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    Bear Lake, MI
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    Bear Lake, MI Multifamily Properties for Sale

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    Arcadia, MI Onekama, MI Manistee, MI Kaleva, MI Frankfort, MI Benzonia, MI Brethren, MI Eastlake, MI
    Multi-Unit Residential Building with Lot
    Updated: Jul 1
    Multi-Unit Residential Building with Lot

    7378 Chief Road, Bear Lake, MI 49614

    $389,900
    1.72 AC lot
    Multi‑unit property with 2 to 4 units on a nearly 75,000 sq ft lot in the Bear Lake area
    Year built 1900
    Roof types include rubber and composition roofing
    Heating includes hot water (heating) and forced air
    Utilities include electricity available; water source is private and sewer is a septic tank
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    Three-Unit Residential Income Property
    Updated: Apr 10
    Three-Unit Residential Income Property

    10303 Nurnberger Road, Bear Lake, MI 49614

    Contact for pricing
    Three‑apartment building built in 1997; remodeled into apartments in 2002
    Each unit has 2 bedrooms and washer/dryer hookups
    3 separate propane furnaces with A/C plus electric meters and hot water heaters
    Units have separate entrances and sidewalks
    Owner storage room off Unit #3 includes a well expansion tank
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Bear Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Shared Deck
    Triplex with Shared Deck

    143 S Benzie Boulevard, Beulah, MI 49617

    $649,900
    2,195 sqft 0.11 AC lot

    Sunny Beulah triplex with shared laundry, furnished short-term rental units, and a shared deck off Apartment A and B.

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    Renovated Triplex with Private Entrances
    Renovated Triplex with Private Entrances

    812 Forest Avenue, Frankfort, MI 49635

    $485,000
    2,035 sqft 0.17 AC lot

    Completely renovated triplex with three apartments, private entrances, and air conditioning in each unit plus a newly paved driveway.

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    Short-Term Rental Triplex
    Short-Term Rental Triplex

    143 S Benzie Blvd, Beulah, MI 49617

    $649,900

    Three-unit triplex with two furnished short-term rentals and a shared laundry area with two washers and dryers.

    View details
    Renovated Triplex with Private Entrances
    Renovated Triplex with Private Entrances

    812 Forest Ave, Frankfort, MI 49635

    $485,000

    Completely renovated triplex with three separate units, each with modern appliances and private entrances.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Multi-Building Resort Lodge
    Multi-Building Resort Lodge

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Hospitality property with guest lodging, conference space, and a commercial kitchen.

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    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details
    Private Camping Lot with Electrical Hookups
    Private Camping Lot with Electrical Hookups

    4537 Pine Run Road, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

    View details

    Bear Lake, MI Multifamily Properties Market Trends and Statistics

    Explore 2 multifamily properties for sale in Bear Lake, MI on our real estate platform.

    Sale prices for multifamily properties in Bear Lake, MI average $389,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Triplexes 2

    Demographics Overview

    Population 2,903
    Population Growth (5Y) +2.8%
    Median Household Income $71,389
    College Educated 39.9%

    High-Yield Neighborhoods for Investment

    Identify Bear Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49614 $389.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.53%
    Tax Rate vs County Average 0.28 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Manistee County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Manistee County

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    Residential Income

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