cash on cash: 5.13% Traditional cash on cash: 5.04% Airbnb Rental Income: $3572 Traditional Rental Income: $2756 Airbnb ROI: 5.13% Traditional ROI: 5.04%
4838 Keaton Petoskey, MI This Charming Home Awaits: Nestled and elevated with expansive views of the valley below a...	4 beds \| 3 baths \| 2,100 sq.ft.	$649,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 2.05% Airbnb Rental Income: $3572 Traditional Rental Income: $2869 Airbnb ROI: 1.92% Traditional ROI: 2.05%
869 SURREY Petoskey, MI Tucked away on a quiet cul-de-sac just behind the Bay View Golf Club, this thoughtfully up...	4 beds \| 3 baths \| 2,951 sq.ft.	$589,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 2.81% Airbnb Rental Income: $3572 Traditional Rental Income: $3029 Airbnb ROI: 2.37% Traditional ROI: 2.81%
3255 Cemetery Petoskey, MI Welcome to 3255 Cemetery Rd in Petoskey! This spacious 4-bedroom, 2-bath ranch offers over...	4 beds \| 2 baths \| 2,040 sq.ft.	$539,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 2.81% Airbnb Rental Income: $3572 Traditional Rental Income: $2788 Airbnb ROI: 2.81% Traditional ROI: 2.81%
5976 WALLOON MEADOW Petoskey, MI Think you cant have it all while staying close to Walloon Lake? Think again. Set among qui...	4 beds \| 3 baths \| 2,929 sq.ft.	$515,000	Airbnb cash on cash: 4.5% Traditional cash on cash: 5.03% Airbnb Rental Income: $3572 Traditional Rental Income: $3040 Airbnb ROI: 4.5% Traditional ROI: 5.03%
1145 Woodridge Petoskey, MI Well-built 4-bedroom 2.5 bath home located just outside the city of Petoskey! Backing up t...	4 beds \| 3 baths \| 3,212 sq.ft.	$749,700	Airbnb cash on cash: 1.33% Traditional cash on cash: 1.98% Airbnb Rental Income: $3572 Traditional Rental Income: $3241 Airbnb ROI: 1.33% Traditional ROI: 1.98%
316 Monroe Petoskey, MI Downtown Living with Character & Space This 5-bedroom, 3-bath home has all the charm youâ...	5 beds \| 3 baths \| 2,300 sq.ft.	$419,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 4.58% Airbnb Rental Income: $1365 Traditional Rental Income: $2881 Airbnb ROI: -0.35% Traditional ROI: 4.58%
520 Franklin Estate Petoskey, MI Whether a forever home or a get away cabin, this new home is maintenance free....Experienc...	3 beds \| 2 baths \| 960 sq.ft.	$299,000	Airbnb cash on cash: 4.14% Traditional cash on cash: 5.77% Airbnb Rental Income: $2131 Traditional Rental Income: $2046 Airbnb ROI: 4.14% Traditional ROI: 5.77%
3652 Country Club Petoskey, MI Charming 3-bedroom, 2-bath ranch on nearly half an acre, just a short drive from Petoskey....	3 beds \| 2 baths \| 1,060 sq.ft.	$339,000	Airbnb cash on cash: 2.17% Traditional cash on cash: 3.27% Airbnb Rental Income: $2131 Traditional Rental Income: $1938 Airbnb ROI: 2.17% Traditional ROI: 3.27%
8805&8823 Cedar Creek Drive Petoskey, MI Main-Level Living in a Private, Wooded Setting-Minutes from Downtown Petoskey. Enjoy the p...	4 beds \| 3 baths \| 2,020 sq.ft.	$529,000	Airbnb cash on cash: 2.92% Traditional cash on cash: 3.6% Airbnb Rental Income: $3572 Traditional Rental Income: $3122 Airbnb ROI: 2.92% Traditional ROI: 3.6%
1491 Maxwell Road Petoskey, MI Step into elegance with this 4 bedroom, 3 bath home in Petoskey, set on 2.5 acres of natur...	4 beds \| 3 baths \| 2,927 sq.ft.	$810,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 1.38% Airbnb Rental Income: $3572 Traditional Rental Income: $3041 Airbnb ROI: 1.04% Traditional ROI: 1.38%
2882 School Road Petoskey, MI Location, Location, Location! Nestled between the crystal-clear waters of Walloon Lake and...	3 beds \| 2 baths \| 1,296 sq.ft.	$359,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 3.17% Airbnb Rental Income: $2131 Traditional Rental Income: $2014 Airbnb ROI: 1.91% Traditional ROI: 3.17%
915 Harvey Petoskey, MI Charming and unique open floor plan, quiet location, and as a bonus peaks of the bay from ...	3 beds \| 3 baths \| 2,300 sq.ft.	$785,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 1.26% Airbnb Rental Income: $2131 Traditional Rental Income: $2865 Airbnb ROI: -0.49% Traditional ROI: 1.26%

Real Estate investment in Petoskey, MI

There are 42 properties for sale in the city of Petoskey . The median list price in Petoskey is $534,450 and the average price per square foot is $241. In October 2025, the average monthly cash on cash return in Petoskey is 3.00%. The average monthly rental income in Petoskey is $2,738.

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

There are 42 investment properties available for sale in Petoskey.

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

The ROI for Long-Term is higher than the Short-Term in Petoskey with average rental income of $2,738.

Your search for investment property begins and ends here

Investment Property for Sale in Petoskey, MI

1200 CHARLEVOIX AVE 3

Petoskey, MI

3 beds | 3 baths | 2,191 sq.ft.

$1,200,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 0.43%

Airbnb Rental Income: $2131

Traditional Rental Income: $3396

Airbnb ROI: -1.19%

Traditional ROI: 0.43%

814 Harbor Watch #65

Petoskey, MI

4 beds | 4 baths | 2,980 sq.ft.

$949,000

Airbnb cash on cash: -5.77%

Traditional cash on cash: -4.84%

Airbnb Rental Income: $3572

Traditional Rental Income: $3608

Airbnb ROI: -5.77%

Traditional ROI: -4.84%

869 SURREY LANE

Petoskey, MI

4 beds | 3 baths | 2,951 sq.ft.

$589,000

Airbnb cash on cash: 2.37%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $3572

Traditional Rental Income: $3144

Airbnb ROI: 2.37%

Traditional ROI: 3.02%

606 State

Petoskey, MI

4 beds | 5 baths | 3,336 sq.ft.

$1,250,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $3572

Traditional Rental Income: $4638

Airbnb ROI: -0.21%

Traditional ROI: 1.38%

102 State

Petoskey, MI

4 beds | 3 baths | 1,904 sq.ft.

$499,000

Airbnb cash on cash: 3.25%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $3572

Traditional Rental Income: $2703

Airbnb ROI: 3.25%

Traditional ROI: 3.07%

202 Wesley

Petoskey, MI

3 beds | 1 baths | 1,130 sq.ft.

$314,900

Airbnb cash on cash: 2.52%

Traditional cash on cash: 2.91%

Airbnb Rental Income: $2131

Traditional Rental Income: $1703

Airbnb ROI: 2.52%

Traditional ROI: 2.91%

3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 1.68%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1641

Traditional Rental Income: $1561

Airbnb ROI: 1.68%

Traditional ROI: 3.16%

3155 Greenfield Drive

Petoskey, MI

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

$519,900

Airbnb cash on cash: 3.02%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $3572

Traditional Rental Income: $2401

Airbnb ROI: 3.02%