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    Manistee, MI
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    Manistee, MI Multifamily Properties for Sale

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    Free Soil, MI Onekama, MI Kaleva, MI Brethren, MI Bear Lake, MI Ludington, MI Fountain, MI Arcadia, MI
    12 properties
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    Mixed-Use Property With Apartments
    Updated: Aug 1
    Mixed-Use Property With Apartments

    435 River Street, Manistee, MI 49660

    $475,000
    6,556 sqft 0.07 AC lot
    3,300 SF retail area on the main level
    Four upstairs apartments: three one‑bedroom and one two‑bedroom units
    3,300 SF basement for storage or workshop use
    Electrical, plumbing, flooring, and roof updated in the past couple of years
    Brick construction with rubber roof
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    Two-Story Mixed-Use Building
    Updated: Aug 3
    Two-Story Mixed-Use Building

    135 Washington Street, Manistee, MI 49660

    $259,000
    3,800 sqft 0.08 AC lot
    3,800 SF mixed‑use building on a 0.08‑acre corner lot
    Approximately 1,000 SF of ground‑floor retail space
    888 SF one‑bedroom apartment on the main level
    1,262 SF upper apartment with 3 bedrooms
    Pressed‑tin ceilings and large display windows
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    Two-Unit Duplex With Off-Street Parking
    Two-Unit Duplex With Off-Street Parking

    510 Cypress Street, Manistee, MI 49660

    $199,000
    0.14 AC lot

    Separate upper and main-level living areas include laundry and mud-room 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
    Two-Story Brick Mixed-Use Building
    Two-Story Brick Mixed-Use Building

    135 Washington St, Manistee, MI 49660

    $259,000
    3,800 sqft

    Main-level retail space is paired with two apartments in a historic Manistee commercial setting.

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    Single-Level Duplex with Laundry Hookups
    Single-Level Duplex with Laundry Hookups

    75 Filer Street, Manistee, MI 49660

    $205,000
    0.09 AC lot

    Single-level duplex with both units on the first floor, updated with new flooring, paint, and modern appliances.

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    Updated Duplex with Private Deck
    Updated Duplex with Private Deck

    264 6th Avenue, Manistee, MI 49660

    $205,000
    0.09 AC lot

    Two-unit duplex with updated 2-bedroom and 1-bedroom units, a basement with washer/dryer, and a private deck.

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    Mixed-Use Retail and Rental Building
    Mixed-Use Retail and Rental Building

    221 5th Street, Manistee, MI 49660

    $149,000
    0.11 AC lot

    Two upper rental units sit above a retail space with storage, plus off-street parking and an oversized attached two-car garage.

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    Mixed-Use Building in Manistee
    Mixed-Use Building in Manistee

    221 5th Street, Manistee, MI 49660

    $149,000
    5,040 sqft

    Multi-purpose building with rental units and retail space.

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    Two-Unit Duplex with Off-Street Parking
    Two-Unit Duplex with Off-Street Parking

    510 Cypress St, Manistee, MI 49660

    $199,000

    Two distinct living levels include a spacious main-floor layout, upper-level bedrooms, and convenient laundry access.

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    Updated Duplex with Private Deck
    Updated Duplex with Private Deck

    264 6th, Manistee, MI 49660

    $205,000

    Two-unit property with basement laundry, driveway parking, and private outdoor space.

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    Updated Duplex: Investment or Owner-Occupied
    Updated Duplex: Investment or Owner-Occupied

    264 6th Ave, Manistee, MI 49660

    $205,000

    Well-maintained duplex with modern updates, ideal for investment or owner-occupancy.

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    Duplex with Privacy Fenced Backyard
    Duplex with Privacy Fenced Backyard

    244 5th St, Manistee, MI 49660

    $215,000

    Well-maintained duplex offers two separate units with separate utilities, a finished basement, and a two-car garage.

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    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 12 Active listings in Manistee, 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.

    Seven-Cabin Motel Property
    Seven-Cabin Motel Property

    Free Soil, MI 49411

    $565,000
    3,011 sqft 2.33 AC lot

    Private-bath cabins include a larger unit with a full kitchen and smaller units with microwaves and mini refrigerators.

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    Vintage Cabin Motel
    Vintage Cabin Motel

    Free Soil, MI 49411

    $565,000
    3,001 sqft 2.33 AC lot

    Seven individually equipped cabins with private bathrooms and a larger unit suitable for rental use or an owner residence.

    View details
    Multi-Unit Residential Building with Lot
    Multi-Unit Residential Building with Lot

    7378 Chief Road, Bear Lake, MI 49614

    $389,900
    1.72 AC lot

    2- to 4-unit residential income building with a sizable lot offers flexibility for future planning in Manistee County.

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    Multi-Unit Residential Property
    Multi-Unit Residential Property

    Bear Lake, MI 49614

    $389,900
    1.72 AC lot

    Residential income property with a substantial land component in Bear Lake, Michigan.

    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

    Manistee, MI Multifamily Properties Market Trends and Statistics

    Explore 12 multifamily properties for sale in Manistee, MI, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 19,196 square feet of properties for sale, with an estimated market value of $2,724,000.

    Sale prices for multifamily properties in Manistee, MI start at $149,000, averaging $227,000, and reaching up to $475,000 — 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

    Duplexes 8
    Quadplexes 1
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) +1.2%
    Median Household Income $62,211
    College Educated 30.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49660 $227K

    Taxes & Financing

    Tax Rate (average for all types) 3.88%
    Tax Rate vs County Average 0.07 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Manistee County

    New Delisted

    Total CRE Inventory on Market (SF)

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