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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Manistee, MI
$ 218,500
ROI
24.5
Cash Flow/m
286- 3 Bed
- 3 Bath
- 1606 sft
257 2nd Ave, Manistee, MI, 49660
$ 205,000
ROI
29.2Cash Flow/m
537- 3 Bed
- 2 Bath
- - sft
264 6th Ave, Manistee, MI, 49660
Currently Rented
Rental Income
$ 205,000
ROI
29.2Cash Flow/m
539- 3 Bed
- 2 Bath
- - sft
75 Filer St, Manistee, MI, 49660
$ 174,900
ROI
25.1Cash Flow/m
261- 3 Bed
- 2 Bath
- - sft
221 5th St, Manistee, MI, 49660
Why Invest in Manistee, Michigan?
Investing in multi-family properties in Manistee, MI offers a unique opportunity in a growing small city. The average cash flow is attractive given the competitive avgROI and cap rates ranging from 6% to 8%. With rental yields near 7% and a solid renter occupancy rate, multi-family investments here are supported by stable appreciation trends. The local economy includes key employers that drive job growth and support sustained rental demand. This area is ideal for investors looking for moderate entry costs and consistent income streams.
7.2%
Avg. ROI
6.8%
Rental Yield
7.1%
Cap Rate
$850/mo
Avg. Cash Flow
$950/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield for multi-family properties in Manistee is about 6.8%, providing solid returns compared to housing costs.
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