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
633 11th Street SE Owatonna, MN Discover the epitome of mid-century modern. With just under 4,000 finished sq ft and a lay...	4 beds \| 4 baths \| 3,933 sq.ft.	$478,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.68% Airbnb Rental Income: $null Traditional Rental Income: $3992 Airbnb ROI: N/A Traditional ROI: 6.68%
1212 S Grove Avenue Owatonna, MN Take a look at this adorable home in the heart of Owatonna. Enjoy cooking in the large eat...	3 beds \| 2 baths \| 1,380 sq.ft.	$225,000	Airbnb cash on cash: -1.38% Traditional cash on cash: 7.18% Airbnb Rental Income: $560 Traditional Rental Income: $2100 Airbnb ROI: -1.38% Traditional ROI: 7.18%
1801 Linn Drive Owatonna, MN Discover the potential in this generous 4 bed, 2 bath residence. Located in a pleasant Owa...	4 beds \| 2 baths \| 1,908 sq.ft.	$194,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.4% Airbnb Rental Income: $null Traditional Rental Income: $2466 Airbnb ROI: N/A Traditional ROI: 10.4%
873 Escalade Lane SE Owatonna, MN Patio Home - Designed for Downsizing & Senior Living! Own Your Land - Love Your Lifestyle ...	2 beds \| 2 baths \| 1,356 sq.ft.	$385,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.06% Airbnb Rental Income: $null Traditional Rental Income: $2132 Airbnb ROI: N/A Traditional ROI: 4.06%
231 E Pearl Street Owatonna, MN Charming & Updated Owatonna Home with Tons of Character and Potential Step into a perfect ...	4 beds \| 2 baths \| 1,754 sq.ft.	$209,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.67% Airbnb Rental Income: $null Traditional Rental Income: $2248 Airbnb ROI: N/A Traditional ROI: 8.67%
2460 Fox Hollow Lane Owatonna, MN Move right in to this beautifully maintained 5BR/3BA split-level in a desirable neighborho...	5 beds \| 3 baths \| 2,604 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.65% Airbnb Rental Income: $null Traditional Rental Income: $3044 Airbnb ROI: N/A Traditional ROI: 5.65%
2017 Havana Road Owatonna, MN Looking for the perfect equestrian estate? This exquisite income producing ranch will mee...	5 beds \| 5 baths \| 4,035 sq.ft.	$1,500,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.86% Airbnb Rental Income: $null Traditional Rental Income: $4743 Airbnb ROI: N/A Traditional ROI: 1.86%
5 Carriage Lane Owatonna, MN This move-in ready 2-bedroom, 1 Â¾ bathroom townhome offers 1,273 finished square feet of ...	2 beds \| 2 baths \| 1,273 sq.ft.	$224,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.96% Airbnb Rental Income: $null Traditional Rental Income: $1890 Airbnb ROI: N/A Traditional ROI: 4.96%
1859 Creekside Drive NE Owatonna, MN Experience the epitome of gracious luxury in this stunning high-end home, perfectly poised...	4 beds \| 6 baths \| 6,242 sq.ft.	$1,049,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.97% Airbnb Rental Income: $null Traditional Rental Income: $6301 Airbnb ROI: N/A Traditional ROI: 3.97%
2834 Meadowview Lane NE Owatonna, MN Beautiful New Townhome! Ready to simplify your life without compromising on style or comfo...	2 beds \| 2 baths \| 1,531 sq.ft.	$376,500	Airbnb cash on cash: N/A Traditional cash on cash: 4.82% Airbnb Rental Income: $null Traditional Rental Income: $2410 Airbnb ROI: N/A Traditional ROI: 4.82%
1816 Evergreen Place NE Owatonna, MN Charming and well maintained 2 bedroom 1 3/4 bathroom townhome! This single-level home fea...	2 beds \| 2 baths \| 1,288 sq.ft.	$290,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.58% Airbnb Rental Income: $null Traditional Rental Income: $1927 Airbnb ROI: N/A Traditional ROI: 3.58%
338 South Street Owatonna, MN Welcome to this charming two story home! Boasting three bedrooms, two and a half baths, ...	3 beds \| 3 baths \| 2,004 sq.ft.	$266,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 9.1% Airbnb Rental Income: $560 Traditional Rental Income: $2850 Airbnb ROI: -1.15% Traditional ROI: 9.1%
525 E Main Street Owatonna, MN Built in 1924, this spacious 4 bedroom, 2 1/2 bathroom residence blends historic character...	4 beds \| 3 baths \| 3,598 sq.ft.	$499,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $3157 Airbnb ROI: N/A Traditional ROI: 5.04%
1560 Gray Fox Drive NE Owatonna, MN Beautiful One Level Living! This slab on grade home features a spacious open floor plan. V...	3 beds \| 2 baths \| 1,400 sq.ft.	$379,900	Airbnb cash on cash: -0.61% Traditional cash on cash: 5.13% Airbnb Rental Income: $560 Traditional Rental Income: $2326 Airbnb ROI: -0.61% Traditional ROI: 5.13%
1325 Mineral Spgs Road Owatonna, MN This exceptional 5BD/5BA estate offers a unique blend of privacy, luxury, and modern desig...	5 beds \| 5 baths \| 6,114 sq.ft.	$759,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.79% Airbnb Rental Income: $null Traditional Rental Income: $5171 Airbnb ROI: N/A Traditional ROI: 4.79%
1808 Creekside Drive NE Owatonna, MN Beautiful and well-maintained 5 bedroom, 3 bathroom home with 3,200 finished square feet! ...	5 beds \| 3 baths \| 3,200 sq.ft.	$565,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.39% Airbnb Rental Income: $null Traditional Rental Income: $3092 Airbnb ROI: N/A Traditional ROI: 3.39%
604 S Elm Avenue Owatonna, MN This 4-bedroom, 3-bath home combines historic charm with modern updates. Inside, youâll ...	4 beds \| 3 baths \| 2,684 sq.ft.	$314,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.37% Airbnb Rental Income: $null Traditional Rental Income: $3229 Airbnb ROI: N/A Traditional ROI: 8.37%
240 South Street Owatonna, MN In the heart of Owatonna, this homes timeless charm has been beautifully maintained. A two...	3 beds \| 2 baths \| 2,737 sq.ft.	$279,900	Airbnb cash on cash: -1.82% Traditional cash on cash: 6.98% Airbnb Rental Income: $560 Traditional Rental Income: $2598 Airbnb ROI: -1.82% Traditional ROI: 6.98%
1120 Esther Lane Owatonna, MN Pride of ownership shows in this five bedroom, four bath, one owner home. The main floor o...	5 beds \| 4 baths \| 3,334 sq.ft.	$489,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.74% Airbnb Rental Income: $null Traditional Rental Income: $3818 Airbnb ROI: N/A Traditional ROI: 5.74%
248 E School Street Owatonna, MN Discover this charming Craftsman-style home recently updated to blend timeless character w...	3 beds \| 2 baths \| 1,673 sq.ft.	$274,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 6.52% Airbnb Rental Income: $560 Traditional Rental Income: $2331 Airbnb ROI: -1.43% Traditional ROI: 6.52%
819 S Cedar Avenue Owatonna, MN This two-story home includes 4 bedrooms and 2 bathrooms, with 2 bedrooms and 1 bathroom on...	4 beds \| 2 baths \| 1,841 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.22% Airbnb Rental Income: $null Traditional Rental Income: $2447 Airbnb ROI: N/A Traditional ROI: 9.22%
140 Cedar Cove Lane Owatonna, MN Enjoy easy, low-maintenance living in Cedar Cove! This 2-bedroom, 2-bath split-level townh...	2 beds \| 2 baths \| 1,613 sq.ft.	$237,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $2208 Airbnb ROI: N/A Traditional ROI: 6.21%
2882 Meadowview Lane NE Owatonna, MN Immaculate Zero-Entry Townhome! This just like new 2 bedroom 2 bath single-level living ho...	2 beds \| 2 baths \| 1,511 sq.ft.	$352,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.11% Airbnb Rental Income: $null Traditional Rental Income: $2415 Airbnb ROI: N/A Traditional ROI: 4.11%
3309 98th Street SE Owatonna, MN Nestled just outside of Owatonna, this exceptional home offers the perfect blend of space,...	3 beds \| 2 baths \| 1,568 sq.ft.	$285,000	Airbnb cash on cash: -1.36% Traditional cash on cash: 6% Airbnb Rental Income: $560 Traditional Rental Income: $2255 Airbnb ROI: -1.36% Traditional ROI: 6%
116 Selby Avenue Owatonna, MN Spacious bi-level split conveniently located in Owatonna, MNâ Welcome to 116 Selby Ave. ...	4 beds \| 2 baths \| 2,696 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.17% Airbnb Rental Income: $null Traditional Rental Income: $2782 Airbnb ROI: N/A Traditional ROI: 7.17%
1530 E Rose Street Owatonna, MN Picturesque views, wonderfully convenient, and plenty of space! This lovely townhome is j...	3 beds \| 3 baths \| 2,379 sq.ft.	$325,000	Airbnb cash on cash: -2.94% Traditional cash on cash: 5.29% Airbnb Rental Income: $560 Traditional Rental Income: $2791 Airbnb ROI: -2.94% Traditional ROI: 5.29%
1299 Bellflower Lane NE Owatonna, MN This is not your typical layout! A unique 2-story home featuring a spacious wrap-around fr...	3 beds \| 4 baths \| 2,880 sq.ft.	$374,900	Airbnb cash on cash: -2% Traditional cash on cash: 6.41% Airbnb Rental Income: $560 Traditional Rental Income: $3236 Airbnb ROI: -2% Traditional ROI: 6.41%
228 13th Street SW Owatonna, MN Charming and spacious 3 bedroom, 1 3/4 bathroom rambler located in the southwest side of O...	3 beds \| 2 baths \| 2,372 sq.ft.	$249,900	Airbnb cash on cash: -1.46% Traditional cash on cash: 8.26% Airbnb Rental Income: $560 Traditional Rental Income: $2571 Airbnb ROI: -1.46% Traditional ROI: 8.26%
203 E Mckinley Street Owatonna, MN This home has been in the same family for decades! Be the next one to start your own legac...	3 beds \| 1 baths \| 1,547 sq.ft.	$175,000	Airbnb cash on cash: -1.27% Traditional cash on cash: 7.49% Airbnb Rental Income: $560 Traditional Rental Income: $1738 Airbnb ROI: -1.27% Traditional ROI: 7.49%
1515 3rd Avenue NE Owatonna, MN This charming 4 bedroom, 2 bathroom home is perfectly situated in a peaceful neighborhood ...	4 beds \| 2 baths \| 2,149 sq.ft.	$345,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2619 Airbnb ROI: N/A Traditional ROI: 5.75%
360 Thomas Avenue Owatonna, MN A particularly special beauty. Gorgeous landscaping envelops and invites you to explore th...	4 beds \| 2 baths \| 1,939 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.24% Airbnb Rental Income: $null Traditional Rental Income: $2546 Airbnb ROI: N/A Traditional ROI: 6.24%

Real Estate investment in Owatonna, MN

There are 86 properties for sale in the city of Owatonna . The median list price in Owatonna is $289,950 and the average price per square foot is $142. In October 2025, the average monthly cash on cash return in Owatonna is 6.00%. The average monthly rental income in Owatonna is $2,456.

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

There are 86 investment properties available for sale in Owatonna.

In 2025, 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 $2,456.

Your search for investment property begins and ends here

Investment Property for Sale in Owatonna, MN

633 11th Street SE

Owatonna, MN

4 beds | 4 baths | 3,933 sq.ft.

$478,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.68%

Airbnb Rental Income: $null

Traditional Rental Income: $3992

Airbnb ROI: N/A

Traditional ROI: 6.68%

1212 S Grove Avenue

Owatonna, MN

3 beds | 2 baths | 1,380 sq.ft.

$225,000

Airbnb cash on cash: -1.38%

Traditional cash on cash: 7.18%

Airbnb Rental Income: $560

Traditional Rental Income: $2100

Airbnb ROI: -1.38%

Traditional ROI: 7.18%

1801 Linn Drive

Owatonna, MN

4 beds | 2 baths | 1,908 sq.ft.

$194,900

Airbnb cash on cash: N/A

Traditional cash on cash: 10.4%

Airbnb Rental Income: $null

Traditional Rental Income: $2466

Airbnb ROI: N/A

Traditional ROI: 10.4%

873 Escalade Lane SE

Owatonna, MN

2 beds | 2 baths | 1,356 sq.ft.

$385,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.06%

Airbnb Rental Income: $null

Traditional Rental Income: $2132

Airbnb ROI: N/A

Traditional ROI: 4.06%

231 E Pearl Street

Owatonna, MN

4 beds | 2 baths | 1,754 sq.ft.

$209,900

Airbnb cash on cash: N/A

Traditional cash on cash: 8.67%

Airbnb Rental Income: $null

Traditional Rental Income: $2248

Airbnb ROI: N/A

Traditional ROI: 8.67%

2460 Fox Hollow Lane

Owatonna, MN

5 beds | 3 baths | 2,604 sq.ft.

$399,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.65%

Airbnb Rental Income: $null

Traditional Rental Income: $3044

Airbnb ROI: N/A

Traditional ROI: 5.65%

2017 Havana Road

Owatonna, MN

5 beds | 5 baths | 4,035 sq.ft.

$1,500,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.86%

Airbnb Rental Income: $null

Traditional Rental Income: $4743

Airbnb ROI: N/A

Traditional ROI: 1.86%

5 Carriage Lane

Owatonna, MN

2 beds | 2 baths | 1,273 sq.ft.

$224,500

Airbnb cash on cash: N/A

Traditional cash on cash: 4.96%

Airbnb Rental Income: $null

Traditional Rental Income: $1890

Airbnb ROI: N/A