Real Estate Investment Properties for Sale in Ely, MN

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

Explore a variety of short-term homes & houses in Ely, MN. Invest wisely with VRBO & Ely, 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 Ely, MN

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2641 Priests Point Road Ely, MN Looking for that perfect slice of Ely lake life? This 4-bedroom, 3-bath home on Bear Islan...	4 beds \| 3 baths \| 2,900 sq.ft.	$425,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 6.21% Airbnb Rental Income: $2096 Traditional Rental Income: $3649 Airbnb ROI: 0.96% Traditional ROI: 6.21%
2713 Burntside Lake NE Ely, MN Secluded Estate On Coveted Burntside Lake Offers Ultimate Privacy In Sheltered Bay, Epic V...	3 beds \| 3 baths \| 3,710 sq.ft.	$1,985,500	Airbnb cash on cash: -1.36% Traditional cash on cash: -0.31% Airbnb Rental Income: $1301 Traditional Rental Income: $2821 Airbnb ROI: -1.36% Traditional ROI: -0.31%
1787 N Bay Road Ely, MN Year round home on Birch Lake. Experience the perfect blend of comfort, style, and Northwo...	3 beds \| 2 baths \| 1,872 sq.ft.	$700,000	Airbnb cash on cash: -0.88% Traditional cash on cash: 1.9% Airbnb Rental Income: $1301 Traditional Rental Income: $2714 Airbnb ROI: -0.88% Traditional ROI: 1.9%
615 E WILSON ST Ely, MN Invest with success and buy through Auction.com. This bank-owned investment property is a ...	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.53% Airbnb Rental Income: $null Traditional Rental Income: $1660 Airbnb ROI: N/A Traditional ROI: 4.53%
304 E James St Ely, MN Step inside this delightful 3 bedroom, 2 bathroom home on desirable James St in the heart ...	3 beds \| 2 baths \| 1,492 sq.ft.	$230,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 8.24% Airbnb Rental Income: $1301 Traditional Rental Income: $2378 Airbnb ROI: 1.42% Traditional ROI: 8.24%
3297 Burntside Lake Lake NW Ely, MN Burntside Lake Handscribed Log Home In Private Bay At End Of Pristine Granite Fiord. Set o...	1 beds \| 1 baths \| 800 sq.ft.	$685,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 0.98% Airbnb Rental Income: $1250 Traditional Rental Income: $1814 Airbnb ROI: -0.53% Traditional ROI: 0.98%
3297 NW Burntside Lake Ely, MN Burntside Lake Handscribed Log Home In Private Bay At End Of Pristine Granite Fiord. Set o...	1 beds \| 1 baths \| 800 sq.ft.	$685,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 0.62% Airbnb Rental Income: $1250 Traditional Rental Income: $1841 Airbnb ROI: -0.92% Traditional ROI: 0.62%
2050 Shipman Island Ely, MN Ely's own Shagawa Lake Shipman Island Cabin, all to yourself! You will find it tucked unde...	2 beds \| N/A baths \| 560 sq.ft.	$329,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 2.77% Airbnb Rental Income: $1145 Traditional Rental Income: $1358 Airbnb ROI: 0.85% Traditional ROI: 2.77%
1804 N Bay Road Ely, MN Nestled approximately 12 miles south of Ely, this 2BR/3BA Birch Lake home sits on a 2.6-ac...	2 beds \| 3 baths \| 2,920 sq.ft.	$649,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 3.13% Airbnb Rental Income: $1145 Traditional Rental Income: $3104 Airbnb ROI: -0.73% Traditional ROI: 3.13%
324 S 4th Ave E Ely, MN Incredible investment opportunity by unlocking this historic 2.75 story home's potential! ...	4 beds \| 3 baths \| 2,640 sq.ft.	$149,200	Airbnb cash on cash: 7.42% Traditional cash on cash: 9.37% Airbnb Rental Income: $2096 Traditional Rental Income: $1837 Airbnb ROI: 7.42% Traditional ROI: 9.37%
3547 Norway Lane Ely, MN Step into the warmth of this stunning log home, perfectly designed for those seeking a pea...	3 beds \| 1 baths \| 1,400 sq.ft.	$429,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.49% Airbnb Rental Income: $1301 Traditional Rental Income: $2232 Airbnb ROI: 0.16% Traditional ROI: 3.49%
12957 W Ridge Rd Ely, MN Exquisite Year-Round Log Home Retreat on 4 wooded acres. This beautifully maintained log h...	4 beds \| 3 baths \| 2,026 sq.ft.	$599,999	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.46% Airbnb Rental Income: $2096 Traditional Rental Income: $2857 Airbnb ROI: 1.15% Traditional ROI: 3.46%
4996 Big Lake Rd Ely, MN Big Lake Wilderness Retreat CIC. . Investment opportunity. This 2 bedroom, 1 bath cabin fe...	2 beds \| 1 baths \| 400 sq.ft.	$222,500	Airbnb cash on cash: 1.72% Traditional cash on cash: 4.93% Airbnb Rental Income: $1145 Traditional Rental Income: $1442 Airbnb ROI: 1.72% Traditional ROI: 4.93%
4994 Big Lake Rd Ely, MN Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. This 2 bedroo...	2 beds \| 1 baths \| 400 sq.ft.	$200,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 5.57% Airbnb Rental Income: $1145 Traditional Rental Income: $1442 Airbnb ROI: 2.01% Traditional ROI: 5.57%
1663 Saari Rd Ely, MN White Iron Lake, Ely, Minnesota - Custom built 5200 sq. ft. home with 320 feet of level la...	4 beds \| 4 baths \| 5,016 sq.ft.	$1,250,000	Airbnb cash on cash: -0.2% Traditional cash on cash: 2.33% Airbnb Rental Income: $2096 Traditional Rental Income: $4504 Airbnb ROI: -0.2% Traditional ROI: 2.33%
1530 N 20th Avenue E Ely, MN Rustic Charm Meets Opportunity on 10 (yes, ten!) City Lots Explore this rare find nestled...	3 beds \| 1 baths \| 1,373 sq.ft.	$170,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 10.72% Airbnb Rental Income: $1301 Traditional Rental Income: $2002 Airbnb ROI: 3.89% Traditional ROI: 10.72%
1280 S White Iron Rd Ely, MN White Iron Lake Custom Built Home - This beautiful 4 bedroom home is just minutes away fro...	4 beds \| 3 baths \| 2,259 sq.ft.	$798,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.05% Airbnb Rental Income: $2096 Traditional Rental Income: $3459 Airbnb ROI: 0.49% Traditional ROI: 3.05%
2734 Bear Island River Rd Ely, MN Stop the scroll-this is the lake place you've been waiting for! With 266 feet of prime sho...	2 beds \| 2 baths \| 1,172 sq.ft.	$599,000	Airbnb cash on cash: -0.59% Traditional cash on cash: 1.91% Airbnb Rental Income: $1145 Traditional Rental Income: $2159 Airbnb ROI: -0.59% Traditional ROI: 1.91%
954 E Camp St Ely, MN Check out this spacious 3+ bedroom, 2-bath home just minutes from downtown Ely. With a gen...	4 beds \| 2 baths \| 1,450 sq.ft.	$179,900	Airbnb cash on cash: 6.45% Traditional cash on cash: 11.59% Airbnb Rental Income: $2096 Traditional Rental Income: $2437 Airbnb ROI: 6.45% Traditional ROI: 11.59%
230 W Camp St Ely, MN This charming 3bedroom, 2 bath home in Ely offers comfortable living with a relaxed Northw...	3 beds \| 2 baths \| 1,250 sq.ft.	$128,999	Airbnb cash on cash: 4.23% Traditional cash on cash: 11.4% Airbnb Rental Income: $1301 Traditional Rental Income: $1785 Airbnb ROI: 4.23% Traditional ROI: 11.4%
14649 Canadian Border Rd Ely, MN Moose Lake property with +-350' of shoreline and +-3 acres of wooded forest around a 3 bed...	3 beds \| 2 baths \| 2,000 sq.ft.	$569,900	Airbnb cash on cash: -0.33% Traditional cash on cash: 3.55% Airbnb Rental Income: $1301 Traditional Rental Income: $2960 Airbnb ROI: -0.33% Traditional ROI: 3.55%
13699 Mill Road Ely, MN First time on the market! Experience Northwoods living in this stunning, turnkey furnished...	2 beds \| 3 baths \| 3,830 sq.ft.	$1,300,000	Airbnb cash on cash: -0.97% Traditional cash on cash: 0.87% Airbnb Rental Income: $1145 Traditional Rental Income: $2981 Airbnb ROI: -0.97% Traditional ROI: 0.87%
277 N 5th Ave E Ely, MN Charming home close to ALL the things Ely has to offer. This warm and welcoming 2-bedroom,...	2 beds \| 1 baths \| 1,280 sq.ft.	$146,500	Airbnb cash on cash: 3.45% Traditional cash on cash: 9.76% Airbnb Rental Income: $1145 Traditional Rental Income: $1651 Airbnb ROI: 3.45% Traditional ROI: 9.76%
1896 Echo Trl Ely, MN This 2 bedroom home with one full bathroom is located 5 miles up the Echo Trail from Ely. ...	2 beds \| 1 baths \| 1,160 sq.ft.	$369,500	Airbnb cash on cash: 0.44% Traditional cash on cash: 3% Airbnb Rental Income: $1145 Traditional Rental Income: $1655 Airbnb ROI: 0.44% Traditional ROI: 3%
37 E Boundary Ely, MN Cozy two + bedroom, two-bath home with an oversized one-car garage, conveniently located i...	2 beds \| 2 baths \| 1,144 sq.ft.	$203,900	Airbnb cash on cash: 1.86% Traditional cash on cash: 7.93% Airbnb Rental Income: $1145 Traditional Rental Income: $1939 Airbnb ROI: 1.86% Traditional ROI: 7.93%
304 E James St Bypass Ely, MN Step inside this delightful 3 bedroom, 2 bathroom home on desirable James St in the heart ...	3 beds \| 2 baths \| 1,492 sq.ft.	$230,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 8.27% Airbnb Rental Income: $1301 Traditional Rental Income: $2385 Airbnb ROI: 1.42% Traditional ROI: 8.27%
1717 Pine Street Road Ely, MN One Pine Lake - Well-Cared-For Lake Home with Outbuildings. This well-maintained lake home...	1 beds \| 2 baths \| 3,204 sq.ft.	$445,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 3.66% Airbnb Rental Income: $1250 Traditional Rental Income: $2236 Airbnb ROI: 0.34% Traditional ROI: 3.66%
1152 Fernberg Rd Ely, MN If you've been dreaming about slipping away to a place where the only noise is the wind in...	1 beds \| 1 baths \| 516 sq.ft.	$149,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 8.76% Airbnb Rental Income: $1250 Traditional Rental Income: $1642 Airbnb ROI: 3.23% Traditional ROI: 8.76%

Real Estate investment in Ely, MN

There are 29 properties for sale in the city of Ely . The median list price in Ely is $215,889 and the average price per square foot is $116. In June 2026, the average monthly cash on cash return in Ely is 5.00%. The average monthly rental income in Ely is $1,783.

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

There are 29 investment properties available for sale in Ely.

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

The ROI for Long-Term is higher than the Short-Term in Ely with average rental income of $1,783.

Your search for investment property begins and ends here

Investment Property for Sale in Ely, MN

2641 Priests Point Road

Ely, MN

4 beds | 3 baths | 2,900 sq.ft.

$425,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 6.21%

Airbnb Rental Income: $2096

Traditional Rental Income: $3649

Airbnb ROI: 0.96%

Traditional ROI: 6.21%

2713 Burntside Lake NE

Ely, MN

3 beds | 3 baths | 3,710 sq.ft.

$1,985,500

Airbnb cash on cash: -1.36%

Traditional cash on cash: -0.31%

Airbnb Rental Income: $1301

Traditional Rental Income: $2821

Airbnb ROI: -1.36%

Traditional ROI: -0.31%

1787 N Bay Road

Ely, MN

3 beds | 2 baths | 1,872 sq.ft.

$700,000

Airbnb cash on cash: -0.88%

Traditional cash on cash: 1.9%

Airbnb Rental Income: $1301

Traditional Rental Income: $2714

Airbnb ROI: -0.88%

Traditional ROI: 1.9%

615 E WILSON ST

Ely, MN

N/A beds | N/A baths | N/A

$250,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.53%

Airbnb Rental Income: $null

Traditional Rental Income: $1660

Airbnb ROI: N/A

Traditional ROI: 4.53%

304 E James St

Ely, MN

3 beds | 2 baths | 1,492 sq.ft.

$230,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 8.24%

Airbnb Rental Income: $1301

Traditional Rental Income: $2378

Airbnb ROI: 1.42%

Traditional ROI: 8.24%

3297 Burntside Lake Lake NW

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$685,000

Airbnb cash on cash: -0.53%

Traditional cash on cash: 0.98%

Airbnb Rental Income: $1250

Traditional Rental Income: $1814

Airbnb ROI: -0.53%

Traditional ROI: 0.98%

3297 NW Burntside Lake

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$685,000

Airbnb cash on cash: -0.92%

Traditional cash on cash: 0.62%

Airbnb Rental Income: $1250

Traditional Rental Income: $1841

Airbnb ROI: -0.92%

Traditional ROI: 0.62%

2050 Shipman Island

Ely, MN

2 beds | N/A baths | 560 sq.ft.

$329,000

Airbnb cash on cash: 0.85%

Traditional cash on cash: 2.77%

Airbnb Rental Income: $1145

Traditional Rental Income: $1358

Airbnb ROI: 0.85%