Multi-Family Investment Properties in Alpena, MI | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Multi Family Investment Properties for Sale in Alpena, MI

Property at 705 N 2nd Ave, Alpena, MI
$ 165,000
ROI
33.0ROI percentage
Cash Flow/m
Dollar sign606
  • 2 Bed
  • 2 Bath
  • 1756 sft
705 N 2nd Ave, Alpena, MI, 49707
Property at 310 W Campbell St, Alpena, MI
Fix & Flip
$ 239,900
ROI
21.8ROI percentage
Cash Flow/m
Dollar sign134
  • 4 Bed
  • 2 Bath
  • 2273 sft
310 W Campbell St, Alpena, MI, 49707
Property at 327 Long Lake Ave, Alpena, MI
$ 139,999
ROI
32.4ROI percentage
Cash Flow/m
Dollar sign492
  • - Bed
  • - Bath
  • 2805 sft
327 Long Lake Ave, Alpena, MI, 49707
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Here are some other similar properties you might be interested in:
Property at 490 W Saginaw St, Breckenridge, MI
Listed for sale 1 day ago
$ 100,000
ROI
23.1ROI percentage
Cash Flow/m
Dollar sign94
  • 3 Bed
  • 1 Bath
  • 2100 sft
490 W Saginaw St, Breckenridge, MI, 48615
Property at 19285 E Forteen Mile Rd, Clinton Township, MI
Fix & Flip
Listed for sale 1 day ago
$ 100,000
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign105
  • 4 Bed
  • 2 Bath
  • 1797 sft
19285 E Forteen Mile Rd, Clinton Township, MI, 48035
Property at 24540 Wagner Ave, Warren, MI
Listed for sale 3 days ago
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign133
  • 3 Bed
  • 1 Bath
  • 1110 sft
24540 Wagner Ave, Warren, MI, 48089
Property at 1233 Concord St, Detroit, MI
Fix & Flip
Listed for sale 3 days ago
$ 100,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign101
  • 5 Bed
  • 3 Bath
  • 2061 sft
1233 Concord St, Detroit, MI, 48207
Property at 2375 Tamarack St, Lake Odessa, MI
Fix & Flip
Listed for sale 6 days ago
$ 100,000
ROI
24.0ROI percentage
Cash Flow/m
Dollar sign117
  • 2 Bed
  • 1 Bath
  • 1112 sft
2375 Tamarack St, Lake Odessa, MI, 48849
Property at 19039 Deering St, Livonia, MI
Listed for sale 6 days ago
$ 100,000
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign105
  • 3 Bed
  • 2 Bath
  • 1232 sft
19039 Deering St, Livonia, MI, 48152
Property at 380 Hemlock St, Republic, MI
Airbnb Potential
Listed for sale 6 days ago
$ 100,000
ROI
24.9ROI percentage
Cash Flow/m
Dollar sign142
  • 3 Bed
  • 2 Bath
  • 1850 sft
380 Hemlock St, Republic, MI, 49879
Property at 164 Deming Rd, Shelby, MI
Fix & Flip
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign131
  • 2 Bed
  • 1 Bath
  • 1143 sft
164 Deming Rd, Shelby, MI, 49455
Property at 5175 Mancelona Rd, Mancelona, MI
Fix & Flip
$ 100,000
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign104
  • 2 Bed
  • 1 Bath
  • 924 sft
5175 Mancelona Rd, Mancelona, MI, 49659
Property at 450 Minerva St, Eaton Rapids, MI
$ 100,000
ROI
24.4ROI percentage
Cash Flow/m
Dollar sign129
  • 2 Bed
  • 2 Bath
  • 1252 sft
450 Minerva St, Eaton Rapids, MI, 48827
Property at 26809 Dartmouth St, Inkster, MI
$ 100,000
ROI
24.7ROI percentage
Cash Flow/m
Dollar sign138
  • 2 Bed
  • 1 Bath
  • 1020 sft
26809 Dartmouth St, Inkster, MI, 48141
Property at 13813 Shamrock Ln NE, Cedar Springs, MI
$ 100,000
ROI
(3.1)ROI percentage
Gross Rent Yield
9.6Gross yield percentage
  • 3 Bed
  • 2 Bath
  • 1275 sft
13813 Shamrock Ln NE, Cedar Springs, MI, 49319
Property at 1709 S Pennsylvania Ave, Lansing, MI
$ 100,000
ROI
24.0ROI percentage
Cash Flow/m
Dollar sign117
  • 2 Bed
  • 1 Bath
  • 960 sft
1709 S Pennsylvania Ave, Lansing, MI, 48910
Property at 121 Sandpiper Ave, Houghton Lake, MI
Airbnb Potential
$ 100,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign103
  • 2 Bed
  • 1 Bath
  • 704 sft
121 Sandpiper Ave, Houghton Lake, MI, 48629
Property at 111 E 6th St, Pinconning, MI
$ 100,000
ROI
23.2ROI percentage
Cash Flow/m
Dollar sign96
  • 2 Bed
  • 1 Bath
  • 672 sft
111 E 6th St, Pinconning, MI, 48650
Property at 1201 W Moore Rd, Grant, MI
$ 100,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign92
  • 1 Bed
  • 1 Bath
  • 700 sft
1201 W Moore Rd, Grant, MI, 49327
Property at 2988 Sharp Rd, Adrian, MI
$ 100,000
ROI
23.7ROI percentage
Cash Flow/m
Dollar sign111
  • 2 Bed
  • 1 Bath
  • 937 sft
2988 Sharp Rd, Adrian, MI, 49221
Property at 8890 Zion Rd, Rives Junction, MI
$ 100,000
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign125
  • 3 Bed
  • 2 Bath
  • 1520 sft
8890 Zion Rd, Rives Junction, MI, 49277
Property at 15 4th St, Plainwell, MI
Fix & Flip
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign133
  • 3 Bed
  • 1 Bath
  • 966 sft
15 4th St, Plainwell, MI, 49080
Property at 440 Mill St, Constantine, MI
$ 100,000
ROI
24.5ROI percentage
Cash Flow/m
Dollar sign133
  • 3 Bed
  • 1 Bath
  • 2120 sft
440 Mill St, Constantine, MI, 49042
Property at 124 W Pine St, Cadillac, MI
Fix & Flip
$ 100,000
ROI
32.1ROI percentage
Cash Flow/m
Dollar sign343
  • 5 Bed
  • 3 Bath
  • 1810 sft
124 W Pine St, Cadillac, MI, 49601
Property at 157 Harrison St, Manistee, MI
$ 100,000
ROI
24.3ROI percentage
Cash Flow/m
Dollar sign128
  • 3 Bed
  • 2 Bath
  • 1600 sft
157 Harrison St, Manistee, MI, 49660
Property at 519 W Main St, Hartford, MI
Motivated Seller
$ 100,000
ROI
24.6ROI percentage
Cash Flow/m
Dollar sign135
  • 3 Bed
  • 1 Bath
  • 1048 sft
519 W Main St, Hartford, MI, 49057
Property at 8312 W Burdock Ave, Baldwin, MI
$ 100,000
ROI
24.2ROI percentage
Cash Flow/m
Dollar sign125
  • 1 Bed
  • 1 Bath
  • 600 sft
8312 W Burdock Ave, Baldwin, MI, 49304

Why Invest in Alpena, Michigan?

Investing in multi-family properties in Alpena, MI presents a strategic opportunity for stable cash flow and moderate appreciation. The local rental market benefits from a cap rate averaging around 7%, with rental yields close to 9%. Alpena's economy is supported by steady employment growth and a relatively affordable housing supply. Investors gain exposure to nearly 90% renter occupancy, enhancing income predictability in this Michigan community.

8.5%
Avg. ROI
9%
Rental Yield
7%
Cap Rate
$550/mo
Avg. Cash Flow
$850/mo
Avg. Rent
2%
1Y Appreciation

Frequently Asked Questions

The average cap rate for multi-family properties in Alpena is approximately 7%, providing a reasonable return for investors in this market.

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