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    Luther, MI
    Multifamily

    Luther, MI Multifamily Properties for Sale

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    Reed City, MI Leroy, MI Chase, MI Baldwin, MI Irons, MI Idlewild, MI Tustin, MI Wellston, MI
    Lakefront Multifamily Property
    Updated: Jul 27
    Lakefront Multifamily Property

    3943 N Skookum Road, Luther, MI 49656

    $3,900,000
    22,755 sqft 668.82 AC lot
    668.82‑acre multifamily property with private lake and creek waterfront
    12,500‑square‑foot lodge with 10 guest suites and commercial kitchen
    Four additional residential buildings provide approximately 8,800 square feet
    Private Rockwell Lake described as 45–50 acres
    Separate manager’s residence plus maintenance and support buildings
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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 6 Potential Opportunities for your consideration. Besides 1 Active listings in Luther, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 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.

    Double-Unit Residence with Barn
    Double-Unit Residence with Barn

    18426 14 Mile Road, Leroy, MI 49655

    $170,000
    8.25 AC lot

    Double-unit residence on approximately 8.25 acres with a barn and open space for flexible future use.

    View details
    Double-Unit Residence and Barn
    Double-Unit Residence and Barn

    Leroy, MI 49655

    $170,000
    8.00 AC lot

    Double-unit home on spacious acreage with a barn and open space for flexible living or income opportunities.

    View details
    Profitable RV Park Near Ludington
    Profitable RV Park Near Ludington

    11713 West 40th Street, Baldwin, MI 49402

    $5,500,000

    RV park with cabins, tent sites, and expansion potential.

    View details
    Duplex with Updated Systems
    Duplex with Updated Systems

    1038 Michigan Avenue Unit SourceFi, Baldwin, MI 49304

    $134,900
    1,640 sqft

    Duplex offers two leased units with separate gas and electric meters, furnaces, and water heaters.

    View details

    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.

    Multi-Building Resort Lodge
    Multi-Building Resort Lodge

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Hospitality property with guest lodging, conference space, and a commercial kitchen.

    View details

    Luther, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Luther, MI on our real estate platform. These investment opportunities span a total of 22,755 square feet of properties for sale, with an estimated market value of $3,900,000.

    Sale prices for multifamily properties in Luther, MI average $3,900,000 — 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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    Demographics Overview

    Population 2,111
    Population Growth (5Y) +30.6%
    Median Household Income $55,781
    College Educated 13.3%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49656 $3.9M

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

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