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    Alpena, MI
    Residential Income

    Alpena, MI Residential Income Properties for Sale

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    Presque Isle, MI Herron, MI Posen, MI Ossineke, MI Spruce, MI Lachine, MI Hubbard Lake, MI Black River, MI
    Updated Triplex with Storage
    Updated: Sep 14
    Updated Triplex with Storage

    826 River Street, Alpena, MI 49707

    $224,900
    2,151 sqft
    2,151‑square‑foot triplex with two main‑level units and one upstairs unit
    Main‑level apartments include one 1‑bedroom unit and one 2‑bedroom unit
    Additional storage space at the top of the stairs
    New roof installed in August 2026
    City Rental Certification dated 9/8/26
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    Two-Story Duplex with Coin Laundry
    Updated: May 11
    Two-Story Duplex with Coin Laundry

    310 W Campbell Street, Alpena, MI 49707

    $214,900
    2,273 sqft
    2,273‑square‑foot duplex with four bedrooms and two bathrooms
    Two‑story layout with basement
    1856 construction date
    Newer flooring, upgraded kitchens, and freshly painted entrances
    Coin‑operated laundry area with washer and dryer
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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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Alpena, 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.

    Residential Income Property with Basement
    Residential Income Property with Basement

    9806B Minnesota Street, Oscoda, MI 48750

    $114,900
    1,262 sqft

    Two-story condo with central air, covered porch, and an unfinished basement in a residential setting.

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    Senior Condominium Multifamily Community
    Senior Condominium Multifamily Community

    5951 N Skeel Ave, Oscoda, MI 48750

    Contact for pricing

    A 20-unit condominium property with fitness and common-area amenities, featuring unfinished units alongside rent-ready homes.

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    Lake Huron Cabin Investment Opportunity
    Lake Huron Cabin Investment Opportunity

    4060 S US-23 Hwy, Greenbush, MI 48738

    $450,000
    7.45 AC lot

    Rental cabins with lake views on 7.45 acres.

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    Lake Huron Cabin Investment Opportunity
    Lake Huron Cabin Investment Opportunity

    4060 S US-23 Hwy, Greenbush, MI 48738

    $450,000
    7.45 AC lot

    Rental cabins with lake views on 7.45 acres.

    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.

    Residential Land in Sunrise Circle
    Residential Land in Sunrise Circle

    2228 Sommerset Drive lot: 12, Alpena, MI 49707

    Contact for pricing
    0.27 AC lot

    Residential land with utilities in established subdivision near Alpena.

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    Residential Land in Alpena, MI
    Residential Land in Alpena, MI

    2971 Noralin Drive lot: #2, Alpena, MI 49707

    Contact for pricing
    0.25 AC lot

    Residential land ready for construction with city utilities.

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    Cleared Land Near Long Lake
    Cleared Land Near Long Lake

    US-23 S Road, Presque Isle, MI 49777

    $59,900
    0.55 AC lot

    Half-acre cleared lot near Long Lake, ready for development.

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    Wooded Land in Lachine, Michigan
    Wooded Land in Lachine, Michigan

    7124 N M65, Lachine, MI 49753

    Contact for pricing
    0.40 AC lot

    Residential land near a corn field, haven for deer.

    View details

    Alpena, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Alpena, MI on our real estate platform. These investment opportunities span a total of 4,424 square feet of properties for sale, with an estimated market value of $439,800.

    Sale prices for residential income properties in Alpena, MI start at $214,900, averaging $219,900, and reaching up to $224,900 — 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

    Multifamily properties 2
    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) +0.7%
    Median Household Income $50,699
    College Educated 25.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49707 $248.2K

    Taxes & Financing

    Tax Rate (average for all types) 4.00%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Alpena County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Popular Searches in Alpena, MI

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    Most Searched ZIP Codes in Alpena, MI

    • 49707

    Featured Alpena Real Estate Agencies

    Realmo connects you with licensed Alpena CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Banner Realty
    259 S. Ripley Blvd. Alpena, MI 49707
    Phone: 19893561177
    www.bannerrealty.com

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