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    Cheboygan, MI
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    Cheboygan, MI Multifamily Properties for Sale

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    Indian River, MI Onaway, MI Afton, MI Ocqueoc, MI Topinabee, MI Pointe Aux Pins, MI Brutus, MI Wolverine, 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
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    6-Unit Apartment Building
    Updated: Aug 13
    6-Unit Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $399,000
    6‑unit apartment building
    Attached garage included
    Storage area and partial basement
    Office area could be converted to an efficiency apartment
    Paved parking at the rear of the building
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    Six-Unit Apartment Building
    Six-Unit Apartment Building

    123 North Bailey Street, Cheboygan, MI 49721

    $399,000
    16,718 sqft

    Commercially zoned property with rear paved parking, an attached garage, and storage space.

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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 7 Potential Opportunities for your consideration. Besides 3 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    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.

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    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.

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    13-Unit Apartment Building
    13-Unit Apartment Building

    5692 N US 31 Highway, Levering, MI 49755

    $497,000
    4,769 sqft

    Fully rented efficiency-apartment property with on-site laundry, paved parking, and an attached house/office.

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    7-Unit Apartment Building
    7-Unit Apartment Building

    2870 N US 31 Highway, Levering, MI 49755

    $269,000
    2,800 sqft

    Fully rented efficiency apartments with on-site coin laundry and commercial zoning.

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    Cheboygan, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Cheboygan, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 16,718 square feet of properties for sale, with an estimated market value of $1,007,900.

    Sale prices for multifamily properties in Cheboygan, MI start at $209,900, averaging $335,966, and reaching up to $399,000 — 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 2
    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 $319.5K

    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)

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