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Grayling, MI Multifamily Homes & Duplexes for Sale

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  • 1205 E Michigan Ave, Grayling, MI 49738
    1205 E Michigan Ave, Grayling, MI 49738
    1205 E Michigan Ave, Grayling, MI 49738
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    $249,900

    • 2,240 Sq Ft

    1205 E Michigan Ave, Grayling, MI 49738

    Fantastic Investment Opportunity! This duplex, located directly across the street from Munson Hospital in Grayling, offers instant income with one side currently rented. Live in one unit and rent the other, or lease both for maximum return. Unit A features 1 bedroom, 1 bathroom, and an open living, dining, and kitchen layout. Currently rented for $850/month. Unit B offers 2 bedrooms, 1 bathroom,

    Michelle Millikin Homewaters, L.L.C. Grayling

    1205 E Michigan Ave, Grayling, MI 49738
  • 4869 N Brighton Cir, Grayling, MI 49738
    4869 N Brighton Cir, Grayling, MI 49738
    /2

    $995,000

    4869 N Brighton Cir, Grayling, MI 49738

    Value Add Opportunity!!! Licensed for 49 Lots with its own private utilities, this park is open for homeowners as well as RV sites. 9 lots currently occupied by long standing tenants, with 40 available. Popular area for vacationers/campers with nearby Hiking, close to Hartwick State Park and Au Sable River! Also neighboring military base with an expectance of 150,000 troops. With the approved

    Andrea Gotcher Resource Realty Group

    4869 N Brighton Cir, Grayling, MI 49738
  • 610 Spruce St, Grayling, MI 49738
    610 Spruce St, Grayling, MI 49738
    610 Spruce St, Grayling, MI 49738
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    $167,000

    • 920 Sq Ft

    610 Spruce St, Grayling, MI 49738

    Long terms tenants looking to stay. Duplex has two 1 bedroom/1 bath units with laundry hookups in each.Individual electric meters for each unit. Both electric and gas heat options in each unit. Unit A had bathroom remodel early 2025. Unit B was freshly painted and new flooring throughout in 2024.Detached 2c garage is divided equally so each unit has a bay for storage.Existing tenants

    Laurie Jamison Northern Homes Realty

    610 Spruce St, Grayling, MI 49738
Michigan Crawford County Grayling

Multi-Family Homes & Duplexes for Sale in Grayling, MI

Why Live in Grayling

Grayling is on the banks of the Au Sable River, encircled by forests with trails, making it a gateway to diverse recreation in Northern Michigan. The city supports a vibrant community with a hospital, state college and an energetic downtown. Camp ...

Learn more about living in Grayling

Home Trends in Grayling, MI

On average, homes in Grayling, MI sell after 36 days on the market compared to the national average of 54 days. The median sale price for homes in Grayling, MI over the last 12 months is $200,500, up 20% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$200,500
Median Single Family Sale Price
$205,000
Average Price Per Sq Ft
$192
Number of Homes for Sale
7
Last 12 months Home Sales
93
Months of Supply
0.90
Median List Price
$212,450
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
20%
How to Buy a Home How to Finance a Home How to Sell a Home

In Grayling, there are currently 3 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $167,000 to $995,000, there's a range to accomodate every budget. As of March, 2026 the median home price in Grayling is $212,450, while the average sale price is $275,348, offering insights into the local housing market. On average, multi-family homes spend 36 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Grayling, MI.

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