Browse All Saugatuck MI Multi-Family Properties for Sale

An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of charm, updates, and short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, two stunning full bathrooms, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of historic charm, modern updates, and extraordinary short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a proven and highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending timeless craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, stunning full bathroom, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms and a large loft area currently utilized as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property - the perfect retreat after a day in town or at the lake. The lower level includes an additional family room, laundry area with shower, and two oversized storage rooms, providing ample space for owners and guests alike. The renovated carriage house has been thoughtfully transformed into two separate rental units. The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a beautifully finished full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests, making it ideal for extended stays or premium STR income. Outside, a fully equipped storage shed is stocked with amenities and essentials for guests, further enhancing the property's turnkey appeal. Whether you're seeking a high-performing investment property, a personal getaway with income potential, or a one-of-a-kind Saugatuck compound, this property delivers unmatched versatility, location, and earning potential.

722 Lake Street, Saugatuck

$549,000

26020348 MLS ⋅ ACTIVE Status

Excellent investment opportunity. Duplex very close to Downtown Saugatuck and Kalamazoo River access. Priced well below assesed value. Each unit is currently rented, month to month but it would make an excellent short term rental property. Or, live in one side and rent the other to help pay expenses. Excellent mortgage options available. Each unit has 2 bedrooms and 1 full bath including appliances plus each unit has it's own garage space. Sale also includes a stick built 40 x 40 storage building 14' high ceiling and 13' garage door. Photos were taken prior to tenants occupying the space. Each of the two units are nearly identical. Seller is a licensed Michigan real estate agent. Zoning would allow for additional storage units to be built.

6445 Old Allegan Road, Saugatuck

$625,000

26012799 MLS ⋅ ACTIVE Status

Welcome! In sought-after Saugatuck Twp--just a short walk downtown --this exceptional two-unit offers prime location without the city's short-term rental restrictions. Recently remodeled in 2024 with new flooring, fresh paint and more, this is a rare gem. Unit 1: 1 bedroom, 1 bath with attached garage Unit 2: 2 bedrooms, 1 bath. Both have STR license and bring in approximately $90K/yr in short-term rental income. Looking to house hack? Live in one unit while renting out the other to offset your mortgage--or rent both and maximize cash flow. Adding private hot tubs could increase annual income by an estimated $20,000. Whether you're an investor or looking to reduce housing costs, this property is your opportunity to own in a thriving vacation market. Ask us how to make 707 N Maple yours today!

707 N Maple Street, Saugatuck

$1,200,000

25016694 MLS ⋅ SOLD Status

You got it—here's the updated version with the new roofs included, keeping it tight and investor-focused: --- **Turnkey 4-Unit Short-Term Rental Property in Prime Saugatuck Location** Rare opportunity to own *four* income-producing units just minutes from downtown Saugatuck and Douglas. This property includes two well-maintained duplexes—each housing two separate 2-bedroom, 1-bath cabins, fully outfitted and ready to rent. All four units are stylishly furnished and equipped with full kitchens, private front and back decks, patio seating, and a private **hot tub for each unit**—a standout amenity that keeps guests booking year-round. Recent upgrades include **new roofs** on both buildings, giving investors peace of mind and minimizing near-term capital expenses. Proven money makers with strong rental history and rave reviews, this is a true turnkey investment with systems already in place. Guests love the peaceful wooded setting that still offers quick access to restaurants, shops, beaches, and the riverfront charm of Saugatuck and Douglas. Whether you're looking to expand your portfolio or break into the short-term rental market with a strong performer, this property delivers on location, layout, and ROI.

713 N Maple Street, Saugatuck

$385,000

24001814 MLS ⋅ SOLD Status

Investment properties like this don't come on the market often. 2 units with walking distance to downtown Saugatuck, First unit is one bed, one bath with garage.Second unit is 2 bed, 1 bath. Both have long term renters.Photos are of 2 bed unit. This won't last

707 N Maple Street, Saugatuck

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