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
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: -0.01% Traditional cash on cash: 1.23% Airbnb Rental Income: $2107 Traditional Rental Income: $2719 Airbnb ROI: -0.01% Traditional ROI: 1.23%
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: 1.52% Traditional cash on cash: 5.06% Airbnb Rental Income: $2107 Traditional Rental Income: $2732 Airbnb ROI: 1.52% Traditional ROI: 5.06%
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: 0.67% Traditional cash on cash: 1.35% Airbnb Rental Income: $2575 Traditional Rental Income: $2611 Airbnb ROI: 0.67% 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: -1.28% Traditional cash on cash: 2.2% Airbnb Rental Income: $836 Traditional Rental Income: $3308 Airbnb ROI: -1.28% Traditional ROI: 2.2%
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: N/A Traditional cash on cash: 0.92% Airbnb Rental Income: $null Traditional Rental Income: $5089 Airbnb ROI: N/A 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: -1.54% Traditional cash on cash: 3.26% Airbnb Rental Income: $836 Traditional Rental Income: $3311 Airbnb ROI: -1.54% Traditional ROI: 3.26%
11314 Sunflower Lane N Lake Elmo, MN Welcome to this stunning custom-built with many features to include new roof with gutters ...	4 beds \| 3 baths \| 4,202 sq.ft.	$945,000	Airbnb cash on cash: -1.17% Traditional cash on cash: 1.83% Airbnb Rental Income: $836 Traditional Rental Income: $3149 Airbnb ROI: -1.17% Traditional ROI: 1.83%
8824 Upper 7th Place N Lake Elmo, MN Move In Before the Leaves Fall and Skip the Snow Shoveling This Year! This is more than ju...	3 beds \| 2 baths \| 2,227 sq.ft.	$574,900	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.83% Airbnb Rental Income: $2107 Traditional Rental Income: $2821 Airbnb ROI: 0.5% Traditional ROI: 2.83%
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: N/A Traditional cash on cash: 2.41% Airbnb Rental Income: $null Traditional Rental Income: $5252 Airbnb ROI: N/A 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.	$859,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.37% Airbnb Rental Income: $null Traditional Rental Income: $5070 Airbnb ROI: N/A Traditional ROI: 4.37%
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.	$624,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.22% Airbnb Rental Income: $2107 Traditional Rental Income: $3142 Airbnb ROI: 0.52% Traditional ROI: 3.22%
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: 0.36% Traditional cash on cash: 3.63% Airbnb Rental Income: $2107 Traditional Rental Income: $3169 Airbnb ROI: 0.36% Traditional ROI: 3.63%
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: $2107 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.	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.15% Airbnb Rental Income: $null Traditional Rental Income: $3110 Airbnb ROI: N/A Traditional ROI: 3.15%
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.	$815,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.85% Airbnb Rental Income: $836 Traditional Rental Income: $2764 Airbnb ROI: -1.12% Traditional ROI: 1.85%
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.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $3901 Airbnb ROI: N/A Traditional ROI: 4.71%
9085 Jade Court N Lake Elmo, MN True single-level living meets low-maintenance style and space in this 3-bed, 3-bath rambl...	3 beds \| 3 baths \| 3,253 sq.ft.	$600,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 2.28% Airbnb Rental Income: $2107 Traditional Rental Income: $2797 Airbnb ROI: 0.08% Traditional ROI: 2.28%
4644 Linden Trail N Lake Elmo, MN Welcome to this inviting 3-bedroom rambler that combines comfort and function in a beautif...	3 beds \| 3 baths \| 2,821 sq.ft.	$575,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.1% Airbnb Rental Income: $2107 Traditional Rental Income: $2988 Airbnb ROI: 0.45% Traditional ROI: 3.1%
3084 Layton Court N Lake Elmo, MN Lake Elmo charm meets modern comfort in this beautifully updated home, nestled in a quiet ...	3 beds \| 4 baths \| 3,328 sq.ft.	$599,000	Airbnb cash on cash: 0.64% Traditional cash on cash: 3.91% Airbnb Rental Income: $2107 Traditional Rental Income: $3398 Airbnb ROI: 0.64% Traditional ROI: 3.91%
9650 4th Street N Lake Elmo, MN Welcome to your like-new townhome in the heart of Lake Elmo! This stunning 3-bedroom, 3-ba...	3 beds \| 3 baths \| 1,955 sq.ft.	$439,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 4.36% Airbnb Rental Income: $2107 Traditional Rental Income: $2882 Airbnb ROI: 1.17% Traditional ROI: 4.36%

Real Estate investment in Lake-elmo, MN

There are 30 properties for sale in the city of Lake Elmo . The median list price in Lake Elmo is $699,500 and the average price per square foot is $218. In October 2025, the average monthly cash on cash return in Lake Elmo is 3.00%. The average monthly rental income in Lake Elmo is $3,159.

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

There are 30 investment properties available for sale in Lake-elmo.

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

The ROI for Short-Term is higher than the Long-Term in Lake-elmo with average rental income of $2,107.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Elmo, MN

11301 Latrobe Lane

Lake Elmo, MN

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

$999,606

Airbnb cash on cash: -0.01%

Traditional cash on cash: 1.23%

Airbnb Rental Income: $2107

Traditional Rental Income: $2719

Airbnb ROI: -0.01%

Traditional ROI: 1.23%

9925 5th Street Lane N

Lake Elmo, MN

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

$349,900

Airbnb cash on cash: 1.52%

Traditional cash on cash: 5.06%

Airbnb Rental Income: $2107

Traditional Rental Income: $2732

Airbnb ROI: 1.52%

Traditional ROI: 5.06%

11468 Blazingstar Lane

Lake Elmo, MN

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

$1,039,800

Airbnb cash on cash: 0.67%

Traditional cash on cash: 1.35%

Airbnb Rental Income: $2575

Traditional Rental Income: $2611

Airbnb ROI: 0.67%

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: -1.28%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $836

Traditional Rental Income: $3308

Airbnb ROI: -1.28%

Traditional ROI: 2.2%

9726 Whistling Valley Road

Lake Elmo, MN

5 beds | 5 baths | 5,754 sq.ft.

$1,795,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.92%

Airbnb Rental Income: $null

Traditional Rental Income: $5089

Airbnb ROI: N/A

Traditional ROI: 0.92%

10971 38th Court N

Lake Elmo, MN

4 beds | 3 baths | 3,123 sq.ft.

$624,900

Airbnb cash on cash: -1.54%

Traditional cash on cash: 3.26%

Airbnb Rental Income: $836

Traditional Rental Income: $3311

Airbnb ROI: -1.54%

Traditional ROI: 3.26%

11314 Sunflower Lane N

Lake Elmo, MN

4 beds | 3 baths | 4,202 sq.ft.

$945,000

Airbnb cash on cash: -1.17%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $836

Traditional Rental Income: $3149

Airbnb ROI: -1.17%

Traditional ROI: 1.83%

8824 Upper 7th Place N

Lake Elmo, MN

3 beds | 2 baths | 2,227 sq.ft.

$574,900

Airbnb cash on cash: 0.5%

Traditional cash on cash: 2.83%

Airbnb Rental Income: $2107

Traditional Rental Income: $2821

Airbnb ROI: 0.5%