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    Cheboygan, MI
    Multifamily

    Cheboygan, MI Multifamily Properties for Sale

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    Indian River, MI Onaway, MI Ocqueoc, MI Topinabee, MI Afton, MI Pointe Aux Pins, MI Brutus, MI Levering, MI
    Renovated Triplex with Vacant Unit
    Updated: Aug 13
    Renovated Triplex with Vacant Unit

    321 Dresser Street, Cheboygan, MI 49721

    $209,900
    Three‑unit property with two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment
    Apartment 2 extensively renovated in 2025 with new flooring, kitchen, bathroom, windows, paint, fixtures, and laundry hookup
    Two apartments occupied; one vacant and move‑in ready
    Newer roof plus new front and side porches
    Three off‑street parking spaces
    View details
    6-Unit Brick Apartment Building
    Updated: Aug 14
    6-Unit Brick Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $259,900
    Approximately 7,500 square feet in a brick apartment building
    Six potential rental units
    Includes a garage and additional office space
    Walking distance to downtown Cheboygan, shops, restaurants, services, and the waterfront
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    2 active listings match your search: Multifamily for sale in Cheboygan, MI. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

    Opportunities in Nearby Cities

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

    13-Unit Apartment Property
    13-Unit Apartment Property

    5692 US-31, Levering, MI 49755

    $497,000
    4,769 sqft 1.10 AC lot

    The operating property includes laundry, paved parking, and an attached house/office.

    View details
    7-Unit Apartment Property
    7-Unit Apartment Property

    2870 US-31, Levering, MI 49755

    $269,000
    2,800 sqft 1.60 AC lot

    Commercial zoning and on-site coin laundry complement its long-term efficiency apartment operation.

    View details
    Remodeled Furnished Short-Term Rental
    Remodeled Furnished Short-Term Rental

    4-4179 S Straits Hwy, Indian River, MI 49749

    $215,000
    399 sqft

    Fully furnished and equipped riverfront lodging property with access to Northern Michigan’s Inland Waterway system.

    View details
    Remodeled Furnished Short-Term Rental Cabin
    Remodeled Furnished Short-Term Rental Cabin

    3-4179 S Straits Hwy, Indian River, MI 49749

    $199,900
    360 sqft

    Cabin association property along the Sturgeon River with furnishings and equipment included.

    View details

    Cheboygan, MI Multifamily Properties Market Trends and Statistics

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

    Sale prices for multifamily properties in Cheboygan, MI start at $209,900, averaging $234,900, and reaching up to $259,900 — 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

    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49721 $309.3K

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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    • 49721

    Featured Cheboygan Real Estate Agencies

    Realmo connects you with licensed Cheboygan CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Coldwell Banker Schmidt Realtors of Cheboygan
    10667 N. Straits Highway, P.O. Box 217 Cheboygan, MI 49721
    Phone: (231) 627-9959
    Pure Michigan Property
    10621 Twin Lake Road Cheboygan, MI
    Phone: (906) 420-3400
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