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    Lake, MI Multifamily Properties for Sale

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    Farwell, MI Clare, MI Sears, MI
    Duplex with Detached Four-Car Garage
    $318,900
    3,744 SF

    Duplex with Detached Four-Car Garage

    10215 S Lake Station, Lake, MI 48632

    Duplex with rental income potential near multiple lakes.

    • Duplex offers opportunity to live in one unit and rent out the other
    • Features a large 4‑car detached garage (24x48)
    • Each unit has 2 bedrooms and 1 bath
    • Includes central air and natural gas heat
    • Each unit has a full basement
    Updated: Aug 16, 2025
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    Waterfront Cabins on Crooked Lake
    $649,000
    3,164 SF

    Waterfront Cabins on Crooked Lake

    1249 N CROOKED, Lake, MI 48632

    Four updated cabins on Crooked Lake with 109' frontage.

    • Four updated cabins on one waterfront lot offer flexible use.
    • 109 feet of water frontage on all‑sports Crooked Lake with a vinyl seawall.
    • Recently updated cabins include new roofs and bathrooms.
    • Multiple outbuildings: 3 storage sheds and 2 'she' sheds.
    • Includes desirable amenities: firepit, large barbeque, and sandy beach area.
    Updated: Mar 23, 2025
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    Duplex Near Crooked and Perch Lake
    $519,000
    8,128 SF

    Duplex Near Crooked and Perch Lake

    Two duplexes near Crooked and Perch Lake, each with two units.

    10195 S Lake Station, Lake, MI 48632
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    Duplex Near Crooked and Perch Lake
    $315,000
    4,496 SF

    Duplex Near Crooked and Perch Lake

    Two-unit duplex near lakes, ideal for owner-occupancy with rental income.

    10203 S Lake Station, Lake, MI 48632
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in 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.

    Mt. Pleasant Duplex Investment Opportunity
    $129,900
    1,444 SF

    Mt. Pleasant Duplex Investment Opportunity

    Two-unit duplex in Mt. Pleasant with immediate cash flow.

    628 Oak, Mt Pleasant, MI 48858
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    Mount Pleasant Multi-Family Opportunity
    $230,000
    0.24 Acres

    Mount Pleasant Multi-Family Opportunity

    Income-generating duplex with easy-living features and strong community appeal.

    715-717 N Bradley Street, Mount Pleasant, MI 48858
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    Mt Pleasant Duplex For Sale
    $114,900
    1,440 SF

    Mt Pleasant Duplex For Sale

    Two-story duplex in Mt. Pleasant with steady rental income.

    1504 Lyons Street, Mt Pleasant, MI 48858
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    Mount Pleasant Duplex For Sale
    $230,000

    Mount Pleasant Duplex For Sale

    Income-generating duplex with flexible living and investment options.

    715-717 N Bradley St, Mount Pleasant, MI 48858
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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.

    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
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    Sanford Vacant Land with Utilities
    Contact for pricing
    0.80 Acres

    Sanford Vacant Land with Utilities

    Two lots with water and electric hookups, lake access.

    978 timberlynn trail, Sanford, MI 48657
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    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
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    Tippy Dam Lodge Retreat
    $999,900
    22.24 Acres

    Tippy Dam Lodge Retreat

    Unique lodge in Manistee National Forest with multiple buildings.

    1306 N Tippy Dam Road, Wellston, MI 49689
    View details

    Lake, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 4 multifamily properties for sale in Lake, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 19,532 square feet of properties for sale, with an estimated market value of $1,801,900.

    Sale prices for multifamily properties in Lake, MI start at $315,000, averaging $450,475, and reaching up to $649,000 — 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

    Duplexes 4
    Mobile home & RV parks 2
    Quadplexes 2

    Demographics Overview

    Population 4,995
    Population Growth (5Y) -4.8%
    Median Household Income $51,740
    College Educated 18.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    48632 $450.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.50%
    Tax Rate vs County Average 0.85 pp below county avg
    Average Loan-to-Value 65.0%

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