Real Estate Investment Properties for Sale in Waterville, MN

Looking for investment property in Waterville, MN with high ROI ?

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
511 Division St Waterville, MN Location, location, location! Quaint home on large lot with newly remodeled kitchen!	2 beds \| 1 baths \| 1,816 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 7.74% Airbnb Rental Income: $null Traditional Rental Income: $1423 Airbnb ROI: N/A Traditional ROI: 7.74%
48937 N Shore Rd Waterville, MN Welcome to your Lake Tetonka retreat where stunning views, incredible fishing, and laid-ba...	3 beds \| 2 baths \| 2,364 sq.ft.	$615,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 3.59% Airbnb Rental Income: $2522 Traditional Rental Income: $3192 Airbnb ROI: 1.37% Traditional ROI: 3.59%
49189 Sportsmans Ln Waterville, MN Seller related to Listing Agent Imagine a stunning 4-bedroom, 3-bathroom retreat, perfectl...	4 beds \| 2 baths \| 3,148 sq.ft.	$614,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 4.36% Airbnb Rental Income: $2379 Traditional Rental Income: $3692 Airbnb ROI: 1.05% Traditional ROI: 4.36%
Open Lot Browers St E Waterville, MN Open Lot Browers St E, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$52,500	Airbnb cash on cash: N/A Traditional cash on cash: 10.75% Airbnb Rental Income: $null Traditional Rental Income: $776 Airbnb ROI: N/A Traditional ROI: 10.75%
707 Tetonka View Dr Waterville, MN 707 Tetonka View Dr, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$95,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.21% Airbnb Rental Income: $null Traditional Rental Income: $866 Airbnb ROI: N/A Traditional ROI: 6.21%
12782 218th St W Waterville, MN 12782 218th St W, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 3,437 sq.ft.	$679,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 1.04% Airbnb Rental Income: $2522 Traditional Rental Income: $2094 Airbnb ROI: 0.76% Traditional ROI: 1.04%
49335 Sportsmans Ln Waterville, MN 49335 Sportsmans Ln, Waterville, MN 56096 \| Single Family Residential	4 beds \| 2 baths \| 2,110 sq.ft.	$599,900	Airbnb cash on cash: 0.87% Traditional cash on cash: 2% Airbnb Rental Income: $2379 Traditional Rental Income: $2428 Airbnb ROI: 0.87% Traditional ROI: 2%
18747 Tetonka Lake Lane N Waterville, MN Cute year-round cabin on level lake lot on the north shore of Lake Tetonka! This cabin has...	2 beds \| 1 baths \| 723 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.76% Airbnb Rental Income: $null Traditional Rental Income: $1513 Airbnb ROI: N/A Traditional ROI: 2.76%
724 1st St N Waterville, MN Welcome to 724 N 1st St in Waterville â where charm and solid craftsmanship come togethe...	3 beds \| 1 baths \| 1,292 sq.ft.	$259,900	Airbnb cash on cash: 5.1% Traditional cash on cash: 6.11% Airbnb Rental Income: $2522 Traditional Rental Income: $2161 Airbnb ROI: 5.1% Traditional ROI: 6.11%
735 Reed St N Waterville, MN 735 Reed St N, Waterville, MN 56096 \| Single Family Residential	1 beds \| 1 baths \| 525 sq.ft.	$259,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.34% Airbnb Rental Income: $null Traditional Rental Income: $936 Airbnb ROI: N/A Traditional ROI: 1.34%
527 Marian St Waterville, MN 527 Marian St, Waterville, MN 56096 \| Single Family Residential	1 beds \| 1 baths \| 1,163 sq.ft.	$349,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.15% Airbnb Rental Income: $null Traditional Rental Income: $1161 Airbnb ROI: N/A Traditional ROI: 1.15%
13304 Sakatah Lake Rd Waterville, MN 13304 Sakatah Lake Rd, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,079 sq.ft.	$599,900	Airbnb cash on cash: 1.14% Traditional cash on cash: 2.25% Airbnb Rental Income: $2522 Traditional Rental Income: $2536 Airbnb ROI: 1.14% Traditional ROI: 2.25%
943 Reed St N Waterville, MN	3 beds \| 2 baths \| 2,184 sq.ft.	$679,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 0.87% Airbnb Rental Income: $2522 Traditional Rental Income: $1986 Airbnb ROI: 0.76% Traditional ROI: 0.87%
18222 484th Ln Waterville, MN 18222 484th Ln, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,296 sq.ft.	$1,100,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 0.46% Airbnb Rental Income: $2522 Traditional Rental Income: $2722 Airbnb ROI: -0.34% Traditional ROI: 0.46%
330 Lake St W Waterville, MN 330 Lake St W, Waterville, MN 56096 \| Single Family Residential	5 beds \| 2 baths \| 1,730 sq.ft.	$280,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.23% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 7.23%
18222A 484th Waterville, MN 18222 484, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,290 sq.ft.	$625,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 2.4% Airbnb Rental Income: $2522 Traditional Rental Income: $2722 Airbnb ROI: 1.01% Traditional ROI: 2.4%
1250 Waterville Rd Waterville, MN 1250 Waterville Rd, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,871 sq.ft.	$590,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 2.19% Airbnb Rental Income: $2522 Traditional Rental Income: $2465 Airbnb ROI: 1.19% Traditional ROI: 2.19%
TBD 484th Ln Waterville, MN TBD 484th Lane,, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.26% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 1.26%
18XXX 484th Lane, Waterville, MN 18XXX 484th Lane,, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.15% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: 0.15%
201 Hillcrest Dr Waterville, MN Charming 2 bedroom, 1 bath home that includes additional parcel with garden spot and share...	3 beds \| 1 baths \| 1,816 sq.ft.	$208,000	Airbnb cash on cash: 7.18% Traditional cash on cash: 7.04% Airbnb Rental Income: $2522 Traditional Rental Income: $1886 Airbnb ROI: 7.18% Traditional ROI: 7.04%
404 Paquin St E Waterville, MN 404 Paquin St E, Waterville, MN 56096 \| Single Family Residential	4 beds \| 2 baths \| 1,744 sq.ft.	$330,000	Airbnb cash on cash: 3.37% Traditional cash on cash: 5.46% Airbnb Rental Income: $2379 Traditional Rental Income: $2442 Airbnb ROI: 3.37% Traditional ROI: 5.46%
520 3rd St S Waterville, MN 520 3rd St S, Waterville, MN 56096 \| Single Family Residential	4 beds \| 3 baths \| 2,446 sq.ft.	$314,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 8.34% Airbnb Rental Income: $2379 Traditional Rental Income: $3187 Airbnb ROI: 3.63% Traditional ROI: 8.34%
182XXX 484th Ln Waterville, MN 182XXX 484th Ln, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$550,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.56% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: -0.56%

Real Estate investment in Waterville, MN

There are 23 properties for sale in the city of Waterville . The median list price in Waterville is $214,871 and the average price per square foot is $124. In July 2026, the average monthly cash on cash return in Waterville is 3.00%. The average monthly rental income in Waterville is $2,094.

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

There are 23 investment properties available for sale in Waterville.

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

The ROI for Long-Term is higher than the Short-Term in Waterville with average rental income of $2,094.

Your search for investment property begins and ends here

Investment Property for Sale in Waterville, MN

511 Division St

Waterville, MN

2 beds | 1 baths | 1,816 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 7.74%

Airbnb Rental Income: $null

Traditional Rental Income: $1423

Airbnb ROI: N/A

Traditional ROI: 7.74%

48937 N Shore Rd

Waterville, MN

3 beds | 2 baths | 2,364 sq.ft.

$615,000

Airbnb cash on cash: 1.37%

Traditional cash on cash: 3.59%

Airbnb Rental Income: $2522

Traditional Rental Income: $3192

Airbnb ROI: 1.37%

Traditional ROI: 3.59%

49189 Sportsmans Ln

Waterville, MN

4 beds | 2 baths | 3,148 sq.ft.

$614,900

Airbnb cash on cash: 1.05%

Traditional cash on cash: 4.36%

Airbnb Rental Income: $2379

Traditional Rental Income: $3692

Airbnb ROI: 1.05%

Traditional ROI: 4.36%

Open Lot Browers St E

Waterville, MN

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

$52,500

Airbnb cash on cash: N/A

Traditional cash on cash: 10.75%

Airbnb Rental Income: $null

Traditional Rental Income: $776

Airbnb ROI: N/A

Traditional ROI: 10.75%

707 Tetonka View Dr

Waterville, MN

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

$95,500

Airbnb cash on cash: N/A

Traditional cash on cash: 6.21%

Airbnb Rental Income: $null

Traditional Rental Income: $866

Airbnb ROI: N/A

Traditional ROI: 6.21%

12782 218th St W

Waterville, MN

3 beds | 2 baths | 3,437 sq.ft.

$679,900

Airbnb cash on cash: 0.76%

Traditional cash on cash: 1.04%

Airbnb Rental Income: $2522

Traditional Rental Income: $2094

Airbnb ROI: 0.76%

Traditional ROI: 1.04%

49335 Sportsmans Ln

Waterville, MN

4 beds | 2 baths | 2,110 sq.ft.

$599,900

Airbnb cash on cash: 0.87%

Traditional cash on cash: 2%

Airbnb Rental Income: $2379

Traditional Rental Income: $2428

Airbnb ROI: 0.87%

Traditional ROI: 2%

18747 Tetonka Lake Lane N

Waterville, MN

2 beds | 1 baths | 723 sq.ft.

$339,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.76%

Airbnb Rental Income: $null

Traditional Rental Income: $1513

Airbnb ROI: N/A