Short Term Rental Investment Properties for Sale in Ely, MN
920- 2 Bed
- 3 Bath
- 2579 sft
245- 2 Bed
- 1 Bath
- 1280 sft
215- 1 Bed
- - Bath
- 480 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 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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