Short Term Rental Investment Properties for Sale in Ely, MN
225- 2 Bed
- 1 Bath
- 1280 sft
471- 2 Bed
- 3 Bath
- 2579 sft
215- 1 Bed
- - Bath
- 480 sft
174- 3 Bed
- 1 Bath
- 1684 sft
180- 2 Bed
- 2 Bath
- 1330 sft
- 1 Bed
- 1 Bath
- 650 sft
-- 3 Bed
- 2 Bath
- 1358 sft
151- 3 Bed
- 2 Bath
- 1456 sft
151- 3 Bed
- 1 Bath
- 680 sft
172- 3 Bed
- 3 Bath
- 1900 sft
-- 3 Bed
- 1 Bath
- 2157 sft
133- 3 Bed
- 2 Bath
- 1296 sft
- 1 Bed
- 1 Bath
- 568 sft
167- - Bed
- - Bath
- 640 sft
419- 4 Bed
- 3 Bath
- 2760 sft
172- 3 Bed
- 2 Bath
- 1216 sft
- 1 Bed
- 1 Bath
- 700 sft
160- 3 Bed
- 2 Bath
- 1244 sft
129- 3 Bed
- 2 Bath
- 1296 sft
156- 2 Bed
- 1 Bath
- 880 sft
306- 1 Bed
- 1 Bath
- 224 sft
129- 1 Bed
- - Bath
- 1440 sft
174- 2 Bed
- 1 Bath
- - sft
- - Bed
- 1 Bath
- 435 sft
170- 4 Bed
- 2 Bath
- 1615 sft
134- 3 Bed
- 2 Bath
- 1148 sft
159- 2 Bed
- 1 Bath
- 1056 sft
Why Invest in Ely, Minnesota?
Investing in short-term rental properties in Ely, MN offers a unique opportunity due to the city’s strong tourism sector, driven by its proximity to the Boundary Waters Canoe Area Wilderness. The average rental yield is competitive, supported by a growing demand for vacation rentals. Cap rates remain attractive compared to many urban markets, while cash flow benefits from robust seasonal occupancy rates. Appreciation trends continue to reflect Ely’s appeal as both a recreational destination and a stable community for real estate investment.
Frequently Asked Questions
Ely’s proximity to the Boundary Waters and its strong tourism economy create high demand for short-term rentals, supporting steady rental yields and occupancy rates.
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