Lake, MI Residential income properties for sale

Updated: Jun 16, 2025

Four-Unit Ranch Multifamily Property

10195 S Lake Station Avenue, Lake, MI 48632

$519,000

8,128 sqft 1.25 AC lot

Four total units across two duplex buildings
8,128 square feet on 1.25 acres
Each unit has 2 bedrooms and 1 full bathroom
Attached garage provided with every unit
All units are tenant occupied

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Updated: Aug 16, 2025

Duplex Ranch with Detached Garage

10215 S Lake Station Avenue, Lake, MI 48632

$318,900

3,744 sqft 0.72 AC lot

Two‑unit duplex with each unit offering two bedrooms and one bathroom
Full basements for both units and a shared entrance from the backside
Forced‑air natural gas heat plus central air
Deck and deck/patio outdoor features
Large 4‑car detached garage: 24x48

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Two-Unit Ranch Duplex with Central A/C

10203 S Lake Station Avenue, Lake, MI 48632

$315,000

4,496 sqft 0.64 AC lot

Well-maintained two-unit ranch duplex with central heat/air, attached garages, and shared well service.

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Waterfront Multifamily Cabin Property

1249 N CROOKED, Lake, MI 48632

$599,900

3,164 sqft 0.34 AC lot

Four updated cabins share a lakefront setting with private docks, beach area, and on-site parking.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Lake, 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.

Commercial Land with Existing House

3126 W Remus Road, Mt Pleasant, MI 48858

$159,000

1,000 sqft 1.58 AC lot

A 1.58-acre commercially oriented parcel includes a detached two-car garage and a three-bedroom house plus open land.

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Detached Mixed-Use Building with Apartment

210 N Main Street, Evart, MI 49631

$199,900

689 sqft 0.08 AC lot

Two separate units combine commercial space with a currently rented 2BR/1BA apartment.

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Two-Unit Duplex with Fenced Yard

1504 Lyons Street, Mt Pleasant, MI 48858

$114,900

1,440 sqft 0.14 AC lot

Two-story duplex with fenced yard and porch; both units are 2 bed/1 bath and currently rented.

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Recreational Waterfront Land with Cabin

10096 Grindstone Road, Evart, MI 49631

$77,900

2.06 AC lot

Recreational waterfront parcel with a small electric cabin, shed storage, and space to park an RV.

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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.

Lake-Adjacent Multi-Lot Land Opportunity

Willow Street lot: 26-30, Lake, MI 48632

$75,000

1.70 AC lot

Five buildable lots near public access to Crooked Lake, offering flexible options for a home or recreation build.

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High-Visibility Commercial Land Parcel

8568 W Ludington Drive, Lake, MI 48632

$55,000

1.67 AC lot

Mostly cleared lot with partial woods and strong visibility along US-10 near the Pere Marquette State Trail.

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Residential Homesite in Platted Subdivision

Stone Pine, Farwell, MI 48622

Contact for pricing

0.68 AC lot

Build-ready residential lot in a platted subdivision, supported by a low monthly HOA.

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Residential Building Lot

Wintergreen, Farwell, MI 48622

Contact for pricing

0.31 AC lot

Residential, platted subdivision lot in Clare County with a 0.31-acre size.

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Lake, MI Residential Income Properties Market Trends and Statistics

Explore 4 residential income properties for sale in Lake, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 19,532 square feet of properties for sale, with an estimated market value of $1,752,800.

Sale prices for residential income properties in Lake, MI start at $315,000, averaging $438,200, and reaching up to $599,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
Muskegon	$104.9K
Lake	$495.2K

Neighborhood

Average Price

Muskegon

$104.9K

Lake

$495.2K