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
517 W Riverview Dr Waterville, MN A gorgeous, like brand new townhome with main floor master suite and laundry. Situated on ...	3 beds \| 2 baths \| 2,040 sq.ft.	$384,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 4.49% Airbnb Rental Income: $2071 Traditional Rental Income: $2646 Airbnb ROI: 1.42% Traditional ROI: 4.49%
16636 Shady Oak Ln Waterville, MN Very clean well maintained cabin located on a private quiet wooded lot on Lake Tetonka. Yo...	1 beds \| 1 baths \| 661 sq.ft.	$190,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.36% Airbnb Rental Income: $null Traditional Rental Income: $1362 Airbnb ROI: N/A Traditional ROI: 5.36%
17075 Dickenson Ln Waterville, MN Lake Tetonka Cabin - Move-In Ready & Fully Furnished Live the lake life with this move-in...	2 beds \| 1 baths \| 720 sq.ft.	$384,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.27% Airbnb Rental Income: $null Traditional Rental Income: $1535 Airbnb ROI: N/A Traditional ROI: 2.27%
721 1st St N Waterville, MN Check out this charming home, with a great location near Hwy 13 and 60 and backyard views ...	3 beds \| 1 baths \| 1,356 sq.ft.	$269,900	Airbnb cash on cash: 3.56% Traditional cash on cash: 4.41% Airbnb Rental Income: $2071 Traditional Rental Income: $1753 Airbnb ROI: 3.56% Traditional ROI: 4.41%
13899 Sakatah Lake Rd Waterville, MN Lake living and beautiful views at its best in this cabin-like year-round home on the Nort...	2 beds \| 1 baths \| 648 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.72% Airbnb Rental Income: $null Traditional Rental Income: $1371 Airbnb ROI: N/A Traditional ROI: 2.72%
220 Green St W Waterville, MN Put your roots down in this pleasant 2 bed 2 bath, 1 and a half story home. Located on the...	2 beds \| 2 baths \| 1,175 sq.ft.	$160,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.4% Airbnb Rental Income: $null Traditional Rental Income: $1850 Airbnb ROI: N/A Traditional ROI: 9.4%
48937 N Shore Rd Waterville, MN Video and interactive floor plan tour in virtual tour link. Welcome to your Lake Tetonka r...	3 beds \| 2 baths \| 2,364 sq.ft.	$609,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 3.64% Airbnb Rental Income: $2071 Traditional Rental Income: $3192 Airbnb ROI: 0.73% Traditional ROI: 3.64%
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.	$649,900	Airbnb cash on cash: 0.27% Traditional cash on cash: 1.19% Airbnb Rental Income: $2071 Traditional Rental Income: $2094 Airbnb ROI: 0.27% Traditional ROI: 1.19%
945 Reed St N Waterville, MN Virtual Tour is an informational Video! Experience the ultimate year-round lake lifestyle ...	4 beds \| 2 baths \| 1,179 sq.ft.	$440,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.44% Airbnb Rental Income: $1964 Traditional Rental Income: $2037 Airbnb ROI: 2.01% Traditional ROI: 3.44%
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: 0.25% Traditional cash on cash: 2% Airbnb Rental Income: $1964 Traditional Rental Income: $2428 Airbnb ROI: 0.25% Traditional ROI: 2%
18747 Tetonka Lake Ln N Waterville, MN Cute cabin on level lake lot on the north shore of Lake Tetonka! This cabin has 2 bedrooms...	2 beds \| 1 baths \| 723 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.99% Airbnb Rental Income: $null Traditional Rental Income: $1513 Airbnb ROI: N/A Traditional ROI: 2.99%
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: 3.56% Traditional cash on cash: 6.11% Airbnb Rental Income: $2071 Traditional Rental Income: $2161 Airbnb ROI: 3.56% 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.	$249,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.48% Airbnb Rental Income: $null Traditional Rental Income: $936 Airbnb ROI: N/A Traditional ROI: 1.48%
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.	$589,900	Airbnb cash on cash: 0.51% Traditional cash on cash: 2.32% Airbnb Rental Income: $2071 Traditional Rental Income: $2536 Airbnb ROI: 0.51% Traditional ROI: 2.32%
943 Reed St N Waterville, MN	3 beds \| 2 baths \| 2,184 sq.ft.	$669,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 0.92% Airbnb Rental Income: $2071 Traditional Rental Income: $1986 Airbnb ROI: 0.2% Traditional ROI: 0.92%
49295 Sportsmans Ln Waterville, MN 49295 Sportsmans Ln, Waterville, MN 56096 \| Single Family Residential	3 beds \| 1 baths \| 1,173 sq.ft.	$425,000	Airbnb cash on cash: 1.51% Traditional cash on cash: 1.92% Airbnb Rental Income: $2071 Traditional Rental Income: $1700 Airbnb ROI: 1.51% Traditional ROI: 1.92%
18222 484th Ln Waterville, MN 18222 484th Ln, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,296 sq.ft.	$1,000,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 0.71% Airbnb Rental Income: $2071 Traditional Rental Income: $2722 Airbnb ROI: -0.56% Traditional ROI: 0.71%
330 Lake St W Waterville, MN 330 Lake St W, Waterville, MN 56096 \| Single Family Residential	5 beds \| 2 baths \| 1,730 sq.ft.	$270,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.56% Airbnb Rental Income: $null Traditional Rental Income: $2556 Airbnb ROI: N/A Traditional ROI: 7.56%
18222A 484th Waterville, MN 18222 484, Waterville, MN 56096 \| Single Family Residential	3 beds \| 2 baths \| 2,290 sq.ft.	$575,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 2.78% Airbnb Rental Income: $2071 Traditional Rental Income: $2722 Airbnb ROI: 0.58% Traditional ROI: 2.78%
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.	$194,000	Airbnb cash on cash: 5.71% Traditional cash on cash: 7.61% Airbnb Rental Income: $2071 Traditional Rental Income: $1886 Airbnb ROI: 5.71% Traditional ROI: 7.61%
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: 2.26% Traditional cash on cash: 5.46% Airbnb Rental Income: $1964 Traditional Rental Income: $2442 Airbnb ROI: 2.26% Traditional ROI: 5.46%
520 3rd St S Waterville, MN Talk about curb appeal, here it is! Mature shade trees CHECK Inviting front entry CHECK Ha...	4 beds \| 3 baths \| 2,446 sq.ft.	$299,900	Airbnb cash on cash: 2.65% Traditional cash on cash: 8.81% Airbnb Rental Income: $1964 Traditional Rental Income: $3187 Airbnb ROI: 2.65% Traditional ROI: 8.81%
182XXX 484th Ln Waterville, MN 182XXX 484th Ln, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$525,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.49% Airbnb Rental Income: $null Traditional Rental Income: $888 Airbnb ROI: N/A Traditional ROI: -0.49%
911 Reed St N Waterville, MN Welcome to this charming seasonal cabin on beautiful Lake Tetonka, where nearly 100 years ...	4 beds \| 1 baths \| 1,921 sq.ft.	$375,000	Airbnb cash on cash: 1.37% Traditional cash on cash: 2.7% Airbnb Rental Income: $1964 Traditional Rental Income: $1915 Airbnb ROI: 1.37% Traditional ROI: 2.7%
828 Clinton St E Waterville, MN 828 Clinton St E, Waterville, MN 56096 \| Single Family Residential	3 beds \| 1 baths \| 1,071 sq.ft.	$285,000	Airbnb cash on cash: 3.27% Traditional cash on cash: 3.47% Airbnb Rental Income: $2071 Traditional Rental Income: $1591 Airbnb ROI: 3.27% Traditional ROI: 3.47%
517 1st St St S Waterville, MN 517 1st St St S, Waterville, MN 56096 \| Single Family Residential	4 beds \| 2 baths \| 2,288 sq.ft.	$349,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 5.44% Airbnb Rental Income: $1964 Traditional Rental Income: $2574 Airbnb ROI: 2.01% Traditional ROI: 5.44%
517 1st St S Waterville, MN 517 1st St S, Waterville, MN 56096 \| Single Family Residential	4 beds \| 2 baths \| 1,816 sq.ft.	$319,900	Airbnb cash on cash: 2.39% Traditional cash on cash: 6.01% Airbnb Rental Income: $1964 Traditional Rental Income: $2537 Airbnb ROI: 2.39% Traditional ROI: 6.01%
618 1st St N Waterville, MN 618 1st St N, Waterville, MN 56096 \| Single Family Residential	3 beds \| 1 baths \| 1,336 sq.ft.	$329,900	Airbnb cash on cash: 2.55% Traditional cash on cash: 3.46% Airbnb Rental Income: $2071 Traditional Rental Income: $1819 Airbnb ROI: 2.55% Traditional ROI: 3.46%
46916 Glens Beach Rd Waterville, MN 46916 Glens Beach Rd, Waterville, MN 56096 \| Single Family Residential	3 beds \| 3 baths \| 2,586 sq.ft.	$550,000	Airbnb cash on cash: 0.66% Traditional cash on cash: 3.37% Airbnb Rental Income: $2071 Traditional Rental Income: $2930 Airbnb ROI: 0.66% Traditional ROI: 3.37%
TBD Westbay Ln Waterville, MN TBD Westbay Ln, Waterville, MN 56096 \| Other	N/A beds \| N/A baths \| N/A	$189,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.63% Airbnb Rental Income: $null Traditional Rental Income: $947 Airbnb ROI: N/A Traditional ROI: 2.63%
49261 Sportsmans Ln Waterville, MN 49261 Sportsmans Ln, Waterville, MN 56096 \| Single Family Residential	2 beds \| 1 baths \| 768 sq.ft.	$399,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.06% Airbnb Rental Income: $null Traditional Rental Income: $1315 Airbnb ROI: N/A Traditional ROI: 1.06%
316 Paquin St W Waterville, MN 316 Paquin St W, Waterville, MN 56096 \| Single Family Residential	2 beds \| 1 baths \| 1,050 sq.ft.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.59% Airbnb Rental Income: $null Traditional Rental Income: $1411 Airbnb ROI: N/A Traditional ROI: 5.59%
48953 N Shore Rd Waterville, MN 48953 N Shore Rd, Waterville, MN 56096 \| Single Family Residential	4 beds \| 3 baths \| 3,676 sq.ft.	$1,350,000	Airbnb cash on cash: -1.03% Traditional cash on cash: 0.38% Airbnb Rental Income: $1964 Traditional Rental Income: $3220 Airbnb ROI: -1.03% Traditional ROI: 0.38%
328 Main St W Waterville, MN 328 Main St W, Waterville, MN 56096 \| Single Family Residential	5 beds \| 3 baths \| 3,249 sq.ft.	$319,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.01% Airbnb Rental Income: $null Traditional Rental Income: $3130 Airbnb ROI: N/A Traditional ROI: 8.01%

Real Estate investment in Waterville, MN

There are 39 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 $128. In October 2026, the average monthly cash on cash return in Waterville is 3.00%. The average monthly rental income in Waterville is $1,835.

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

There are 39 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 $1,835.

Your search for investment property begins and ends here

Investment Property for Sale in Waterville, MN

517 W Riverview Dr

Waterville, MN

3 beds | 2 baths | 2,040 sq.ft.

$384,900

Airbnb cash on cash: 1.42%

Traditional cash on cash: 4.49%

Airbnb Rental Income: $2071

Traditional Rental Income: $2646

Airbnb ROI: 1.42%

Traditional ROI: 4.49%

16636 Shady Oak Ln

Waterville, MN

1 beds | 1 baths | 661 sq.ft.

$190,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.36%

Airbnb Rental Income: $null

Traditional Rental Income: $1362

Airbnb ROI: N/A

Traditional ROI: 5.36%

17075 Dickenson Ln

Waterville, MN

2 beds | 1 baths | 720 sq.ft.

$384,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.27%

Airbnb Rental Income: $null

Traditional Rental Income: $1535

Airbnb ROI: N/A

Traditional ROI: 2.27%

721 1st St N

Waterville, MN

3 beds | 1 baths | 1,356 sq.ft.

$269,900

Airbnb cash on cash: 3.56%

Traditional cash on cash: 4.41%

Airbnb Rental Income: $2071

Traditional Rental Income: $1753

Airbnb ROI: 3.56%

Traditional ROI: 4.41%

13899 Sakatah Lake Rd

Waterville, MN

2 beds | 1 baths | 648 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.72%

Airbnb Rental Income: $null

Traditional Rental Income: $1371

Airbnb ROI: N/A

Traditional ROI: 2.72%

220 Green St W

Waterville, MN

2 beds | 2 baths | 1,175 sq.ft.

$160,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.4%

Airbnb Rental Income: $null

Traditional Rental Income: $1850

Airbnb ROI: N/A

Traditional ROI: 9.4%

48937 N Shore Rd

Waterville, MN

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

$609,000

Airbnb cash on cash: 0.73%

Traditional cash on cash: 3.64%

Airbnb Rental Income: $2071

Traditional Rental Income: $3192

Airbnb ROI: 0.73%

Traditional ROI: 3.64%

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