Ludington, MI Residential income properties for sale

Updated: Sep 11

Three-Unit Rental Property

109 W Melendy Street, Ludington, MI 49431

$529,000

1,411 sqft 0.23 AC lot

1,411‑square‑foot triplex on a 0.23‑acre parcel
Three existing rental units with four bathrooms
Built in 1900 with a basement and forced‑air heating
Multifamily zoning permits up to 7 units
Corner location at 109 W Melendy Street, Ludington, MI 49431

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Updated: Sep 3

Renovated Short-Term Rental Property

414 E Ludington Avenue, Ludington, MI 49431

$650,000

2,198 sqft 0.19 AC lot

2,198‑square‑foot property on a 0.19‑acre site
Three fully furnished suites with full kitchens
Unit mix includes two 2‑bedroom/2‑bath suites and one 1‑bedroom/1‑bath suite
Renovated in 2020; originally built in 1954
Dedicated laundry/utility space, office, and two newer water heaters

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Three-Unit Harbor View Property

109 W Melendy Street, Ludington, MI 49431

$529,000

0.23 AC lot

Corner rental property near downtown with marina and channel views, paved parking, and potential for expanded multifamily use.

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Mixed-Use Property with Rooftop Patio

121125 121 & 125 S James St, Ludington, MI 49431

$849,000

8,208 sqft

Restaurant and bar operation combined with three rental apartments, business assets, and a full dry basement.

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Duplex with Updated Kitchens

504 E Dowland Street, Ludington, MI 49431

$310,000

0.08 AC lot

Upper and lower residences each have three bedrooms, one bathroom, and laundry hookups.

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Two-Unit Duplex with Detached Garage

409 4th Street, Ludington, MI 49431

$199,000

0.19 AC lot

Both residences have two bedrooms, separate kitchens and bathrooms, with paved parking on site.

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Waterfront Duplexes

6105 N Grace Avenue, Ludington, MI 49431

$339,000

0.40 AC lot

Two residences share one tax ID, with lake views, a well, septic system, and tenant interest in continued occupancy.

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Duplex With Updated Kitchens

504 E Dowland St, Ludington, MI 49431

$310,000

2,250 sqft

Each level contains a three-bedroom, one-bath unit with laundry hookups.

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Two-Unit Duplex with Off-Street Parking

208 S Washington Avenue, Ludington, MI 49431

$174,900

0.17 AC lot

Well-maintained duplex with two one-bedroom units, private outdoor space, and convenient access to downtown amenities.

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Furnished Short-Term Rental Suites

414 E Ludington Ave, Ludington, MI 49431

$650,000

Renovated lodging property with three furnished suites, full kitchens, dedicated utility space, and an office.

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Historic Three-Unit Triplex

109 W Melendy, Ludington, MI 49431

$529,000

This corner property is currently configured as a three-unit rental and dates to 1900.

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Two-Unit Duplex with Detached Garage

409 4th St, Ludington, MI 49431

$199,000

Both residences offer two bedrooms, separate kitchens and bathrooms, and access to a detached garage.

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RV Sites and Boat Slips

Ludington, MI 49431

$849,900

1.70 AC lot

Turnkey business opportunity with RV sites and boat slips.

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Residential Income Property

Ludington, MI 49431

$339,000

Built in 1981 with forced-air and baseboard heating systems and paved exterior improvements.

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Furnished Two-Unit Duplex

706 W Loomis Street, Ludington, MI 49431

$438,000

8,276 sqft

Furnished duplex with established daily, weekly, and monthly rental use.

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Downtown Ludington Condo with Deck

200 S Robert #54, Ludington, MI 49431

$428,000

Condo in the heart of downtown Ludington with great accessibility.

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Based on your search, we've compiled 24 Potential Opportunities for your consideration. Besides 16 Active listings in Ludington, 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.

Rebuilt Apartment Buildings

9523 N Business 31, Pentwater, MI 49449

$2,700,000

2.19 AC lot

Fully occupied residential property includes ten long-term rental units plus separate owner and management accommodations.

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Mixed-Use Storefront Property

133 S Main Street, Scottville, MI 49454

$125,000

2,850 sqft 0.08 AC lot

Fully leased building combines a commercial storefront with two upper-level residential units.

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Residential Income Property

9523 N Business 31, Pentwater, MI 49449

$2,700,000

The property is zoned R2 and R3 and has central air conditioning.

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Two-Unit Duplex with Attached Garage

212214 212-214 Taylors Ct, Scottville, MI 49454

$295,000

Two residences feature open layouts, appliance packages, main-floor laundry, full basements, and covered front porches.

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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.

Waterfront Land Parcel For Sale

Hogenson lot: D, Scottville, MI 49454

$245,000

9.37 AC lot

9.37 acre waterfront lot with 250 ft frontage.

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St Marys Lake Waterfront Land

Hogenson lot: F, Scottville, MI 49454

$169,900

10.88 AC lot

10.88 acre waterfront lot on St Marys Lake.

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St Marys Lake Waterfront Land

Hogenson lot: B, Scottville, MI 49454

$245,000

7.53 AC lot

7.53 acres with 275 ft of private lake frontage.

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Waterfront Land on St Marys Lake

Hogenson lot: G, Scottville, MI 49454

$179,900

13.13 AC lot

13.13 acres with 204 ft of private lake frontage.

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Ludington, MI Residential Income Properties Market Trends and Statistics

Explore 16 residential income properties for sale in Ludington, MI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 22,343 square feet of properties for sale, with an estimated market value of $7,322,800.

Sale prices for residential investment properties in Ludington, MI start at $174,900, averaging $457,675, and reaching up to $849,900 — 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
49431	$498.1K

Neighborhood

Average Price

49431

$498.1K

Featured Ludington Real Estate Agencies

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

GREENRIDGE Realty-Ludington

5492 W. US 10 Ludington, MI

Phone: (231) 843-6868

Lighthouse Realty Ludington Manistee

503 S Rath Ludington, MI 49431

Phone: (231) 845-7500

golighthouserealty.com

Five Star Real Estate - Ludington

513 S James St Ludington, MI

Phone: (231) 220-2555