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
7811 209th Street N Forest Lake, MN Do not miss this wonderfully updated home. It's located right across the street from the b...	4 beds \| 3 baths \| 2,760 sq.ft.	$404,900	Airbnb cash on cash: 7.16% Traditional cash on cash: 6.04% Airbnb Rental Income: $4514 Traditional Rental Income: $3148 Airbnb ROI: 7.16% Traditional ROI: 6.04%
21333 Harrow Avenue N Forest Lake, MN Welcome to 21333 Harrow Avenue N, a beautifully updated 4-bedroom, 3-bathroom home set on ...	4 beds \| 3 baths \| 3,300 sq.ft.	$549,900	Airbnb cash on cash: 4.84% Traditional cash on cash: 3.83% Airbnb Rental Income: $4514 Traditional Rental Income: $3052 Airbnb ROI: 4.84% Traditional ROI: 3.83%
9950 204th Street Court N Forest Lake, MN RARE LAKEFRONT ON PRIVATE LAKE KEEWAHTIN! Stunning 4BR/4BA home with 162 feet of east-faci...	4 beds \| 4 baths \| 3,155 sq.ft.	$749,900	Airbnb cash on cash: 3.35% Traditional cash on cash: 4.25% Airbnb Rental Income: $4514 Traditional Rental Income: $4202 Airbnb ROI: 3.35% Traditional ROI: 4.25%
6609 210th Lane N Forest Lake, MN Located in the well-established Bridle Pass neighborhood, this home offers convenient acce...	4 beds \| 4 baths \| 2,507 sq.ft.	$465,000	Airbnb cash on cash: 6.15% Traditional cash on cash: 5.22% Airbnb Rental Income: $4514 Traditional Rental Income: $3167 Airbnb ROI: 6.15% Traditional ROI: 5.22%
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.	$237,000	Airbnb cash on cash: 3.15% Traditional cash on cash: 5.05% Airbnb Rental Income: $2214 Traditional Rental Income: $2081 Airbnb ROI: 3.15% Traditional ROI: 5.05%
619 2nd Avenue NW Forest Lake, MN 1.5 story craftsman style charm has been preserved throughout the home with refinished har...	3 beds \| 2 baths \| 1,548 sq.ft.	$325,000	Airbnb cash on cash: 3.26% Traditional cash on cash: 5.13% Airbnb Rental Income: $2214 Traditional Rental Income: $2228 Airbnb ROI: 3.26% Traditional ROI: 5.13%
20491 Goodvine Trail N Forest Lake, MN This well-maintained home offers space, style, and a great location in Forest Lakeâjust ...	5 beds \| 3 baths \| 2,643 sq.ft.	$499,900	Airbnb cash on cash: 4.07% Traditional cash on cash: 4.23% Airbnb Rental Income: $3722 Traditional Rental Income: $2988 Airbnb ROI: 4.07% Traditional ROI: 4.23%
8112 N Shore Trail N Forest Lake, MN Take advantage of this opportunity to live on Forest Lake! This charming, sunny south-faci...	3 beds \| 2 baths \| 1,613 sq.ft.	$590,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 2.19% Airbnb Rental Income: $2214 Traditional Rental Income: $2382 Airbnb ROI: 0.87% Traditional ROI: 2.19%
10063 211th Street N Forest Lake, MN MODEL HOME SOLD. STILL AVAILABLE FOR SHOWINGS FOR CUSTOM BUILD ON ANOTHER LOT OR YOUR OWN ...	3 beds \| 2 baths \| 2,221 sq.ft.	$849,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 1.77% Airbnb Rental Income: $2214 Traditional Rental Income: $2542 Airbnb ROI: 0.65% Traditional ROI: 1.77%
22419 Elston Avenue Forest Lake, MN Welcome to this well maintained home in the high demand Evergreen Ridge neighborhood! A th...	4 beds \| 3 baths \| 2,546 sq.ft.	$449,900	Airbnb cash on cash: 6.25% Traditional cash on cash: 4.58% Airbnb Rental Income: $4514 Traditional Rental Income: $2871 Airbnb ROI: 6.25% Traditional ROI: 4.58%
20074 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Enjoy conveni...	2 beds \| 2 baths \| 1,729 sq.ft.	$469,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.48% Airbnb Rental Income: $1298 Traditional Rental Income: $2508 Airbnb ROI: -0.19% Traditional ROI: 3.48%
20194 Farnham Avenue N Forest Lake, MN Welcome to this beautifully maintained 5 bedroom, 2 bathroom multi-level home that offers ...	5 beds \| 2 baths \| 2,025 sq.ft.	$445,000	Airbnb cash on cash: 4.89% Traditional cash on cash: 3.81% Airbnb Rental Income: $3722 Traditional Rental Income: $2461 Airbnb ROI: 4.89% Traditional ROI: 3.81%
20106 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Main level li...	2 beds \| 2 baths \| 1,729 sq.ft.	$484,900	Airbnb cash on cash: -0.21% Traditional cash on cash: 3.35% Airbnb Rental Income: $1298 Traditional Rental Income: $2508 Airbnb ROI: -0.21% Traditional ROI: 3.35%
19809 Falk Court 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.	$499,900	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.62% Airbnb Rental Income: $1298 Traditional Rental Income: $2176 Airbnb ROI: -0.13% Traditional ROI: 2.62%
4715 Wyngate Boulevard Forest Lake, MN Perfectly situated just off Highway 35, this home offers the ideal blend of convenience an...	2 beds \| 1 baths \| 1,011 sq.ft.	$275,000	Airbnb cash on cash: -0.68% Traditional cash on cash: 1.71% Airbnb Rental Income: $1298 Traditional Rental Income: $1511 Airbnb ROI: -0.68% Traditional ROI: 1.71%
20084 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Main level li...	2 beds \| 2 baths \| 1,729 sq.ft.	$479,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.4% Airbnb Rental Income: $1298 Traditional Rental Income: $2508 Airbnb ROI: -0.19% Traditional ROI: 3.4%
20092 Fitzgerald Trail N Forest Lake, MN Neighborhood Close Out Sale***Quick Move In Available â Only 4 Units Left! Main level li...	2 beds \| 2 baths \| 1,729 sq.ft.	$479,900	Airbnb cash on cash: -0.19% Traditional cash on cash: 3.4% Airbnb Rental Income: $1298 Traditional Rental Income: $2508 Airbnb ROI: -0.19% Traditional ROI: 3.4%
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: 1.95% Traditional cash on cash: 1.46% Airbnb Rental Income: $4514 Traditional Rental Income: $3056 Airbnb ROI: 1.95% Traditional ROI: 1.46%
21273 Floral Bay Drive N Forest Lake, MN Perfectly situated on the slightly elevated northern shore of Ashbach Point, this custom w...	4 beds \| 3 baths \| 5,052 sq.ft.	$1,100,000	Airbnb cash on cash: 1.46% Traditional cash on cash: 1.23% Airbnb Rental Income: $4514 Traditional Rental Income: $3346 Airbnb ROI: 1.46% Traditional ROI: 1.23%
5617 220th Street N Forest Lake, MN Seller may consider buyer concessions if made in an offer. Come see this charming home now...	4 beds \| 2 baths \| 2,331 sq.ft.	$385,000	Airbnb cash on cash: 7.81% Traditional cash on cash: 5.18% Airbnb Rental Income: $4514 Traditional Rental Income: $2623 Airbnb ROI: 7.81% Traditional ROI: 5.18%
5225 217th Street N Forest Lake, MN Discover this amazing 1.69-acre lot with southern exposure, featuring a charming single-le...	3 beds \| 3 baths \| 1,710 sq.ft.	$750,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.1% Airbnb Rental Income: $2214 Traditional Rental Income: $2785 Airbnb ROI: 0.48% Traditional ROI: 2.1%
4936 210th Street N Forest Lake, MN Beautiful single family home on Clear Lake in Forest Lake MN. Hardwood floors on Main leve...	3 beds \| 3 baths \| 1,890 sq.ft.	$749,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.26% Airbnb Rental Income: $2214 Traditional Rental Income: $2822 Airbnb ROI: 0.59% Traditional ROI: 2.26%
619 3rd Street NW Forest Lake, MN Welcome to this one of a kind, one owner home, so well maintained! This 3 bedroom 2 bath h...	3 beds \| 2 baths \| 1,680 sq.ft.	$319,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 5.2% Airbnb Rental Income: $2214 Traditional Rental Income: $2235 Airbnb ROI: 3.27% Traditional ROI: 5.2%
6659 Lipizzan Trail Forest Lake, MN Public Remarks â Welcome home! This beautiful detached townhome offers the perfect loca...	3 beds \| 2 baths \| 2,336 sq.ft.	$365,000	Airbnb cash on cash: 2.85% Traditional cash on cash: 5.46% Airbnb Rental Income: $2214 Traditional Rental Income: $2549 Airbnb ROI: 2.85% Traditional ROI: 5.46%
9480 206th Street N Forest Lake, MN Privacy and location!! Nestled in a serene, wooded setting, this 2.2 acre property offers...	3 beds \| 3 baths \| 3,025 sq.ft.	$524,700	Airbnb cash on cash: 1.25% Traditional cash on cash: 3.91% Airbnb Rental Income: $2214 Traditional Rental Income: $2963 Airbnb ROI: 1.25% Traditional ROI: 3.91%
21272 Floral Bay Drive N Forest Lake, MN Welcome to the premier development in Forest Lake, Ashbach Pointe is a lovely peninsula on...	4 beds \| 4 baths \| 3,511 sq.ft.	$799,000	Airbnb cash on cash: 2.89% Traditional cash on cash: 3.21% Airbnb Rental Income: $4514 Traditional Rental Income: $3809 Airbnb ROI: 2.89% Traditional ROI: 3.21%

Real Estate investment in Forest-lake, MN

There are 49 properties for sale in the city of Forest Lake . The median list price in Forest Lake is $475,000 and the average price per square foot is $210. In September 2025, the average monthly cash on cash return in Forest Lake is 4.00%. The average monthly rental income in Forest Lake is $2,594.

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

There are 49 investment properties available for sale in Forest-lake.

In 2025, 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 $2,594.

Your search for investment property begins and ends here

Investment Property for Sale in Forest Lake, MN

7811 209th Street N

Forest Lake, MN

4 beds | 3 baths | 2,760 sq.ft.

$404,900

Airbnb cash on cash: 7.16%

Traditional cash on cash: 6.04%

Airbnb Rental Income: $4514

Traditional Rental Income: $3148

Airbnb ROI: 7.16%

Traditional ROI: 6.04%

21333 Harrow Avenue N

Forest Lake, MN

4 beds | 3 baths | 3,300 sq.ft.

$549,900

Airbnb cash on cash: 4.84%

Traditional cash on cash: 3.83%

Airbnb Rental Income: $4514

Traditional Rental Income: $3052

Airbnb ROI: 4.84%

Traditional ROI: 3.83%

9950 204th Street Court N

Forest Lake, MN

4 beds | 4 baths | 3,155 sq.ft.

$749,900

Airbnb cash on cash: 3.35%

Traditional cash on cash: 4.25%

Airbnb Rental Income: $4514

Traditional Rental Income: $4202

Airbnb ROI: 3.35%

Traditional ROI: 4.25%

6609 210th Lane N

Forest Lake, MN

4 beds | 4 baths | 2,507 sq.ft.

$465,000

Airbnb cash on cash: 6.15%

Traditional cash on cash: 5.22%

Airbnb Rental Income: $4514

Traditional Rental Income: $3167

Airbnb ROI: 6.15%

Traditional ROI: 5.22%

6389 207th Street N

Forest Lake, MN

3 beds | 2 baths | 1,430 sq.ft.

$237,000

Airbnb cash on cash: 3.15%

Traditional cash on cash: 5.05%

Airbnb Rental Income: $2214

Traditional Rental Income: $2081

Airbnb ROI: 3.15%

Traditional ROI: 5.05%

619 2nd Avenue NW

Forest Lake, MN

3 beds | 2 baths | 1,548 sq.ft.

$325,000

Airbnb cash on cash: 3.26%

Traditional cash on cash: 5.13%

Airbnb Rental Income: $2214

Traditional Rental Income: $2228

Airbnb ROI: 3.26%

Traditional ROI: 5.13%

20491 Goodvine Trail N

Forest Lake, MN

5 beds | 3 baths | 2,643 sq.ft.

$499,900

Airbnb cash on cash: 4.07%

Traditional cash on cash: 4.23%

Airbnb Rental Income: $3722

Traditional Rental Income: $2988

Airbnb ROI: 4.07%

Traditional ROI: 4.23%

8112 N Shore Trail N

Forest Lake, MN

3 beds | 2 baths | 1,613 sq.ft.

$590,000

Airbnb cash on cash: 0.87%

Traditional cash on cash: 2.19%

Airbnb Rental Income: $2214

Traditional Rental Income: $2382

Airbnb ROI: 0.87%