Advertise
    Cheboygan, MI
    Residential Income

    Cheboygan, MI Residential Income Properties for Sale

    Notify Me
    List
    Map
    Indian River, MI Onaway, MI Afton, MI Ocqueoc, MI Topinabee, MI Pointe Aux Pins, MI Brutus, MI Wolverine, MI
    Renovated Triplex with Vacant Unit
    Updated: Aug 13
    Renovated Triplex with Vacant Unit

    321 Dresser Street, Cheboygan, MI 49721

    $209,900
    Three‑unit property with two 1‑bedroom/1‑bath apartments and one 2‑bedroom/1‑bath apartment
    Apartment 2 extensively renovated in 2025 with new flooring, kitchen, bathroom, windows, paint, fixtures, and laundry hookup
    Two apartments occupied; one vacant and move‑in ready
    Newer roof plus new front and side porches
    Three off‑street parking spaces
    View details
    6-Unit Apartment Building
    Updated: Aug 13
    6-Unit Apartment Building

    123 N BAILEY STREET, Cheboygan, MI 49721

    $399,000
    6‑unit apartment building
    Attached garage included
    Storage area and partial basement
    Office area could be converted to an efficiency apartment
    Paved parking at the rear of the building
    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 11 Potential Opportunities for your consideration. Besides 2 Active listings in Cheboygan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, 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.

    Remodeled Furnished Short-Term Rental
    Remodeled Furnished Short-Term Rental

    4-4179 S Straits Hwy, Indian River, MI 49749

    $215,000
    399 sqft

    Fully furnished and equipped riverfront lodging property with access to Northern Michigan’s Inland Waterway system.

    View details
    Remodeled Furnished Short-Term Rental Cabin
    Remodeled Furnished Short-Term Rental Cabin

    3-4179 S Straits Hwy, Indian River, MI 49749

    $199,900
    360 sqft

    Cabin association property along the Sturgeon River with furnishings and equipment included.

    View details
    Riverfront Triplex Property
    Riverfront Triplex Property

    7039 River Bend Drive, Onaway, MI 49765

    $274,000
    2,484 sqft

    Three rental dwellings share a bungalow-style configuration with natural-gas heat and waterfront access.

    View details
    Riverfront Triplex
    Riverfront Triplex

    7039 River Bend Drive, Onaway, MI 49765

    $274,000
    2,464 sqft

    Three residential units offer a two-bedroom, two-bedroom, and one-bedroom configuration with covered deck space.

    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 Infill Development Lot
    Residential Infill Development Lot

    V/L Par A Stempky Street, Cheboygan, MI 49721

    $50,000
    0.44 AC lot

    R-M zoned Cheboygan lot with municipal water, sewer, and natural gas for duplex or small townhome development.

    View details
    Multifamily-Zoned Development Land
    Multifamily-Zoned Development Land

    V/L 1.70AC Townline Rd & Stempky St, Cheboygan, MI 49721

    $150,000

    Two parcels totaling 1.70 acres zoned R-M with municipal utilities available for low-rise multifamily housing.

    View details
    R-M Zoned Residential Development Land
    R-M Zoned Residential Development Land

    V/L 1.26AC Townline Road, Cheboygan, MI 49721

    $100,000
    1.26 AC lot

    Zoned R-M for townhome or low-rise apartment development with municipal water, sewer, and natural gas available.

    View details
    Wooded Creekside Building Lot
    Wooded Creekside Building Lot

    Parcel 2 VFW Rd, Cheboygan, MI 49721

    $49,500
    3.80 AC lot

    Wooded 3.8-acre parcel with a creek running through, offered with seller financing and no HOA restrictions.

    View details

    Off-Market Properties in Cheboygan, MI

    Consider similar Off-Market properties in Cheboygan, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    9408 Straits Hwy
    Land

    9408 Straits Hwy, Cheboygan, MI 49721

    Estimated value:
    by Request
    8.00 AC lot
    View details

    Cheboygan, MI Residential Income Properties Market Trends and Statistics

    Explore 3 residential income properties for sale in Cheboygan, MI on our real estate platform.

    Sale prices for residential income properties in Cheboygan, MI start at $209,900, averaging $304,450, and reaching up to $399,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 2
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 14K
    Population Growth (5Y) -2.2%
    Median Household Income $60,840
    College Educated 29.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49721 $319.5K

    Taxes & Financing

    Tax Rate (average for all types) 3.46%
    Tax Rate vs County Average 0.26 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cheboygan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Cheboygan, MI

    Popular Categories

    Most Searched ZIP Codes in Cheboygan, MI

    • 49721

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!