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: 0.07% Traditional cash on cash: -0.26% Airbnb Rental Income: $3834 Traditional Rental Income: $2309 Airbnb ROI: 0.07% 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.	$620,000	Airbnb cash on cash: -2.03% Traditional cash on cash: -0.01% Airbnb Rental Income: $2655 Traditional Rental Income: $3190 Airbnb ROI: -2.03% 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.	$795,000	Airbnb cash on cash: 0.88% Traditional cash on cash: 3.38% Airbnb Rental Income: $2655 Traditional Rental Income: $3880 Airbnb ROI: 0.88% Traditional ROI: 3.38%
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: 4.29% Traditional cash on cash: 3.47% Airbnb Rental Income: $2655 Traditional Rental Income: $1763 Airbnb ROI: 4.29% Traditional ROI: 3.47%
301 8th St Two Harbors, MN The old historic charm brought to life in this well cared for home. A lot of space in this...	4 beds \| 2 baths \| 2,210 sq.ft.	$279,900	Airbnb cash on cash: 3% Traditional cash on cash: 7.65% Airbnb Rental Income: $2021 Traditional Rental Income: $2722 Airbnb ROI: 3% Traditional ROI: 7.65%
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.	$1,150,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 1.89% Airbnb Rental Income: $2021 Traditional Rental Income: $3659 Airbnb ROI: -0.13% Traditional ROI: 1.89%
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: 0.08% Traditional cash on cash: 2.74% Airbnb Rental Income: $2021 Traditional Rental Income: $3726 Airbnb ROI: 0.08% 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: 9.23% Traditional cash on cash: -0.3% Airbnb Rental Income: $3834 Traditional Rental Income: $1118 Airbnb ROI: 9.23% 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.	$299,900	Airbnb cash on cash: 5.3% Traditional cash on cash: 6.23% Airbnb Rental Income: $2655 Traditional Rental Income: $2286 Airbnb ROI: 5.3% Traditional ROI: 6.23%
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.	$659,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 6.86% Airbnb Rental Income: $2663 Traditional Rental Income: $5321 Airbnb ROI: 1.51% Traditional ROI: 6.86%
1690 Highway 61 Two Harbors, MN Lake Superior Opportunity awaits! Own your little slice of heaven on the North Shore. 2 ...	2 beds \| 1 baths \| 1,305 sq.ft.	$899,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 0.96% Airbnb Rental Income: $2231 Traditional Rental Income: $2054 Airbnb ROI: 0.5% Traditional ROI: 0.96%
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.	$349,900	Airbnb cash on cash: 4.79% Traditional cash on cash: 6.84% Airbnb Rental Income: $2655 Traditional Rental Income: $2698 Airbnb ROI: 4.79% Traditional ROI: 6.84%
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.	$1,100,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.74% Airbnb Rental Income: $2021 Traditional Rental Income: $4386 Airbnb ROI: -0.08% Traditional ROI: 2.74%
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: -0.55% Traditional cash on cash: -0.17% Airbnb Rental Income: $2231 Traditional Rental Income: $1851 Airbnb ROI: -0.55% 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: 0.52% Traditional cash on cash: -1.5% Airbnb Rental Income: $3834 Traditional Rental Income: $776 Airbnb ROI: 0.52% 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: 2.67% Traditional cash on cash: 2.38% Airbnb Rental Income: $2655 Traditional Rental Income: $1904 Airbnb ROI: 2.67% 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: 0.19% Traditional cash on cash: -0.86% Airbnb Rental Income: $1983 Traditional Rental Income: $1225 Airbnb ROI: 0.19% 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: 0.19% Traditional cash on cash: -0.87% Airbnb Rental Income: $1983 Traditional Rental Income: $1222 Airbnb ROI: 0.19% 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.	$795,000	Airbnb cash on cash: 0.19% Traditional cash on cash: 1.52% Airbnb Rental Income: $2655 Traditional Rental Income: $3006 Airbnb ROI: 0.19% Traditional ROI: 1.52%
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: -0.57% Traditional cash on cash: 0.68% Airbnb Rental Income: $2231 Traditional Rental Income: $2139 Airbnb ROI: -0.57% 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: 0.55% Traditional cash on cash: 2.14% Airbnb Rental Income: $2655 Traditional Rental Income: $3200 Airbnb ROI: 0.55% 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.	$379,900	Airbnb cash on cash: 3.31% Traditional cash on cash: 4.41% Airbnb Rental Income: $2655 Traditional Rental Income: $2418 Airbnb ROI: 3.31% Traditional ROI: 4.41%
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: -0.42% Traditional cash on cash: 0.33% Airbnb Rental Income: $2655 Traditional Rental Income: $2434 Airbnb ROI: -0.42% Traditional ROI: 0.33%
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: -0.57% Traditional cash on cash: -1.5% Airbnb Rental Income: $2231 Traditional Rental Income: $1324 Airbnb ROI: -0.57% Traditional ROI: -1.5%
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.	$635,000	Airbnb cash on cash: -2% Traditional cash on cash: -0.82% Airbnb Rental Income: $2655 Traditional Rental Income: $2722 Airbnb ROI: -2% Traditional ROI: -0.82%
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: -2.34% Traditional cash on cash: -1.03% Airbnb Rental Income: $2655 Traditional Rental Income: $2807 Airbnb ROI: -2.34% 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: 1.19% Traditional cash on cash: 4.82% Airbnb Rental Income: $2021 Traditional Rental Income: $3361 Airbnb ROI: 1.19% 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: 0.61% Traditional cash on cash: -0.94% Airbnb Rental Income: $2231 Traditional Rental Income: $1278 Airbnb ROI: 0.61% 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.	$599,900	Airbnb cash on cash: 1.33% Traditional cash on cash: 2.04% Airbnb Rental Income: $2655 Traditional Rental Income: $2418 Airbnb ROI: 1.33% Traditional ROI: 2.04%
1690 Two Harbors Rd Two Harbors, MN 1690 Two Harbors Rd, Two Harbors, MN 55616 \| Single Family Residential	1 beds \| 1 baths \| 864 sq.ft.	$274,900	Airbnb cash on cash: 3.18% Traditional cash on cash: 3.85% Airbnb Rental Income: $1983 Traditional Rental Income: $1638 Airbnb ROI: 3.18% Traditional ROI: 3.85%
2485 Hwy 12 Two Harbors, MN Nice solid raised ranch style home with a walk out lower level. 4 Bedrooms and bathroom up...	4 beds \| 2 baths \| 2,644 sq.ft.	$399,900	Airbnb cash on cash: 2.35% Traditional cash on cash: 6.03% Airbnb Rental Income: $2021 Traditional Rental Income: $2872 Airbnb ROI: 2.35% Traditional ROI: 6.03%
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.	$850,000	Airbnb cash on cash: -2.9% Traditional cash on cash: -0.97% Airbnb Rental Income: $2021 Traditional Rental Income: $3021 Airbnb ROI: -2.9% Traditional ROI: -0.97%
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.	$815,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 1.38% Airbnb Rental Income: $2655 Traditional Rental Income: $2749 Airbnb ROI: 0.43% Traditional ROI: 1.38%
1305 Harbor Hills Dr Two Harbors, MN 1305 Harbor Hills Dr, Two Harbors, MN 55616 \| Single Family Residential	4 beds \| 3 baths \| 3,451 sq.ft.	$649,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.55% Airbnb Rental Income: $2021 Traditional Rental Income: $2922 Airbnb ROI: 0.2% Traditional ROI: 2.55%
1317 Shoreview Rd Two Harbors, MN 1317 Shoreview Rd, Two Harbors, MN 55816 \| Single Family Residential	3 beds \| 2 baths \| 2,249 sq.ft.	$400,000	Airbnb cash on cash: 3.04% Traditional cash on cash: 4.24% Airbnb Rental Income: $2655 Traditional Rental Income: $2473 Airbnb ROI: 3.04% Traditional ROI: 4.24%
2060 Highway 2 Two Harbors, MN 2060 Highway 2, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 1,888 sq.ft.	$505,000	Airbnb cash on cash: 1.98% Traditional cash on cash: 3.39% Airbnb Rental Income: $2655 Traditional Rental Income: $2692 Airbnb ROI: 1.98% Traditional ROI: 3.39%
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: 5.45% Traditional cash on cash: 8.76% Airbnb Rental Income: $2231 Traditional Rental Income: $2391 Airbnb ROI: 5.45% Traditional ROI: 8.76%
809 Scenic Dr Two Harbors, MN 809 Scenic Dr, Two Harbors, MN 55616 \| Single Family Residential	3 beds \| 2 baths \| 1,728 sq.ft.	$299,900	Airbnb cash on cash: 4.73% Traditional cash on cash: 6.14% Airbnb Rental Income: $2655 Traditional Rental Income: $2423 Airbnb ROI: 4.73% Traditional ROI: 6.14%
685 Cuttingwood Rd Two Harbors, MN 685 Cuttingwood Rd, Two Harbors, MN 55616 \| Single Family Residential	5 beds \| 2 baths \| 3,082 sq.ft.	$949,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 0.95% Airbnb Rental Income: $2663 Traditional Rental Income: $2797 Airbnb ROI: 0.08% Traditional ROI: 0.95%

Real Estate investment in Two-harbors, MN

There are 39 properties for sale in the city of Two Harbors . The median list price in Two Harbors is $211,891 and the average price per square foot is $118. In June 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 39 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 $2,655.

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: 0.07%

Traditional cash on cash: -0.26%

Airbnb Rental Income: $3834

Traditional Rental Income: $2309

Airbnb ROI: 0.07%

Traditional ROI: -0.26%

2826 Highway 61 #460

Two Harbors, MN

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

$620,000

Airbnb cash on cash: -2.03%

Traditional cash on cash: -0.01%

Airbnb Rental Income: $2655

Traditional Rental Income: $3190

Airbnb ROI: -2.03%

Traditional ROI: -0.01%

2472 Cliff View Cr

Two Harbors, MN

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

$795,000

Airbnb cash on cash: 0.88%

Traditional cash on cash: 3.38%

Airbnb Rental Income: $2655

Traditional Rental Income: $3880

Airbnb ROI: 0.88%

Traditional ROI: 3.38%

520 7th Ave

Two Harbors, MN

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

$339,000

Airbnb cash on cash: 4.29%

Traditional cash on cash: 3.47%

Airbnb Rental Income: $2655

Traditional Rental Income: $1763

Airbnb ROI: 4.29%

Traditional ROI: 3.47%

301 8th St

Two Harbors, MN

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

$279,900

Airbnb cash on cash: 3%

Traditional cash on cash: 7.65%

Airbnb Rental Income: $2021

Traditional Rental Income: $2722

Airbnb ROI: 3%

Traditional ROI: 7.65%

878 Old North Shore Rd

Two Harbors, MN

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

$1,150,000

Airbnb cash on cash: -0.13%

Traditional cash on cash: 1.89%

Airbnb Rental Income: $2021

Traditional Rental Income: $3659

Airbnb ROI: -0.13%

Traditional ROI: 1.89%

1801 20th Ave

Two Harbors, MN

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

$899,900

Airbnb cash on cash: 0.08%

Traditional cash on cash: 2.74%

Airbnb Rental Income: $2021

Traditional Rental Income: $3726

Airbnb ROI: 0.08%

Traditional ROI: 2.74%

540 Old North Shore Rd #Cabin 5 Share 1

Two Harbors, MN

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

$209,000

Airbnb cash on cash: 9.23%

Traditional cash on cash: -0.3%

Airbnb Rental Income: $3834

Traditional Rental Income: $1118

Airbnb ROI: 9.23%