Short Term Rental Investment Properties for Sale in Ely, MN
533- 1 Bed
- 1 Bath
- 694 sft
590- 2 Bed
- 3 Bath
- 2579 sft
245- 2 Bed
- 1 Bath
- 1280 sft
215- 1 Bed
- - Bath
- 480 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.
Find Your Perfect Investment Property in Ely, Minnesota
Explore investment opportunities by strategy, performance, or property type
