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
9925 5th Street Ln N Lake Elmo, MN Back on market due to buyer financing. Fantastic townhome featuring thoughtful upgrades t...	3 beds \| 2 baths \| 1,733 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.24% Airbnb Rental Income: $null Traditional Rental Income: $2732 Airbnb ROI: N/A Traditional ROI: 5.24%
173 Junco Rd N Lake Elmo, MN Don't miss this immaculate, virtually new 3BR/3BA end-unit townhome situated on a premium ...	3 beds \| 2 baths \| 1,983 sq.ft.	$449,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.7% Airbnb Rental Income: $null Traditional Rental Income: $2711 Airbnb ROI: N/A Traditional ROI: 3.7%
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%
8824 Upper 7th Pl N Lake Elmo, MN This is more than just a home, it is a lifestyle upgrade. Welcome to this impeccably maint...	3 beds \| 2 baths \| 2,227 sq.ft.	$564,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.9% Airbnb Rental Income: $null Traditional Rental Income: $2821 Airbnb ROI: N/A Traditional ROI: 2.9%
8762 Irving Blvd 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.	$574,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.84% Airbnb Rental Income: $null Traditional Rental Income: $2862 Airbnb ROI: N/A Traditional ROI: 2.84%
9652 4th Street Lane N Lake Elmo, MN Donât miss this better-than-new 3BR/3BA end-unit townhomeâimmaculate, stylish, and loa...	3 beds \| 3 baths \| 1,983 sq.ft.	$435,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $2929 Airbnb ROI: N/A Traditional ROI: 4.39%
1389 Palmer Dr N Lake Elmo, MN Welcome to 1389 Palmer Drive North, a former luxury model home that exemplifies refined cr...	5 beds \| 4 baths \| 5,158 sq.ft.	$1,599,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.56% Airbnb Rental Income: $null Traditional Rental Income: $5119 Airbnb ROI: N/A Traditional ROI: 1.56%
9872 5th Street Lane N Lake Elmo, MN Sought-after end-unit townhome with peaceful pond viewsânot neighborsâplus a quick clo...	3 beds \| 3 baths \| 1,911 sq.ft.	$352,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2817 Airbnb ROI: N/A Traditional ROI: 5.27%
9560 4th Street N Lake Elmo, MN Don't miss your chance to own this virtually new townhome (only 1yo!) without all the new ...	3 beds \| 3 baths \| 1,893 sq.ft.	$409,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.27% Airbnb Rental Income: $null Traditional Rental Income: $2862 Airbnb ROI: N/A Traditional ROI: 5.27%
9597 4th St N Lake Elmo, MN Top 10 Reasons to Make This Move-In Ready Gem Yours: 1.) New-Build Feel, Without the Wai...	3 beds \| 2 baths \| 1,883 sq.ft.	$425,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.52% Airbnb Rental Income: $null Traditional Rental Income: $2862 Airbnb ROI: N/A Traditional ROI: 4.52%
9669 4th Street Ln N Lake Elmo, MN This less than 5-year-old, move-in-ready home checks every box. Fresh paint throughout, br...	3 beds \| 2 baths \| 1,906 sq.ft.	$390,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.54% Airbnb Rental Income: $null Traditional Rental Income: $2814 Airbnb ROI: N/A Traditional ROI: 4.54%
11159 41st Street Circle N Lake Elmo, MN Elegant and extensively upgraded 4BR/4BA two-story walkout on a beautifully landscaped Lak...	4 beds \| 4 baths \| 3,077 sq.ft.	$718,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $3580 Airbnb ROI: N/A Traditional ROI: 3.25%
3545 Lilac Avenue Alcove N Lake Elmo, MN Welcome to Easton Village in Lake Elmo! This beautiful home sits on cul-de-sac surrounded ...	3 beds \| 2 baths \| 2,250 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.42% Airbnb Rental Income: $null Traditional Rental Income: $2965 Airbnb ROI: N/A Traditional ROI: 3.42%
10961 38th Court N Lake Elmo, MN Exceptional one-level living in the highly sought-after Legacy at Northstar. Nestled on a ...	3 beds \| 3 baths \| 2,746 sq.ft.	$675,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.59% Airbnb Rental Income: $null Traditional Rental Income: $3068 Airbnb ROI: N/A Traditional ROI: 2.59%

Real Estate investment in Lake-elmo, MN

There are 68 properties for sale in the city of Lake Elmo . The median list price in Lake Elmo is $519,950 and the average price per square foot is $224. In March 2026, the average monthly cash on cash return in Lake Elmo is 3.00%. The average monthly rental income in Lake Elmo is $2,816.

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

There are 68 investment properties available for sale in Lake-elmo.

In 2026, 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 $N/A.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Elmo, MN

9925 5th Street Ln N

Lake Elmo, MN

3 beds | 2 baths | 1,733 sq.ft.

$339,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.24%

Airbnb Rental Income: $null

Traditional Rental Income: $2732

Airbnb ROI: N/A

Traditional ROI: 5.24%

173 Junco Rd N

Lake Elmo, MN

3 beds | 2 baths | 1,983 sq.ft.

$449,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.7%

Airbnb Rental Income: $null

Traditional Rental Income: $2711

Airbnb ROI: N/A

Traditional ROI: 3.7%

10971 38th Court N

Lake Elmo, MN

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%

8824 Upper 7th Pl N

Lake Elmo, MN

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

$564,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.9%

Airbnb Rental Income: $null

Traditional Rental Income: $2821

Airbnb ROI: N/A

Traditional ROI: 2.9%

8762 Irving Blvd N

Lake Elmo, MN

3 beds | 2 baths | 2,494 sq.ft.

$574,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.84%

Airbnb Rental Income: $null

Traditional Rental Income: $2862

Airbnb ROI: N/A

Traditional ROI: 2.84%

9652 4th Street Lane N

Lake Elmo, MN

3 beds | 3 baths | 1,983 sq.ft.

$435,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.39%

Airbnb Rental Income: $null

Traditional Rental Income: $2929

Airbnb ROI: N/A

Traditional ROI: 4.39%

1389 Palmer Dr N

Lake Elmo, MN

5 beds | 4 baths | 5,158 sq.ft.

$1,599,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.56%

Airbnb Rental Income: $null

Traditional Rental Income: $5119

Airbnb ROI: N/A

Traditional ROI: 1.56%

9872 5th Street Lane N

Lake Elmo, MN

3 beds | 3 baths | 1,911 sq.ft.

$352,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.27%

Airbnb Rental Income: $null

Traditional Rental Income: $2817

Airbnb ROI: N/A