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
1896 Echo Tr Ely, MN This 2 bedroom home with one full bathroom is located 5 miles up the Echo Trail from Ely. ...	2 beds \| 1 baths \| 1,280 sq.ft.	$349,900	Airbnb cash on cash: 1.06% Traditional cash on cash: 3.27% Airbnb Rental Income: $1350 Traditional Rental Income: $1660 Airbnb ROI: 1.06% Traditional ROI: 3.27%
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.	$360,000	Airbnb cash on cash: 1.14% Traditional cash on cash: 7.49% Airbnb Rental Income: $2030 Traditional Rental Income: $3649 Airbnb ROI: 1.14% Traditional ROI: 7.49%
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: -1.26% Traditional cash on cash: -0.31% Airbnb Rental Income: $1505 Traditional Rental Income: $2821 Airbnb ROI: -1.26% 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: -0.62% Traditional cash on cash: 1.9% Airbnb Rental Income: $1505 Traditional Rental Income: $2714 Airbnb ROI: -0.62% Traditional ROI: 1.9%
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.	$225,000	Airbnb cash on cash: 2.28% Traditional cash on cash: 8.44% Airbnb Rental Income: $1505 Traditional Rental Income: $2378 Airbnb ROI: 2.28% Traditional ROI: 8.44%
3297 Burntside 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.	$665,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.94% Airbnb Rental Income: $1527 Traditional Rental Income: $1841 Airbnb ROI: -0.28% Traditional ROI: 0.94%
13848 Queen's Bay Rd Ely, MN Garden Lake log cabin situated on 5 acres with 215 feet of level lakeshore. Full block bas...	2 beds \| N/A baths \| 400 sq.ft.	$310,000	Airbnb cash on cash: 0.78% Traditional cash on cash: 2.98% Airbnb Rental Income: $1350 Traditional Rental Income: $1576 Airbnb ROI: 0.78% Traditional ROI: 2.98%
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: -0.45% Traditional cash on cash: 3.13% Airbnb Rental Income: $1350 Traditional Rental Income: $3104 Airbnb ROI: -0.45% 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: 7.03% Traditional cash on cash: 9.37% Airbnb Rental Income: $2030 Traditional Rental Income: $1837 Airbnb ROI: 7.03% 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.	$424,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 3.54% Airbnb Rental Income: $1505 Traditional Rental Income: $2232 Airbnb ROI: 0.6% Traditional ROI: 3.54%
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.	$554,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 3.82% Airbnb Rental Income: $2030 Traditional Rental Income: $2857 Airbnb ROI: 1.21% Traditional ROI: 3.82%
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: 2.53% Traditional cash on cash: 4.93% Airbnb Rental Income: $1350 Traditional Rental Income: $1442 Airbnb ROI: 2.53% 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: 2.91% Traditional cash on cash: 5.57% Airbnb Rental Income: $1350 Traditional Rental Income: $1442 Airbnb ROI: 2.91% Traditional ROI: 5.57%
Waters Island Ely, MN There is no other property on iconic Burntside Lake like this one! Welcome to Aurora Water...	4 beds \| 4 baths \| 2,146 sq.ft.	$1,585,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.87% Airbnb Rental Income: $2030 Traditional Rental Income: $3699 Airbnb ROI: -0.62% Traditional ROI: 0.87%
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: -0.25% Traditional cash on cash: 2.33% Airbnb Rental Income: $2030 Traditional Rental Income: $4504 Airbnb ROI: -0.25% Traditional ROI: 2.33%
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: -0.28% Traditional cash on cash: 1.91% Airbnb Rental Income: $1350 Traditional Rental Income: $2159 Airbnb ROI: -0.28% Traditional ROI: 1.91%
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.	$123,999	Airbnb cash on cash: 5.85% Traditional cash on cash: 11.88% Airbnb Rental Income: $1505 Traditional Rental Income: $1785 Airbnb ROI: 5.85% Traditional ROI: 11.88%
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.	$544,900	Airbnb cash on cash: 0.03% Traditional cash on cash: 3.75% Airbnb Rental Income: $1505 Traditional Rental Income: $2960 Airbnb ROI: 0.03% Traditional ROI: 3.75%
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: 2.74% Traditional cash on cash: 7.93% Airbnb Rental Income: $1350 Traditional Rental Income: $1939 Airbnb ROI: 2.74% Traditional ROI: 7.93%
1717 Pine Street Road Ely, MN Sitting on almost two acres with 260 ft of lake shore on One Pine Lake - Well-Cared-For La...	1 beds \| 2 baths \| 3,204 sq.ft.	$445,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 3.66% Airbnb Rental Income: $1527 Traditional Rental Income: $2236 Airbnb ROI: 0.89% Traditional ROI: 3.66%
324 E White St Ely, MN Welcome home to this charming and recently updated traditional 2 story featuring 5 bedroom...	5 beds \| 2 baths \| 1,506 sq.ft.	$230,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 9.62% Airbnb Rental Income: $1805 Traditional Rental Income: $2574 Airbnb ROI: 3.84% Traditional ROI: 9.62%
1728 Maple St Ely, MN Tucked away in a peaceful wooded setting on 4.6 acres just minutes outside of Ely, this on...	1 beds \| 1 baths \| 800 sq.ft.	$340,000	Airbnb cash on cash: 1.91% Traditional cash on cash: 4.03% Airbnb Rental Income: $1527 Traditional Rental Income: $1759 Airbnb ROI: 1.91% Traditional ROI: 4.03%
14065 klos py road Ely, MN Beautiful log lake home with landscaped yard, dock, master bedroom with large his and hers...	3 beds \| 3 baths \| 2,565 sq.ft.	$828,000	Airbnb cash on cash: -0.35% Traditional cash on cash: 2.38% Airbnb Rental Income: $1505 Traditional Rental Income: $3171 Airbnb ROI: -0.35% Traditional ROI: 2.38%
444 Fernberg Rd #11 Ely, MN 4-Season Cabin on Garden Lake - White Iron Chain, Ely, MN This is a turnkey 4-season c...	4 beds \| 2 baths \| 2,330 sq.ft.	$595,900	Airbnb cash on cash: 1.15% Traditional cash on cash: 3.78% Airbnb Rental Income: $2030 Traditional Rental Income: $2967 Airbnb ROI: 1.15% Traditional ROI: 3.78%
228 E White St Ely, MN Small affordable one bedroom home with updates and remodel in 2002. Back then a new 22 x 2...	1 beds \| 1 baths \| 693 sq.ft.	$104,900	Airbnb cash on cash: 8.38% Traditional cash on cash: 9.89% Airbnb Rental Income: $1527 Traditional Rental Income: $1237 Airbnb ROI: 8.38% Traditional ROI: 9.89%
2763 Van Vac Rd Ely, MN Own a private piece of paradise w/ over 10 acres on Waters Island with a staggering 2,000 ...	3 beds \| 1 baths \| 1,122 sq.ft.	$1,490,000	Airbnb cash on cash: -1.41% Traditional cash on cash: -0.79% Airbnb Rental Income: $1505 Traditional Rental Income: $1929 Airbnb ROI: -1.41% Traditional ROI: -0.79%
121 E Pattison St Ely, MN Quaint 2 bedroom, 1 bath home is full of charm with its breakfast nook, arched doorways, c...	2 beds \| 1 baths \| 788 sq.ft.	$135,000	Airbnb cash on cash: 4.9% Traditional cash on cash: 8.67% Airbnb Rental Income: $1350 Traditional Rental Income: $1425 Airbnb ROI: 4.9% Traditional ROI: 8.67%
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.	$155,000	Airbnb cash on cash: 5.49% Traditional cash on cash: 11.81% Airbnb Rental Income: $1505 Traditional Rental Income: $2002 Airbnb ROI: 5.49% Traditional ROI: 11.81%
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: 4.84% Traditional cash on cash: 8.76% Airbnb Rental Income: $1527 Traditional Rental Income: $1642 Airbnb ROI: 4.84% Traditional ROI: 8.76%
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: -0.83% Traditional cash on cash: 0.87% Airbnb Rental Income: $1350 Traditional Rental Income: $2981 Airbnb ROI: -0.83% Traditional ROI: 0.87%
1505 E Harvey Ely, MN Welcome home! This three-bedroom, two-bath home sits on a nice corner lot and has a bright...	3 beds \| 2 baths \| 2,042 sq.ft.	$265,000	Airbnb cash on cash: 1.78% Traditional cash on cash: 7.99% Airbnb Rental Income: $1505 Traditional Rental Income: $2617 Airbnb ROI: 1.78% Traditional ROI: 7.99%

Real Estate investment in Ely, MN

There are 32 properties for sale in the city of Ely . The median list price in Ely is $217,870 and the average price per square foot is $116. In August 2026, the average monthly cash on cash return in Ely is 5.00%. The average monthly rental income in Ely is $1,814.

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

There are 32 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 $1,814.

Your search for investment property begins and ends here

Investment Property for Sale in Ely, MN

1896 Echo Tr

Ely, MN

2 beds | 1 baths | 1,280 sq.ft.

$349,900

Airbnb cash on cash: 1.06%

Traditional cash on cash: 3.27%

Airbnb Rental Income: $1350

Traditional Rental Income: $1660

Airbnb ROI: 1.06%

Traditional ROI: 3.27%

2641 Priests Point Road

Ely, MN

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

$360,000

Airbnb cash on cash: 1.14%

Traditional cash on cash: 7.49%

Airbnb Rental Income: $2030

Traditional Rental Income: $3649

Airbnb ROI: 1.14%

Traditional ROI: 7.49%

2713 Burntside Lake NE

Ely, MN

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

$1,985,500

Airbnb cash on cash: -1.26%

Traditional cash on cash: -0.31%

Airbnb Rental Income: $1505

Traditional Rental Income: $2821

Airbnb ROI: -1.26%

Traditional ROI: -0.31%

1787 N Bay Road

Ely, MN

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

$700,000

Airbnb cash on cash: -0.62%

Traditional cash on cash: 1.9%

Airbnb Rental Income: $1505

Traditional Rental Income: $2714

Airbnb ROI: -0.62%

Traditional ROI: 1.9%

304 E James St

Ely, MN

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

$225,000

Airbnb cash on cash: 2.28%

Traditional cash on cash: 8.44%

Airbnb Rental Income: $1505

Traditional Rental Income: $2378

Airbnb ROI: 2.28%

Traditional ROI: 8.44%

3297 Burntside Lake NW

Ely, MN

1 beds | 1 baths | 800 sq.ft.

$665,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 0.94%

Airbnb Rental Income: $1527

Traditional Rental Income: $1841

Airbnb ROI: -0.28%

Traditional ROI: 0.94%

13848 Queen's Bay Rd

Ely, MN

2 beds | N/A baths | 400 sq.ft.

$310,000

Airbnb cash on cash: 0.78%

Traditional cash on cash: 2.98%

Airbnb Rental Income: $1350

Traditional Rental Income: $1576

Airbnb ROI: 0.78%

Traditional ROI: 2.98%

1804 N Bay Road

Ely, MN

2 beds | 3 baths | 2,920 sq.ft.

$649,000

Airbnb cash on cash: -0.45%

Traditional cash on cash: 3.13%

Airbnb Rental Income: $1350

Traditional Rental Income: $3104

Airbnb ROI: -0.45%