Petoskey, MI Residential income properties for sale

Versatile Commercial Property Near Hospital

$1,930,000

10,580 SF

Versatile Commercial Property Near Hospital

525 W Mitchell St, Petoskey, MI 49770

Commercially zoned property with multiple rental units and commercial spaces.

High Income Potential: 16 micro rental units, 2 commercial spaces, and a house offer diverse income streams.
Prime Location: Across from a regional hospital and walkable to downtown Petoskey's restaurants and waterfront.
Versatile Zoning: Commercially zoned COP‑B‑3 & RM‑2 allows for various business and residential uses.
Substantial Rental Space: Approximately 10,580 sq ft of rental opportunity.
Recent Upgrades: Includes a new $90K roof, new windows, and updated vanities/sinks.

Updated: Jan 26

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Victorian-Style 5-Unit Multifamily Property

$850,000

0.17 Acres

Victorian-Style 5-Unit Multifamily Property

624 Michigan St, Petoskey, MI 49770

Petoskey 5-unit with recent renovations and strong rental demand.

High Income Potential: In‑place rent of ~$7,500/month with proven demand.
Extensive Recent Renovations: New roof, exterior paint, remodeled breezeways, upgraded electrical/plumbing in select units, full unit renovations with updated kitchens/baths, and a new laundry room.
Prime Location: Situated in the heart of Petoskey with excellent walkability.
Solid Investment: Opportunity for value appreciation through continued unit optimization and amenity enhancements.
Appealing Aesthetics: Victorian‑style architecture with bay windows and tasteful landscaping.

Updated: Jan 28

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Petoskey Multifamily Investment Opportunity

$850,000

0.16 Acres

Petoskey Multifamily Investment Opportunity

Well-maintained 6-unit multifamily property near downtown Petoskey.

524 State St, Petoskey, MI 49770

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$875,000

3.43 Acres

Petoskey Multifamily Investment Opportunity

Five-unit property near downtown Petoskey with strong cash flow.

138 E Sheridan St, Petoskey, MI 49770

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$350,000

1,816 SF

Petoskey Duplex: Income Potential

Centrally located Petoskey duplex with income potential near downtown.

513 Liberty St, Petoskey, MI 49770

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$568,000

55.42 Acres

Petoskey Lakefront Development Land

55 Acres, Mixed-Use Potential, Lakefront

4281 Pickeral Lk Rd, Petoskey, MI 49770

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Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 6 Active listings in Petoskey, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building in Downtown Charlevoix

$1,450,000

5,656 SF

Mixed-Use Building in Downtown Charlevoix

5,656 SF mixed-use building with diversified income streams.

109 & 111 Brg, Charlevoix, MI 49720

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$1,199,000

52.00 Acres

25 Acres Commercial Land Available

25 acres of commercial land ideal for RV Park.

0000 Us 31 N, Charlevoix, MI 49720

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Gaylord Land: 16 Acres Prime Development

$299,000

16.59 Acres

Gaylord Land: 16 Acres Prime Development

16.59 acres, prime Gaylord location. Commercial & residential potential.

0 Mcvannel Rd, Gaylord, MI 49735

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$325,000

4,822 SF

Downtown Gaylord Mixed-Use Building

Commercial building with mixed-use potential and upper-level apartment.

144 W Main St, Gaylord, MI 49735

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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.

$568,000

55.42 Acres

55 Acres Near Pickeral Lake

55-acre land parcel zoned for residential, farm, and forest use.

4281 Pickeral Lk Rd, Petoskey, MI 49770

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$369,000

Petoskey Development Site with Bay Views

Development site with panoramic bay views, suitable for mixed-use projects.

4367 Charlevoix Ave, Petoskey, MI 49770

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$74,900

4.46 Acres

Wooded Acreage Near Petoskey

Scenic 4.46 acre wooded parcel near downtown Petoskey, MI.

Wildwood Rd, Petoskey, MI 49770

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Explore Off-Market Properties in Petoskey, MI

Consider similar Off-Market properties in Petoskey, 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.

4281 Pickeral Lk Rd

Mixed-use properties • 55.42 Acres

Value Estimation by Request

4281 Pickeral Lk Rd, Petoskey, MI 49770

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Petoskey, MI Residential Income Properties Investment Opportunities Market Analysis

Explore 7 residential income properties for sale in Petoskey, MI, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 2,577,881 square feet of properties for sale, with an estimated market value of $3,143,000.

Sale prices for residential income properties in Petoskey, MI start at $568,000, averaging $785,750, and reaching up to $875,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Petoskey, MI Residential Income Properties for Sale

Versatile Commercial Property Near Hospital

Commercially zoned property with multiple rental units and commercial spaces.

Victorian-Style 5-Unit Multifamily Property

Petoskey 5-unit with recent renovations and strong rental demand.

Petoskey Multifamily Investment Opportunity