Real Estate Investment Properties for Sale in Owatonna, MN

Looking for investment property in Owatonna, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1291 Bellflower Lane NE Owatonna, MN Blending peaceful natural surroundings with everyday comfort, this beautifully maintained ...	4 beds \| 2 baths \| 1,587 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.81% Airbnb Rental Income: $null Traditional Rental Income: $2272 Airbnb ROI: N/A Traditional ROI: 4.81%
1314 Leif Avenue NW Owatonna, MN gorgeous setting nestled in the trees, 3 bed rooms on one floor easy living at its best.	4 beds \| 2 baths \| 2,226 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.68% Airbnb Rental Income: $null Traditional Rental Income: $2576 Airbnb ROI: N/A Traditional ROI: 5.68%
225 20th Street NW Owatonna, MN Walk out lower levels are hard to find in Owatonna, and this one delivers on every level. ...	4 beds \| 2 baths \| 1,991 sq.ft.	$314,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.15% Airbnb Rental Income: $null Traditional Rental Income: $2563 Airbnb ROI: N/A Traditional ROI: 6.15%
116 Hobart Street Owatonna, MN Updated story and a half charmer with 3-bedrooms & 2 baths located on a quiet, tree lined ...	3 beds \| 2 baths \| 1,158 sq.ft.	$224,900	Airbnb cash on cash: 2.77% Traditional cash on cash: 6.48% Airbnb Rental Income: $1582 Traditional Rental Income: $1919 Airbnb ROI: 2.77% Traditional ROI: 6.48%
1280 Ridge Road Owatonna, MN Welcome to this grand home nestled in one of the area's most beautiful neighborhoods! With...	4 beds \| 4 baths \| 3,777 sq.ft.	$519,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.63% Airbnb Rental Income: $null Traditional Rental Income: $3793 Airbnb ROI: N/A Traditional ROI: 5.63%
1260 Truman Avenue Owatonna, MN Beautifully renovated 4 bedroom, 3 bathroom home located in a desirable neighborhood on th...	4 beds \| 3 baths \| 3,343 sq.ft.	$389,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $2724 Airbnb ROI: N/A Traditional ROI: 5.46%
341 Plainview Street Owatonna, MN Why choose between convenience and comfort when you can have both? This well maintained 3 ...	3 beds \| 2 baths \| 1,692 sq.ft.	$279,900	Airbnb cash on cash: 1.91% Traditional cash on cash: 6.43% Airbnb Rental Income: $1582 Traditional Rental Income: $2322 Airbnb ROI: 1.91% Traditional ROI: 6.43%
525 16th Street SW Owatonna, MN Spacious rambler situated on a desirable corner lot with approximately 3,000 sq. ft. of fi...	4 beds \| 3 baths \| 2,954 sq.ft.	$389,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $2804 Airbnb ROI: N/A Traditional ROI: 5.13%
122 E University Street Owatonna, MN Step into the charm and character of this beautifully maintained 1.5-story home, built in ...	3 beds \| 2 baths \| 2,046 sq.ft.	$279,900	Airbnb cash on cash: 1.59% Traditional cash on cash: 4.6% Airbnb Rental Income: $1582 Traditional Rental Income: $1924 Airbnb ROI: 1.59% Traditional ROI: 4.6%
1825 3rd Avenue NE Owatonna, MN If you've been searching for a home that offers a little more privacy and flexibility, you...	3 beds \| 2 baths \| 1,839 sq.ft.	$309,900	Airbnb cash on cash: 1.88% Traditional cash on cash: 5.14% Airbnb Rental Income: $1582 Traditional Rental Income: $2080 Airbnb ROI: 1.88% Traditional ROI: 5.14%
2055 Edgewood Drive Owatonna, MN Beautifully updated four bedroom home on over half an acre in a fantastic neighborhood clo...	4 beds \| 2 baths \| 2,280 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.7% Airbnb Rental Income: $null Traditional Rental Income: $2277 Airbnb ROI: N/A Traditional ROI: 4.7%
1034 Cardinal Drive Owatonna, MN Find your nest on Cardinal! This well kept 3 bedroom, 2 bath ranch home offers comfortable...	3 beds \| 2 baths \| 1,687 sq.ft.	$264,900	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.84% Airbnb Rental Income: $1582 Traditional Rental Income: $2096 Airbnb ROI: 1.97% Traditional ROI: 5.84%
118 Franklin Avenue Owatonna, MN Recently remodeled 3-bedroom home. Custom knotty alder cabinetry, stainless steel applianc...	3 beds \| 1 baths \| 1,539 sq.ft.	$249,900	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.45% Airbnb Rental Income: $1582 Traditional Rental Income: $1762 Airbnb ROI: 2.76% Traditional ROI: 5.45%
238 Locust Avenue Owatonna, MN This inviting residence features 2 bedrooms. The main floor offers a warm and functional l...	2 beds \| 1 baths \| 1,240 sq.ft.	$125,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.08% Airbnb Rental Income: $null Traditional Rental Income: $1609 Airbnb ROI: N/A Traditional ROI: 11.08%
1060 Cherry Street Owatonna, MN ARE YOU A CAR ENTHUSIAST? HAVE A HOME BUSINESS? Need room for your boat, snowmobiles, trai...	3 beds \| 4 baths \| 1,618 sq.ft.	$414,899	Airbnb cash on cash: 0.52% Traditional cash on cash: 5.51% Airbnb Rental Income: $1582 Traditional Rental Income: $3068 Airbnb ROI: 0.52% Traditional ROI: 5.51%
144 E Rose Street Owatonna, MN YOUR OPPORTUNITY TO BUY THIS GREAT PROPERTY! This home is back on market due to last buyer...	4 beds \| 2 baths \| 1,710 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.49% Airbnb Rental Income: $null Traditional Rental Income: $2362 Airbnb ROI: N/A Traditional ROI: 8.49%
1929 Woodcrest Drive NE Owatonna, MN If you've been waiting for space, this is it! With multiple living areas including a four-...	5 beds \| 4 baths \| 4,550 sq.ft.	$575,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.46% Airbnb Rental Income: $null Traditional Rental Income: $3816 Airbnb ROI: N/A Traditional ROI: 4.46%
1840 Field Stone Avenue SE Owatonna, MN Welcome home to this well-maintained bi-level split built in 2001, offering space, functio...	4 beds \| 2 baths \| 1,716 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.29% Airbnb Rental Income: $null Traditional Rental Income: $2368 Airbnb ROI: N/A Traditional ROI: 5.29%
645 Ashley Lane Owatonna, MN Beautiful townhome with an open floor plan and quality finished throughout. The kitchen fe...	2 beds \| 2 baths \| 1,509 sq.ft.	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.39% Airbnb Rental Income: $null Traditional Rental Income: $2308 Airbnb ROI: N/A Traditional ROI: 4.39%
116 E School Street Owatonna, MN This classic 4-bedroom, 1.5-bath home is full of timeless charm and thoughtful updates. Th...	4 beds \| 2 baths \| 2,564 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.03% Airbnb Rental Income: $null Traditional Rental Income: $2657 Airbnb ROI: N/A Traditional ROI: 7.03%
847 17th NE Owatonna, MN This spacious ranch style home is nestled into a serene established neighborhood. This qua...	3 beds \| 3 baths \| 2,481 sq.ft.	$420,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 6.31% Airbnb Rental Income: $1582 Traditional Rental Income: $3434 Airbnb ROI: 0.45% Traditional ROI: 6.31%
251 Linden Avenue Owatonna, MN Charming and affordable home on a spacious lot in a quiet Owatonna neighborhood! This move...	1 beds \| 2 baths \| 997 sq.ft.	$169,900	Airbnb cash on cash: -0.81% Traditional cash on cash: 6.62% Airbnb Rental Income: $642 Traditional Rental Income: $1549 Airbnb ROI: -0.81% Traditional ROI: 6.62%
808 E Vine Street Owatonna, MN Welcome to this freshly updated home in Owatonna, MN, situated on a corner lot with great ...	3 beds \| 2 baths \| 1,546 sq.ft.	$269,900	Airbnb cash on cash: 2.37% Traditional cash on cash: 6.63% Airbnb Rental Income: $1582 Traditional Rental Income: $2213 Airbnb ROI: 2.37% Traditional ROI: 6.63%
720 Richway Lane SE Owatonna, MN Beautiful 4-bedroom, 2-bath home featuring a spacious 3-car attached garage and an invitin...	4 beds \| 2 baths \| 2,196 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $2666 Airbnb ROI: N/A Traditional ROI: 5.74%
2105 Linn Drive Owatonna, MN Located in a desirable neighborhood in Owatonna, this custom-built one-owner home has been...	4 beds \| 3 baths \| 2,705 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.62% Airbnb Rental Income: $null Traditional Rental Income: $3145 Airbnb ROI: N/A Traditional ROI: 7.62%
1562 Eagle Ridge Street NE Owatonna, MN THINGS TO GET RID OF.... Lawnmower. Snowblower. And more importantly, your concerns about ...	2 beds \| 2 baths \| 1,621 sq.ft.	$387,500	Airbnb cash on cash: N/A Traditional cash on cash: 3.74% Airbnb Rental Income: $null Traditional Rental Income: $2489 Airbnb ROI: N/A Traditional ROI: 3.74%
508 24th Street NE Owatonna, MN Fresh updates, functional spaces, and cozy gathering spots make this 3 bedroom, 1 bathroom...	3 beds \| 1 baths \| 1,596 sq.ft.	$259,000	Airbnb cash on cash: 1.94% Traditional cash on cash: 4.9% Airbnb Rental Income: $1582 Traditional Rental Income: $1852 Airbnb ROI: 1.94% Traditional ROI: 4.9%
2040 Greenwood Drive Owatonna, MN Price improved! Plus, buyers may qualify for a 1% temporary interest rate buydown through ...	3 beds \| 2 baths \| 1,959 sq.ft.	$364,500	Airbnb cash on cash: 0.9% Traditional cash on cash: 5.08% Airbnb Rental Income: $1582 Traditional Rental Income: $2559 Airbnb ROI: 0.9% Traditional ROI: 5.08%
137 South Street Owatonna, MN Step into the charm and character of a beautiful older home that's full of potential and r...	4 beds \| 2 baths \| 1,750 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.68% Airbnb Rental Income: $null Traditional Rental Income: $2420 Airbnb ROI: N/A Traditional ROI: 7.68%
2405 Watertower Lane Owatonna, MN LOVE. LIVING. HERE....when you come home every day to this spacious 2004 5-bedroom ranch! ...	5 beds \| 3 baths \| 3,011 sq.ft.	$524,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.89% Airbnb Rental Income: $null Traditional Rental Income: $3102 Airbnb ROI: N/A Traditional ROI: 3.89%
1950 Greenwood Drive Owatonna, MN Energy-Efficient Smart Home with Premium Outdoor Oasis Welcome to this beautifully maintai...	4 beds \| 2 baths \| 1,859 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.35% Airbnb Rental Income: $null Traditional Rental Income: $2447 Airbnb ROI: N/A Traditional ROI: 5.35%
360 Allan Avenue Owatonna, MN This split level home has been well cared for and well maintained. Step into the main leve...	3 beds \| 2 baths \| 1,592 sq.ft.	$309,900	Airbnb cash on cash: 1.39% Traditional cash on cash: 5.26% Airbnb Rental Income: $1582 Traditional Rental Income: $2258 Airbnb ROI: 1.39% Traditional ROI: 5.26%
1065 Barney Street Owatonna, MN Well-maintained 3-bedroom, 2-bath home with over 2,400 finished sq. ft. featuring 3 bedroo...	3 beds \| 2 baths \| 2,437 sq.ft.	$359,900	Airbnb cash on cash: 0.81% Traditional cash on cash: 5.27% Airbnb Rental Income: $1582 Traditional Rental Income: $2635 Airbnb ROI: 0.81% Traditional ROI: 5.27%
227 Phelps Street Owatonna, MN Fresh floors, functional space, and room to gather, this 1 1/2-story home checks all the b...	3 beds \| 2 baths \| 1,281 sq.ft.	$217,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 7.31% Airbnb Rental Income: $1582 Traditional Rental Income: $2008 Airbnb ROI: 3.04% Traditional ROI: 7.31%
576 Phelps Street Owatonna, MN Just say WOW!! Welcome home to this beautifully maintained 1958 ranch offering timeless cr...	4 beds \| 2 baths \| 1,887 sq.ft.	$340,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.02% Airbnb Rental Income: $null Traditional Rental Income: $2356 Airbnb ROI: N/A Traditional ROI: 5.02%
805 El Dorado Street SE Owatonna, MN Move right into this beautifully maintained 4 bed, 2 bath split-level home offering the pe...	4 beds \| 2 baths \| 1,877 sq.ft.	$369,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.15% Airbnb Rental Income: $null Traditional Rental Income: $2640 Airbnb ROI: N/A Traditional ROI: 5.15%
7798 Highway 218 Owatonna, MN Escape to the peace and beauty of country living with this stunning 7-acre homestead nestl...	3 beds \| 1 baths \| 1,209 sq.ft.	$319,900	Airbnb cash on cash: 1.77% Traditional cash on cash: 3.59% Airbnb Rental Income: $1582 Traditional Rental Income: $1677 Airbnb ROI: 1.77% Traditional ROI: 3.59%
238 Prospect Street Owatonna, MN This home is ready for its next chapter! This 3 bed, 1 bath story and a half home offers p...	3 beds \| 1 baths \| 1,314 sq.ft.	$149,900	Airbnb cash on cash: 4.95% Traditional cash on cash: 8.83% Airbnb Rental Income: $1582 Traditional Rental Income: $1686 Airbnb ROI: 4.95% Traditional ROI: 8.83%
821 Lancer Drive NE Owatonna, MN Welcome home to this beautiful 4 bed, 3 bath rambler nestled in one of Owatonna's desirabl...	4 beds \| 3 baths \| 2,253 sq.ft.	$359,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.36% Airbnb Rental Income: $null Traditional Rental Income: $2834 Airbnb ROI: N/A Traditional ROI: 6.36%
1007 Truman Avenue Owatonna, MN Step into this charming mid-century rambler offering the perfect blend of character, updat...	3 beds \| 2 baths \| 2,307 sq.ft.	$288,988	Airbnb cash on cash: 1.61% Traditional cash on cash: 6.69% Airbnb Rental Income: $1582 Traditional Rental Income: $2511 Airbnb ROI: 1.61% Traditional ROI: 6.69%

Real Estate investment in Owatonna, MN

There are 71 properties for sale in the city of Owatonna . The median list price in Owatonna is $280,282 and the average price per square foot is $137. In July 2026, the average monthly cash on cash return in Owatonna is 6.00%. The average monthly rental income in Owatonna is $2,434.

Owatonna, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 71 investment properties available for sale in Owatonna.

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

The ROI for Long-Term is higher than the Short-Term in Owatonna with average rental income of $2,434.

Your search for investment property begins and ends here

Investment Property for Sale in Owatonna, MN

1291 Bellflower Lane NE

Owatonna, MN

4 beds | 2 baths | 1,587 sq.ft.

$329,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.81%

Airbnb Rental Income: $null

Traditional Rental Income: $2272

Airbnb ROI: N/A

Traditional ROI: 4.81%

1314 Leif Avenue NW

Owatonna, MN

4 beds | 2 baths | 2,226 sq.ft.

$339,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2576

Airbnb ROI: N/A

Traditional ROI: 5.68%

225 20th Street NW

Owatonna, MN

4 beds | 2 baths | 1,991 sq.ft.

$314,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.15%

Airbnb Rental Income: $null

Traditional Rental Income: $2563

Airbnb ROI: N/A

Traditional ROI: 6.15%

116 Hobart Street

Owatonna, MN

3 beds | 2 baths | 1,158 sq.ft.

$224,900

Airbnb cash on cash: 2.77%

Traditional cash on cash: 6.48%

Airbnb Rental Income: $1582

Traditional Rental Income: $1919

Airbnb ROI: 2.77%

Traditional ROI: 6.48%

1280 Ridge Road

Owatonna, MN

4 beds | 4 baths | 3,777 sq.ft.

$519,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.63%

Airbnb Rental Income: $null

Traditional Rental Income: $3793

Airbnb ROI: N/A

Traditional ROI: 5.63%

1260 Truman Avenue

Owatonna, MN

4 beds | 3 baths | 3,343 sq.ft.

$389,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.46%

Airbnb Rental Income: $null

Traditional Rental Income: $2724

Airbnb ROI: N/A

Traditional ROI: 5.46%

341 Plainview Street

Owatonna, MN

3 beds | 2 baths | 1,692 sq.ft.

$279,900

Airbnb cash on cash: 1.91%

Traditional cash on cash: 6.43%

Airbnb Rental Income: $1582

Traditional Rental Income: $2322

Airbnb ROI: 1.91%

Traditional ROI: 6.43%

525 16th Street SW

Owatonna, MN

4 beds | 3 baths | 2,954 sq.ft.

$389,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.13%

Airbnb Rental Income: $null

Traditional Rental Income: $2804

Airbnb ROI: N/A