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 This thoughtfully designed condominium offers panoramic views over Little Traverse Bay tow...	3 beds \| 3 baths \| 2,191 sq.ft.	$1,050,000	Airbnb cash on cash: -1.46% Traditional cash on cash: 0.85% Airbnb Rental Income: $1592 Traditional Rental Income: $3396 Airbnb ROI: -1.46% Traditional ROI: 0.85%
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: -1.39% Traditional cash on cash: 1.38% Airbnb Rental Income: $1927 Traditional Rental Income: $4638 Airbnb ROI: -1.39% Traditional ROI: 1.38%
3400 Lakeside Dr S Apt 19, Petoskey, MI, 49770 Petoskey, MI	2 beds \| 2 baths \| N/A	$274,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 3.16% Airbnb Rental Income: $1142 Traditional Rental Income: $1561 Airbnb ROI: 0.07% Traditional ROI: 3.16%
1056 Woodridge Petoskey, MI Stately design meets modern luxury in this newer home, located just outside the city and o...	3 beds \| 3 baths \| 1,730 sq.ft.	$679,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 0.98% Airbnb Rental Income: $1592 Traditional Rental Income: $2315 Airbnb ROI: -0.88% Traditional ROI: 0.98%
513 Liberty Petoskey, MI Charm, location, and income potential come together at this centrally located Petoskey dup...	4 beds \| N/A baths \| 1,816 sq.ft.	$350,000	Airbnb cash on cash: 1.5% Traditional cash on cash: 3.4% Airbnb Rental Income: $1927 Traditional Rental Income: $2041 Airbnb ROI: 1.5% Traditional ROI: 3.4%
5361 GRAHAM Petoskey, MI Join us for a Luxury Home Tour on Wednesday, March 25 from 4pm-7pm. Set along 100 feet of...	4 beds \| 3 baths \| 3,923 sq.ft.	$1,099,900	Airbnb cash on cash: -1.24% Traditional cash on cash: -0.37% Airbnb Rental Income: $1927 Traditional Rental Income: $2308 Airbnb ROI: -1.24% Traditional ROI: -0.37%
3895 Leslie #16 Petoskey, MI Welcome to this brand-new ranch-style duplex in Windsong Woods, offering affordable Northe...	2 beds \| 2 baths \| 1,013 sq.ft.	$294,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 5% Airbnb Rental Income: $1142 Traditional Rental Income: $2181 Airbnb ROI: -0.11% Traditional ROI: 5%
1827 Farmview Petoskey, MI Welcome to FARM VIEWâ¦with large 2-Acre sitesâ¦only a mile to âwonderful Petoskey"...a...	3 beds \| 2 baths \| 2,000 sq.ft.	$849,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 0.92% Airbnb Rental Income: $1592 Traditional Rental Income: $2821 Airbnb ROI: -1.21% Traditional ROI: 0.92%
9540 Pickerel Lake Petoskey, MI Is Country Living on your home shopping list? Here is an efficient and recently renovated ...	3 beds \| 2 baths \| 1,296 sq.ft.	$244,500	Airbnb cash on cash: 2% Traditional cash on cash: 6.14% Airbnb Rental Income: $1592 Traditional Rental Income: $2093 Airbnb ROI: 2% Traditional ROI: 6.14%
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.	$375,900	Airbnb cash on cash: 3.34% Traditional cash on cash: 5.38% Airbnb Rental Income: $2819 Traditional Rental Income: $2881 Airbnb ROI: 3.34% Traditional ROI: 5.38%
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: 0.57% Traditional cash on cash: 3.17% Airbnb Rental Income: $1592 Traditional Rental Income: $2014 Airbnb ROI: 0.57% Traditional ROI: 3.17%
944 Windsong Place Petoskey, MI Welcome to this charming and meticulously cared-for 4-bedroom, 2.5-bathroom home, located ...	4 beds \| 3 baths \| 2,026 sq.ft.	$349,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 6.28% Airbnb Rental Income: $1927 Traditional Rental Income: $2985 Airbnb ROI: 1.51% Traditional ROI: 6.28%
617 Harvey Street Petoskey, MI Just blocks from Petoskey's coveted Gaslight District and the Little Traverse Bay waterfro...	3 beds \| 2 baths \| 1,446 sq.ft.	$550,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.14% Airbnb Rental Income: $1592 Traditional Rental Income: $2005 Airbnb ROI: 0.45% Traditional ROI: 2.14%
624 Michigan Street Petoskey, MI Victorian-style 5-unit in the heart of Petoskey with excellent walkability. Extensive rece...	6 beds \| N/A baths \| N/A	$850,000	Airbnb cash on cash: 0.4% Traditional cash on cash: 0.36% Airbnb Rental Income: $2819 Traditional Rental Income: $2134 Airbnb ROI: 0.4% Traditional ROI: 0.36%
524 State Street Petoskey, MI Classic, well-maintained 6-unit multifamily in a walkable Petoskey neighborhood near downt...	6 beds \| N/A baths \| N/A	$850,000	Airbnb cash on cash: -0.2% Traditional cash on cash: -0.23% Airbnb Rental Income: $2819 Traditional Rental Income: $2138 Airbnb ROI: -0.2% Traditional ROI: -0.23%
138 E Sheridan Street Petoskey, MI Well-located 5-unit close to downtown and services. Four units renovated (new electric, dr...	9 beds \| N/A baths \| N/A	$875,000	Airbnb cash on cash: 0.15% Traditional cash on cash: -0.2% Airbnb Rental Income: $2819 Traditional Rental Income: $1872 Airbnb ROI: 0.15% Traditional ROI: -0.2%
431 Carleton Petoskey, MI Charming 3-bedroom, 1-bath in-town home just a short walk to downtown and close to schools...	3 beds \| 1 baths \| 1,446 sq.ft.	$329,900	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.76% Airbnb Rental Income: $1592 Traditional Rental Income: $1731 Airbnb ROI: 0.85% Traditional ROI: 2.76%
9555 TRAIL'S END Petoskey, MI Set along sandy private frontage on Pickerel Lake just outside Petoskey, this home is thou...	3 beds \| 2 baths \| 1,685 sq.ft.	$1,049,900	Airbnb cash on cash: -1.46% Traditional cash on cash: 0.22% Airbnb Rental Income: $1592 Traditional Rental Income: $2784 Airbnb ROI: -1.46% Traditional ROI: 0.22%
415 Liberty Petoskey, MI Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime loca...	4 beds \| 3 baths \| 2,318 sq.ft.	$559,900	Airbnb cash on cash: 0% Traditional cash on cash: 2.71% Airbnb Rental Income: $1927 Traditional Rental Income: $2835 Airbnb ROI: 0% Traditional ROI: 2.71%
810 Harbor Watch Drive #102 Petoskey, MI NO SHOWINGS UNTIL OPEN HOUSE - SATURDAY MARCH 28TH FROM 10AM-3PM Wonderful Waterview Ranch...	2 beds \| 2 baths \| 1,349 sq.ft.	$399,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.04% Airbnb Rental Income: $1142 Traditional Rental Income: $2175 Airbnb ROI: -0.73% Traditional ROI: 3.04%
1306 S Orchard Petoskey, MI Set among mature woods and backing to the beauty of nearby state land, this 3 bedroom, 2 b...	3 beds \| 2 baths \| 1,360 sq.ft.	$439,900	Airbnb cash on cash: 0.01% Traditional cash on cash: 2.11% Airbnb Rental Income: $1592 Traditional Rental Income: $2003 Airbnb ROI: 0.01% Traditional ROI: 2.11%
2523 HOWARD Petoskey, MI Welcome to your dream home! Nestled on 17 acres, this beautifully updated 5-bedroom, 1.5-b...	5 beds \| 2 baths \| 3,078 sq.ft.	$699,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 2.04% Airbnb Rental Income: $2819 Traditional Rental Income: $3072 Airbnb ROI: 0.64% Traditional ROI: 2.04%
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: -0.35% Traditional cash on cash: 1.83% Airbnb Rental Income: $1927 Traditional Rental Income: $2738 Airbnb ROI: -0.35% Traditional ROI: 1.83%

Real Estate investment in Petoskey, MI

There are 23 properties for sale in the city of Petoskey . The median list price in Petoskey is $550,000 and the average price per square foot is $290. In April 2026, the average monthly cash on cash return in Petoskey is 2.00%. The average monthly rental income in Petoskey is $2,050.

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

There are 23 investment properties available for sale in Petoskey.

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

The ROI for Short-Term is higher than the Long-Term in Petoskey with average rental income of $1,592.

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.

$1,050,000

Airbnb cash on cash: -1.46%

Traditional cash on cash: 0.85%

Airbnb Rental Income: $1592

Traditional Rental Income: $3396

Airbnb ROI: -1.46%

Traditional ROI: 0.85%

606 State

Petoskey, MI

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

$1,250,000

Airbnb cash on cash: -1.39%

Traditional cash on cash: 1.38%

Airbnb Rental Income: $1927

Traditional Rental Income: $4638

Airbnb ROI: -1.39%

Traditional ROI: 1.38%

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

Petoskey, MI

2 beds | 2 baths | N/A

$274,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $1142

Traditional Rental Income: $1561

Airbnb ROI: 0.07%

Traditional ROI: 3.16%

1056 Woodridge

Petoskey, MI

3 beds | 3 baths | 1,730 sq.ft.

$679,000

Airbnb cash on cash: -0.88%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $1592

Traditional Rental Income: $2315

Airbnb ROI: -0.88%

Traditional ROI: 0.98%

513 Liberty

Petoskey, MI

4 beds | N/A baths | 1,816 sq.ft.

$350,000

Airbnb cash on cash: 1.5%

Traditional cash on cash: 3.4%

Airbnb Rental Income: $1927

Traditional Rental Income: $2041

Airbnb ROI: 1.5%

Traditional ROI: 3.4%

5361 GRAHAM

Petoskey, MI

4 beds | 3 baths | 3,923 sq.ft.

$1,099,900

Airbnb cash on cash: -1.24%

Traditional cash on cash: -0.37%

Airbnb Rental Income: $1927

Traditional Rental Income: $2308

Airbnb ROI: -1.24%

Traditional ROI: -0.37%

3895 Leslie #16

Petoskey, MI

2 beds | 2 baths | 1,013 sq.ft.

$294,900

Airbnb cash on cash: -0.11%

Traditional cash on cash: 5%

Airbnb Rental Income: $1142

Traditional Rental Income: $2181

Airbnb ROI: -0.11%

Traditional ROI: 5%

1827 Farmview

Petoskey, MI

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

$849,000

Airbnb cash on cash: -1.21%

Traditional cash on cash: 0.92%

Airbnb Rental Income: $1592

Traditional Rental Income: $2821

Airbnb ROI: -1.21%