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

separator

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: -0.64% Traditional cash on cash: -0.26% Airbnb Rental Income: $2056 Traditional Rental Income: $2309 Airbnb ROI: -0.64% 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.	$608,000	Airbnb cash on cash: -1.06% Traditional cash on cash: 0.01% Airbnb Rental Income: $3329 Traditional Rental Income: $3190 Airbnb ROI: -1.06% Traditional ROI: 0.01%
2472 Cliff View Cr Two Harbors, MN Set among a pristine canopy of spruce, cedar, and white pines, this exceptional North Shor...	3 beds \| 4 baths \| 2,960 sq.ft.	$750,000	Airbnb cash on cash: 1.79% Traditional cash on cash: 3.64% Airbnb Rental Income: $3329 Traditional Rental Income: $3880 Airbnb ROI: 1.79% Traditional ROI: 3.64%
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.	$339,000	Airbnb cash on cash: 6.05% Traditional cash on cash: 3.47% Airbnb Rental Income: $3329 Traditional Rental Income: $1763 Airbnb ROI: 6.05% Traditional ROI: 3.47%
621 3rd Ave Two Harbors, MN Duplex in downtown Two Harbors. Three-bedroom, three bath on main level and one-bedroom, ...	4 beds \| N/A baths \| 2,473 sq.ft.	$455,900	Airbnb cash on cash: 4.4% Traditional cash on cash: 3.37% Airbnb Rental Income: $3329 Traditional Rental Income: $2147 Airbnb ROI: 4.4% Traditional ROI: 3.37%
1317 Shoreview Rd Two Harbors, MN Wonderful country living close to town! Peak-a-boo views of Lake Superior from the yard an...	3 beds \| 2 baths \| 2,249 sq.ft.	$395,000	Airbnb cash on cash: 5.37% Traditional cash on cash: 5.31% Airbnb Rental Income: $3329 Traditional Rental Income: $2560 Airbnb ROI: 5.37% Traditional ROI: 5.31%
878 Old North Shore Rd Two Harbors, MN A fairytale property & it can be yours! You have an income opportunity with an AIRBNB/shor...	4 beds \| 4 baths \| 4,726 sq.ft.	$995,000	Airbnb cash on cash: 0.36% Traditional cash on cash: 2.34% Airbnb Rental Income: $2422 Traditional Rental Income: $3659 Airbnb ROI: 0.36% Traditional ROI: 2.34%
1801 20th Ave Two Harbors, MN Nestled on 10 breathtaking private acres, this extraordinary 3,200 sq. ft. estate offers t...	4 beds \| 4 baths \| 3,130 sq.ft.	$899,900	Airbnb cash on cash: 0.48% Traditional cash on cash: 2.74% Airbnb Rental Income: $2422 Traditional Rental Income: $3726 Airbnb ROI: 0.48% Traditional ROI: 2.74%
540 Old North Shore Rd #Cabin 5 Share 1 Two Harbors, MN Interval ownership of a fully renovated (2017) stand-alone cabin on Lake Superior. 1/4 sh...	N/A beds \| 1 baths \| 327 sq.ft.	$209,000	Airbnb cash on cash: 1.75% Traditional cash on cash: -0.3% Airbnb Rental Income: $2056 Traditional Rental Income: $1118 Airbnb ROI: 1.75% Traditional ROI: -0.3%
819 6th Ave Two Harbors, MN Pride of ownership throughout this three-bedroom home on a dead end street. Many recent i...	3 beds \| 1 baths \| 1,527 sq.ft.	$290,000	Airbnb cash on cash: 7.57% Traditional cash on cash: 6.48% Airbnb Rental Income: $3329 Traditional Rental Income: $2286 Airbnb ROI: 7.57% Traditional ROI: 6.48%
1735 Highway 12 Two Harbors, MN Escape to your dream log cabin retreat in Two Harbors, Minnesota. Discover the essence of ...	5 beds \| 4 baths \| 4,070 sq.ft.	$639,900	Airbnb cash on cash: 1.29% Traditional cash on cash: 7.1% Airbnb Rental Income: $2445 Traditional Rental Income: $5321 Airbnb ROI: 1.29% Traditional ROI: 7.1%
1690 Highway 61 Two Harbors, MN Lake Superior opportunity awaits! Own your little slice of heaven on the North Shore. 2 be...	2 beds \| 1 baths \| 1,605 sq.ft.	$899,000	Airbnb cash on cash: 0.89% Traditional cash on cash: 0.88% Airbnb Rental Income: $2707 Traditional Rental Income: $2054 Airbnb ROI: 0.89% Traditional ROI: 0.88%
411 4th Ave Two Harbors, MN New Construction! Very nice 3 bedroom home with full bath, bedroom and laundry on the main...	3 beds \| 2 baths \| 1,904 sq.ft.	$339,800	Airbnb cash on cash: 6.72% Traditional cash on cash: 7.07% Airbnb Rental Income: $3329 Traditional Rental Income: $2698 Airbnb ROI: 6.72% Traditional ROI: 7.07%
1774 Highway 2 Two Harbors, MN 30 acers! 700+ feet of frontage on the Little Stewart River! Distant Lake Superior Views! ...	4 beds \| 3 baths \| 3,360 sq.ft.	$999,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 3.12% Airbnb Rental Income: $2422 Traditional Rental Income: $4386 Airbnb ROI: 0.37% Traditional ROI: 3.12%
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: 0.29% Traditional cash on cash: -0.17% Airbnb Rental Income: $2707 Traditional Rental Income: $1851 Airbnb ROI: 0.29% 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: -0.82% Traditional cash on cash: -1.5% Airbnb Rental Income: $2056 Traditional Rental Income: $776 Airbnb ROI: -0.82% Traditional ROI: -1.5%
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.	$449,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 2.38% Airbnb Rental Income: $3329 Traditional Rental Income: $1904 Airbnb ROI: 4.01% Traditional ROI: 2.38%
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: 2.37% Traditional cash on cash: -0.86% Airbnb Rental Income: $2577 Traditional Rental Income: $1225 Airbnb ROI: 2.37% 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: 2.37% Traditional cash on cash: -0.87% Airbnb Rental Income: $2577 Traditional Rental Income: $1222 Airbnb ROI: 2.37% 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 \| 2,960 sq.ft.	$750,000	Airbnb cash on cash: 1.13% Traditional cash on cash: 1.74% Airbnb Rental Income: $3329 Traditional Rental Income: $3006 Airbnb ROI: 1.13% Traditional ROI: 1.74%
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: 0.49% Traditional cash on cash: 0.68% Airbnb Rental Income: $2707 Traditional Rental Income: $2139 Airbnb ROI: 0.49% Traditional ROI: 0.68%
2472 Cliff View Circle Two Harbors, MN Set among a pristine canopy of spruce, cedar, and white pines, this exceptional North Shor...	3 beds \| 4 baths \| 2,960 sq.ft.	$795,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.14% Airbnb Rental Income: $3329 Traditional Rental Income: $3200 Airbnb ROI: 1.31% Traditional ROI: 2.14%
2428 Hwy 3 Two Harbors, MN 2428 Hwy 3, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 2,700 sq.ft.	$359,900	Airbnb cash on cash: 5.27% Traditional cash on cash: 4.77% Airbnb Rental Income: $3329 Traditional Rental Income: $2418 Airbnb ROI: 5.27% Traditional ROI: 4.77%
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: 0.6% Traditional cash on cash: 0.33% Airbnb Rental Income: $3329 Traditional Rental Income: $2434 Airbnb ROI: 0.6% Traditional ROI: 0.33%
XXX Hwy 12 Two Harbors, MN XXX Hwy 12, Two Harbors, MN 55616 \| Other	N/A beds \| N/A baths \| N/A	$149,000	Airbnb cash on cash: 7.94% Traditional cash on cash: 3.32% Airbnb Rental Income: $2056 Traditional Rental Income: $866 Airbnb ROI: 7.94% Traditional ROI: 3.32%
2911 Clark Rd Two Harbors, MN 2911 Clark Rd, Two Harbors, MN 55616 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: 3.96% Traditional cash on cash: 1.17% Airbnb Rental Income: $2056 Traditional Rental Income: $866 Airbnb ROI: 3.96% Traditional ROI: 1.17%
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: 0.49% Traditional cash on cash: -1.5% Airbnb Rental Income: $2707 Traditional Rental Income: $1324 Airbnb ROI: 0.49% 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: 6.6% Traditional cash on cash: 3.8% Airbnb Rental Income: $2056 Traditional Rental Income: $1063 Airbnb ROI: 6.6% Traditional ROI: 3.8%
2826 Highway 61 #410A Two Harbors, MN Cozy and secluded 3-bedroom, 3-bath log home with stunning views overlooking Lake Superior...	3 beds \| 3 baths \| 2,000 sq.ft.	$550,000	Airbnb cash on cash: -1.06% Traditional cash on cash: -0.79% Airbnb Rental Income: $3329 Traditional Rental Income: $2722 Airbnb ROI: -1.06% Traditional ROI: -0.79%
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.	$640,000	Airbnb cash on cash: -1.4% Traditional cash on cash: -1.03% Airbnb Rental Income: $3329 Traditional Rental Income: $2807 Airbnb ROI: -1.4% Traditional ROI: -1.03%
4598 Mcalpine Spur Rd Two Harbors, MN Life unfolds differently on 40 acres in the Northwoods-wildlife & privacy, the space invit...	4 beds \| 2 baths \| 2,795 sq.ft.	$550,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 4.82% Airbnb Rental Income: $2422 Traditional Rental Income: $3361 Airbnb ROI: 1.84% Traditional ROI: 4.82%
3-540 Old North Shore Rd #Cabin 3 Share 4 Two Harbors, MN 3-540 Old North Shore Rd #Cabin 3 Share 4, Two Harbors, MN 55616 \| Condo/Coop	2 beds \| 1 baths \| 541 sq.ft.	$269,000	Airbnb cash on cash: 2.17% Traditional cash on cash: -0.94% Airbnb Rental Income: $2707 Traditional Rental Income: $1278 Airbnb ROI: 2.17% Traditional ROI: -0.94%
1215 Airport Rd Two Harbors, MN 1215 Airport Rd, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 1,550 sq.ft.	$549,900	Airbnb cash on cash: 2.74% Traditional cash on cash: 2.41% Airbnb Rental Income: $3329 Traditional Rental Income: $2418 Airbnb ROI: 2.74% Traditional ROI: 2.41%
1690 Two Harbors Rd Two Harbors, MN Tucked away in the peaceful beauty of Northern Minnesota, this 20-acre property offers the...	1 beds \| 1 baths \| 864 sq.ft.	$274,900	Airbnb cash on cash: 6.17% Traditional cash on cash: 4.94% Airbnb Rental Income: $2577 Traditional Rental Income: $1638 Airbnb ROI: 6.17% Traditional ROI: 4.94%
2826 Highway 61 #400 Two Harbors, MN 2826 Highway 61 #400, Two Harbors, MN 55616 \| Condo/Coop	4 beds \| 4 baths \| 2,610 sq.ft.	$775,000	Airbnb cash on cash: -2.51% Traditional cash on cash: -0.86% Airbnb Rental Income: $2422 Traditional Rental Income: $3021 Airbnb ROI: -2.51% Traditional ROI: -0.86%
5274 Marble Lake Rd Two Harbors, MN 5274 Marble Lake Rd, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 2,640 sq.ft.	$750,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 1.69% Airbnb Rental Income: $3329 Traditional Rental Income: $2749 Airbnb ROI: 1.45% Traditional ROI: 1.69%
1305 Harbor Hills Dr Two Harbors, MN Located in the highly sought-after Harbor Hills neighborhood, this stunning 4-bedroom, 3.5...	4 beds \| 3 baths \| 3,451 sq.ft.	$624,900	Airbnb cash on cash: 0.77% Traditional cash on cash: 2.65% Airbnb Rental Income: $2422 Traditional Rental Income: $2922 Airbnb ROI: 0.77% Traditional ROI: 2.65%
2060 Highway 2 Two Harbors, MN 2060 Highway 2, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 1,888 sq.ft.	$479,000	Airbnb cash on cash: 3.45% Traditional cash on cash: 3.69% Airbnb Rental Income: $3329 Traditional Rental Income: $2692 Airbnb ROI: 3.45% Traditional ROI: 3.69%
402 10th Ave Two Harbors, MN Nice 2 bedroom 2+ bath house on a large corner lot with a partially fenced back yard and a...	2 beds \| 1 baths \| 1,878 sq.ft.	$230,000	Airbnb cash on cash: 7.27% Traditional cash on cash: 8.76% Airbnb Rental Income: $2707 Traditional Rental Income: $2391 Airbnb ROI: 7.27% Traditional ROI: 8.76%
809 Scenic Dr Two Harbors, MN Enjoy North Shore country living and in this immaculate 3+ bedroom home, conveniently loca...	3 beds \| 2 baths \| 1,728 sq.ft.	$299,900	Airbnb cash on cash: 7.61% Traditional cash on cash: 7.03% Airbnb Rental Income: $3329 Traditional Rental Income: $2423 Airbnb ROI: 7.61% Traditional ROI: 7.03%

Real Estate investment in Two-harbors, MN

There are 56 properties for sale in the city of Two Harbors . The median list price in Two Harbors is $272,337 and the average price per square foot is $155. In August 2026, the average monthly cash on cash return in Two Harbors is 2.00%. The average monthly rental income in Two Harbors is $2,054.

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

There are 56 investment properties available for sale in Two-harbors.

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

The ROI for Short-Term is higher than the Long-Term in Two-harbors with average rental income of $2,707.

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: -0.64%

Traditional cash on cash: -0.26%

Airbnb Rental Income: $2056

Traditional Rental Income: $2309

Airbnb ROI: -0.64%

Traditional ROI: -0.26%

2826 Highway 61 #460

Two Harbors, MN

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

$608,000

Airbnb cash on cash: -1.06%

Traditional cash on cash: 0.01%

Airbnb Rental Income: $3329

Traditional Rental Income: $3190

Airbnb ROI: -1.06%

Traditional ROI: 0.01%

2472 Cliff View Cr

Two Harbors, MN

3 beds | 4 baths | 2,960 sq.ft.

$750,000

Airbnb cash on cash: 1.79%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $3329

Traditional Rental Income: $3880

Airbnb ROI: 1.79%

Traditional ROI: 3.64%

520 7th Ave

Two Harbors, MN

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

$339,000

Airbnb cash on cash: 6.05%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $3329

Traditional Rental Income: $1763

Airbnb ROI: 6.05%

Traditional ROI: 3.47%

621 3rd Ave

Two Harbors, MN

4 beds | N/A baths | 2,473 sq.ft.

$455,900

Airbnb cash on cash: 4.4%

Traditional cash on cash: 3.37%

Airbnb Rental Income: $3329

Traditional Rental Income: $2147

Airbnb ROI: 4.4%

Traditional ROI: 3.37%

1317 Shoreview Rd

Two Harbors, MN

3 beds | 2 baths | 2,249 sq.ft.

$395,000

Airbnb cash on cash: 5.37%

Traditional cash on cash: 5.31%

Airbnb Rental Income: $3329

Traditional Rental Income: $2560

Airbnb ROI: 5.37%

Traditional ROI: 5.31%

878 Old North Shore Rd

Two Harbors, MN

4 beds | 4 baths | 4,726 sq.ft.

$995,000

Airbnb cash on cash: 0.36%

Traditional cash on cash: 2.34%

Airbnb Rental Income: $2422

Traditional Rental Income: $3659

Airbnb ROI: 0.36%

Traditional ROI: 2.34%

1801 20th Ave

Two Harbors, MN

4 beds | 4 baths | 3,130 sq.ft.

$899,900

Airbnb cash on cash: 0.48%

Traditional cash on cash: 2.74%

Airbnb Rental Income: $2422

Traditional Rental Income: $3726

Airbnb ROI: 0.48%