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    Coloma, MI
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    Coloma, MI Residential Income Properties for Sale

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    All-Brick Duplex with Detached Garages
    Updated: Aug 12
    All-Brick Duplex with Detached Garages

    157 Elvern Drive, Coloma, MI 49038

    $280,000
    2,000 sqft
    Two‑unit all‑brick duplex built in 1962
    Each unit includes 2 bedrooms and 1 full bath
    Detached one‑car garage and private backyard for each unit
    Newer roof, furnaces, and water heaters
    Both units occupied under 1‑year leases with the seller
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    This listing looks promising.

    Here's a quick look at some key insights for

    157 Elvern Drive, Coloma, MI 49038

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    • Est. Cap Rate

      6.5%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $261K
      Suggested
    View Property Analytics
    Seven-Cabin Rental Compound
    Updated: Jul 17
    Seven-Cabin Rental Compound

    5358 Paw Paw Lake Road, Coloma, MI 49038

    $1,125,000
    3,460 sqft 1.00 AC lot
    Seven‑cabin property on approximately 1 acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, across the street from Paw Paw Lake
    Cabin mix includes three 2‑bedroom, 1‑bath cabins and three 1‑bedroom, 1‑bath cabins currently used as rentals, plus a seventh cabin converting to an office and on‑site laundry
    Generates approximately $150,000 in annual gross rental income via short‑term rentals in summer and longer‑term rentals in the off‑season
    Year built: 1935
    Central air cooling; space heater heating; natural gas available
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    All-Brick Duplex with Garages
    All-Brick Duplex with Garages

    157 Elvern Drive, Coloma, MI 49038

    $280,000
    0.35 AC lot

    Two occupied residences offer private backyards, laundry rooms, and separate detached garages.

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    Two Rebuilt Homes with Barn
    Two Rebuilt Homes with Barn

    5568 Paw Paw Lake Road, Coloma, MI 49038

    $847,000
    1.32 AC lot

    Two 2023-built homes, each with 2 beds and 1 bath, plus a new barn on 1.32 acres.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Triplex Investment Property
    Triplex Investment Property

    6128 M 63 N, Coloma, MI 49038

    $535,000
    0.24 AC lot

    Triplex marketed as a short- and medium-term rental, with recent onsite system improvements noted in April 2026.

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    Seven-Cabin Rental Property
    Seven-Cabin Rental Property

    5358 Paw Paw Lake Road, Coloma, MI 49038

    $1,125,000
    1.00 AC lot

    Seven cabins on roughly one acre across two parcels, including on-site office and laundry facility conversion.

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    Turnkey Investment Near Lake Michigan
    Turnkey Investment Near Lake Michigan

    Coloma, MI 49038

    $535,000

    Proven income property near Lake Michigan beaches and Harbor Country.

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    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 Active listings in Coloma, 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.

    Turn-Key Four-Unit Residential Income
    Turn-Key Four-Unit Residential Income

    4737 Territorial Road, Benton Harbor, MI 49022

    $325,000
    0.26 AC lot

    Renovated four-unit building with dedicated electrical and water heaters for each unit, plus basement organization and a workshop/storage area.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    422 North Main Street, Watervliet, MI 49098

    $199,900
    1,100 sqft

    Well-maintained duplex offers two separate units with in-unit laundry and ample parking.

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    Side-by-Side Ranch Duplex
    Side-by-Side Ranch Duplex

    6830 E Napier Avenue, Benton Harbor, MI 49022

    $315,000
    0.30 AC lot

    Fully updated duplex with separate driveways and garages, offering comfortable one-level living for dual households.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    Benton Harbor, MI 49022

    $325,000

    Turn-key four-unit property with separate utilities and private entrance studio on a corner lot with dedicated parking.

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    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 Lot in Deerwood Estates
    Residential Lot in Deerwood Estates

    21 Harlan Drive, Watervliet, MI 49098

    $38,500
    1.16 AC lot

    1.1 acre lot in private subdivision, build your dream home.

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    Residential Lot in Deerwood Estates
    Residential Lot in Deerwood Estates

    1 Harlan Drive, Watervliet, MI 49098

    $32,500
    1.00 AC lot

    1 acre lot in private condo development, build your dream home.

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    Residential Land Near Lake Michigan
    Residential Land Near Lake Michigan

    40609 76TH Street, Covert, MI 49043

    $169,900
    9.96 AC lot

    9.96 acres of residential land near Lake Michigan.

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    Buildable Wooded Lot Near Golf
    Buildable Wooded Lot Near Golf

    4520 Ross Drive, Benton Harbor, MI 49022

    Contact for pricing
    1.05 AC lot

    Wooded lot near golf course with private association park.

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    Coloma, MI Residential Income Properties Market Trends and Statistics

    Explore 7 residential income properties for sale in Coloma, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 5,460 square feet of properties for sale, with an estimated market value of $4,727,000.

    Sale prices for residential income properties in Coloma, MI start at $280,000, averaging $675,285, and reaching up to $1,125,000 — 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

    Multifamily properties 9
    Short term rental properties 7
    Duplexes 3
    Triplexes 1

    Demographics Overview

    Population 8,577
    Population Growth (5Y) -8.9%
    Median Household Income $60,396
    College Educated 14.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49038 $738.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.35%
    Property Tax per SF $66.34 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Berrien County

    New Delisted

    Total CRE Inventory on Market (SF)

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