Houghton Lake, MI Multifamily Properties for Sale

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Houghton Lake Heights, MI Prudenville, MI Roscommon, MI Merritt, MI Harrison, MI Saint Helen, MI Marquette, MI Gladwin, MI

8 properties

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Updated: Apr 9

Vacation Rental Home with Attached Shop

5783 W Houghton Lake Drive, Houghton Lake, MI 48629

$899,999

4,850 sqft 0.67 AC lot

Brick and block construction
Well water source
Multiple en suites for hosting guests or flexible living arrangements
Outdoor putting green and inviting outdoor spaces
Rooftop deck with views of Houghton Lake

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Updated: Feb 14

Renovated Lake-View Residential Income

5257/5259 W Houghton Lake Drive, Houghton Lake, MI 48629

$549,000

2,680 sqft

Renovated 2023 ranch home with lake views on the South Shore of Houghton Lake
Open kitchen‑to‑living layout featuring a doorwall framing lake views
Comforts include natural gas forced‑air heat and central air; vinyl construction with vinyl plank flooring
Primary suite with walk‑in closet (wall safe) and ensuite bath with walk‑in shower, porcelain tile, and river rock flooring
Updated duplex conversion of a renovated former 5‑unit motel—use for rental income, guest space, or extended family

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Resort with Docks and Sandy Beach

5358 W Houghton Lake Drive, Houghton Lake, MI 48629

$700,000

0.43 AC lot

Own a lakeside resort offering three cabins and a twinplex, with docks and sandy beach on Houghton Lake.

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Waterfront Cabin Resort

127 Oneida Drive, Houghton Lake, MI 48629

$1,500,000

7,000 sqft 1.50 AC lot

Turnkey Northern Michigan waterfront operation with multiple log cabins, private docks, and a waterfront owner’s home.

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Residential Income Property with Shop

Houghton Lake, MI 48629

$899,999

0.67 AC lot

Multi-en suite residence with a rooftop deck, outdoor putting green, and a 50x80 attached shop with lounge area.

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RV Resort Lot with Fifth-Wheel

2757 Owens Unit 130 Drive, Houghton Lake, MI 48629

$69,900

Corner lot with sprinkler system, concrete parking and patio, and an included 2018 luxury 5th-wheel with slide-outs.

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Waterfront Marina Redevelopment Site

13710 W Shore Dr, Houghton Lake, MI 48629

$600,000

21,596 sqft

Marina property with 280 feet of shoreline, a private boat launch, gas dock, trailer storage, and three buildings totaling 21,000+ SF.

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Waterfront Resort with Rental Income

10360 West Shore Drive, Houghton Lake, MI 48629

$1,500,000

10,000 sqft 5.00 AC lot

Waterfront home, RV park, and rentals on Houghton Lake.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 8 Active listings in Houghton Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

Motel and Apartment Income Property

615 S I 75 Business Loop, Grayling, MI 49738

$779,000

15,026 sqft 25.00 AC lot

Turnkey Grayling property combines 23 motel rooms with multiple 2-bedroom apartments and an on-site owner residence.

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Turnkey 8-Unit Multifamily Property

1341 S Lakeshore Drive, Lake City, MI 49651

$420,000

4,880 sqft 2.11 AC lot

Fully rented 8-unit complex with on-site expansion options plus pool-house and storage space for additional income streams.

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Turnkey Multifamily with Expansion Potential

Lake City, MI 49651

$420,000

2,448 sqft 2.11 AC lot

Fully rented 8-unit apartment complex with development potential.

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Well-Maintained Motel with Home

1024 S I 75 Business Loop, Grayling, MI 49738

$694,900

4.86 AC lot

A 22-unit motel property on 4.86 acres with a connected 1,800 sq ft residence and extensive parking.

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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.

Private Campground Lot with Hookups

4537 Pine Run, Farwell, MI 48622

$41,500

0.75 AC lot

Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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Sanford Vacant Land with Utilities

978 timberlynn trail, Sanford, MI 48657

Contact for pricing

0.80 AC lot

Two lots with water and electric hookups, lake access.

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Traverse City Land with Utilities

4866 Luanne Lane, Traverse City, MI 49685

$59,000

0.52 AC lot

Half-acre lot with well, septic, gas, and electric hookup.

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Recreational Lot with Boat Slip

831 S Main Street, Au Gres, MI 48703

Contact for pricing

0.01 AC lot

Recreational condo lot at Sleepy Oaks Harbour with a boat slip for up to a 25' boat and associated trailer improvements.

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Off-Market Properties in Houghton Lake, MI

Consider similar Off-Market properties in Houghton Lake, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

0 Nwc Huntington Rd & Reserve Rd, Houghton Lake, MI 48629

Value Estimation by Request

1.41 AC lot

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Houghton Lake, MI Multifamily Properties Market Trends and Statistics

Explore 9 multifamily properties for sale in Houghton Lake, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 46,126 square feet of properties for sale, with an estimated market value of $5,048,999.

Sale prices for multifamily properties in Houghton Lake, MI start at $549,000, averaging $1,009,799, and reaching up to $1,500,000 — 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

Demographics Overview

Population 7,922

Population Growth (5Y) +7.5%

Median Household Income $54,622

College Educated 25.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
48629	$795.5K

Taxes & Financing

Tax Rate (average for all types) 3.50%

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Roscommon County

New Delisted

Total CRE Inventory on Market (SF)

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