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    Coloma, MI
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    Coloma, MI Multifamily Properties for Sale

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    6 properties
    Seven-Cabin Rental Compound
    Updated: Jul 17
    Seven-Cabin Rental Compound

    5358 Paw Paw Lake Road, Coloma, MI 49038

    $1,125,000
    3,460 sqft 1.00 AC lot
    Seven‑cabin property on approximately 1 acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, across the street from Paw Paw Lake
    Cabin mix includes three 2‑bedroom, 1‑bath cabins and three 1‑bedroom, 1‑bath cabins currently used as rentals, plus a seventh cabin converting to an office and on‑site laundry
    Generates approximately $150,000 in annual gross rental income via short‑term rentals in summer and longer‑term rentals in the off‑season
    Year built: 1935
    Central air cooling; space heater heating; natural gas available
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    All-Brick Duplex with Garages
    Updated: Aug 12
    All-Brick Duplex with Garages

    157 Elvern Drive, Coloma, MI 49038

    $280,000
    0.35 AC lot
    Two‑unit duplex with 2 bedrooms and 1 full bath in each residence
    Each unit includes a detached one‑car garage and private backyard
    0.35‑acre parcel with brick construction and a 1962 build year
    Newer roof, furnaces, and water heaters; bathrooms have been updated
    Both units are occupied under one‑year leases with the seller
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    Two Rebuilt Homes with Barn
    Two Rebuilt Homes with Barn

    5568 Paw Paw Lake Road, Coloma, MI 49038

    $847,000
    1.32 AC lot

    Two 2023-built homes, each with 2 beds and 1 bath, plus a new barn on 1.32 acres.

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    See what stands out in Berrien County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    45-Unit Apartment Portfolio
    45-Unit Apartment Portfolio

    5590 Paw Paw Lake Rd, Coloma, MI 49038

    $2,000,000

    Multifamily portfolio combining renovated apartments with additional units requiring rehabilitation before occupancy.

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    Triplex Investment Property
    Triplex Investment Property

    6128 M 63 N, Coloma, MI 49038

    $535,000
    0.24 AC lot

    Triplex marketed as a short- and medium-term rental, with recent onsite system improvements noted in April 2026.

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    Turnkey Investment Near Lake Michigan
    Turnkey Investment Near Lake Michigan

    6128 M 63 N, Coloma, MI 49038

    $535,000

    Proven income property near Lake Michigan beaches and Harbor Country.

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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 6 Active listings in Coloma, 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    209219 209-219 E Main St, Benton Harbor, MI 49022

    $1,300,000
    20,380 sqft

    Combines ground-floor commercial suites with upstairs apartments in a downtown setting.

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    Lakefront Short-Term Rental Cottages
    Lakefront Short-Term Rental Cottages

    48781 /48873 Rush Lake Road, Hartford, MI 49057

    $645,000
    1.92 AC lot

    Waterfront compound with two cottages, hot tubs, and recreational access on Rush Lake.

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    Turn-Key Four-Unit Residential Income
    Turn-Key Four-Unit Residential Income

    4737 Territorial Road, Benton Harbor, MI 49022

    $325,000
    0.26 AC lot

    Renovated four-unit building with dedicated electrical and water heaters for each unit, plus basement organization and a workshop/storage area.

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    Lakefront Short-Term Rental Property
    Lakefront Short-Term Rental Property

    48781 /48873 Rush Lake Rd, Hartford, MI 49057

    $645,000

    Two lakefront cottages combine separate layouts with outdoor amenities and existing Airbnb use.

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    Coloma, MI Multifamily Properties Market Trends and Statistics

    Explore 6 multifamily properties for sale in Coloma, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 3,460 square feet of properties for sale, with an estimated market value of $5,322,000.

    Sale prices for multifamily properties in Coloma, MI start at $280,000, averaging $887,000, and reaching up to $2,000,000 — 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

    Short term rental properties 6
    Duplexes 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 8,577
    Population Growth (5Y) -8.9%
    Median Household Income $60,396
    College Educated 14.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49038 $887K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $66.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Berrien County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

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

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