Michigan Residential Income Properties for Sale

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Updated: Aug 17

Convenience Store With Fuel Pumps

3703 County 416 20th Road, Gladstone, MI 49837

$500,000

3,432 sqft 0.84 AC lot

3,432‑square‑foot commercial property on 0.84 acres
Unleaded gasoline and diesel fuel pumps on site
Two rented 2‑bedroom upper‑level apartments
Third 2‑bedroom main‑floor apartment used for office, storage, and kitchen prep
25x23 detached garage with concrete floor and power

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3703 County 416 20th Road, Gladstone, MI 49837

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$45K
Annual
Price @ 7% Cap

$645K
Above asking

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Updated: Aug 25

7-Unit Apartment Building with Porches

1523 Saint Clair River Drive, Algonac, MI 48001

$595,000

4,565 sqft 0.17 AC lot

7‑unit apartment property with 4,565 square feet of building area
0.17‑acre parcel in Algonac, MI
Interior updates completed within the last 5 years, including flooring, tile bathrooms, and paint
Updated interior sewer lines and coin‑operated washer and dryer
Separate meters for gas and electric

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Restored Cottage Court Resort

917 S Bayshore Drive, Elk Rapids, MI 49629

$1,750,000

4,000 sqft 5.88 AC lot

Waterfront-area hospitality property with individually renovated cottages, shared guest amenities, and an on-site owners’ residence.

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Mixed-Use Property With Storefronts

23589 Van Born Road, Taylor, MI 48180

$699,900

6,642 sqft 0.10 AC lot

Two commercial spaces and leased apartments combine retail, office, and residential components at a signalized corner location.

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Two-Story Apartment Building

29425 W Jefferson Avenue, Rockwood, MI 48173

$1,900,000

12,144 sqft 1.32 AC lot

Twenty-four-unit apartment property with a varied unit mix, basement, municipal utilities, and on-site parking.

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Remodeled 18-Unit Apartment Building

St Joseph, MI 49085

$2,495,000

14,086 sqft 0.81 AC lot

Brick multifamily property with in-unit laundry and separately metered tenant-paid electric.

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Three-Building Apartment Property

4987 Loeb Road, Charlevoix, MI 49720

$1,495,000

6,317 sqft 2.00 AC lot

Leased apartment compound with commercial zoning, established improvements, and capacity for an additional unit.

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Four-Unit Brick Quadplex

681 W Canfield Street, Detroit, MI 48201

$1,200,000

7,000 sqft 0.10 AC lot

Income-producing residential property with renovated systems, dedicated parking, and three occupied apartments.

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Garden-Style Apartment Community

15925 W 11 Mile Road, Southfield, MI 48076

$1,375,000

7,600 sqft 0.70 AC lot

8-unit, fully occupied garden-style community with in-unit washer/dryer and 14 parking spaces on two two-story buildings.

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Resort With Canoe Livery

505 Rainbow Park Trail, Mio, MI 48647

$650,000

11,000 sqft 2.53 AC lot

Hospitality property with rental cabins, an owner’s residence, and supporting commercial improvements.

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Four-Unit Carriage House

681 W Canfield Street, Detroit, MI 48201

$1,200,000

7,000 sqft

Preserved multifamily property with apartment-scale layouts, dedicated parking, and substantial capital improvements in Midtown Detroit.

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Mixed-Use Property with Retail and Residence

208 S Elm Street, Three Oaks, MI 49128

$1,975,000

16,474 sqft 1.54 AC lot

Combined retail, residential, and storage improvements with additional land along US-12 in Three Oaks.

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Mixed-Use Property with Rental Units

525 W Mitchell Street, Petoskey, MI 49770

$1,870,000

10,580 sqft

Versatile commercial property combining residential accommodations, office or retail areas, and on-site parking in an established downtown setting.

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Six-Unit Duplex Portfolio

1447 Albany St, Ferndale, MI 48220

$960,000

4,502 sqft

Fully leased bungalow-style duplex assets span established neighborhoods in Ferndale and Royal Oak.

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Fully Renovated Apartment Building

13233 La Salle Boulevard, Detroit, MI 48238

$999,999

9,000 sqft 0.20 AC lot

Renovated 18-unit multifamily building with one- and two-bedroom apartments, forced-air heat, and public water.

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10-Unit Apartment Portfolio

218 S COTTAGE STREET, Cadillac, MI 49601

$575,000

6,100 sqft

Three nearby rental properties offer off-street parking and access to downtown shopping, dining, entertainment, and employment.

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Mixed-Use Property With Retail

4165 Cass Ave, Detroit, MI 48201

$1,800,000

11,413 sqft

Six apartments and three retail tenants support a combined residential and commercial configuration.

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Hotel Property with Lake Views

1757 N Manitou Trail, Leland, MI 49654

$4,200,000

9,244 sqft 4.33 AC lot

Hospitality property with multiple buildings, short-term lodging units, and private frontage on North Lake Leelanau.

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Dual-Property Mixed-Use Package

1970 N Evergreen Drive, White Cloud, MI 49349

$1,100,000

7,200 sqft

Two connected holdings combine residential accommodations, business space, and established rental activity under residential zoning with a commercial overlay.

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Updated Multifamily with Private Decks

13662 Red Arrow Highway, Harbert, MI 49115

$2,850,000

8,000 sqft 0.35 AC lot

Fully updated multi-unit property with professionally designed units, each featuring a private deck and currently operating as a short-term rental.

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30-Unit Apartment Building

21124 Schoolcraft, Detroit, MI 48223

$1,650,000

19,500 sqft 0.42 AC lot

1968-built, B4-zoned 30-unit apartment property with one-bedroom units, on-site parking, and immediate access to I-96 and M-39.

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10-Unit Multifamily Portfolio

314 E PINE, Cadillac, MI 49601

$575,000

6,100 sqft

Three nearby rental properties offer established occupancy and convenient access to downtown Cadillac amenities.

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10-Unit Apartment Building

1205 Garfield Avenue, Lincoln Park, MI 48146

$894,800

9,280 sqft

Ten 1-bedroom, 1-bath units with ample parking, including some newly renovated apartments, reported as cash-flow positive.

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Hotel Property With Lake Views

1757 N Manitou Trail, Leland, MI 49654

$4,200,000

9,244 sqft 4.33 AC lot

Hospitality property comprising multiple buildings and short-term lodging units near North Lake Leelanau.

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Michigan Residential Income Properties Market Trends and Statistics

Explore 2672 residential income properties for sale in Michigan, showcased through 2672 active listings on our real estate platform. These investment opportunities span a total of 9,071,344 square feet of properties for sale, with an estimated market value of $1,114,521,110.

Sale prices for residential income properties in Michigan start at $30,000, averaging $466,131, and reaching up to $21,000,000 — 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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