Real Estate Investment Properties for Sale in Tawas City, MI

Looking for investment property in Tawas City, MI with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
915 W Lake St Tawas City, MI Beautiful townhouse with the best views not only from the living room/ kitchen area, but a...	2 beds \| 2 baths \| 1,428 sq.ft.	$415,000	Airbnb cash on cash: -2.61% Traditional cash on cash: 3.16% Airbnb Rental Income: $661 Traditional Rental Income: $2603 Airbnb ROI: -2.61% Traditional ROI: 3.16%
915 W Lake Street #2 Tawas City, MI Beautiful townhouse with the best views not only from the living room/ kitchen area, but a...	2 beds \| 3 baths \| 1,428 sq.ft.	$399,900	Airbnb cash on cash: -2.25% Traditional cash on cash: -0.19% Airbnb Rental Income: $661 Traditional Rental Income: $1135 Airbnb ROI: -2.25% Traditional ROI: -0.19%
1190 Meadow Road Tawas City, MI This is a great family home setting on three acres with lots of room for your garden and p...	4 beds \| 2 baths \| 1,539 sq.ft.	$229,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 8.66% Airbnb Rental Income: $1240 Traditional Rental Income: $2336 Airbnb ROI: 1.8% Traditional ROI: 8.66%
1258 N Plank Road Tawas City, MI Charming country retreat at 1258 N. Plank Road! Escape to your own slice of paradise on t...	3 beds \| 2 baths \| 1,444 sq.ft.	$244,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 4.7% Airbnb Rental Income: $1010 Traditional Rental Income: $1573 Airbnb ROI: 0.7% Traditional ROI: 4.7%
1596 Douglas Drive Tawas City, MI CALLING ALL INVESTORS Turnkey short-term rental opportunity with a proven three-year r...	4 beds \| 2 baths \| 2,544 sq.ft.	$495,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.78% Airbnb Rental Income: $1240 Traditional Rental Income: $3011 Airbnb ROI: -0.9% Traditional ROI: 3.78%
540 W Lake Street #12 Tawas City, MI Incredible New Price on this carefree lakefront living condo in Town Square, Tawas City. T...	3 beds \| 2 baths \| 2,443 sq.ft.	$389,900	Airbnb cash on cash: -1.89% Traditional cash on cash: 3.38% Airbnb Rental Income: $1010 Traditional Rental Income: $2580 Airbnb ROI: -1.89% Traditional ROI: 3.38%
4861 Carpenter Road Tawas City, MI Peaceful Country Living on 10 Acres â Near the East Au Gres River! Enjoy the perfect ble...	4 beds \| 3 baths \| 2,057 sq.ft.	$299,900	Airbnb cash on cash: 1.04% Traditional cash on cash: 8.45% Airbnb Rental Income: $1240 Traditional Rental Income: $2936 Airbnb ROI: 1.04% Traditional ROI: 8.45%
1760 S US-23 Tawas City, MI Enjoy the up-north feel of this home with its many renovations and open floor plan. There...	3 beds \| 2 baths \| 1,450 sq.ft.	$189,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 10.8% Airbnb Rental Income: $1010 Traditional Rental Income: $2298 Airbnb ROI: 1.64% Traditional ROI: 10.8%
1471 Keystone Tawas City, MI 19.5 Acres, mostly open, level and well maintained. Almost 2 acre âLâ shaped pond that...	3 beds \| 2 baths \| 1,755 sq.ft.	$349,900	Airbnb cash on cash: 0.18% Traditional cash on cash: 6.62% Airbnb Rental Income: $1010 Traditional Rental Income: $2769 Airbnb ROI: 0.18% Traditional ROI: 6.62%
1007 W First Street Tawas City, MI Nestled in a park-like setting, this wonderful home offers the perfect blend of privacy an...	3 beds \| 2 baths \| 2,300 sq.ft.	$299,999	Airbnb cash on cash: 0.82% Traditional cash on cash: 7.88% Airbnb Rental Income: $1010 Traditional Rental Income: $2648 Airbnb ROI: 0.82% Traditional ROI: 7.88%
2540 West Drive Tawas City, MI An immaculate home with sandy beach access along Lake Huron in a highly desirable subdivis...	3 beds \| 2 baths \| 1,344 sq.ft.	$299,500	Airbnb cash on cash: 0.4% Traditional cash on cash: 6.59% Airbnb Rental Income: $1010 Traditional Rental Income: $2397 Airbnb ROI: 0.4% Traditional ROI: 6.59%
4901 M-55 Tawas City, MI Private 30-Acre Hunting & Fishing Haven - Just in time to check out for hunting season. Mi...	3 beds \| 2 baths \| 1,260 sq.ft.	$215,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 8.28% Airbnb Rental Income: $1010 Traditional Rental Income: $2298 Airbnb ROI: 0.2% Traditional ROI: 8.28%
444 Wilber Road Tawas City, MI This well-built 1950s beautiful brick home sits on just over 1 acre and offers modern upda...	3 beds \| 2 baths \| 1,633 sq.ft.	$349,900	Airbnb cash on cash: 0.56% Traditional cash on cash: 4.98% Airbnb Rental Income: $1010 Traditional Rental Income: $2106 Airbnb ROI: 0.56% Traditional ROI: 4.98%
410 S 5th Avenue Tawas City, MI Conveniently located in Tawas City, this charming 2-bedroom, 1-bath home sits on an oversi...	3 beds \| 1 baths \| 1,382 sq.ft.	$115,000	Airbnb cash on cash: 2.37% Traditional cash on cash: 10.65% Airbnb Rental Income: $1010 Traditional Rental Income: $1573 Airbnb ROI: 2.37% Traditional ROI: 10.65%
N/A Andrews Rd Tawas City, MI N/A Andrews Rd, Tawas City, MI 48763 \| Other	N/A beds \| N/A baths \| N/A	$149,500	Airbnb cash on cash: -3.24% Traditional cash on cash: 2.54% Airbnb Rental Income: $213 Traditional Rental Income: $816 Airbnb ROI: -3.24% Traditional ROI: 2.54%
-0- M-55 #17.4 Tawas City, MI -0- M-55 #17.4, Tawas City, MI 48763 \| Other	N/A beds \| N/A baths \| N/A	$219,000	Airbnb cash on cash: -3.02% Traditional cash on cash: 0.95% Airbnb Rental Income: $213 Traditional Rental Income: $813 Airbnb ROI: -3.02% Traditional ROI: 0.95%
00 Ninth Ave Tawas City, MI 00 Ninth Ave, Tawas City, MI 48763 \| Other	N/A beds \| N/A baths \| N/A	$110,000	Airbnb cash on cash: -3.48% Traditional cash on cash: 5.11% Airbnb Rental Income: $213 Traditional Rental Income: $903 Airbnb ROI: -3.48% Traditional ROI: 5.11%
1647 N Huron Road Tawas City, MI HOME on HURON RD! Discover the perfect blend of Great Lakes living and country freedom. T...	2 beds \| 1 baths \| 1,275 sq.ft.	$229,900	Airbnb cash on cash: -1.28% Traditional cash on cash: 6.19% Airbnb Rental Income: $661 Traditional Rental Income: $1988 Airbnb ROI: -1.28% Traditional ROI: 6.19%
4921 Carpenter Road Tawas City, MI This spacious two story home with 315 ft frontage on the East Branch of the Au Gres river....	3 beds \| 2 baths \| 2,350 sq.ft.	$280,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 8.08% Airbnb Rental Income: $1010 Traditional Rental Income: $2891 Airbnb ROI: -0.4% Traditional ROI: 8.08%
300 Margo Street Tawas City, MI Spacious, well built home in a quiet neighborhood close to all the amenities of town. This...	5 beds \| 3 baths \| 2,570 sq.ft.	$289,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.29% Airbnb Rental Income: $null Traditional Rental Income: $3216 Airbnb ROI: N/A Traditional ROI: 9.29%
1984 W M-55 Tawas City, MI Step into country comfort with this cozy 2 bedroom 1 1/2 bathroom home on 1.55 acres burst...	2 beds \| 2 baths \| 1,388 sq.ft.	$248,000	Airbnb cash on cash: -0.47% Traditional cash on cash: 6.56% Airbnb Rental Income: $661 Traditional Rental Income: $2010 Airbnb ROI: -0.47% Traditional ROI: 6.56%
1596 Douglas Dr Tawas City, MI 1596 Douglas Dr, Tawas City, MI 48763 \| Single Family Residential	4 beds \| 2 baths \| 2,544 sq.ft.	$495,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 1.37% Airbnb Rental Income: $1240 Traditional Rental Income: $1896 Airbnb ROI: -0.9% Traditional ROI: 1.37%
1024 Huron Rd Tawas City, MI 1024 Huron Rd, Tawas City, MI 48763 \| Single Family Residential	4 beds \| 2 baths \| 2,026 sq.ft.	$890,000	Airbnb cash on cash: -1.62% Traditional cash on cash: -0.35% Airbnb Rental Income: $1240 Traditional Rental Income: $1896 Airbnb ROI: -1.62% Traditional ROI: -0.35%
1647 N Huron Tawas City, MI HOME on HURON RD! Discover the perfect blend of Great Lakes living and country freedom. T...	2 beds \| 1 baths \| 1,275 sq.ft.	$229,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 6.22% Airbnb Rental Income: $661 Traditional Rental Income: $1769 Airbnb ROI: -0.25% Traditional ROI: 6.22%
1024 Huron Tawas City, MI Very desirable stretch of sugar-sand beach with 60 frontage, need I say more??? This stum...	4 beds \| 2 baths \| 2,026 sq.ft.	$890,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2% Airbnb Rental Income: $1240 Traditional Rental Income: $2951 Airbnb ROI: -0.54% Traditional ROI: 2%
1400 W M-55 Tawas City, MI Charming Farmhouse Oasis in Tawas City! Welcome to your dream retreat at 1400 W. M - 55, ...	3 beds \| 2 baths \| 2,051 sq.ft.	$365,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 5.59% Airbnb Rental Income: $1010 Traditional Rental Income: $2598 Airbnb ROI: -0.09% Traditional ROI: 5.59%
306 N 1st Ave Tawas City, MI 306 N 1st Ave, Tawas City, MI 48763 \| Single Family Residential	3 beds \| 2 baths \| 2,013 sq.ft.	$322,500	Airbnb cash on cash: -0.68% Traditional cash on cash: 2.36% Airbnb Rental Income: $1010 Traditional Rental Income: $1573 Airbnb ROI: -0.68% Traditional ROI: 2.36%
911 W Lake St Tawas City, MI 911 W Lake St, Tawas City, MI 48763 \| Condo/Coop	2 beds \| 2 baths \| 1,470 sq.ft.	$359,900	Airbnb cash on cash: -2.63% Traditional cash on cash: -0.34% Airbnb Rental Income: $661 Traditional Rental Income: $1135 Airbnb ROI: -2.63% Traditional ROI: -0.34%
911 W Lake Street #2 Tawas City, MI FIRST TIME OFFERING for this nicely maintained, ranch-style condo, (only one of four) loca...	2 beds \| 2 baths \| 1,470 sq.ft.	$359,900	Airbnb cash on cash: -2.63% Traditional cash on cash: -0.34% Airbnb Rental Income: $661 Traditional Rental Income: $1135 Airbnb ROI: -2.63% Traditional ROI: -0.34%
2216 Douglas Dr Tawas City, MI 2216 Douglas Dr, Tawas City, MI 48763 \| Single Family Residential	3 beds \| 2 baths \| 1,900 sq.ft.	$285,111	Airbnb cash on cash: -0.44% Traditional cash on cash: 2.99% Airbnb Rental Income: $1010 Traditional Rental Income: $1573 Airbnb ROI: -0.44% Traditional ROI: 2.99%
306 N 1st Tawas City, MI Make this beautiful property your year-round home or vacation getaway! Sprawling ranch on ...	3 beds \| 2 baths \| 2,013 sq.ft.	$322,500	Airbnb cash on cash: 0.77% Traditional cash on cash: 3.8% Airbnb Rental Income: $1010 Traditional Rental Income: $1573 Airbnb ROI: 0.77% Traditional ROI: 3.8%

Real Estate investment in Tawas-city, MI

There are 31 properties for sale in the city of Tawas City . The median list price in Tawas City is $236,950 and the average price per square foot is $136. In April 2026, the average monthly cash on cash return in Tawas City is 7.00%. The average monthly rental income in Tawas City is $1,687.

Tawas-city, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 31 investment properties available for sale in Tawas-city.

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

The ROI for Long-Term is higher than the Short-Term in Tawas-city with average rental income of $1,687.

Your search for investment property begins and ends here

Investment Property for Sale in Tawas City, MI

915 W Lake St

Tawas City, MI

2 beds | 2 baths | 1,428 sq.ft.

$415,000

Airbnb cash on cash: -2.61%

Traditional cash on cash: 3.16%

Airbnb Rental Income: $661

Traditional Rental Income: $2603

Airbnb ROI: -2.61%

Traditional ROI: 3.16%

915 W Lake Street #2

Tawas City, MI

2 beds | 3 baths | 1,428 sq.ft.

$399,900

Airbnb cash on cash: -2.25%

Traditional cash on cash: -0.19%

Airbnb Rental Income: $661

Traditional Rental Income: $1135

Airbnb ROI: -2.25%

Traditional ROI: -0.19%

1190 Meadow Road

Tawas City, MI

4 beds | 2 baths | 1,539 sq.ft.

$229,900

Airbnb cash on cash: 1.8%

Traditional cash on cash: 8.66%

Airbnb Rental Income: $1240

Traditional Rental Income: $2336

Airbnb ROI: 1.8%

Traditional ROI: 8.66%

1258 N Plank Road

Tawas City, MI

3 beds | 2 baths | 1,444 sq.ft.

$244,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 4.7%

Airbnb Rental Income: $1010

Traditional Rental Income: $1573

Airbnb ROI: 0.7%

Traditional ROI: 4.7%

1596 Douglas Drive

Tawas City, MI

4 beds | 2 baths | 2,544 sq.ft.

$495,000

Airbnb cash on cash: -0.9%

Traditional cash on cash: 3.78%

Airbnb Rental Income: $1240

Traditional Rental Income: $3011

Airbnb ROI: -0.9%

Traditional ROI: 3.78%

540 W Lake Street #12

Tawas City, MI

3 beds | 2 baths | 2,443 sq.ft.

$389,900

Airbnb cash on cash: -1.89%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $1010

Traditional Rental Income: $2580

Airbnb ROI: -1.89%

Traditional ROI: 3.38%

4861 Carpenter Road

Tawas City, MI

4 beds | 3 baths | 2,057 sq.ft.

$299,900

Airbnb cash on cash: 1.04%

Traditional cash on cash: 8.45%

Airbnb Rental Income: $1240

Traditional Rental Income: $2936

Airbnb ROI: 1.04%

Traditional ROI: 8.45%

1760 S US-23

Tawas City, MI

3 beds | 2 baths | 1,450 sq.ft.

$189,000

Airbnb cash on cash: 1.64%

Traditional cash on cash: 10.8%

Airbnb Rental Income: $1010

Traditional Rental Income: $2298

Airbnb ROI: 1.64%