Under $200K Investment Properties for Sale in Duluth, MN
233- 3 Bed
- 1 Bath
- 1103 sft
283- 4 Bed
- 2 Bath
- 1508 sft
202- 3 Bed
- 1 Bath
- 1296 sft
636- 2 Bed
- 1 Bath
- 939 sft
Why Invest in Duluth, Minnesota?
Discover investment properties under $200k in Duluth, MN, where affordability meets strong rental demand from healthcare, education, and tourism sectors. Duluth offers stable cash flow opportunities with lower entry costs compared to Twin Cities markets. Key metrics show solid rental yields around 7-8% and cap rates exceeding 9% for budget properties. The city's revitalization, anchored by Essentia Health and University of Minnesota Duluth, drives consistent occupancy. Lake Superior lifestyle appeal attracts remote workers and retirees, supporting long-term appreciation.
Frequently Asked Questions
Yes, Duluth offers single-family homes and small multis in this range, well below the $279k average home value. These properties deliver strong cap rates of 9%+ due to low acquisition costs and solid rents around $1,300. Stable demand from students and healthcare workers ensures quick leasing.
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