Real Estate Investment Properties for Sale in Forest Lake, MN

Looking for investment property in Forest Lake, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
20885 Hardwood Road N Forest Lake, MN Welcome to this beautifully designed home featuring an open floor plan with 4 bedrooms and...	4 beds \| 3 baths \| 2,840 sq.ft.	$475,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 4.89% Airbnb Rental Income: $1705 Traditional Rental Income: $3202 Airbnb ROI: 0.45% Traditional ROI: 4.89%
808 3rd Avenue SW Forest Lake, MN Welcome home to peaceful Forest Lake! If youâre looking for a large, fully fenced lot, m...	3 beds \| 2 baths \| 1,935 sq.ft.	$369,900	Airbnb cash on cash: 1.09% Traditional cash on cash: 4.91% Airbnb Rental Income: $1596 Traditional Rental Income: $2468 Airbnb ROI: 1.09% Traditional ROI: 4.91%
620 2nd Street SE Forest Lake, MN Located just blocks from Lakeside Park, this beautiful home features all living facilities...	3 beds \| 2 baths \| 1,424 sq.ft.	$295,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 5.31% Airbnb Rental Income: $1596 Traditional Rental Income: $2111 Airbnb ROI: 1.82% Traditional ROI: 5.31%
326 S Shore Drive Forest Lake, MN Welcome Home! 3 bed 2 bath 2 car garage in the heart of town with Forest Lake views. Ent...	3 beds \| 2 baths \| 1,627 sq.ft.	$350,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 4.66% Airbnb Rental Income: $1596 Traditional Rental Income: $2268 Airbnb ROI: 1.24% Traditional ROI: 4.66%
1768 Beach Drive SE Forest Lake, MN Lovely two-story home on a beautiful north facing lot with fence in backyard, lake views, ...	4 beds \| 2 baths \| 2,000 sq.ft.	$385,500	Airbnb cash on cash: 1.32% Traditional cash on cash: 4.76% Airbnb Rental Income: $1705 Traditional Rental Income: $2475 Airbnb ROI: 1.32% Traditional ROI: 4.76%
7810 Scandia Trail N Forest Lake, MN The retaining wall will be completed prior to close Welcome to 7810 Scandia Trail North i...	5 beds \| 2 baths \| 2,208 sq.ft.	$450,000	Airbnb cash on cash: 1.3% Traditional cash on cash: 3.74% Airbnb Rental Income: $1894 Traditional Rental Income: $2420 Airbnb ROI: 1.3% Traditional ROI: 3.74%
9950 204th Street Court N Forest Lake, MN Exceptional Lakefront Retreat on Private Lake Keewahtin â Your Dream Awaits! Get ready t...	4 beds \| 4 baths \| 3,529 sq.ft.	$699,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 4.32% Airbnb Rental Income: $1705 Traditional Rental Income: $4202 Airbnb ROI: -0.23% Traditional ROI: 4.32%
308 7th Avenue NW Forest Lake, MN	4 beds \| 2 baths \| 1,907 sq.ft.	$324,900	Airbnb cash on cash: 1.78% Traditional cash on cash: 5.75% Airbnb Rental Income: $1705 Traditional Rental Income: $2443 Airbnb ROI: 1.78% Traditional ROI: 5.75%
5824 N 213th Street N Forest Lake, MN Prime Opportunity in a Fantastic Location â Make This Home Yours Today! Wow â talk abo...	3 beds \| 2 baths \| 2,140 sq.ft.	$399,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.62% Airbnb Rental Income: $1596 Traditional Rental Income: $2501 Airbnb ROI: 0.99% Traditional ROI: 4.62%
6389 207th Street N Forest Lake, MN Welcome to 6389 207th Street N, a bright and spacious 3-bedroom, 2-bathroom end-unit townh...	3 beds \| 2 baths \| 1,430 sq.ft.	$230,000	Airbnb cash on cash: 0.91% Traditional cash on cash: 5.23% Airbnb Rental Income: $1596 Traditional Rental Income: $2081 Airbnb ROI: 0.91% Traditional ROI: 5.23%
20491 Goodvine Trail N Forest Lake, MN This well-maintained detached townhome offers space, style, and a great location in Forest...	5 beds \| 3 baths \| 2,643 sq.ft.	$449,900	Airbnb cash on cash: 0.93% Traditional cash on cash: 4.72% Airbnb Rental Income: $1894 Traditional Rental Income: $2988 Airbnb ROI: 0.93% Traditional ROI: 4.72%
8112 N Shore Trail N Forest Lake, MN Don't miss your chance to own a beautiful home on Forest Lake! This charming, sunny, south...	3 beds \| 2 baths \| 1,613 sq.ft.	$625,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.96% Airbnb Rental Income: $1596 Traditional Rental Income: $2382 Airbnb ROI: -0.17% Traditional ROI: 1.96%
1558 9th Street Circle SE Forest Lake, MN Beautiful Acorn Ponds home nestled on a quiet cul-de-sac lot. This property features numer...	4 beds \| 2 baths \| 1,812 sq.ft.	$360,000	Airbnb cash on cash: 1.57% Traditional cash on cash: 5.11% Airbnb Rental Income: $1705 Traditional Rental Income: $2430 Airbnb ROI: 1.57% Traditional ROI: 5.11%
7930 230th Street Lane N Forest Lake, MN VERY NICE AND SPACIOUS HOME ON A .96 AC PRIVATE LOT THAT ENCOMPASSES NATURE! Main floor in...	3 beds \| 2 baths \| 2,124 sq.ft.	$439,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 3.33% Airbnb Rental Income: $1596 Traditional Rental Income: $2285 Airbnb ROI: 0.55% Traditional ROI: 3.33%
931 6th Street SE Forest Lake, MN Completely updated and move-in ready home just minutes from downtown Forest Lake and only ...	2 beds \| 1 baths \| 734 sq.ft.	$249,900	Airbnb cash on cash: -1.26% Traditional cash on cash: 3.65% Airbnb Rental Income: $465 Traditional Rental Income: $1358 Airbnb ROI: -1.26% Traditional ROI: 3.65%
10011 211th Street N Forest Lake, MN Guidance Homes, Inc. is proud to welcome you to Forest Hills Preserve, an absolutely gorge...	2 beds \| 2 baths \| 1,714 sq.ft.	$749,900	Airbnb cash on cash: -1.47% Traditional cash on cash: 1.91% Airbnb Rental Income: $465 Traditional Rental Income: $2563 Airbnb ROI: -1.47% Traditional ROI: 1.91%
9998 211th Court N Forest Lake, MN Welcome to 'Forest Hills Preserve', Forest Lake's newest premier 55+ Custom Home Associati...	4 beds \| 3 baths \| 3,387 sq.ft.	$1,150,000	Airbnb cash on cash: -0.27% Traditional cash on cash: 1.43% Airbnb Rental Income: $1705 Traditional Rental Income: $3056 Airbnb ROI: -0.27% Traditional ROI: 1.43%
9480 206th Street N Forest Lake, MN Acreage, location and endless opportunities!! Nestled in a serene, wooded setting, this 2...	3 beds \| 3 baths \| 2,325 sq.ft.	$524,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 3.92% Airbnb Rental Income: $1596 Traditional Rental Income: $2963 Airbnb ROI: 0.2% Traditional ROI: 3.92%
1012 18th Avenue SE Forest Lake, MN Welcome to 1012 18th Ave SE in Forest Lake, a peaceful and well-kept 55+ townhome communit...	4 beds \| 2 baths \| 1,915 sq.ft.	$263,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 6.24% Airbnb Rental Income: $1705 Traditional Rental Income: $2429 Airbnb ROI: 1.41% Traditional ROI: 6.24%
20025 Jeffrey Avenue N Forest Lake, MN Ten acres of wooded privacy, a saltwater pool, and a 40x60 heated pole building â this F...	5 beds \| 4 baths \| 4,154 sq.ft.	$1,275,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 1.63% Airbnb Rental Income: $1894 Traditional Rental Income: $3938 Airbnb ROI: -0.52% Traditional ROI: 1.63%
8580 215th Street N Forest Lake, MN Incredibly Rare Lakefront Opportunity on Forest Lake! Enjoy 75 feet of prime lakeshore ...	2 beds \| 3 baths \| 1,473 sq.ft.	$850,000	Airbnb cash on cash: -1.74% Traditional cash on cash: 1.18% Airbnb Rental Income: $465 Traditional Rental Income: $2515 Airbnb ROI: -1.74% Traditional ROI: 1.18%
379 3rd Street NW Forest Lake, MN OFFER RECEIVED SUBJECT TO INSPECTION. Location-Condition-Price! The BIG 3 are all here. Pr...	4 beds \| 2 baths \| 1,950 sq.ft.	$349,900	Airbnb cash on cash: 1.49% Traditional cash on cash: 5.32% Airbnb Rental Income: $1705 Traditional Rental Income: $2489 Airbnb ROI: 1.49% Traditional ROI: 5.32%
20924 Hardwood Road N Forest Lake, MN Welcome to this beautifully updated 5-bedroom, 3-bathroom home nestled on a quiet, tree-li...	5 beds \| 3 baths \| 2,887 sq.ft.	$480,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 5% Airbnb Rental Income: $1894 Traditional Rental Income: $3244 Airbnb ROI: 0.87% Traditional ROI: 5%
8751 212th Street Court N Forest Lake, MN This is a rare opportunity to own a walkout rambler situated on a spacious 2+ acre wooded ...	4 beds \| 2 baths \| 1,983 sq.ft.	$440,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 4.11% Airbnb Rental Income: $1705 Traditional Rental Income: $2568 Airbnb ROI: 0.87% Traditional ROI: 4.11%
10036 211th Street N Forest Lake, MN Guidance Homes, Inc. is proud to welcome you to 'Forest Hills Preserve', a gorgeous 55+ as...	3 beds \| 2 baths \| 2,221 sq.ft.	$859,900	Airbnb cash on cash: -0.23% Traditional cash on cash: 1.86% Airbnb Rental Income: $1596 Traditional Rental Income: $2816 Airbnb ROI: -0.23% Traditional ROI: 1.86%
1189 11th Street SE Forest Lake, MN The Bay is calling! Come enjoy over 250 feet of Lakeshore on Forest Lake! Experience lakes...	5 beds \| 3 baths \| 2,644 sq.ft.	$675,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.42% Airbnb Rental Income: $1894 Traditional Rental Income: $3088 Airbnb ROI: -0.28% Traditional ROI: 2.42%
21094 Keibler Court N Forest Lake, MN Exciting opportunity with Guidance Homes, Inc to live in the Forest Hills Preserve Develop...	3 beds \| 3 baths \| 3,004 sq.ft.	$989,900	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.83% Airbnb Rental Income: $1596 Traditional Rental Income: $3138 Airbnb ROI: -0.34% Traditional ROI: 1.83%
8186 Ideal Court Forest Lake, MN Bring the family and enjoy this recently updated walk-out rambler situated in a peaceful a...	5 beds \| 3 baths \| 4,825 sq.ft.	$874,900	Airbnb cash on cash: -0.59% Traditional cash on cash: 1.72% Airbnb Rental Income: $1894 Traditional Rental Income: $3267 Airbnb ROI: -0.59% Traditional ROI: 1.72%
20682 Enfield Avenue N Forest Lake, MN This is the definition of Move-In Ready. Highly sought after end unit, open floor plan wit...	3 beds \| 3 baths \| 2,117 sq.ft.	$350,000	Airbnb cash on cash: 0.09% Traditional cash on cash: 4.55% Airbnb Rental Income: $1596 Traditional Rental Income: $2609 Airbnb ROI: 0.09% Traditional ROI: 4.55%
21760 Ideal Avenue N Forest Lake, MN Modern Craftsman design meets relaxed lake-cottage living in this thoughtfully designed 4-...	4 beds \| 2 baths \| 2,468 sq.ft.	$1,075,000	Airbnb cash on cash: -0.58% Traditional cash on cash: 0.79% Airbnb Rental Income: $1705 Traditional Rental Income: $2605 Airbnb ROI: -0.58% Traditional ROI: 0.79%
1354 16th Avenue SE Forest Lake, MN Fall in love with this original owner home in the highly sought after Bayview Estates neig...	4 beds \| 4 baths \| 2,640 sq.ft.	$499,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 4.94% Airbnb Rental Income: $1705 Traditional Rental Income: $3307 Airbnb ROI: 0.5% Traditional ROI: 4.94%
219 2nd Avenue SW Forest Lake, MN Fully Updated One-Story Home in Forest Lake Welcome to this beautifully refreshed 1-story ...	2 beds \| 1 baths \| 1,008 sq.ft.	$219,990	Airbnb cash on cash: -1.42% Traditional cash on cash: 4.74% Airbnb Rental Income: $465 Traditional Rental Income: $1482 Airbnb ROI: -1.42% Traditional ROI: 4.74%
22374 Elston Avenue Forest Lake, MN Welcome to this beautifully maintained home nestled in the heart of Forest Lake, offering ...	3 beds \| 3 baths \| 2,712 sq.ft.	$430,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.93% Airbnb Rental Income: $1596 Traditional Rental Income: $2877 Airbnb ROI: 0.62% Traditional ROI: 4.93%
68 4th Street NW Forest Lake, MN Likely the most affordable home in town and an unbeatable value just minutes from downtown...	3 beds \| 1 baths \| 1,166 sq.ft.	$249,999	Airbnb cash on cash: 2.49% Traditional cash on cash: 4.69% Airbnb Rental Income: $1596 Traditional Rental Income: $1660 Airbnb ROI: 2.49% Traditional ROI: 4.69%
21162 N Keibler Court N Forest Lake, MN Meticulously maintained and better than new, this exceptional home in the highly sought-af...	4 beds \| 3 baths \| 3,210 sq.ft.	$899,900	Airbnb cash on cash: -0.82% Traditional cash on cash: 1.44% Airbnb Rental Income: $1705 Traditional Rental Income: $3126 Airbnb ROI: -0.82% Traditional ROI: 1.44%
5821 212th Street N Forest Lake, MN Rare one-owner California Ranch walkout on a quiet cul-de-sac with a spacious .75-acre lot...	4 beds \| 3 baths \| 2,694 sq.ft.	$525,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 4.42% Airbnb Rental Income: $1705 Traditional Rental Income: $2918 Airbnb ROI: 0.99% Traditional ROI: 4.42%
843 2nd Street SE Forest Lake, MN Come on out today to see this lovely move-in ready home, it is not to be missed. Many fea...	3 beds \| 1 baths \| 1,048 sq.ft.	$264,900	Airbnb cash on cash: 2.28% Traditional cash on cash: 4.08% Airbnb Rental Income: $1596 Traditional Rental Income: $1592 Airbnb ROI: 2.28% Traditional ROI: 4.08%

Real Estate investment in Forest-lake, MN

There are 60 properties for sale in the city of Forest Lake . The median list price in Forest Lake is $448,950 and the average price per square foot is $196. In April 2026, the average monthly cash on cash return in Forest Lake is 4.00%. The average monthly rental income in Forest Lake is $2,522.

Forest-lake, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 60 investment properties available for sale in Forest-lake.

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

The ROI for Long-Term is higher than the Short-Term in Forest-lake with average rental income of $2,522.

Your search for investment property begins and ends here

Investment Property for Sale in Forest Lake, MN

20885 Hardwood Road N

Forest Lake, MN

4 beds | 3 baths | 2,840 sq.ft.

$475,000

Airbnb cash on cash: 0.45%

Traditional cash on cash: 4.89%

Airbnb Rental Income: $1705

Traditional Rental Income: $3202

Airbnb ROI: 0.45%

Traditional ROI: 4.89%

808 3rd Avenue SW

Forest Lake, MN

3 beds | 2 baths | 1,935 sq.ft.

$369,900

Airbnb cash on cash: 1.09%

Traditional cash on cash: 4.91%

Airbnb Rental Income: $1596

Traditional Rental Income: $2468

Airbnb ROI: 1.09%

Traditional ROI: 4.91%

620 2nd Street SE

Forest Lake, MN

3 beds | 2 baths | 1,424 sq.ft.

$295,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $1596

Traditional Rental Income: $2111

Airbnb ROI: 1.82%

Traditional ROI: 5.31%

326 S Shore Drive

Forest Lake, MN

3 beds | 2 baths | 1,627 sq.ft.

$350,000

Airbnb cash on cash: 1.24%

Traditional cash on cash: 4.66%

Airbnb Rental Income: $1596

Traditional Rental Income: $2268

Airbnb ROI: 1.24%

Traditional ROI: 4.66%

1768 Beach Drive SE

Forest Lake, MN

4 beds | 2 baths | 2,000 sq.ft.

$385,500

Airbnb cash on cash: 1.32%

Traditional cash on cash: 4.76%

Airbnb Rental Income: $1705

Traditional Rental Income: $2475

Airbnb ROI: 1.32%

Traditional ROI: 4.76%

7810 Scandia Trail N

Forest Lake, MN

5 beds | 2 baths | 2,208 sq.ft.

$450,000

Airbnb cash on cash: 1.3%

Traditional cash on cash: 3.74%

Airbnb Rental Income: $1894

Traditional Rental Income: $2420

Airbnb ROI: 1.3%

Traditional ROI: 3.74%

9950 204th Street Court N

Forest Lake, MN

4 beds | 4 baths | 3,529 sq.ft.

$699,900

Airbnb cash on cash: -0.23%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1705

Traditional Rental Income: $4202

Airbnb ROI: -0.23%

Traditional ROI: 4.32%

308 7th Avenue NW

Forest Lake, MN

4 beds | 2 baths | 1,907 sq.ft.

$324,900

Airbnb cash on cash: 1.78%

Traditional cash on cash: 5.75%

Airbnb Rental Income: $1705

Traditional Rental Income: $2443

Airbnb ROI: 1.78%