Real Estate Investment Properties for Sale in Traverse City, MI

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

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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2839 Ruby Street Traverse City, MI Expertly crafted by Great Lake Construction, this brand new home is designed for true firs...	3 beds \| N/A baths \| 1,648 sq.ft.	$453,990	Airbnb cash on cash: -0.12% Traditional cash on cash: 3.54% Airbnb Rental Income: $1189 Traditional Rental Income: $2358 Airbnb ROI: -0.12% Traditional ROI: 3.54%
3948 Sherwood Forest Drive Traverse City, MI Priced to sell at $285,000! Enjoy easy, low-maintenance living in this 2BR/1.5BA condo in ...	2 beds \| 2 baths \| 1,728 sq.ft.	$285,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 5.8% Airbnb Rental Income: $1461 Traditional Rental Income: $2306 Airbnb ROI: 1.04% Traditional ROI: 5.8%
659 Hastings Street Traverse City, MI Opportunity knocks in the heart of Traverse City! Just off the TART Trail, near the airpor...	2 beds \| 1 baths \| 996 sq.ft.	$250,000	Airbnb cash on cash: 2.65% Traditional cash on cash: 4.73% Airbnb Rental Income: $1461 Traditional Rental Income: $1519 Airbnb ROI: 2.65% Traditional ROI: 4.73%
206 Boardman Avenue Traverse City, MI Welcome to the coveted Brownstones in downtown Traverse City! This beautifully updated 2-b...	2 beds \| 3 baths \| 1,432 sq.ft.	$1,075,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.23% Airbnb Rental Income: $1461 Traditional Rental Income: $2465 Airbnb ROI: -0.21% Traditional ROI: 1.23%
2140 Chelsea Lane Traverse City, MI Enjoy peaceful living in this beautifully maintained 4-bedroom, 3-bath condo nestled in a ...	4 beds \| 3 baths \| 3,144 sq.ft.	$695,000	Airbnb cash on cash: 4.49% Traditional cash on cash: 3.66% Airbnb Rental Income: $4942 Traditional Rental Income: $3391 Airbnb ROI: 4.49% Traditional ROI: 3.66%
2939 RIDGE TRAIL DRIVE Traverse City, MI Gorgeous 4 bedroom 3 bath stunning home in highly desirable Stoneridge Subdivision. Great ...	4 beds \| 3 baths \| 2,916 sq.ft.	$675,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 3.07% Airbnb Rental Income: $4942 Traditional Rental Income: $2987 Airbnb ROI: 4.57% Traditional ROI: 3.07%
687 George Street Traverse City, MI Charming East Side Home Near the TART Trail and Grand Traverse Bay! Conveniently situated ...	3 beds \| 1 baths \| 864 sq.ft.	$330,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 4.06% Airbnb Rental Income: $1819 Traditional Rental Income: $2136 Airbnb ROI: 1.45% Traditional ROI: 4.06%
3760 Five Mile Road Traverse City, MI East Bay bungalow on a large 1 acre lot just a few miles from the TART trail and Grand Tra...	2 beds \| 2 baths \| 1,164 sq.ft.	$287,500	Airbnb cash on cash: 1.53% Traditional cash on cash: 4.63% Airbnb Rental Income: $1461 Traditional Rental Income: $1869 Airbnb ROI: 1.53% Traditional ROI: 4.63%
3808 Vale Drive Traverse City, MI Move-In Ready 2-Bedroom Townhouse in Prime Traverse City â Priced to Sell! Hereâs you...	2 beds \| 1 baths \| 906 sq.ft.	$204,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 3.94% Airbnb Rental Income: $1461 Traditional Rental Income: $1412 Airbnb ROI: 1.97% Traditional ROI: 3.94%
438 Davis Street Traverse City, MI Mid-Century Charm in Traverse Cityâs Beloved âWedgeâ District. Tucked into The Wedge...	2 beds \| 1 baths \| 983 sq.ft.	$372,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.84% Airbnb Rental Income: $1262 Traditional Rental Income: $1491 Airbnb ROI: 0.04% Traditional ROI: 1.84%
2641 Club Court Traverse City, MI Enjoy maintenance-free luxury living at the Crown Golf Course Community near Traverse City...	3 beds \| 3 baths \| 2,405 sq.ft.	$629,900	Airbnb cash on cash: -1.23% Traditional cash on cash: 2.36% Airbnb Rental Income: $1390 Traditional Rental Income: $3078 Airbnb ROI: -1.23% Traditional ROI: 2.36%
2219 BLACK FOREST LANE Traverse City, MI Stunning park-like setting for this fully updated 4 bedroom 2.5 bath home set on over an a...	4 beds \| 3 baths \| 2,086 sq.ft.	$479,900	Airbnb cash on cash: 3.65% Traditional cash on cash: 3.57% Airbnb Rental Income: $3667 Traditional Rental Income: $2829 Airbnb ROI: 3.65% Traditional ROI: 3.57%
2221 Kaukauna Court Traverse City, MI Set at the base of Old Mission Peninsula on a quiet cul-de-sac, this inviting home offers ...	4 beds \| 3 baths \| 2,692 sq.ft.	$599,900	Airbnb cash on cash: 2.03% Traditional cash on cash: 2.79% Airbnb Rental Income: $3399 Traditional Rental Income: $3072 Airbnb ROI: 2.03% Traditional ROI: 2.79%
9242 E Strang Road Traverse City, MI A rare opportunity to own over 7 acres in Leelanau County - this home and land are the ful...	3 beds \| 4 baths \| 2,696 sq.ft.	$850,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.33% Airbnb Rental Income: $1961 Traditional Rental Income: $3265 Airbnb ROI: 0.04% Traditional ROI: 2.33%
4344 Audubon Drive Traverse City, MI Located in the desirable Holiday Hills neighborhoodâknown for its gorgeous homes, peacef...	4 beds \| 4 baths \| 3,324 sq.ft.	$599,000	Airbnb cash on cash: 2.36% Traditional cash on cash: 4.22% Airbnb Rental Income: $3667 Traditional Rental Income: $3911 Airbnb ROI: 2.36% Traditional ROI: 4.22%
6393 Center Road Traverse City, MI Nice 3 bedroom 2 bath home on the Peninsula, with attached garage. Basement has a fourth b...	3 beds \| 2 baths \| 1,210 sq.ft.	$390,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.32% Airbnb Rental Income: $1323 Traditional Rental Income: $1867 Airbnb ROI: -0.28% Traditional ROI: 2.32%
4430 Weatherby Lane Traverse City, MI Welcome to Westfield Meadows, a west-side Traverse City neighborhood where neighbors wave ...	3 beds \| 2 baths \| 2,390 sq.ft.	$397,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 4.12% Airbnb Rental Income: $1390 Traditional Rental Income: $2565 Airbnb ROI: -0.17% Traditional ROI: 4.12%
4033 Sherwood Forest Drive Traverse City, MI Welcome to 4033 Sherwood Forest, a beautifully updated condo nestled in the peaceful Holid...	4 beds \| 3 baths \| 2,550 sq.ft.	$385,000	Airbnb cash on cash: 5.16% Traditional cash on cash: 6.89% Airbnb Rental Income: $3667 Traditional Rental Income: $3491 Airbnb ROI: 5.16% Traditional ROI: 6.89%
4440 Vance Road Traverse City, MI Back on the market due to NO fault of the home. Buyer withdrew offer due to lending before...	2 beds \| 1 baths \| 1,050 sq.ft.	$245,000	Airbnb cash on cash: 3.07% Traditional cash on cash: 4.02% Airbnb Rental Income: $1619 Traditional Rental Income: $1381 Airbnb ROI: 3.07% Traditional ROI: 4.02%
8906-B MANHATTAN NORTH Traverse City, MI Sleek modern luxury condo bathed in natural light, tucked away on a serene wooded cul-de-s...	2 beds \| 2 baths \| 1,539 sq.ft.	$499,900	Airbnb cash on cash: -0.48% Traditional cash on cash: 2.14% Airbnb Rental Income: $1619 Traditional Rental Income: $2385 Airbnb ROI: -0.48% Traditional ROI: 2.14%
2737 Green Meadows Drive Traverse City, MI Well maintained updated (2019) 2 bedroom/1 bath Condo plus Garage on the west side next to...	2 beds \| 1 baths \| 800 sq.ft.	$199,900	Airbnb cash on cash: 3.11% Traditional cash on cash: 3% Airbnb Rental Income: $1619 Traditional Rental Income: $1140 Airbnb ROI: 3.11% Traditional ROI: 3%
1571 N South Long Lake Road Traverse City, MI Welcome to your private estate on the shores of Long Lake! Nearly 200ft of Private, sandy ...	5 beds \| 4 baths \| 3,259 sq.ft.	$1,885,000	Airbnb cash on cash: N/A Traditional cash on cash: 0% Airbnb Rental Income: $null Traditional Rental Income: $4533 Airbnb ROI: N/A Traditional ROI: 0%
1938 Lardie Road Traverse City, MI Stylish updates meet everyday comfort in this move-in ready Traverse City home! The renova...	4 beds \| 1 baths \| 2,035 sq.ft.	$350,000	Airbnb cash on cash: 6.78% Traditional cash on cash: 3.8% Airbnb Rental Income: $3667 Traditional Rental Income: $1889 Airbnb ROI: 6.78% Traditional ROI: 3.8%
9639 E WALKABOUT LANE Traverse City, MI Leelanau County living with easy TC proximity! Located in the highly sought-after Outback ...	4 beds \| 3 baths \| 2,916 sq.ft.	$685,000	Airbnb cash on cash: 3.4% Traditional cash on cash: 2.13% Airbnb Rental Income: $4942 Traditional Rental Income: $3113 Airbnb ROI: 3.4% Traditional ROI: 2.13%
2755 Shore Wood Drive Traverse City, MI Experience the ultimate lifestyle on West Grand Traverse Bay! This property boasts a sandy...	4 beds \| 4 baths \| 4,506 sq.ft.	$3,250,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 0.01% Airbnb Rental Income: $3399 Traditional Rental Income: $4519 Airbnb ROI: -0.61% Traditional ROI: 0.01%
1179 Umber Drive Traverse City, MI This efficient 2-bedroom, 2-bath home boasts an open floor plan with vaulted ceilings, sin...	2 beds \| 2 baths \| 1,349 sq.ft.	$358,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 3.59% Airbnb Rental Income: $1461 Traditional Rental Income: $2148 Airbnb ROI: 0.26% Traditional ROI: 3.59%
109 E Front Street #301 Traverse City, MI Step into sophistication with this stunning downtown condo, offering breathtaking views of...	2 beds \| 3 baths \| 2,192 sq.ft.	$2,100,000	Airbnb cash on cash: -2.46% Traditional cash on cash: -1.53% Airbnb Rental Income: $1461 Traditional Rental Income: $2854 Airbnb ROI: -2.46% Traditional ROI: -1.53%
10579 Camrose Circle Traverse City, MI Welcome to Morgan Farms, Traverse City's highly desirable private communities! Beautifull...	3 beds \| 4 baths \| 2,520 sq.ft.	$729,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.07% Airbnb Rental Income: $1961 Traditional Rental Income: $3625 Airbnb ROI: -0.13% Traditional ROI: 3.07%
7181 Cherrywood Court Traverse City, MI Easy living at the base of Old Mission Peninsula! This beautifully updated ranch-style con...	2 beds \| 3 baths \| 1,600 sq.ft.	$349,900	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.71% Airbnb Rental Income: $1262 Traditional Rental Income: $1790 Airbnb ROI: 0.89% Traditional ROI: 3.71%
19545 Woodland Trail Traverse City, MI Looking for a sense of peace, privacy, and true connection to nature? Tucked into 8 acres ...	3 beds \| 3 baths \| 2,425 sq.ft.	$845,000	Airbnb cash on cash: 0.17% Traditional cash on cash: 2.6% Airbnb Rental Income: $1961 Traditional Rental Income: $3364 Airbnb ROI: 0.17% Traditional ROI: 2.6%
641 Riverine Drive #302 Traverse City, MI Experience living on the water in downtown Traverse City. This freshly updated end-unit co...	2 beds \| 2 baths \| 1,000 sq.ft.	$360,000	Airbnb cash on cash: -4.58% Traditional cash on cash: -1.87% Airbnb Rental Income: $1403 Traditional Rental Income: $1899 Airbnb ROI: -4.58% Traditional ROI: -1.87%
810 Cottageview Drive #300 Traverse City, MI Live in one of Traverse Cityâs most iconic buildings with this unique 1-bedroom, 1-bath ...	1 beds \| 1 baths \| 513 sq.ft.	$319,000	Airbnb cash on cash: -1.66% Traditional cash on cash: 0.02% Airbnb Rental Income: $1038 Traditional Rental Income: $1179 Airbnb ROI: -1.66% Traditional ROI: 0.02%
7320 Peninsula Drive Traverse City, MI This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare findâofferi...	4 beds \| 3 baths \| 2,931 sq.ft.	$1,100,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 1.77% Airbnb Rental Income: $3399 Traditional Rental Income: $3616 Airbnb ROI: 0.82% Traditional ROI: 1.77%
610 W Tenth Street Traverse City, MI Welcome to 610 W Tenth Street - a charming 3-bedroom, 2-bath bungalow in downtown Traverse...	3 beds \| 2 baths \| 1,741 sq.ft.	$500,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.73% Airbnb Rental Income: $1555 Traditional Rental Income: $2234 Airbnb ROI: 0.32% Traditional ROI: 2.73%
9600 Lake Leelanau Drive Traverse City, MI Welcome to a fresh, light-filled home that offers a blend of Leelanau Countyâs scenic la...	4 beds \| 2 baths \| 2,050 sq.ft.	$525,000	Airbnb cash on cash: 6.27% Traditional cash on cash: 3.1% Airbnb Rental Income: $4942 Traditional Rental Income: $2376 Airbnb ROI: 6.27% Traditional ROI: 3.1%
3093 Horseshoe Drive Traverse City, MI This spacious five-bedroom, 2 full bath home offers the perfect blend of comfort, function...	5 beds \| 2 baths \| 1,674 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.14% Airbnb Rental Income: $null Traditional Rental Income: $2375 Airbnb ROI: N/A Traditional ROI: 3.14%
5233 Liberty Drive Traverse City, MI Nestled on a private, wooded half-acre in Traverse Cityâs sought-after Heritage Estates,...	4 beds \| 4 baths \| 3,007 sq.ft.	$599,000	Airbnb cash on cash: 4.33% Traditional cash on cash: 3.76% Airbnb Rental Income: $4942 Traditional Rental Income: $3610 Airbnb ROI: 4.33% Traditional ROI: 3.76%
733 SIXTH STREET Traverse City, MI Charming downtown Traverse City home located on a rare corner lot with the serene Kids Cre...	3 beds \| 2 baths \| 1,323 sq.ft.	$299,900	Airbnb cash on cash: 1.14% Traditional cash on cash: 4.18% Airbnb Rental Income: $1555 Traditional Rental Income: $1964 Airbnb ROI: 1.14% Traditional ROI: 4.18%
1122 Basil Place Traverse City, MI This home has that modern countryside feel â a touch of rural calm paired with the conve...	2 beds \| 1 baths \| 850 sq.ft.	$275,000	Airbnb cash on cash: 1.09% Traditional cash on cash: 3.7% Airbnb Rental Income: $1461 Traditional Rental Income: $1707 Airbnb ROI: 1.09% Traditional ROI: 3.7%
7135 E Birch Point Road Traverse City, MI Experience the best of Leelanau living with this extraordinary 107-acre property featuring...	4 beds \| 3 baths \| 3,372 sq.ft.	$4,000,000	Airbnb cash on cash: -0.23% Traditional cash on cash: -0.4% Airbnb Rental Income: $4942 Traditional Rental Income: $3266 Airbnb ROI: -0.23% Traditional ROI: -0.4%

Real Estate investment in Traverse-city, MI

There are 403 properties for sale in the city of Traverse City . The median list price in Traverse City is $540,000 and the average price per square foot is $282. In November 2025, the average monthly cash on cash return in Traverse City is 3.00%. The average monthly rental income in Traverse City is $2,376.

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

There are 403 investment properties available for sale in Traverse-city.

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

The ROI for Long-Term is higher than the Short-Term in Traverse-city with average rental income of $2,376.

Your search for investment property begins and ends here

Investment Property for Sale in Traverse City, MI

2839 Ruby Street

Traverse City, MI

3 beds | N/A baths | 1,648 sq.ft.

$453,990

Airbnb cash on cash: -0.12%

Traditional cash on cash: 3.54%

Airbnb Rental Income: $1189

Traditional Rental Income: $2358

Airbnb ROI: -0.12%

Traditional ROI: 3.54%

3948 Sherwood Forest Drive

Traverse City, MI

2 beds | 2 baths | 1,728 sq.ft.

$285,000

Airbnb cash on cash: 1.04%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $1461

Traditional Rental Income: $2306

Airbnb ROI: 1.04%

Traditional ROI: 5.8%

659 Hastings Street

Traverse City, MI

2 beds | 1 baths | 996 sq.ft.

$250,000

Airbnb cash on cash: 2.65%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1461

Traditional Rental Income: $1519

Airbnb ROI: 2.65%

Traditional ROI: 4.73%

206 Boardman Avenue

Traverse City, MI

2 beds | 3 baths | 1,432 sq.ft.

$1,075,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $1461

Traditional Rental Income: $2465

Airbnb ROI: -0.21%

Traditional ROI: 1.23%

2140 Chelsea Lane

Traverse City, MI

4 beds | 3 baths | 3,144 sq.ft.

$695,000

Airbnb cash on cash: 4.49%

Traditional cash on cash: 3.66%

Airbnb Rental Income: $4942

Traditional Rental Income: $3391

Airbnb ROI: 4.49%

Traditional ROI: 3.66%

2939 RIDGE TRAIL DRIVE

Traverse City, MI

4 beds | 3 baths | 2,916 sq.ft.

$675,000

Airbnb cash on cash: 4.57%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $4942

Traditional Rental Income: $2987

Airbnb ROI: 4.57%

Traditional ROI: 3.07%

687 George Street

Traverse City, MI

3 beds | 1 baths | 864 sq.ft.

$330,000

Airbnb cash on cash: 1.45%

Traditional cash on cash: 4.06%

Airbnb Rental Income: $1819

Traditional Rental Income: $2136

Airbnb ROI: 1.45%

Traditional ROI: 4.06%

3760 Five Mile Road

Traverse City, MI

2 beds | 2 baths | 1,164 sq.ft.

$287,500

Airbnb cash on cash: 1.53%

Traditional cash on cash: 4.63%

Airbnb Rental Income: $1461

Traditional Rental Income: $1869

Airbnb ROI: 1.53%