Alpena, MI Residential income properties for sale

Updated Victorian Duplex with 2-Car Garage

$264,900

2,352 SF

Updated Victorian Duplex with 2-Car Garage

328 W Washington Avenue, Alpena, MI 49707

Victorian-era duplex with two 2-bedroom units, updated kitchens and bathrooms, and a large 2-car garage parking area.

Immaculate, updated duplex in Alpena's historical district, ideal for investment.
Prime location: just 4 blocks from Lake Huron and a short walk to downtown.
Two spacious units, each with 2 bedrooms, 1 bath, updated kitchens and bathrooms, and laundry.
Features include hardwood floors, ornate woodwork, custom built‑ins, and 9' ceilings.
Exterior boasts new vinyl siding, brick, newer roof (2023), porch, and balcony.

Updated: May 16

View details

Versatile Commercial Property with Apartment

$175,000

3,500 SF

Versatile Commercial Property with Apartment

4782 Werth Road, Alpena, MI 49707

Commercial property with retail, warehouse, and apartment in Alpena.

High‑visibility location on nearly an acre.
Versatile commercial property with over 3100 sq ft.
Retail/showroom, offices, and spacious warehouse with overhead door.
1‑BR, 1‑bath apartment for on‑site living or rental income.
Recent capital improvements: new roof (within 5 years) and newer siding.

Updated: Oct 21, 2025

View details

$499,900

1,054 SF

Auto Repair Property with Storage Units

Multi-tenant auto repair, rental home, and six rented storage units on B-2 zoned acreage off US Highway 23.

3216 S US Highway 23, Alpena, MI 49707

View details

$224,900

2,273 SF

Updated Multi-Family Income Property

A well-presented older multi-family with updated interiors and coin-operated laundry for tenant convenience.

310 W Campbell Street, Alpena, MI 49707

View details

$530,000

3,662 SF

Downtown Alpena Mixed-Use Building

Historic building with retail space and renovated apartment.

105 N 2nd Avenue, Alpena, MI 49707

View details

$80,000

634 SF

Cozy Ranch in Alpena Township

One-bedroom ranch, ideal vacation home or investment opportunity.

2129 Werth Road, Alpena, MI 49707

View details

$289,900

Immaculate Victorian French Tudor Duplex

Updated Alpena duplex near Lake Huron and downtown.

328 W Washington Ave, Alpena, MI 49707

View details

$95,000

Residential Development Land with Outbuildings

Generous Woodcrest Subdivision lot with a 2-car garage, workshop, and additional shed for flexible next steps.

Timber Lane lot: 68, Alpena, MI 49707

View details

$2,270,000

26.00 Acres

Waterfront RV Park and Livery

Thriving RV park and canoe livery near downtown Alpena.

5005 Long Rapids Road, Alpena, MI 49707

View details

Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 9 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.

$280,000

Vanderbilt Multi-Unit Investment Opportunity

Multi-unit property with income potential in downtown Vanderbilt.

566 E MAIN STREET, Vanderbilt, MI 49795

View details

$185,900

Furnished Triplex with Storage Outbuildings

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

351 W Main St, Vanderbilt, MI 49795

View details

$450,000

7.45 Acres

Lake Huron Cabin Investment Opportunity

Rental cabins with lake views on 7.45 acres.

4060 S US-23 Hwy, Greenbush, MI 48738

View details

$450,000

7.45 Acres

Lake Huron Cabin Investment Opportunity

Rental cabins with lake views on 7.45 acres.

4060 S US-23 Hwy, Greenbush, MI 48738

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.

Contact for pricing

0.27 Acres

Residential Land in Sunrise Circle

Residential land with utilities in established subdivision near Alpena.

2228 Sommerset Drive lot: 12, Alpena, MI 49707

View details

Contact for pricing

0.25 Acres

Residential Land in Alpena, MI

Residential land ready for construction with city utilities.

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

View details

$249,900

Lake Huron Buildable Lot

Vacant lot near Alpena with sunrise views on Lake Huron.

N Partridge Point Road lot: 1, Alpena, MI 49707

View details

$132,000

40.00 Acres

40 Acres Land Near Alpena

40-acre parcel suitable for building or future development near Alpena.

V/L 40AC Hamilton Road, Alpena, MI 49707

View details

Alpena, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 9 residential income properties for sale in Alpena, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 13,475 square feet of properties for sale, with an estimated market value of $1,774,700.

Sale prices for residential income properties in Alpena, MI start at $80,000, averaging $295,783, and reaching up to $530,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49707	$600.8K

Neighborhood

Average Price

49707

$600.8K