Real Estate Investment Properties for Sale in Deerwood, MN

Looking for investment property in Deerwood, MN with high ROI ?

Explore a variety of short-term homes & houses in Deerwood, MN. Invest wisely with VRBO & Deerwood, MN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Deerwood, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
26540 Tame Fish Lake Rd Deerwood, MN This one of a kind, 3 bed, 2 bath home is full of charm and character! You will love the s...	4 beds \| 2 baths \| 1,696 sq.ft.	$495,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.38% Airbnb Rental Income: $1140 Traditional Rental Income: $2686 Airbnb ROI: 0.22% Traditional ROI: 4.38%
22835 Osprey Road Deerwood, MN What a great opportunity!! Turnkey cabin with short-term rental history. "Crooked Lake Ca...	2 beds \| 1 baths \| 800 sq.ft.	$325,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 1.75% Airbnb Rental Income: $1220 Traditional Rental Income: $1164 Airbnb ROI: 0.65% Traditional ROI: 1.75%
13496 Wilson Lake Dr Deerwood, MN This log home is the ultimate in up north lake homes. This 3 bedroom, 2 bath, log home sit...	3 beds \| 2 baths \| 3,304 sq.ft.	$710,000	Airbnb cash on cash: -0.39% Traditional cash on cash: 2.51% Airbnb Rental Income: $1008 Traditional Rental Income: $2569 Airbnb ROI: -0.39% Traditional ROI: 2.51%
21446 Beach Rd Deerwood, MN MUST SEE! Rare Serpent Lake property with extraordinary panoramic views! The slight elev...	3 beds \| 2 baths \| 2,720 sq.ft.	$1,150,000	Airbnb cash on cash: -0.81% Traditional cash on cash: 1.31% Airbnb Rental Income: $1008 Traditional Rental Income: $2922 Airbnb ROI: -0.81% Traditional ROI: 1.31%
21414 Beach Road Deerwood, MN Welcome to your dream lake place on highly desirable Serpent Lake! This beautifully mainta...	3 beds \| 2 baths \| 2,500 sq.ft.	$855,000	Airbnb cash on cash: -0.72% Traditional cash on cash: 2.29% Airbnb Rental Income: $1008 Traditional Rental Income: $3049 Airbnb ROI: -0.72% Traditional ROI: 2.29%
23319 Maple Shores Road Deerwood, MN Donât miss this first time offering on rarely available Agate Lake! This custom-built ho...	4 beds \| 4 baths \| 3,328 sq.ft.	$839,900	Airbnb cash on cash: -0.6% Traditional cash on cash: 3.86% Airbnb Rental Income: $1140 Traditional Rental Income: $4254 Airbnb ROI: -0.6% Traditional ROI: 3.86%
19055 Nokay Lake Road Deerwood, MN Preferred Earnest Money: Trust Funds or Check made out to KW Realty Professionals. Please...	5 beds \| 3 baths \| 2,704 sq.ft.	$375,000	Airbnb cash on cash: -1.18% Traditional cash on cash: 6.96% Airbnb Rental Income: $731 Traditional Rental Income: $3284 Airbnb ROI: -1.18% Traditional ROI: 6.96%
17251 State Hwy 6 Deerwood, MN 17251 State Hwy 6, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 1 baths \| 988 sq.ft.	$398,000	Airbnb cash on cash: -0.14% Traditional cash on cash: 1.02% Airbnb Rental Income: $1220 Traditional Rental Income: $1259 Airbnb ROI: -0.14% Traditional ROI: 1.02%
25124 Tame Fish Lake Rd #550 Deerwood, MN 25124 Tame Fish Lake Rd #550, Deerwood, MN 56444 \| Townhouse	3 beds \| 2 baths \| 1,000 sq.ft.	$220,000	Airbnb cash on cash: -1.48% Traditional cash on cash: 3.73% Airbnb Rental Income: $1008 Traditional Rental Income: $1737 Airbnb ROI: -1.48% Traditional ROI: 3.73%
TBD 3.19 Acres State 210 Hwy Deerwood, MN TBD 3.19 Acres State 210 Hwy, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$109,900	Airbnb cash on cash: 3.69% Traditional cash on cash: 4.32% Airbnb Rental Income: $1078 Traditional Rental Income: $776 Airbnb ROI: 3.69% Traditional ROI: 4.32%
14755 Maple Lake Dr Deerwood, MN 14755 Maple Lake Dr, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 1 baths \| 1,106 sq.ft.	$325,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.27% Airbnb Rental Income: $1220 Traditional Rental Income: $1737 Airbnb ROI: 0.3% Traditional ROI: 3.27%
24191 Deerwood Ln Deerwood, MN 24191 Deerwood Ln, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 2 baths \| 3,041 sq.ft.	$489,900	Airbnb cash on cash: -0.65% Traditional cash on cash: 3.45% Airbnb Rental Income: $1140 Traditional Rental Income: $2642 Airbnb ROI: -0.65% Traditional ROI: 3.45%
14770 Katrine Dr Deerwood, MN 14770 Katrine Dr, Deerwood, MN 56444 \| Single Family Residential	2 beds \| 1 baths \| 630 sq.ft.	$250,000	Airbnb cash on cash: 0.06% Traditional cash on cash: 1.58% Airbnb Rental Income: $1220 Traditional Rental Income: $1186 Airbnb ROI: 0.06% Traditional ROI: 1.58%
17508 Ruttger Way Deerwood, MN 17508 Ruttger Way, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 4 baths \| 3,312 sq.ft.	$899,900	Airbnb cash on cash: -1.8% Traditional cash on cash: 1.6% Airbnb Rental Income: $1140 Traditional Rental Income: $3603 Airbnb ROI: -1.8% Traditional ROI: 1.6%
24504 State Highway 18 Deerwood, MN	N/A beds \| N/A baths \| N/A	$339,900	Airbnb cash on cash: -0.18% Traditional cash on cash: 0.31% Airbnb Rental Income: $1078 Traditional Rental Income: $866 Airbnb ROI: -0.18% Traditional ROI: 0.31%
15572 Eaglewood Dr Deerwood, MN 15572 Eaglewood Dr, Deerwood, MN 56444 \| Single Family Residential	3 beds \| 2 baths \| 1,656 sq.ft.	$1,675,000	Airbnb cash on cash: -1.75% Traditional cash on cash: -0.72% Airbnb Rental Income: $1008 Traditional Rental Income: $2263 Airbnb ROI: -1.75% Traditional ROI: -0.72%
24357 Kennedy Dr Deerwood, MN 24357 Kennedy Dr, Deerwood, MN 56444 \| Single Family Residential	4 beds \| 2 baths \| 5,636 sq.ft.	$1,595,000	Airbnb cash on cash: -1.66% Traditional cash on cash: -0.41% Airbnb Rental Income: $1140 Traditional Rental Income: $2614 Airbnb ROI: -1.66% Traditional ROI: -0.41%
TBD Tract B Swanson Rd Deerwood, MN TBD Tract B Swanson Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.18% Airbnb Rental Income: $1078 Traditional Rental Income: $866 Airbnb ROI: 1.31% Traditional ROI: 2.18%
TBD Tract A Swanson Rd Deerwood, MN TBD Tract A Swanson Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.18% Airbnb Rental Income: $1078 Traditional Rental Income: $866 Airbnb ROI: 1.31% Traditional ROI: 2.18%
27290 Town Line Lake Rd Deerwood, MN 27290 Town Line Lake Rd, Deerwood, MN 56444 \| Other	N/A beds \| N/A baths \| N/A	$595,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.7% Airbnb Rental Income: $1078 Traditional Rental Income: $879 Airbnb ROI: -1% Traditional ROI: -0.7%

Real Estate investment in Deerwood, MN

There are 24 properties for sale in the city of Deerwood . The median list price in Deerwood is $359,900 and the average price per square foot is $174. In May 2026, the average monthly cash on cash return in Deerwood is 2.00%. The average monthly rental income in Deerwood is $1,994.

Deerwood, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 24 investment properties available for sale in Deerwood.

In 2026, the best neighborhood to buy investment property is Deerwood.

The ROI for Short-Term is higher than the Long-Term in Deerwood with average rental income of $1,078.

Your search for investment property begins and ends here

Investment Property for Sale in Deerwood, MN

26540 Tame Fish Lake Rd

Deerwood, MN

4 beds | 2 baths | 1,696 sq.ft.

$495,000

Airbnb cash on cash: 0.22%

Traditional cash on cash: 4.38%

Airbnb Rental Income: $1140

Traditional Rental Income: $2686

Airbnb ROI: 0.22%

Traditional ROI: 4.38%

22835 Osprey Road

Deerwood, MN

2 beds | 1 baths | 800 sq.ft.

$325,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1220

Traditional Rental Income: $1164

Airbnb ROI: 0.65%

Traditional ROI: 1.75%

13496 Wilson Lake Dr

Deerwood, MN

3 beds | 2 baths | 3,304 sq.ft.

$710,000

Airbnb cash on cash: -0.39%

Traditional cash on cash: 2.51%

Airbnb Rental Income: $1008

Traditional Rental Income: $2569

Airbnb ROI: -0.39%

Traditional ROI: 2.51%

21446 Beach Rd

Deerwood, MN

3 beds | 2 baths | 2,720 sq.ft.

$1,150,000

Airbnb cash on cash: -0.81%

Traditional cash on cash: 1.31%

Airbnb Rental Income: $1008

Traditional Rental Income: $2922

Airbnb ROI: -0.81%

Traditional ROI: 1.31%

21414 Beach Road

Deerwood, MN

3 beds | 2 baths | 2,500 sq.ft.

$855,000

Airbnb cash on cash: -0.72%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $1008

Traditional Rental Income: $3049

Airbnb ROI: -0.72%

Traditional ROI: 2.29%

23319 Maple Shores Road

Deerwood, MN

4 beds | 4 baths | 3,328 sq.ft.

$839,900

Airbnb cash on cash: -0.6%

Traditional cash on cash: 3.86%

Airbnb Rental Income: $1140

Traditional Rental Income: $4254

Airbnb ROI: -0.6%

Traditional ROI: 3.86%

19055 Nokay Lake Road

Deerwood, MN

5 beds | 3 baths | 2,704 sq.ft.

$375,000

Airbnb cash on cash: -1.18%

Traditional cash on cash: 6.96%

Airbnb Rental Income: $731

Traditional Rental Income: $3284

Airbnb ROI: -1.18%

Traditional ROI: 6.96%

17251 State Hwy 6

Deerwood, MN

2 beds | 1 baths | 988 sq.ft.

$398,000

Airbnb cash on cash: -0.14%

Traditional cash on cash: 1.02%

Airbnb Rental Income: $1220

Traditional Rental Income: $1259

Airbnb ROI: -0.14%