Real Estate Investment Properties for Sale in Two Harbors, MN

Looking for investment property in Two Harbors, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3437 Blueberry Hill Rd Two Harbors, MN Unique opportunity to own 1040 acres nestled between two state parks on the north shore. ...	N/A beds \| N/A baths \| N/A	$2,250,000	Airbnb cash on cash: -0.76% Traditional cash on cash: -0.26% Airbnb Rental Income: $1742 Traditional Rental Income: $2309 Airbnb ROI: -0.76% Traditional ROI: -0.26%
2826 Highway 61 #460 Two Harbors, MN Experience the best of North Shore living with this rare opportunity to own an entire side...	3 beds \| 3 baths \| 2,000 sq.ft.	$640,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -0.04% Airbnb Rental Income: $2316 Traditional Rental Income: $3190 Airbnb ROI: -2.47% Traditional ROI: -0.04%
2472 Cliff View Cr Two Harbors, MN Stunning views of the north woods and the majestic Lake Superior. This is a unique situat...	3 beds \| 4 baths \| 3,884 sq.ft.	$845,000	Airbnb cash on cash: 0.41% Traditional cash on cash: 3.12% Airbnb Rental Income: $2316 Traditional Rental Income: $3880 Airbnb ROI: 0.41% Traditional ROI: 3.12%
520 7th Ave Two Harbors, MN Are you looking to add a vacation rental to your investment portfolio? Here is a rare oppo...	3 beds \| 2 baths \| 1,352 sq.ft.	$344,900	Airbnb cash on cash: 3.33% Traditional cash on cash: 3.39% Airbnb Rental Income: $2316 Traditional Rental Income: $1763 Airbnb ROI: 3.33% Traditional ROI: 3.39%
301 8th St Two Harbors, MN The old historic charm brought to life in this well cared for home. A lot of space in thi...	4 beds \| 2 baths \| 2,210 sq.ft.	$287,500	Airbnb cash on cash: -0.27% Traditional cash on cash: 7.43% Airbnb Rental Income: $991 Traditional Rental Income: $2722 Airbnb ROI: -0.27% Traditional ROI: 7.43%
411 4th Ave Two Harbors, MN New Construction! Very nice 3 bedroom home with full bath, bedroom and laundry on the mai...	3 beds \| 2 baths \| 1,904 sq.ft.	$358,800	Airbnb cash on cash: 3.81% Traditional cash on cash: 6.65% Airbnb Rental Income: $2316 Traditional Rental Income: $2698 Airbnb ROI: 3.81% Traditional ROI: 6.65%
1774 Highway 2 Two Harbors, MN Recently updated to include an additional 20 acres for a total of 30 acres, this property ...	4 beds \| 4 baths \| 3,360 sq.ft.	$1,150,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 2.58% Airbnb Rental Income: $991 Traditional Rental Income: $4386 Airbnb ROI: -0.92% Traditional ROI: 2.58%
540 Old North Shore Rd Two Harbors, MN 540 Old North Shore Rd, Two Harbors, MN 55616 \| Condo/Coop	N/A beds \| 1 baths \| 327 sq.ft.	$235,000	Airbnb cash on cash: 0.15% Traditional cash on cash: -1.09% Airbnb Rental Income: $1742 Traditional Rental Income: $987 Airbnb ROI: 0.15% Traditional ROI: -1.09%
1412 #5-507a Burlington Rd Two Harbors, MN 1412 #5-507a Burlington Rd, Two Harbors, MN 55616 \| Condo/Coop	2 beds \| 2 baths \| 1,250 sq.ft.	$509,000	Airbnb cash on cash: -2.04% Traditional cash on cash: -0.17% Airbnb Rental Income: $1380 Traditional Rental Income: $1851 Airbnb ROI: -2.04% Traditional ROI: -0.17%
446 Stewart Lake Rd Two Harbors, MN 446 Stewart Lake Rd, Two Harbors, MN 55616 \| Other	N/A beds \| N/A baths \| N/A	$1,190,000	Airbnb cash on cash: -1.06% Traditional cash on cash: -1.5% Airbnb Rental Income: $1742 Traditional Rental Income: $776 Airbnb ROI: -1.06% Traditional ROI: -1.5%
601 12th Ave Two Harbors, MN OPEN HOUSE - SATURDAY, MAY 2ND FROM 3 TO 4:30 PM Welcome to the neighborhood, and enjo...	3 beds \| 2 baths \| 2,183 sq.ft.	$254,900	Airbnb cash on cash: 4.91% Traditional cash on cash: 8.47% Airbnb Rental Income: $2316 Traditional Rental Income: $2598 Airbnb ROI: 4.91% Traditional ROI: 8.47%
2437 Hwy 3 Two Harbors, MN This is a unique rural property with a secluded feel, a large yard, a creek, and a pond hi...	3 beds \| 1 baths \| 2,317 sq.ft.	$489,000	Airbnb cash on cash: 1.76% Traditional cash on cash: 2.11% Airbnb Rental Income: $2316 Traditional Rental Income: $1904 Airbnb ROI: 1.76% Traditional ROI: 2.11%
540-4 Old North Shore Rd #Cabin 4 Share 2 Two Harbors, MN 540-4 Old North Shore Rd #Cabin 4 Share 2, Two Harbors, MN 55616 \| Condo/Coop	1 beds \| 1 baths \| 541 sq.ft.	$240,000	Airbnb cash on cash: -2.96% Traditional cash on cash: -0.86% Airbnb Rental Income: $1126 Traditional Rental Income: $1225 Airbnb ROI: -2.96% Traditional ROI: -0.86%
4-540 Old North Shore Rd #Cabin 4 Share 4 Two Harbors, MN 4-540 Old North Shore Rd #Cabin 4 Share 4, Two Harbors, MN 55616 \| Condo/Coop	1 beds \| 1 baths \| 541 sq.ft.	$240,000	Airbnb cash on cash: -2.96% Traditional cash on cash: -0.87% Airbnb Rental Income: $1126 Traditional Rental Income: $1222 Airbnb ROI: -2.96% Traditional ROI: -0.87%
2472 Cliff View Cir Two Harbors, MN 2472 Cliff View Cir, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 3 baths \| 5,784 sq.ft.	$845,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 1.31% Airbnb Rental Income: $2316 Traditional Rental Income: $3006 Airbnb ROI: -0.3% Traditional ROI: 1.31%
2826 Highway 61 #505 Two Harbors, MN 2826 Highway 61 #505, Two Harbors, MN 55616 \| Condo/Coop	2 beds \| 2 baths \| 936 sq.ft.	$399,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 0.68% Airbnb Rental Income: $1380 Traditional Rental Income: $2139 Airbnb ROI: -2.47% Traditional ROI: 0.68%
2472 Cliff View Circle Two Harbors, MN Stunning views of the north woods and the majestic Lake Superior. This is a unique situati...	3 beds \| 4 baths \| 5,784 sq.ft.	$845,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.95% Airbnb Rental Income: $2316 Traditional Rental Income: $3200 Airbnb ROI: 0.1% Traditional ROI: 1.95%
2428 Hwy 3 Two Harbors, MN 2428 Hwy 3, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 2,700 sq.ft.	$389,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 4.25% Airbnb Rental Income: $2316 Traditional Rental Income: $2418 Airbnb ROI: 2.4% Traditional ROI: 4.25%
1412 #3-401a Burlington Rd Two Harbors, MN 1412 #3-401a Burlington Rd, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 3 baths \| 1,700 sq.ft.	$589,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 0.33% Airbnb Rental Income: $2316 Traditional Rental Income: $2434 Airbnb ROI: -0.93% Traditional ROI: 0.33%
2826 Highway 61 Two Harbors, MN Experience the best of North Shore living with this rare opportunity to own an entire side...	3 beds \| 3 baths \| 2,000 sq.ft.	$640,000	Airbnb cash on cash: -2.72% Traditional cash on cash: -0.26% Airbnb Rental Income: $2316 Traditional Rental Income: $3214 Airbnb ROI: -2.72% Traditional ROI: -0.26%
2911 Clark Rd Two Harbors, MN 2911 Clark Rd, Two Harbors, MN 55616 \| Other	N/A beds \| N/A baths \| N/A	$269,900	Airbnb cash on cash: 2.49% Traditional cash on cash: 0.93% Airbnb Rental Income: $1742 Traditional Rental Income: $866 Airbnb ROI: 2.49% Traditional ROI: 0.93%
2826 Highway 61 #502 Two Harbors, MN 2826 Highway 61 #502, Two Harbors, MN 55616 \| Single Family Residential	2 beds \| 1 baths \| 912 sq.ft.	$399,000	Airbnb cash on cash: -2.47% Traditional cash on cash: -1.5% Airbnb Rental Income: $1380 Traditional Rental Income: $1324 Airbnb ROI: -2.47% Traditional ROI: -1.5%
839 Loon Rd Two Harbors, MN 839 Loon Rd, Two Harbors, MN 55616 \| Single Family Residential	N/A beds \| N/A baths \| 320 sq.ft.	$172,500	Airbnb cash on cash: 5.01% Traditional cash on cash: 3.8% Airbnb Rental Income: $1742 Traditional Rental Income: $1063 Airbnb ROI: 5.01% Traditional ROI: 3.8%
2826 Highway 61 #410A Two Harbors, MN 2826 Highway 61 #410A, Two Harbors, MN 55616 \| Condo/Coop	3 beds \| 3 baths \| 2,000 sq.ft.	$660,000	Airbnb cash on cash: -3.04% Traditional cash on cash: -1.44% Airbnb Rental Income: $2316 Traditional Rental Income: $2722 Airbnb ROI: -3.04% Traditional ROI: -1.44%
2826 Highway 61 #425 Two Harbors, MN 2826 Highway 61 #425, Two Harbors, MN 55616 \| Condo/Coop	3 beds \| 3 baths \| 2,000 sq.ft.	$655,000	Airbnb cash on cash: -2.79% Traditional cash on cash: -1.05% Airbnb Rental Income: $2316 Traditional Rental Income: $2807 Airbnb ROI: -2.79% Traditional ROI: -1.05%
4598 McAlpine Spur Rd Two Harbors, MN Life unfolds differently on 40 acres in the Northwoods-wildlife & privacy, the space invit...	4 beds \| 3 baths \| 2,795 sq.ft.	$578,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 4.54% Airbnb Rental Income: $991 Traditional Rental Income: $3361 Airbnb ROI: -0.5% Traditional ROI: 4.54%
596 Larsmont Way #315-2 Two Harbors, MN 596 Larsmont Way #315-2, Two Harbors, MN 55616 \| Townhouse	2 beds \| 2 baths \| 1,293 sq.ft.	$349,000	Airbnb cash on cash: -2.3% Traditional cash on cash: 0.17% Airbnb Rental Income: $1380 Traditional Rental Income: $1770 Airbnb ROI: -2.3% Traditional ROI: 0.17%
2202 Fors Rd Two Harbors, MN 2202 Fors Rd, Two Harbors, MN 55616 \| Single Family Residential	2 beds \| 2 baths \| 1,078 sq.ft.	$165,000	Airbnb cash on cash: 3.41% Traditional cash on cash: 7.81% Airbnb Rental Income: $1380 Traditional Rental Income: $1653 Airbnb ROI: 3.41% Traditional ROI: 7.81%
718 6th Ave Two Harbors, MN 718 6th Ave, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 1,663 sq.ft.	$320,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 5.05% Airbnb Rental Income: $2316 Traditional Rental Income: $2247 Airbnb ROI: 3.37% Traditional ROI: 5.05%
596 Larsmont Way #315 Two Harbors, MN 596 Larsmont Way #315, Two Harbors, MN 55616 \| Condo/Coop	2 beds \| 2 baths \| 1,293 sq.ft.	$349,000	Airbnb cash on cash: -2.3% Traditional cash on cash: 0.02% Airbnb Rental Income: $1380 Traditional Rental Income: $1719 Airbnb ROI: -2.3% Traditional ROI: 0.02%

Real Estate investment in Two-harbors, MN

There are 31 properties for sale in the city of Two Harbors . The median list price in Two Harbors is $287,500 and the average price per square foot is $163. In May 2026, the average monthly cash on cash return in Two Harbors is 2.00%. The average monthly rental income in Two Harbors is $1,871.

Two-harbors, MN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 31 investment properties available for sale in Two-harbors.

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

The ROI for Long-Term is higher than the Short-Term in Two-harbors with average rental income of $1,871.

Your search for investment property begins and ends here

Investment Property for Sale in Two Harbors, MN

3437 Blueberry Hill Rd

Two Harbors, MN

N/A beds | N/A baths | N/A

$2,250,000

Airbnb cash on cash: -0.76%

Traditional cash on cash: -0.26%

Airbnb Rental Income: $1742

Traditional Rental Income: $2309

Airbnb ROI: -0.76%

Traditional ROI: -0.26%

2826 Highway 61 #460

Two Harbors, MN

3 beds | 3 baths | 2,000 sq.ft.

$640,000

Airbnb cash on cash: -2.47%

Traditional cash on cash: -0.04%

Airbnb Rental Income: $2316

Traditional Rental Income: $3190

Airbnb ROI: -2.47%

Traditional ROI: -0.04%

2472 Cliff View Cr

Two Harbors, MN

3 beds | 4 baths | 3,884 sq.ft.

$845,000

Airbnb cash on cash: 0.41%

Traditional cash on cash: 3.12%

Airbnb Rental Income: $2316

Traditional Rental Income: $3880

Airbnb ROI: 0.41%

Traditional ROI: 3.12%

520 7th Ave

Two Harbors, MN

3 beds | 2 baths | 1,352 sq.ft.

$344,900

Airbnb cash on cash: 3.33%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $2316

Traditional Rental Income: $1763

Airbnb ROI: 3.33%

Traditional ROI: 3.39%

301 8th St

Two Harbors, MN

4 beds | 2 baths | 2,210 sq.ft.

$287,500

Airbnb cash on cash: -0.27%

Traditional cash on cash: 7.43%

Airbnb Rental Income: $991

Traditional Rental Income: $2722

Airbnb ROI: -0.27%

Traditional ROI: 7.43%

411 4th Ave

Two Harbors, MN

3 beds | 2 baths | 1,904 sq.ft.

$358,800

Airbnb cash on cash: 3.81%

Traditional cash on cash: 6.65%

Airbnb Rental Income: $2316

Traditional Rental Income: $2698

Airbnb ROI: 3.81%

Traditional ROI: 6.65%

1774 Highway 2

Two Harbors, MN

4 beds | 4 baths | 3,360 sq.ft.

$1,150,000

Airbnb cash on cash: -0.92%

Traditional cash on cash: 2.58%

Airbnb Rental Income: $991

Traditional Rental Income: $4386

Airbnb ROI: -0.92%

Traditional ROI: 2.58%

540 Old North Shore Rd

Two Harbors, MN

N/A beds | 1 baths | 327 sq.ft.

$235,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: -1.09%

Airbnb Rental Income: $1742

Traditional Rental Income: $987

Airbnb ROI: 0.15%