Real Estate Investment Properties for Sale in Lake Elmo, MN

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
11102 41st Street Circle N Lake Elmo, MN Almost New Construction Without the Wait! Thoughtfully designed with timeless neutral tone...	4 beds \| 3 baths \| 2,584 sq.ft.	$574,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.74% Airbnb Rental Income: $null Traditional Rental Income: $3176 Airbnb ROI: N/A Traditional ROI: 3.74%
11301 Latrobe Lane Lake Elmo, MN Welcome home to TJB Homes exciting new one level living popular Jenna plan in the no snow-...	3 beds \| 2 baths \| 2,075 sq.ft.	$999,606	Airbnb cash on cash: 0% Traditional cash on cash: 1.23% Airbnb Rental Income: $2111 Traditional Rental Income: $2719 Airbnb ROI: 0% Traditional ROI: 1.23%
2970 Jamley Avenue N Lake Elmo, MN Beautiful one story home on nearly an acre lot in Lake Elmo! Stunning new custom kitchen w...	3 beds \| 2 baths \| 1,716 sq.ft.	$425,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 3.94% Airbnb Rental Income: $2111 Traditional Rental Income: $2354 Airbnb ROI: 1.97% Traditional ROI: 3.94%
9925 5th Street Lane N Lake Elmo, MN Fantastic townhome featuring thoughtful upgrades throughout! Enjoy brand-new flooring on b...	3 beds \| 3 baths \| 1,733 sq.ft.	$349,900	Airbnb cash on cash: 1.53% Traditional cash on cash: 5.06% Airbnb Rental Income: $2111 Traditional Rental Income: $2732 Airbnb ROI: 1.53% Traditional ROI: 5.06%
10441 56th Place N Lake Elmo, MN Built in 2022 by an award-winning builder and never occupied. This impressive two-story wa...	5 beds \| 5 baths \| 4,287 sq.ft.	$1,165,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 2.25% Airbnb Rental Income: $5449 Traditional Rental Income: $4792 Airbnb ROI: 1.84% Traditional ROI: 2.25%
11459 Blazingstar Lane Lake Elmo, MN Welcome to your dream home in the highly sought-after Wildflower at Lake Elmo! Situated wi...	4 beds \| 3 baths \| 2,449 sq.ft.	$699,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.44% Airbnb Rental Income: $null Traditional Rental Income: $3129 Airbnb ROI: N/A Traditional ROI: 3.44%
11468 Blazingstar Lane Lake Elmo, MN Welcome home to TJB Home's newest model in the highly desired Wildflower community. Presen...	2 beds \| 2 baths \| 1,860 sq.ft.	$1,039,800	Airbnb cash on cash: 0.53% Traditional cash on cash: 1.35% Airbnb Rental Income: $2410 Traditional Rental Income: $2611 Airbnb ROI: 0.53% Traditional ROI: 1.35%
4152 Hummingbird Court N Lake Elmo, MN Custom built in 2020, this stunning one story walkout in the sought after Wildflower commu...	4 beds \| 3 baths \| 3,086 sq.ft.	$865,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.2% Airbnb Rental Income: $null Traditional Rental Income: $3308 Airbnb ROI: N/A Traditional ROI: 2.2%
11558 Wildflower Drive Lake Elmo, MN Welcome to your dream home in the sought-after Wildflower at Lake Elmo community! Nestled ...	4 beds \| 4 baths \| 2,929 sq.ft.	$770,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.63% Airbnb Rental Income: $null Traditional Rental Income: $3551 Airbnb ROI: N/A Traditional ROI: 3.63%
9726 Whistling Valley Road Lake Elmo, MN Exquisite custom craftsmanship by Anderson Sorenson sets the tone for this breathtaking es...	5 beds \| 5 baths \| 5,754 sq.ft.	$1,795,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 0.92% Airbnb Rental Income: $5449 Traditional Rental Income: $5089 Airbnb ROI: 0.47% Traditional ROI: 0.92%
10971 38th Court N Lake Elmo, MN Welcome to one-level living; this sought-after 'Atwood' design in the desirable Legacy at ...	4 beds \| 3 baths \| 3,123 sq.ft.	$624,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.26% Airbnb Rental Income: $null Traditional Rental Income: $3311 Airbnb ROI: N/A Traditional ROI: 3.26%
10732 Stillwater Boulevard N Lake Elmo, MN Discover an exceptional investment opportunity with this historic 4-bedroom, 3-bathroom la...	4 beds \| 3 baths \| 2,421 sq.ft.	$695,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.27% Airbnb Rental Income: $null Traditional Rental Income: $3407 Airbnb ROI: N/A Traditional ROI: 3.27%
1920 Annika Drive N Lake Elmo, MN Luxury Living on the Royal Golf Club! Set on the prestigious 16th hole of the Royal Golf C...	3 beds \| 3 baths \| 3,325 sq.ft.	$1,239,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 0.26% Airbnb Rental Income: $2111 Traditional Rental Income: $2869 Airbnb ROI: -0.87% Traditional ROI: 0.26%
8824 Upper 7th Place N Lake Elmo, MN Come and see this Impeccably maintained one owner villa w/ 3 car garage in desired Inwood ...	3 beds \| 2 baths \| 2,227 sq.ft.	$579,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 2.8% Airbnb Rental Income: $2111 Traditional Rental Income: $2821 Airbnb ROI: 0.49% Traditional ROI: 2.8%
5685 N Kelvin Avenue N Lake Elmo, MN Experience refined luxury in this custom-built new construction home located in the highly...	5 beds \| 5 baths \| 5,097 sq.ft.	$1,495,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 2.41% Airbnb Rental Income: $5449 Traditional Rental Income: $5252 Airbnb ROI: 1.76% Traditional ROI: 2.41%
10700 40th Street N Lake Elmo, MN Exceptional Backyard Living with Stunning Sunset Views! Step into luxury and comfort in t...	5 beds \| 5 baths \| 4,318 sq.ft.	$929,900	Airbnb cash on cash: 3.13% Traditional cash on cash: 3.96% Airbnb Rental Income: $5449 Traditional Rental Income: $5070 Airbnb ROI: 3.13% Traditional ROI: 3.96%
3275 Linden Avenue N Lake Elmo, MN Stunning and prestigious 2018 built Lake Elmo home on gorgeous lot overlooking pond in Eas...	3 beds \| 3 baths \| 2,481 sq.ft.	$649,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 3.09% Airbnb Rental Income: $2111 Traditional Rental Income: $3142 Airbnb ROI: 0.5% Traditional ROI: 3.09%
9109 Jade Circle N Lake Elmo, MN Offering low-maintenance living with HOA-provided lawn care and snow removal, this home is...	3 beds \| 3 baths \| 2,662 sq.ft.	$525,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.63% Airbnb Rental Income: $2111 Traditional Rental Income: $3169 Airbnb ROI: 0.37% Traditional ROI: 3.63%
10833 38th Trail N Lake Elmo, MN Welcome to 10833 38th Trl N, a stunning former model home nestled in the heart of Lake Elm...	4 beds \| 4 baths \| 3,851 sq.ft.	$850,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.77% Airbnb Rental Income: $null Traditional Rental Income: $3901 Airbnb ROI: N/A Traditional ROI: 2.77%
3142 Lilac Avenue Lake Elmo, MN Don't miss this exceptional 5BR/3BA Lake Elmo 2-story on a premium lot w/ so many thoughtf...	5 beds \| 3 baths \| 3,552 sq.ft.	$749,900	Airbnb cash on cash: 4.08% Traditional cash on cash: 2.67% Airbnb Rental Income: $5449 Traditional Rental Income: $3364 Airbnb ROI: 4.08% Traditional ROI: 2.67%
9652 55th Street N Lake Elmo, MN Timeless elegance meets tasteful updates, all lovingly maintained by one owner with meticu...	4 beds \| 3 baths \| 3,082 sq.ft.	$799,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.33% Airbnb Rental Income: $null Traditional Rental Income: $3154 Airbnb ROI: N/A Traditional ROI: 2.33%
8727 Demontreville Trail N Lake Elmo, MN A home in Lake Elmo that sits on its own hill looking over 2 acres. Peaceful bonfires, thr...	4 beds \| 3 baths \| 2,543 sq.ft.	$729,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.55% Airbnb Rental Income: $null Traditional Rental Income: $3005 Airbnb ROI: N/A Traditional ROI: 2.55%
8762 Irving Boulevard N Lake Elmo, MN Welcome to 8762 Irving Boulevard in the highly sought-after InWood community of Lake Elmo....	3 beds \| 2 baths \| 2,494 sq.ft.	$584,900	Airbnb cash on cash: 0.41% Traditional cash on cash: 2.78% Airbnb Rental Income: $2111 Traditional Rental Income: $2862 Airbnb ROI: 0.41% Traditional ROI: 2.78%
10732 39th Street N Lake Elmo, MN Welcome to 10732 39th Street Nâan exceptional home built by Creative Homes in 2019, nest...	5 beds \| 3 baths \| 2,391 sq.ft.	$650,000	Airbnb cash on cash: 5.04% Traditional cash on cash: 2.99% Airbnb Rental Income: $5449 Traditional Rental Income: $3110 Airbnb ROI: 5.04% Traditional ROI: 2.99%
11676 Little Bluestem Lane N Lake Elmo, MN Nestled in the picturesque Fields of St. Croix in Lake Elmo, this exquisite home combines ...	5 beds \| 4 baths \| 3,331 sq.ft.	$700,000	Airbnb cash on cash: 4.34% Traditional cash on cash: 3.6% Airbnb Rental Income: $5449 Traditional Rental Income: $3871 Airbnb ROI: 4.34% Traditional ROI: 3.6%
9895 53rd Street N Lake Elmo, MN Welcome to this beautiful 3-bedroom, 2 Â¾-bath home, where vaulted ceilings and an open fl...	3 beds \| 3 baths \| 3,566 sq.ft.	$799,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.23% Airbnb Rental Income: $2111 Traditional Rental Income: $3076 Airbnb ROI: 0.2% Traditional ROI: 2.23%
3303 Lake Elmo Avenue N Lake Elmo, MN This original farmhouse, enhanced with a thoughtful garage and living area addition, combi...	4 beds \| 2 baths \| 2,953 sq.ft.	$839,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.77% Airbnb Rental Income: $null Traditional Rental Income: $2764 Airbnb ROI: N/A Traditional ROI: 1.77%
11803 Linden Court N Lake Elmo, MN Welcome to this stunning 5-bedroom, 4-bath two-story home! Designed with entertaining and ...	5 beds \| 4 baths \| 4,234 sq.ft.	$749,900	Airbnb cash on cash: 3.99% Traditional cash on cash: 3.45% Airbnb Rental Income: $5449 Traditional Rental Income: $3974 Airbnb ROI: 3.99% Traditional ROI: 3.45%
9797 7th Street N Lake Elmo, MN Meticulously maintained Sinclair model in the sought-after Savona community. The open floo...	5 beds \| 4 baths \| 3,385 sq.ft.	$625,000	Airbnb cash on cash: 5.26% Traditional cash on cash: N/A Airbnb Rental Income: $5449 Traditional Rental Income: $0 Airbnb ROI: 5.26% Traditional ROI: N/A
8817 Upper 7th Place N Lake Elmo, MN Quality-built by Hans Hagen Homes with a customized Linden floor plan, this exceptional ho...	2 beds \| 3 baths \| 2,404 sq.ft.	$650,000	Airbnb cash on cash: 0.65% Traditional cash on cash: -0.36% Airbnb Rental Income: $2410 Traditional Rental Income: $1209 Airbnb ROI: 0.65% Traditional ROI: -0.36%

Real Estate investment in Lake-elmo, MN

There are 41 properties for sale in the city of Lake Elmo . The median list price in Lake Elmo is $749,900 and the average price per square foot is $239. In September 2025, the average monthly cash on cash return in Lake Elmo is 3.00%. The average monthly rental income in Lake Elmo is $3,170.

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

There are 41 investment properties available for sale in Lake-elmo.

In 2025, the best neighborhood to buy investment property is Lake Elmo.

The ROI for Long-Term is higher than the Short-Term in Lake-elmo with average rental income of $3,170.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Elmo, MN

11102 41st Street Circle N

Lake Elmo, MN

4 beds | 3 baths | 2,584 sq.ft.

$574,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.74%

Airbnb Rental Income: $null

Traditional Rental Income: $3176

Airbnb ROI: N/A

Traditional ROI: 3.74%

11301 Latrobe Lane

Lake Elmo, MN

3 beds | 2 baths | 2,075 sq.ft.

$999,606

Airbnb cash on cash: 0%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2111

Traditional Rental Income: $2719

Airbnb ROI: 0%

Traditional ROI: 1.23%

2970 Jamley Avenue N

Lake Elmo, MN

3 beds | 2 baths | 1,716 sq.ft.

$425,000

Airbnb cash on cash: 1.97%

Traditional cash on cash: 3.94%

Airbnb Rental Income: $2111

Traditional Rental Income: $2354

Airbnb ROI: 1.97%

Traditional ROI: 3.94%

9925 5th Street Lane N

Lake Elmo, MN

3 beds | 3 baths | 1,733 sq.ft.

$349,900

Airbnb cash on cash: 1.53%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $2111

Traditional Rental Income: $2732

Airbnb ROI: 1.53%

Traditional ROI: 5.06%

10441 56th Place N

Lake Elmo, MN

5 beds | 5 baths | 4,287 sq.ft.

$1,165,000

Airbnb cash on cash: 1.84%

Traditional cash on cash: 2.25%

Airbnb Rental Income: $5449

Traditional Rental Income: $4792

Airbnb ROI: 1.84%

Traditional ROI: 2.25%

11459 Blazingstar Lane

Lake Elmo, MN

4 beds | 3 baths | 2,449 sq.ft.

$699,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.44%

Airbnb Rental Income: $null

Traditional Rental Income: $3129

Airbnb ROI: N/A

Traditional ROI: 3.44%

11468 Blazingstar Lane

Lake Elmo, MN

2 beds | 2 baths | 1,860 sq.ft.

$1,039,800

Airbnb cash on cash: 0.53%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $2410

Traditional Rental Income: $2611

Airbnb ROI: 0.53%

Traditional ROI: 1.35%

4152 Hummingbird Court N

Lake Elmo, MN

4 beds | 3 baths | 3,086 sq.ft.

$865,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.2%

Airbnb Rental Income: $null

Traditional Rental Income: $3308

Airbnb ROI: N/A