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
2826 Highway 61 Two Harbors, MN Cozy secluded 3-bedroom 3 bath Log home featuring wonderful views overlooking Lake Superio...	3 beds \| 3 baths \| 2,000 sq.ft.	$665,000	Airbnb cash on cash: 1.42% Traditional cash on cash: 3.22% Airbnb Rental Income: $2712 Traditional Rental Income: $3190 Airbnb ROI: 1.42% Traditional ROI: 3.22%
3387 Drummond Grade Two Harbors, MN If you are looking for seclusion and tranquility, look no further! Here is a beautiful cou...	3 beds \| 1 baths \| 2,226 sq.ft.	$459,400	Airbnb cash on cash: 3.17% Traditional cash on cash: 3.35% Airbnb Rental Income: $2712 Traditional Rental Income: $2147 Airbnb ROI: 3.17% Traditional ROI: 3.35%
528 5th Avenue Two Harbors, MN Cute newly remodeled two bedroom home in Two Harbors that is close to many ammenities. Hom...	2 beds \| 1 baths \| 830 sq.ft.	$192,500	Airbnb cash on cash: 3.92% Traditional cash on cash: 5.96% Airbnb Rental Income: $1551 Traditional Rental Income: $1477 Airbnb ROI: 3.92% Traditional ROI: 5.96%
415 15th Ave Two Harbors, MN Completely updated 3 bedroom 3 bath home. Kitchen is all new with solid surface counterto...	3 beds \| 4 baths \| 1,934 sq.ft.	$399,000	Airbnb cash on cash: 3.61% Traditional cash on cash: 6.64% Airbnb Rental Income: $2712 Traditional Rental Income: $3206 Airbnb ROI: 3.61% Traditional ROI: 6.64%
4292 Thomas Lake Road Two Harbors, MN This beautiful property is bursting with potential! Nestled on an unusually large lake lot...	4 beds \| 2 baths \| 2,900 sq.ft.	$449,900	Airbnb cash on cash: 1.6% Traditional cash on cash: 5.78% Airbnb Rental Income: $1910 Traditional Rental Income: $3164 Airbnb ROI: 1.6% Traditional ROI: 5.78%
969 Deerview Lane Two Harbors, MN AMAZING views of Lake Superior! Panoramic views both up the shore and down the shore. When...	3 beds \| 2 baths \| 3,582 sq.ft.	$1,100,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 1.32% Airbnb Rental Income: $2712 Traditional Rental Income: $3059 Airbnb ROI: 0.36% Traditional ROI: 1.32%
601 13th Ave Two Harbors, MN Corner lot! One level living, Wheelchair accessible, extra off street parking, 2 car gara...	3 beds \| 4 baths \| 2,389 sq.ft.	$299,900	Airbnb cash on cash: 5.1% Traditional cash on cash: 9.13% Airbnb Rental Income: $2712 Traditional Rental Income: $3208 Airbnb ROI: 5.1% Traditional ROI: 9.13%
1735 Highway 12 Two Harbors, MN Escape to your dream log cabin retreat in Two Harbors, Minnesota. Discover the essence of ...	5 beds \| 5 baths \| 4,070 sq.ft.	$699,500	Airbnb cash on cash: 1.05% Traditional cash on cash: 6.63% Airbnb Rental Income: $2248 Traditional Rental Income: $5321 Airbnb ROI: 1.05% Traditional ROI: 6.63%
2240 Highway 2 Two Harbors, MN WOW! 67 years! That is how long this property has been lovingly cared for by this family s...	2 beds \| 1 baths \| 758 sq.ft.	$335,000	Airbnb cash on cash: 1.74% Traditional cash on cash: 3.37% Airbnb Rental Income: $1551 Traditional Rental Income: $1617 Airbnb ROI: 1.74% Traditional ROI: 3.37%
3213 E Alger Grade Two Harbors, MN Excellent combination of historic hand-hewn timbers and the modern finishes. Original old...	2 beds \| 3 baths \| 1,970 sq.ft.	$589,900	Airbnb cash on cash: 0.3% Traditional cash on cash: 3.5% Airbnb Rental Income: $1551 Traditional Rental Income: $2869 Airbnb ROI: 0.3% Traditional ROI: 3.5%
1632 9th Ave Two Harbors, MN * Back On Market* Buyer backed out on closing day--- Bring Your Buyer Charming 3-be...	3 beds \| 1 baths \| 1,160 sq.ft.	$185,000	Airbnb cash on cash: 9.49% Traditional cash on cash: 8.17% Airbnb Rental Income: $2712 Traditional Rental Income: $1839 Airbnb ROI: 9.49% Traditional ROI: 8.17%
1928 Loop Road Two Harbors, MN This home is a must see! Situated on 10 acres with views of lake Superior is only the beg...	3 beds \| 4 baths \| 2,330 sq.ft.	$699,900	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.35% Airbnb Rental Income: $2712 Traditional Rental Income: $3154 Airbnb ROI: 1.69% Traditional ROI: 3.35%
712 8th Ave Two Harbors, MN Nice 4 bedroom house with fenced yard, off street parking, garage and a lean-too for all y...	4 beds \| 2 baths \| 1,064 sq.ft.	$239,900	Airbnb cash on cash: 4.36% Traditional cash on cash: 7.5% Airbnb Rental Income: $1910 Traditional Rental Income: $2115 Airbnb ROI: 4.36% Traditional ROI: 7.5%
1207 Christianson Lake Rd Two Harbors, MN Tucked away in a beautifully secluded setting along Minnesotaâs iconic North Shore, this...	2 beds \| 1 baths \| 1,200 sq.ft.	$389,000	Airbnb cash on cash: 1.64% Traditional cash on cash: 4.11% Airbnb Rental Income: $1551 Traditional Rental Income: $2007 Airbnb ROI: 1.64% Traditional ROI: 4.11%
6081 Murphy Lake Rd Two Harbors, MN A Northwoods cabin, COMPLETELY Renovated! Set in the Superior National Forest wilderness,...	2 beds \| N/A baths \| 960 sq.ft.	$178,000	Airbnb cash on cash: 4.36% Traditional cash on cash: 7.9% Airbnb Rental Income: $1551 Traditional Rental Income: $1703 Airbnb ROI: 4.36% Traditional ROI: 7.9%
836 7th Ave Two Harbors, MN Lovely home with hardwood floors, open wood staircase, second staircase in the back and ni...	2 beds \| 3 baths \| 1,295 sq.ft.	$299,900	Airbnb cash on cash: 2.4% Traditional cash on cash: 6.44% Airbnb Rental Income: $1551 Traditional Rental Income: $2244 Airbnb ROI: 2.4% Traditional ROI: 6.44%
886 Shoreview Heights Rd Two Harbors, MN Very well maintained 3-bedroom home with office space and a family room in the lower level...	3 beds \| 2 baths \| 1,468 sq.ft.	$419,000	Airbnb cash on cash: 3.83% Traditional cash on cash: 4.45% Airbnb Rental Income: $2712 Traditional Rental Income: $2317 Airbnb ROI: 3.83% Traditional ROI: 4.45%

Real Estate investment in Two-harbors, MN

There are 18 properties for sale in the city of Two Harbors . The median list price in Two Harbors is $394,000 and the average price per square foot is $211. In September 2025, the average monthly cash on cash return in Two Harbors is 6.00%. The average monthly rental income in Two Harbors is $2,295.

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

There are 18 investment properties available for sale in Two-harbors.

In 2025, 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 $2,295.

Your search for investment property begins and ends here

Investment Property for Sale in Two Harbors, MN

2826 Highway 61

Two Harbors, MN

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

$665,000

Airbnb cash on cash: 1.42%

Traditional cash on cash: 3.22%

Airbnb Rental Income: $2712

Traditional Rental Income: $3190

Airbnb ROI: 1.42%

Traditional ROI: 3.22%

3387 Drummond Grade

Two Harbors, MN

3 beds | 1 baths | 2,226 sq.ft.

$459,400

Airbnb cash on cash: 3.17%

Traditional cash on cash: 3.35%

Airbnb Rental Income: $2712

Traditional Rental Income: $2147

Airbnb ROI: 3.17%

Traditional ROI: 3.35%

528 5th Avenue

Two Harbors, MN

2 beds | 1 baths | 830 sq.ft.

$192,500

Airbnb cash on cash: 3.92%

Traditional cash on cash: 5.96%

Airbnb Rental Income: $1551

Traditional Rental Income: $1477

Airbnb ROI: 3.92%

Traditional ROI: 5.96%

415 15th Ave

Two Harbors, MN

3 beds | 4 baths | 1,934 sq.ft.

$399,000

Airbnb cash on cash: 3.61%

Traditional cash on cash: 6.64%

Airbnb Rental Income: $2712

Traditional Rental Income: $3206

Airbnb ROI: 3.61%

Traditional ROI: 6.64%

4292 Thomas Lake Road

Two Harbors, MN

4 beds | 2 baths | 2,900 sq.ft.

$449,900

Airbnb cash on cash: 1.6%

Traditional cash on cash: 5.78%

Airbnb Rental Income: $1910

Traditional Rental Income: $3164

Airbnb ROI: 1.6%

Traditional ROI: 5.78%

969 Deerview Lane

Two Harbors, MN

3 beds | 2 baths | 3,582 sq.ft.

$1,100,000

Airbnb cash on cash: 0.36%

Traditional cash on cash: 1.32%

Airbnb Rental Income: $2712

Traditional Rental Income: $3059

Airbnb ROI: 0.36%

Traditional ROI: 1.32%

601 13th Ave

Two Harbors, MN

3 beds | 4 baths | 2,389 sq.ft.

$299,900

Airbnb cash on cash: 5.1%

Traditional cash on cash: 9.13%

Airbnb Rental Income: $2712

Traditional Rental Income: $3208

Airbnb ROI: 5.1%

Traditional ROI: 9.13%

1735 Highway 12

Two Harbors, MN

5 beds | 5 baths | 4,070 sq.ft.

$699,500

Airbnb cash on cash: 1.05%

Traditional cash on cash: 6.63%

Airbnb Rental Income: $2248

Traditional Rental Income: $5321

Airbnb ROI: 1.05%