Real Estate Investment Properties for Sale in Lake City, MN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
621 S Garden Street Lake City, MN Nice 4 bedroom home in a great location near Lake Pepin, downtown and local schools. Newl...	3 beds \| 2 baths \| 1,942 sq.ft.	$260,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 8.65% Airbnb Rental Income: $1140 Traditional Rental Income: $2606 Airbnb ROI: 1.13% Traditional ROI: 8.65%
1329 S Oak Street Lake City, MN Stunning lake property! Experience unparalleled lakeview living with this rare opportunity...	3 beds \| 3 baths \| 3,170 sq.ft.	$699,900	Airbnb cash on cash: -1.47% Traditional cash on cash: 2.11% Airbnb Rental Income: $1140 Traditional Rental Income: $3094 Airbnb ROI: -1.47% Traditional ROI: 2.11%
900 S Lakeshore Drive #405 Lake City, MN Make this fabulous lake-view condo yours today! Top floor, corner condo with expansive vie...	2 beds \| 2 baths \| 2,060 sq.ft.	$625,000	Airbnb cash on cash: -2.02% Traditional cash on cash: 1.04% Airbnb Rental Income: $1434 Traditional Rental Income: $2789 Airbnb ROI: -2.02% Traditional ROI: 1.04%
918 Hidden Meadow Lane Lake City, MN Located in one of the areaâs most prestigious golf course communities, this exceptional ...	4 beds \| 4 baths \| 3,523 sq.ft.	$1,090,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 1.94% Airbnb Rental Income: $2097 Traditional Rental Income: $3814 Airbnb ROI: -0.28% Traditional ROI: 1.94%
1702 N Lakeshore Drive #3 Lake City, MN Enjoy low maintenance living in this beautifully updated 2 bedroom, 2 bathroom condo locat...	2 beds \| 2 baths \| 1,224 sq.ft.	$414,900	Airbnb cash on cash: -1.32% Traditional cash on cash: 1.83% Airbnb Rental Income: $1434 Traditional Rental Income: $2231 Airbnb ROI: -1.32% Traditional ROI: 1.83%
727 Hidden Meadow Lane Lake City, MN	3 beds \| 3 baths \| 3,276 sq.ft.	$525,000	Airbnb cash on cash: -1.19% Traditional cash on cash: 2.97% Airbnb Rental Income: $1140 Traditional Rental Income: $2806 Airbnb ROI: -1.19% Traditional ROI: 2.97%
71516 Highway 63 Lake City, MN Welcome to your new home! The charm of this country home n 9.36 acres is unmatched. The be...	4 beds \| 3 baths \| 2,811 sq.ft.	$752,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.78% Airbnb Rental Income: $2097 Traditional Rental Income: $3169 Airbnb ROI: 0.49% Traditional ROI: 2.78%
818 S 10th Street Lake City, MN Built in 1974, this 1,800 sq ft Peters edition split-level blends solid construction with ...	3 beds \| 2 baths \| 1,386 sq.ft.	$300,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 5.57% Airbnb Rental Income: $1140 Traditional Rental Income: $2218 Airbnb ROI: 0.41% Traditional ROI: 5.57%
1430 Woodland Way Lake City, MN Beautiful 3-bedroom, 3-bath home overlooking a peaceful wooded backyard, offering both com...	3 beds \| 3 baths \| 1,826 sq.ft.	$438,500	Airbnb cash on cash: -0.64% Traditional cash on cash: 4.13% Airbnb Rental Income: $1140 Traditional Rental Income: $2718 Airbnb ROI: -0.64% Traditional ROI: 4.13%
1041 Harvest Way Lake City, MN New Construction, stand alone patio home on wooded lot, currently under construction. 2 be...	2 beds \| 2 baths \| 1,395 sq.ft.	$474,900	Airbnb cash on cash: 0.72% Traditional cash on cash: 3.71% Airbnb Rental Income: $1434 Traditional Rental Income: $2332 Airbnb ROI: 0.72% Traditional ROI: 3.71%
2760 Oakhurst Drive Lake City, MN Stunning views set the stage for this beautifully designed home, offering both comfort & v...	3 beds \| 3 baths \| 2,891 sq.ft.	$637,500	Airbnb cash on cash: -0.82% Traditional cash on cash: 3.17% Airbnb Rental Income: $1140 Traditional Rental Income: $3135 Airbnb ROI: -0.82% Traditional ROI: 3.17%
1301 N Lakeshore Dr #202 Lake City, MN Experience elevated living in this brand-new condo in beautiful Lake City, offering breath...	3 beds \| 2 baths \| 1,644 sq.ft.	$599,500	Airbnb cash on cash: -0.35% Traditional cash on cash: 3.11% Airbnb Rental Income: $1140 Traditional Rental Income: $2699 Airbnb ROI: -0.35% Traditional ROI: 3.11%
573 Cedar Drive Lake City, MN Dreaming of life on one of Southeast Minnesotaâs premier golf courses? This home deliver...	3 beds \| 3 baths \| 2,971 sq.ft.	$564,900	Airbnb cash on cash: -0.85% Traditional cash on cash: 3.89% Airbnb Rental Income: $1140 Traditional Rental Income: $3260 Airbnb ROI: -0.85% Traditional ROI: 3.89%
200 E Michigan Street #1 Lake City, MN Wake up to ever-changing views of beautiful Lake Pepin in this exceptional beachfront cond...	3 beds \| 3 baths \| 3,016 sq.ft.	$850,000	Airbnb cash on cash: -2.49% Traditional cash on cash: 0.82% Airbnb Rental Income: $1140 Traditional Rental Income: $3376 Airbnb ROI: -2.49% Traditional ROI: 0.82%
302 Grand Drive Lake City, MN Grand Dr. is a Beautiful, Custom Built 5 Bedroom, 4 Bath Home on a .44 Acre Lot that backs...	5 beds \| 4 baths \| 3,776 sq.ft.	$795,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.85% Airbnb Rental Income: $null Traditional Rental Income: $3878 Airbnb ROI: N/A Traditional ROI: 2.85%
31127 Levi Path Lake City, MN Vacation in Your Own Private Backyard! Whether itâs Camping, Hunting, Fishing or Birdwa...	3 beds \| 3 baths \| 2,464 sq.ft.	$595,000	Airbnb cash on cash: -0.49% Traditional cash on cash: 3.56% Airbnb Rental Income: $1140 Traditional Rental Income: $3012 Airbnb ROI: -0.49% Traditional ROI: 3.56%
101 S Washington Street #303 Lake City, MN Scandinavian-Inspired Corner Condo with Panoramic Views Experience effortless living in t...	2 beds \| 2 baths \| 1,461 sq.ft.	$424,900	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.34% Airbnb Rental Income: $1434 Traditional Rental Income: $2694 Airbnb ROI: -0.9% Traditional ROI: 3.34%
601 N High Street Lake City, MN Historic charm meets modern updates in this beautiful Tudor-style home with views of Lake ...	2 beds \| 2 baths \| 1,561 sq.ft.	$299,900	Airbnb cash on cash: 1.43% Traditional cash on cash: 6.01% Airbnb Rental Income: $1434 Traditional Rental Income: $2299 Airbnb ROI: 1.43% Traditional ROI: 6.01%
1422 Woodland Way Lake City, MN TO BE BUILT on Walkout Building Site in the Jewel. Wonderful rambler plan welcomes with t...	3 beds \| 2 baths \| 1,795 sq.ft.	$499,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 6.29% Airbnb Rental Income: $1140 Traditional Rental Income: $3535 Airbnb ROI: 0.34% Traditional ROI: 6.29%
199 Hillwood Drive Lake City, MN Affordable home in beautiful location at a great price! This location is private, wooded a...	2 beds \| 2 baths \| 1,752 sq.ft.	$215,000	Airbnb cash on cash: 2.08% Traditional cash on cash: 8.47% Airbnb Rental Income: $1434 Traditional Rental Income: $2306 Airbnb ROI: 2.08% Traditional ROI: 8.47%
407 N Washington Street Lake City, MN Welcome to this charming 3 bedroom, 2 bathroom home located in Lake City, just near the Mi...	3 beds \| 2 baths \| 1,423 sq.ft.	$279,900	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.25% Airbnb Rental Income: $1140 Traditional Rental Income: $2240 Airbnb ROI: 0.65% Traditional ROI: 6.25%
1004 W Marion Street Lake City, MN Professional Photo's Coming Soon! Step into the charm of this well maintained 1901 home i...	3 beds \| 1 baths \| 1,324 sq.ft.	$230,000	Airbnb cash on cash: 1.07% Traditional cash on cash: 6.25% Airbnb Rental Income: $1140 Traditional Rental Income: $1887 Airbnb ROI: 1.07% Traditional ROI: 6.25%
1250 Mounds Court Lake City, MN Welcome to this beautifully maintained 3-bedroom, 3-bath home with a spacious 3-car garage...	3 beds \| 3 baths \| 1,624 sq.ft.	$395,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.84% Airbnb Rental Income: $1140 Traditional Rental Income: $2694 Airbnb ROI: -0.38% Traditional ROI: 4.84%
118 S Washington Street Lake City, MN Great opportunity to live and work in downtown Lake City in great location with views of L...	2 beds \| 2 baths \| 2,160 sq.ft.	$185,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 9.99% Airbnb Rental Income: $1434 Traditional Rental Income: $2278 Airbnb ROI: 2.76% Traditional ROI: 9.99%

Real Estate investment in Lake-city, MN

There are 25 properties for sale in the city of Lake City . The median list price in Lake City is $313,700 and the average price per square foot is $155. In May 2026, the average monthly cash on cash return in Lake City is 5.00%. The average monthly rental income in Lake City is $2,606.

Lake-city, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 25 investment properties available for sale in Lake-city.

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

The ROI for Long-Term is higher than the Short-Term in Lake-city with average rental income of $2,606.

Your search for investment property begins and ends here

Investment Property for Sale in Lake City, MN

621 S Garden Street

Lake City, MN

3 beds | 2 baths | 1,942 sq.ft.

$260,000

Airbnb cash on cash: 1.13%

Traditional cash on cash: 8.65%

Airbnb Rental Income: $1140

Traditional Rental Income: $2606

Airbnb ROI: 1.13%

Traditional ROI: 8.65%

1329 S Oak Street

Lake City, MN

3 beds | 3 baths | 3,170 sq.ft.

$699,900

Airbnb cash on cash: -1.47%

Traditional cash on cash: 2.11%

Airbnb Rental Income: $1140

Traditional Rental Income: $3094

Airbnb ROI: -1.47%

Traditional ROI: 2.11%

900 S Lakeshore Drive #405

Lake City, MN

2 beds | 2 baths | 2,060 sq.ft.

$625,000

Airbnb cash on cash: -2.02%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $1434

Traditional Rental Income: $2789

Airbnb ROI: -2.02%

Traditional ROI: 1.04%

918 Hidden Meadow Lane

Lake City, MN

4 beds | 4 baths | 3,523 sq.ft.

$1,090,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 1.94%

Airbnb Rental Income: $2097

Traditional Rental Income: $3814

Airbnb ROI: -0.28%

Traditional ROI: 1.94%

1702 N Lakeshore Drive #3

Lake City, MN

2 beds | 2 baths | 1,224 sq.ft.

$414,900

Airbnb cash on cash: -1.32%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $1434

Traditional Rental Income: $2231

Airbnb ROI: -1.32%

Traditional ROI: 1.83%

727 Hidden Meadow Lane

Lake City, MN

3 beds | 3 baths | 3,276 sq.ft.

$525,000

Airbnb cash on cash: -1.19%

Traditional cash on cash: 2.97%

Airbnb Rental Income: $1140

Traditional Rental Income: $2806

Airbnb ROI: -1.19%

Traditional ROI: 2.97%

71516 Highway 63

Lake City, MN

4 beds | 3 baths | 2,811 sq.ft.

$752,000

Airbnb cash on cash: 0.49%

Traditional cash on cash: 2.78%

Airbnb Rental Income: $2097

Traditional Rental Income: $3169

Airbnb ROI: 0.49%

Traditional ROI: 2.78%

818 S 10th Street

Lake City, MN

3 beds | 2 baths | 1,386 sq.ft.

$300,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 5.57%

Airbnb Rental Income: $1140

Traditional Rental Income: $2218

Airbnb ROI: 0.41%