Multi Family Investment Properties for Sale in Ely, MN
899- 2 Bed
- 2 Bath
- 1636 sft
547- 7 Bed
- 4 Bath
- 2600 sft
561- 4 Bed
- 3 Bath
- 2640 sft
128- 4 Bed
- 1 Bath
- 1206 sft
- 2 Bed
- 1 Bath
- 905 sft
149- - Bed
- - Bath
- - sft
-- - Bed
- - Bath
- 3264 sft
- 1 Bed
- 1 Bath
- 680 sft
173- 2 Bed
- 2 Bath
- 832 sft
- 1 Bed
- 1 Bath
- 637 sft
178- 1 Bed
- 1 Bath
- 952 sft
139- 2 Bed
- 1 Bath
- 792 sft
- 2 Bed
- 2 Bath
- 1121 sft
154- 1 Bed
- 1 Bath
- 672 sft
142- 3 Bed
- 2 Bath
- 1239 sft
154- 2 Bed
- 2 Bath
- 1560 sft
161- 2 Bed
- 1 Bath
- 1524 sft
129- 3 Bed
- 1 Bath
- 3383 sft
146- 3 Bed
- 2 Bath
- 2017 sft
133- 3 Bed
- 1 Bath
- 1350 sft
154- 2 Bed
- 1 Bath
- 1024 sft
- 1 Bed
- 1 Bath
- 707 sft
174- 3 Bed
- 1 Bath
- 1535 sft
-- 2 Bed
- 1 Bath
- 672 sft
132- 2 Bed
- 1 Bath
- 964 sft
- 1 Bed
- 1 Bath
- 735 sft
174- 3 Bed
- 1 Bath
- 2502 sft
Why Invest in Ely, Minnesota?
Investing in multi-family properties in Ely, MN offers unique opportunities within this northern Minnesota city known for its tourism and natural beauty. Ely's rising rental demand, driven by its seasonal economy and proximity to wilderness areas, supports steady rental yields and cap rates attractive to investors. Current metrics indicate a balanced cash flow and moderate appreciation potential, making it a compelling choice for diversifying portfolios. Investors can expect favorable tenant occupancy rates, supported by Ely's small but stable renter population seeking quality multi-family units.
Frequently Asked Questions
The average ROI for multi-family properties in Ely is around 7.2%, reflecting a balanced market with steady rental demand and moderate appreciation prospects.
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