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    Onaway, MI
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    Onaway, MI Multifamily Properties for Sale

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    Triplex Riverfront Homes
    Updated: Mar 12
    Triplex Riverfront Homes

    7039 River Bend Drive, Onaway, MI 49765

    $274,000
    2,484 sqft
    Three rental units in a bungalow triplex configuration
    On 90 feet of Black River/Tower Pond waterfront
    Unit 1: two bedrooms, 864 SF; new water heater installed June 2025
    Unit 2: two bedrooms, 900 SF
    Unit 3: one bedroom, 700 SF
    View details
    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 9 Potential Opportunities for your consideration. Besides 1 Active listings in Onaway, 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.

    Gaylord Duplexes: Income Opportunity
    Gaylord Duplexes: Income Opportunity

    126 & 128 E Mill Street, Gaylord, MI 49735

    $725,000
    3,440 sqft 0.41 AC lot

    Two duplexes built in 2023, great for rental income.

    View details
    Three-Unit Triplex
    Three-Unit Triplex

    108 N Elm Avenue, Gaylord, MI 49735

    $139,900
    2,642 sqft

    C-2 zoned three-unit triplex with vinyl construction, natural gas heating, and public sewer service.

    View details
    Furnished Triplex with Storage Outbuildings
    Furnished Triplex with Storage Outbuildings

    351 W Main St, Vanderbilt, MI 49795

    $185,900

    Three-unit triplex with recent exterior and interior upgrades, plus new septic and onsite storage suited for mid-term furnished rentals.

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    Convenience Store and Gas Station
    Convenience Store and Gas Station

    10982 N Old 27 Hwy, Vanderbilt, MI 49795

    Contact for pricing

    Convenience store and gas station business setup includes living quarters, rental cabins, and an ice cream shop.

    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.

    Elevated Farmland Development Parcel
    Elevated Farmland Development Parcel

    Parcel C E Duck Lake Road, Suttons Bay, MI 49682

    $2,600,000
    74.20 AC lot

    Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

    View details
    Recreation Land with Boat Slip
    Recreation Land with Boat Slip

    831 S Main Street, Au Gres, MI 48703

    Contact for pricing
    0.01 AC lot

    Seasonal recreational setup with a trailer addition, private patio, and access to shared community amenities.

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    Private Camping Lot with Electrical Hookups
    Private Camping Lot with Electrical Hookups

    4537 Pine Run Road, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Recreation lot in a private gated association with multiple 30 AMP electrical and septic hookups for camper-ready use.

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    Log Lodge Resort With Guest Homes
    Log Lodge Resort With Guest Homes

    1306 N Tippy Dam Road, Wellston, MI 49689

    $900,000
    22.24 AC lot

    Three log structures, commercial kitchen equipment, and two additional homes support group stays and onsite lodging.

    View details

    Onaway, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Onaway, MI on our real estate platform. These investment opportunities span a total of 2,484 square feet of properties for sale, with an estimated market value of $274,000.

    Sale prices for multifamily properties in Onaway, MI average $274,000 — 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

    Triplexes 1

    Demographics Overview

    Population 4,287
    Population Growth (5Y) +15.9%
    Median Household Income $53,125
    College Educated 19.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49765 $274K

    Taxes & Financing

    Tax Rate (average for all types) 3.24%
    Tax Rate vs County Average 1.42 pp below county avg
    Average Loan-to-Value 65.0%

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