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.

Condos for Sale in Traverse City, MI

Search for Condo for Sale in Traverse City, Michigan. Browse all of Mashvisor’s Condo listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 135 Condo listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2839 Ruby Street Traverse City, MI Incredible Value - over $200K less than other new homes in the neighborhood Expertly craft...	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: 0.29% Traditional cash on cash: 5.8% Airbnb Rental Income: $1220 Traditional Rental Income: $2306 Airbnb ROI: 0.29% Traditional ROI: 5.8%
2993 Emerald Isle Traverse City, MI Discover easy living in this beautifully maintained 2-bedroom, 2-bath condo perfectly situ...	2 beds \| 2 baths \| 962 sq.ft.	$329,000	Airbnb cash on cash: 0.76% Traditional cash on cash: 3.26% Airbnb Rental Income: $1208 Traditional Rental Income: $1592 Airbnb ROI: 0.76% Traditional ROI: 3.26%
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.	$999,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 1.4% Airbnb Rental Income: $1022 Traditional Rental Income: $2465 Airbnb ROI: -0.54% Traditional ROI: 1.4%
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.	$197,900	Airbnb cash on cash: 1% Traditional cash on cash: 4.11% Airbnb Rental Income: $1220 Traditional Rental Income: $1412 Airbnb ROI: 1% Traditional ROI: 4.11%
3756 Country Club Drive #9 Traverse City, MI Welcome to this beautifully updated Turn-Key 2-bedroom, 2-bath condo in the highly sought-...	2 beds \| 2 baths \| 1,468 sq.ft.	$500,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.61% Airbnb Rental Income: $1403 Traditional Rental Income: $2015 Airbnb ROI: -0.6% Traditional ROI: 1.61%
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.	$375,000	Airbnb cash on cash: 1.93% Traditional cash on cash: 7.13% Airbnb Rental Income: $2220 Traditional Rental Income: $3491 Airbnb ROI: 1.93% Traditional ROI: 7.13%
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.	$1,999,999	Airbnb cash on cash: -2.66% Traditional cash on cash: -1.48% Airbnb Rental Income: $1022 Traditional Rental Income: $2854 Airbnb ROI: -2.66% Traditional ROI: -1.48%
3239 Wexford Drive Traverse City, MI Enjoy easy living in this beautifully updated 2BR/2.5BA townhome style condo just 10 minut...	2 beds \| 3 baths \| 1,629 sq.ft.	$359,000	Airbnb cash on cash: -0.98% Traditional cash on cash: 2.78% Airbnb Rental Income: $1208 Traditional Rental Income: $2087 Airbnb ROI: -0.98% Traditional ROI: 2.78%
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: 0.22% Traditional cash on cash: 3.71% Airbnb Rental Income: $997 Traditional Rental Income: $1790 Airbnb ROI: 0.22% Traditional ROI: 3.71%
208 GILLIS STREET 12 Traverse City, MI Step into luxury and convenience with this stunning, tastefully furnished, turn-key condo ...	2 beds \| 2 baths \| 1,026 sq.ft.	$575,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 2.6% Airbnb Rental Income: $1262 Traditional Rental Income: $2031 Airbnb ROI: 0.42% Traditional ROI: 2.6%
2611 Green Meadows Drive Traverse City, MI This turnkey lower level condo on 6th fairway of The Crown Golf Course has 2 bedrooms and ...	2 beds \| 1 baths \| 800 sq.ft.	$192,500	Airbnb cash on cash: 1.71% Traditional cash on cash: 6.35% Airbnb Rental Income: $1208 Traditional Rental Income: $1666 Airbnb ROI: 1.71% Traditional ROI: 6.35%
1285 Terrace Bluff Drive Traverse City, MI Welcome to this pristine 3-bedroom, 2-bath condo located in a highly sought-after communit...	3 beds \| 2 baths \| 1,352 sq.ft.	$359,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 3.09% Airbnb Rental Income: $1264 Traditional Rental Income: $1984 Airbnb ROI: -0.24% Traditional ROI: 3.09%
1554 SIMSBURY STREET 2 Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 2 BR, 1.5 BA c...	2 beds \| 2 baths \| 1,140 sq.ft.	$419,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 2.41% Airbnb Rental Income: $997 Traditional Rental Income: $2036 Airbnb ROI: -1.13% Traditional ROI: 2.41%
7052 CHERRYWOOD COURT Traverse City, MI Discover the charm of Old Mission Peninsula living in this beautifully updated 2-bedroom, ...	2 beds \| 2 baths \| 1,092 sq.ft.	$330,000	Airbnb cash on cash: -0.76% Traditional cash on cash: 4.3% Airbnb Rental Income: $997 Traditional Rental Income: $2210 Airbnb ROI: -0.76% Traditional ROI: 4.3%
1548 SIMSBURY STREET Traverse City, MI You will love your new low maintenance, main level living lifestyle in this 2 BR, 1.5 BA c...	2 beds \| 2 baths \| 1,140 sq.ft.	$419,900	Airbnb cash on cash: -1.13% Traditional cash on cash: 2.41% Airbnb Rental Income: $997 Traditional Rental Income: $2036 Airbnb ROI: -1.13% Traditional ROI: 2.41%
10759 S Timberlee Drive #4 Traverse City, MI Move in ready! Wonderful opportunity to own in Leelanau County. This 2-story townhouse has...	2 beds \| 2 baths \| 1,150 sq.ft.	$280,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 3.74% Airbnb Rental Income: $1213 Traditional Rental Income: $1746 Airbnb ROI: 0.24% Traditional ROI: 3.74%
3777 Vale Drive Traverse City, MI Affordable living just 15 minutes to Traverse City and minutes to the TART Trail, Mt. Holi...	2 beds \| 2 baths \| 960 sq.ft.	$195,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 5.94% Airbnb Rental Income: $1220 Traditional Rental Income: $1658 Airbnb ROI: 1.45% Traditional ROI: 5.94%
115 E EIGHTH STREET 16 Traverse City, MI Downtown Traverse City living at it's finest!This stunning top floor condo features gorgeo...	2 beds \| 1 baths \| 892 sq.ft.	$425,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 1.31% Airbnb Rental Income: $1292 Traditional Rental Income: $1620 Airbnb ROI: -0.53% Traditional ROI: 1.31%
708 Randolph Street #204 Traverse City, MI Modern, Fully Furnished Downtown Condo with Short-Term Rental Potential. This stylish 2-be...	2 beds \| 2 baths \| 1,105 sq.ft.	$524,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 4.01% Airbnb Rental Income: $1213 Traditional Rental Income: $2614 Airbnb ROI: 0.35% Traditional ROI: 4.01%
1825 E Eighth Street #219 Traverse City, MI Welcome to this newly built 1-bedroom, 1-bathroom condo that perfectly combines modern des...	1 beds \| 1 baths \| 650 sq.ft.	$275,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 2.76% Airbnb Rental Income: $690 Traditional Rental Income: $1463 Airbnb ROI: -1.39% Traditional ROI: 2.76%
1139 E Eighth Street #7 Traverse City, MI Carefree living lifestyle in downtown Traverse City on desirable Eighth Street. Take adva...	1 beds \| 1 baths \| 750 sq.ft.	$222,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 5.65% Airbnb Rental Income: $690 Traditional Rental Income: $1865 Airbnb ROI: -1.39% Traditional ROI: 5.65%
714 #308 Randolph Street #308 Traverse City, MI Step into easy downtown living, in the coveted Slabtown neighborhood, where West Grand Tra...	2 beds \| 2 baths \| 1,095 sq.ft.	$500,000	Airbnb cash on cash: -1.63% Traditional cash on cash: 1.34% Airbnb Rental Income: $1213 Traditional Rental Income: $2211 Airbnb ROI: -1.63% Traditional ROI: 1.34%
714 #206 Randolph Street #206 Traverse City, MI Step into easy downtown living, in the coveted Slabtown neighborhood, where West Grand Tra...	2 beds \| 2 baths \| 923 sq.ft.	$525,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 1.35% Airbnb Rental Income: $1213 Traditional Rental Income: $2124 Airbnb ROI: -1.3% Traditional ROI: 1.35%
231 Midtown Drive Traverse City, MI Riverfront Retreat in the Heart of Traverse City! Nestled along the peaceful banks of the ...	2 beds \| 3 baths \| 2,451 sq.ft.	$899,000	Airbnb cash on cash: -1.16% Traditional cash on cash: 0.83% Airbnb Rental Income: $1292 Traditional Rental Income: $2559 Airbnb ROI: -1.16% Traditional ROI: 0.83%
800-319 Cottageview Drive #319 Traverse City, MI Absolutely stunning condo at the Grand Traverse Commons in the majestic historic main Buil...	3 beds \| 4 baths \| 3,615 sq.ft.	$1,200,000	Airbnb cash on cash: -2.15% Traditional cash on cash: -0.27% Airbnb Rental Income: $1485 Traditional Rental Income: $3140 Airbnb ROI: -2.15% Traditional ROI: -0.27%
714 Randolph Street #205 Traverse City, MI Discover the allure of Randolph's Acqua condominium, a meticulously designed new residence...	2 beds \| 2 baths \| 922 sq.ft.	$590,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 1.34% Airbnb Rental Income: $1213 Traditional Rental Income: $2222 Airbnb ROI: -1.2% Traditional ROI: 1.34%
1139 E Eighth Street #8 Traverse City, MI Carefree living lifestyle in downtown Traverse City on desirable Eighth Street. Take adva...	1 beds \| 1 baths \| 750 sq.ft.	$222,000	Airbnb cash on cash: -1.39% Traditional cash on cash: 5.65% Airbnb Rental Income: $690 Traditional Rental Income: $1865 Airbnb ROI: -1.39% Traditional ROI: 5.65%
207 W Grandview #202 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,344 sq.ft.	$1,016,064	Airbnb cash on cash: -3.94% Traditional cash on cash: -2.09% Airbnb Rental Income: $861 Traditional Rental Income: $2278 Airbnb ROI: -3.94% Traditional ROI: -2.09%
207 W Grandview #201 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,271 sq.ft.	$1,162,965	Airbnb cash on cash: -3.57% Traditional cash on cash: -2.01% Airbnb Rental Income: $861 Traditional Rental Income: $2219 Airbnb ROI: -3.57% Traditional ROI: -2.01%
207 W Grandview #203 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	2 beds \| 3 baths \| 2,068 sq.ft.	$1,654,400	Airbnb cash on cash: -2.57% Traditional cash on cash: -1.17% Airbnb Rental Income: $1292 Traditional Rental Income: $3037 Airbnb ROI: -2.57% Traditional ROI: -1.17%
207 W Grandview #205 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	3 beds \| 3 baths \| 3,023 sq.ft.	$3,225,541	Airbnb cash on cash: -1.83% Traditional cash on cash: -1.05% Airbnb Rental Income: $1194 Traditional Rental Income: $3139 Airbnb ROI: -1.83% Traditional ROI: -1.05%
207 W Grandview #204 Traverse City, MI Breaking ground August 2024! Introducing the epitome of luxury living nestled in the vibra...	3 beds \| 3 baths \| 2,956 sq.ft.	$3,154,052	Airbnb cash on cash: -1.85% Traditional cash on cash: -1.05% Airbnb Rental Income: $1194 Traditional Rental Income: $3139 Airbnb ROI: -1.85% Traditional ROI: -1.05%
207 W Grandview #302 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,344 sq.ft.	$1,149,120	Airbnb cash on cash: -3.6% Traditional cash on cash: -1.96% Airbnb Rental Income: $861 Traditional Rental Income: $2278 Airbnb ROI: -3.6% Traditional ROI: -1.96%
207 W Grandview #301 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,271 sq.ft.	$1,301,504	Airbnb cash on cash: -3.3% Traditional cash on cash: -1.9% Airbnb Rental Income: $861 Traditional Rental Income: $2219 Airbnb ROI: -3.3% Traditional ROI: -1.9%
207 W Grandview #303 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	2 beds \| 3 baths \| 2,068 sq.ft.	$1,840,520	Airbnb cash on cash: -2.41% Traditional cash on cash: -1.16% Airbnb Rental Income: $1292 Traditional Rental Income: $3037 Airbnb ROI: -2.41% Traditional ROI: -1.16%
207 W Grandview #305 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	3 beds \| 3 baths \| 3,023 sq.ft.	$3,545,979	Airbnb cash on cash: -1.76% Traditional cash on cash: -1.05% Airbnb Rental Income: $1194 Traditional Rental Income: $3139 Airbnb ROI: -1.76% Traditional ROI: -1.05%
207 W Grandview #304 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	3 beds \| 3 baths \| 2,956 sq.ft.	$3,260,468	Airbnb cash on cash: -1.82% Traditional cash on cash: -1.05% Airbnb Rental Income: $1194 Traditional Rental Income: $3139 Airbnb ROI: -1.82% Traditional ROI: -1.05%
207 W Grandview #402 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,344 sq.ft.	$1,229,760	Airbnb cash on cash: -3.43% Traditional cash on cash: -1.9% Airbnb Rental Income: $861 Traditional Rental Income: $2278 Airbnb ROI: -3.43% Traditional ROI: -1.9%
207 W Grandview #401 Traverse City, MI Introducing the epitome of luxury living nestled in the vibrant heart of downtown Traverse...	1 beds \| 2 baths \| 1,271 sq.ft.	$1,440,043	Airbnb cash on cash: -3.08% Traditional cash on cash: -1.81% Airbnb Rental Income: $861 Traditional Rental Income: $2219 Airbnb ROI: -3.08% Traditional ROI: -1.81%

Your search for investment property begins and ends here

Condos 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: 0.29%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $1220

Traditional Rental Income: $2306

Airbnb ROI: 0.29%

Traditional ROI: 5.8%

2993 Emerald Isle

Traverse City, MI

2 beds | 2 baths | 962 sq.ft.

$329,000

Airbnb cash on cash: 0.76%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $1208

Traditional Rental Income: $1592

Airbnb ROI: 0.76%

Traditional ROI: 3.26%

206 Boardman Avenue

Traverse City, MI

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

$999,000

Airbnb cash on cash: -0.54%

Traditional cash on cash: 1.4%

Airbnb Rental Income: $1022

Traditional Rental Income: $2465

Airbnb ROI: -0.54%

Traditional ROI: 1.4%

3808 Vale Drive

Traverse City, MI

2 beds | 1 baths | 906 sq.ft.

$197,900

Airbnb cash on cash: 1%

Traditional cash on cash: 4.11%

Airbnb Rental Income: $1220

Traditional Rental Income: $1412

Airbnb ROI: 1%

Traditional ROI: 4.11%

3756 Country Club Drive #9

Traverse City, MI

2 beds | 2 baths | 1,468 sq.ft.

$500,000

Airbnb cash on cash: -0.6%

Traditional cash on cash: 1.61%

Airbnb Rental Income: $1403

Traditional Rental Income: $2015

Airbnb ROI: -0.6%

Traditional ROI: 1.61%

4033 Sherwood Forest Drive

Traverse City, MI

4 beds | 3 baths | 2,550 sq.ft.

$375,000

Airbnb cash on cash: 1.93%

Traditional cash on cash: 7.13%

Airbnb Rental Income: $2220

Traditional Rental Income: $3491

Airbnb ROI: 1.93%

Traditional ROI: 7.13%

109 E Front Street #301

Traverse City, MI

2 beds | 3 baths | 2,192 sq.ft.

$1,999,999

Airbnb cash on cash: -2.66%

Traditional cash on cash: -1.48%

Airbnb Rental Income: $1022

Traditional Rental Income: $2854

Airbnb ROI: -2.66%