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
7110 208th Place N Forest Lake, MN Welcome to a truly exceptional opportunity in one of Forest Lakes' most desirable neighbor...	4 beds \| 3 baths \| 2,462 sq.ft.	$569,000	Airbnb cash on cash: 3% Traditional cash on cash: 2.68% Airbnb Rental Income: $3528 Traditional Rental Income: $2581 Airbnb ROI: 3% Traditional ROI: 2.68%
1219 15th St SE Forest Lake, MN This 4 bedroom home has the space your looking for versatile living. Situated on a .45-acr...	4 beds \| 2 baths \| 3,004 sq.ft.	$450,000	Airbnb cash on cash: 4.29% Traditional cash on cash: 3.97% Airbnb Rental Income: $3528 Traditional Rental Income: $2614 Airbnb ROI: 4.29% Traditional ROI: 3.97%
21389 Iverson Ave N Forest Lake, MN Welcome to "The SS Iverson" a totally renovated waterfront home literally sitting on the w...	3 beds \| 3 baths \| 2,880 sq.ft.	$1,150,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 0.71% Airbnb Rental Income: $2726 Traditional Rental Income: $2759 Airbnb ROI: 0.08% Traditional ROI: 0.71%
20910 Heath Ave N Forest Lake, MN	4 beds \| 2 baths \| 2,356 sq.ft.	$445,000	Airbnb cash on cash: 4.52% Traditional cash on cash: 3.76% Airbnb Rental Income: $3528 Traditional Rental Income: $2434 Airbnb ROI: 4.52% Traditional ROI: 3.76%
1505 14th St SE Forest Lake, MN Welcome to 1505 14th Street SE! This home is perfectly situated on Castlewood Golf Course ...	4 beds \| 2 baths \| 2,702 sq.ft.	$525,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 2.78% Airbnb Rental Income: $3528 Traditional Rental Income: $2384 Airbnb ROI: 3.53% Traditional ROI: 2.78%
1819 9th Ave SE Forest Lake, MN Desirable floor layout; single level walkout rambler. Great location in Forest Lake withi...	3 beds \| 2 baths \| 1,640 sq.ft.	$410,000	Airbnb cash on cash: 3.66% Traditional cash on cash: 3.47% Airbnb Rental Income: $2726 Traditional Rental Income: $2010 Airbnb ROI: 3.66% Traditional ROI: 3.47%
22620 Hayward Ave N Forest Lake, MN Absolutely stunning waterfront estate! West facing Forest lake 1st lake sandy lakeshore lo...	6 beds \| 4 baths \| 9,250 sq.ft.	$1,750,000	Airbnb cash on cash: -0.02% Traditional cash on cash: -0.26% Airbnb Rental Income: $4708 Traditional Rental Income: $3342 Airbnb ROI: -0.02% Traditional ROI: -0.26%
987 11th Ave SW Forest Lake, MN Investor owned. New Front and back doors, all windows ordered to be replaced. All new floo...	4 beds \| 1 baths \| 1,725 sq.ft.	$249,900	Airbnb cash on cash: 8.33% Traditional cash on cash: 2.83% Airbnb Rental Income: $3528 Traditional Rental Income: $1452 Airbnb ROI: 8.33% Traditional ROI: 2.83%
5216 207th St N Forest Lake, MN BETTER THAN NEW! Sellers made AMAZING upgrades to this 2 bed 2 bath plus loft town home. K...	2 beds \| 1 baths \| 1,400 sq.ft.	$215,000	Airbnb cash on cash: 1.11% Traditional cash on cash: 2.41% Airbnb Rental Income: $1475 Traditional Rental Income: $1305 Airbnb ROI: 1.11% Traditional ROI: 2.41%
43 2nd Avenue SE #202 Forest Lake, MN Waterfront living doesn't get much better than this beautifully updated 2-story condo with...	2 beds \| 2 baths \| 1,172 sq.ft.	$325,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 2.77% Airbnb Rental Income: $1475 Traditional Rental Income: $1817 Airbnb ROI: 0.22% Traditional ROI: 2.77%
6333 Saddlebred Way Forest Lake, MN Wow - Wow - Wow. This unit is gorgeous! Updated top to bottom in gorgeous, earthy tones. N...	2 beds \| 1 baths \| 1,364 sq.ft.	$224,900	Airbnb cash on cash: 0.79% Traditional cash on cash: 5.16% Airbnb Rental Income: $1475 Traditional Rental Income: $1969 Airbnb ROI: 0.79% Traditional ROI: 5.16%
20657 Fenston Avenue N Forest Lake, MN Bring your own style to this townhome and still build equity without breaking your pocket ...	2 beds \| 2 baths \| 1,380 sq.ft.	$219,900	Airbnb cash on cash: 1.07% Traditional cash on cash: 5.49% Airbnb Rental Income: $1475 Traditional Rental Income: $1962 Airbnb ROI: 1.07% Traditional ROI: 5.49%
4806 200th St N Forest Lake, MN Not your ordinary Town Home here! Fantastic 12 Foot Ceilings in the Great Room with a Ver...	3 beds \| 3 baths \| 2,003 sq.ft.	$320,000	Airbnb cash on cash: 3.36% Traditional cash on cash: 4.9% Airbnb Rental Income: $2726 Traditional Rental Income: $2546 Airbnb ROI: 3.36% Traditional ROI: 4.9%
20657 Jewel Ave N Forest Lake, MN This Charming 2 Story 3 BD 2 BA Home has just been remodeled. Open Floor plan lives big wi...	3 beds \| 1 baths \| 1,682 sq.ft.	$379,000	Airbnb cash on cash: 4.11% Traditional cash on cash: 2.77% Airbnb Rental Income: $2726 Traditional Rental Income: $1606 Airbnb ROI: 4.11% Traditional ROI: 2.77%
744 N Shore Dr Forest Lake, MN Comfortable and clean home in a wonderful area! Freshly remodeled main level, new roof 201...	2 beds \| 1 baths \| 925 sq.ft.	$249,000	Airbnb cash on cash: 2.47% Traditional cash on cash: 3.44% Airbnb Rental Income: $1475 Traditional Rental Income: $1269 Airbnb ROI: 2.47% Traditional ROI: 3.44%
23964 Itasca Ave Forest Lake, MN Executive Home sight with Panoramic views! This home has every bell and whistle imaginable...	4 beds \| 3 baths \| 3,735 sq.ft.	$1,175,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.06% Airbnb Rental Income: $3528 Traditional Rental Income: $3023 Airbnb ROI: 0.81% Traditional ROI: 1.06%
6417 207th St N Forest Lake, MN Excellent owner occupant or investment opportunity. 2BR/2BA unit in great location - easy ...	3 beds \| 1 baths \| 1,300 sq.ft.	$219,500	Airbnb cash on cash: 6.34% Traditional cash on cash: 4.14% Airbnb Rental Income: $2726 Traditional Rental Income: $1625 Airbnb ROI: 6.34% Traditional ROI: 4.14%
8870 202nd St N Forest Lake, MN Custom built, spacious rambler over looking almost 10 beautiful private acres. One level ...	3 beds \| 2 baths \| 2,032 sq.ft.	$484,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 3.25% Airbnb Rental Income: $2726 Traditional Rental Income: $2338 Airbnb ROI: 2.68% Traditional ROI: 3.25%
19799 Falk Ave N Forest Lake, MN Rare-to-find detached villa with an oversized 3-stall garage in one of Forest Lake's most ...	2 beds \| 2 baths \| 1,418 sq.ft.	$424,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.96% Airbnb Rental Income: $1475 Traditional Rental Income: $2327 Airbnb ROI: -0.27% Traditional ROI: 2.96%
21018 Karoline Ct N Forest Lake, MN Welcome to an extraordinary custom-built two-story home in the prestigious Forest Hills Fa...	5 beds \| 3 baths \| 3,580 sq.ft.	$1,125,000	Airbnb cash on cash: 1.55% Traditional cash on cash: 1.3% Airbnb Rental Income: $4708 Traditional Rental Income: $3473 Airbnb ROI: 1.55% Traditional ROI: 1.3%
1082 5th St SE Forest Lake, MN Sold Before Print	6 beds \| 4 baths \| 3,696 sq.ft.	$555,000	Airbnb cash on cash: 5.21% Traditional cash on cash: 5.06% Airbnb Rental Income: $4708 Traditional Rental Income: $3658 Airbnb ROI: 5.21% Traditional ROI: 5.06%
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: 5.26% Traditional cash on cash: 5.25% Airbnb Rental Income: $2726 Traditional Rental Income: $2081 Airbnb ROI: 5.26% Traditional ROI: 5.25%
23030 Henna Ave N Forest Lake, MN New Photos coming soon! Welcome to this beautifully maintained home nestled in a peaceful ...	3 beds \| 2 baths \| 1,636 sq.ft.	$383,900	Airbnb cash on cash: 3.52% Traditional cash on cash: 4.19% Airbnb Rental Income: $2726 Traditional Rental Income: $2325 Airbnb ROI: 3.52% Traditional ROI: 4.19%
8485 Scandia Trl N Forest Lake, MN Welcome home to this stunning brick walkout rambler on almost 5 acres! This home features ...	3 beds \| 2 baths \| 2,600 sq.ft.	$575,000	Airbnb cash on cash: 2.19% Traditional cash on cash: 2.86% Airbnb Rental Income: $2726 Traditional Rental Income: $2445 Airbnb ROI: 2.19% Traditional ROI: 2.86%
5050 210th St N Forest Lake, MN LAKE LIVING DREAM HOME JUST 30/35 MINUTES FROM DOWNTOWN MINNEAPOLIS OR ST PAUL - THIS WELL...	4 beds \| 4 baths \| 3,504 sq.ft.	$1,249,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 1.81% Airbnb Rental Income: $3528 Traditional Rental Income: $4021 Airbnb ROI: 0.72% Traditional ROI: 1.81%
15225 Quinalt St NE Forest Lake, MN Check out this wonderfully-renovated home on nearly 2 acres!! BRAND NEW septic system, new...	3 beds \| 1 baths \| 1,180 sq.ft.	$399,900	Airbnb cash on cash: 3.56% Traditional cash on cash: 2.49% Airbnb Rental Income: $2726 Traditional Rental Income: $1681 Airbnb ROI: 3.56% Traditional ROI: 2.49%
5257 200th Street N Forest Lake, MN Welcome home to this spacious 5-bedroom, 3-bath property featuring a huge primary suite wi...	5 beds \| 3 baths \| 2,588 sq.ft.	$463,000	Airbnb cash on cash: 7.09% Traditional cash on cash: 5.06% Airbnb Rental Income: $4708 Traditional Rental Income: $2855 Airbnb ROI: 7.09% Traditional ROI: 5.06%
23083 Hearth Ave N Forest Lake, MN Well maintained home on a large corner lot. The mature trees and landscaping provide for c...	3 beds \| 2 baths \| 1,663 sq.ft.	$405,000	Airbnb cash on cash: 3.57% Traditional cash on cash: 3.85% Airbnb Rental Income: $2726 Traditional Rental Income: $2188 Airbnb ROI: 3.57% Traditional ROI: 3.85%
22200 Joliet Avenue N Forest Lake, MN Here's an opportunity to own this charming split style home in Forest Lake, offering three...	3 beds \| 2 baths \| 1,942 sq.ft.	$399,900	Airbnb cash on cash: 3.29% Traditional cash on cash: 3.88% Airbnb Rental Income: $2726 Traditional Rental Income: $2303 Airbnb ROI: 3.29% Traditional ROI: 3.88%
6362 207th St N Forest Lake, MN Welcome home! This end unit townhome is the largest floor plan in the development and feat...	3 beds \| 2 baths \| 1,414 sq.ft.	$249,900	Airbnb cash on cash: 5.03% Traditional cash on cash: 4.9% Airbnb Rental Income: $2726 Traditional Rental Income: $2053 Airbnb ROI: 5.03% Traditional ROI: 4.9%
1296 Island Dr Forest Lake, MN Welcome to one level living. This great end unit 2 bedroom 2 bath 2 car garage home is spa...	2 beds \| 1 baths \| 1,268 sq.ft.	$299,900	Airbnb cash on cash: 1.21% Traditional cash on cash: 2.99% Airbnb Rental Income: $1475 Traditional Rental Income: $1542 Airbnb ROI: 1.21% Traditional ROI: 2.99%
932 16th St SE Forest Lake, MN This beautiful family home is ready for its next owner! The upstairs flooring and entry wa...	4 beds \| 2 baths \| 1,944 sq.ft.	$400,000	Airbnb cash on cash: 5.45% Traditional cash on cash: 4.29% Airbnb Rental Income: $3528 Traditional Rental Income: $2316 Airbnb ROI: 5.45% Traditional ROI: 4.29%
319 Lake St S Forest Lake, MN Some of the best views for your friends and family over the 4th of July!!! Forest Lake put...	4 beds \| 3 baths \| 2,545 sq.ft.	$899,900	Airbnb cash on cash: 1.19% Traditional cash on cash: 1.96% Airbnb Rental Income: $3528 Traditional Rental Income: $3394 Airbnb ROI: 1.19% Traditional ROI: 1.96%
5207 207th St N Forest Lake, MN Welcome to 5207 207th St N in Forest Lake! This well laid out townhome has to be seen in p...	2 beds \| 1 baths \| 1,438 sq.ft.	$249,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 2.73% Airbnb Rental Income: $1475 Traditional Rental Income: $1591 Airbnb ROI: 0.4% Traditional ROI: 2.73%
71 1st St SE Forest Lake, MN Experience high-end, turn-key, low-maintenance lake living on beautiful Forest Lake. This ...	2 beds \| 2 baths \| 2,000 sq.ft.	$800,000	Airbnb cash on cash: -0.95% Traditional cash on cash: 0.92% Airbnb Rental Income: $1475 Traditional Rental Income: $2439 Airbnb ROI: -0.95% Traditional ROI: 0.92%
7247 218th Street Way N Forest Lake, MN Rare end-unit, one-level townhome on Castlewood Golf Course offering exceptional views, th...	2 beds \| 2 baths \| 1,365 sq.ft.	$350,000	Airbnb cash on cash: 0.18% Traditional cash on cash: 2.88% Airbnb Rental Income: $1475 Traditional Rental Income: $1929 Airbnb ROI: 0.18% Traditional ROI: 2.88%
156 6th St NW Forest Lake, MN Welcome to this turn-of-the-century charmer in Forest Lake, MN, blending historical allure...	3 beds \| 2 baths \| 1,165 sq.ft.	$274,900	Airbnb cash on cash: 6.04% Traditional cash on cash: 5.76% Airbnb Rental Income: $2726 Traditional Rental Income: $2010 Airbnb ROI: 6.04% Traditional ROI: 5.76%
845 8th Ave SE Forest Lake, MN RARE TO MARKET!!! This one is a must see and these units don't come up for sale very often...	4 beds \| 2 baths \| 2,170 sq.ft.	$550,000	Airbnb cash on cash: 2.29% Traditional cash on cash: 2.34% Airbnb Rental Income: $3528 Traditional Rental Income: $2780 Airbnb ROI: 2.29% Traditional ROI: 2.34%
19809 Falk Ct N Forest Lake, MN Custom-built slab-on-grade Villa by Guidance Homes, Inc. located in a new association-main...	2 beds \| 2 baths \| 1,418 sq.ft.	$419,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.3% Airbnb Rental Income: $1475 Traditional Rental Income: $2176 Airbnb ROI: 0.41% Traditional ROI: 3.3%
18444 Tulane St NE Forest Lake, MN One Owner Home with Great Bones. 2+ Acre Lot. 3 Bedrooms on the Main Level. With your u...	3 beds \| 2 baths \| 1,605 sq.ft.	$445,000	Airbnb cash on cash: 2.67% Traditional cash on cash: 1.99% Airbnb Rental Income: $2726 Traditional Rental Income: $1800 Airbnb ROI: 2.67% Traditional ROI: 1.99%

Real Estate investment in Forest-lake, MN

There are 159 properties for sale in the city of Forest Lake . The median list price in Forest Lake is $404,758 and the average price per square foot is $186. In September 2026, the average monthly cash on cash return in Forest Lake is 3.00%. The average monthly rental income in Forest Lake is $2,286.

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

There are 159 investment properties available for sale in Forest-lake.

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

The ROI for Short-Term is higher than the Long-Term in Forest-lake with average rental income of $2,726.

Your search for investment property begins and ends here

Investment Property for Sale in Forest Lake, MN

7110 208th Place N

Forest Lake, MN

4 beds | 3 baths | 2,462 sq.ft.

$569,000

Airbnb cash on cash: 3%

Traditional cash on cash: 2.68%

Airbnb Rental Income: $3528

Traditional Rental Income: $2581

Airbnb ROI: 3%

Traditional ROI: 2.68%

1219 15th St SE

Forest Lake, MN

4 beds | 2 baths | 3,004 sq.ft.

$450,000

Airbnb cash on cash: 4.29%

Traditional cash on cash: 3.97%

Airbnb Rental Income: $3528

Traditional Rental Income: $2614

Airbnb ROI: 4.29%

Traditional ROI: 3.97%

21389 Iverson Ave N

Forest Lake, MN

3 beds | 3 baths | 2,880 sq.ft.

$1,150,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 0.71%

Airbnb Rental Income: $2726

Traditional Rental Income: $2759

Airbnb ROI: 0.08%

Traditional ROI: 0.71%

20910 Heath Ave N

Forest Lake, MN

4 beds | 2 baths | 2,356 sq.ft.

$445,000

Airbnb cash on cash: 4.52%

Traditional cash on cash: 3.76%

Airbnb Rental Income: $3528

Traditional Rental Income: $2434

Airbnb ROI: 4.52%

Traditional ROI: 3.76%

1505 14th St SE

Forest Lake, MN

4 beds | 2 baths | 2,702 sq.ft.

$525,000

Airbnb cash on cash: 3.53%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $3528

Traditional Rental Income: $2384

Airbnb ROI: 3.53%

Traditional ROI: 2.78%

1819 9th Ave SE

Forest Lake, MN

3 beds | 2 baths | 1,640 sq.ft.

$410,000

Airbnb cash on cash: 3.66%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $2726

Traditional Rental Income: $2010

Airbnb ROI: 3.66%

Traditional ROI: 3.47%

22620 Hayward Ave N

Forest Lake, MN

6 beds | 4 baths | 9,250 sq.ft.

$1,750,000

Airbnb cash on cash: -0.02%

Traditional cash on cash: -0.26%

Airbnb Rental Income: $4708

Traditional Rental Income: $3342

Airbnb ROI: -0.02%

Traditional ROI: -0.26%

987 11th Ave SW

Forest Lake, MN

4 beds | 1 baths | 1,725 sq.ft.

$249,900

Airbnb cash on cash: 8.33%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $3528

Traditional Rental Income: $1452

Airbnb ROI: 8.33%