Short Term Rental Investment Properties for Sale in Ely, MN
210- 2 Bed
- 1 Bath
- 1280 sft
471- 2 Bed
- 3 Bath
- 2579 sft
215- 1 Bed
- - Bath
- 480 sft
138- - Bed
- - Bath
- 640 sft
419- 4 Bed
- 3 Bath
- 2760 sft
- 2 Bed
- 2 Bath
- 1010 sft
- 1 Bed
- 1 Bath
- 624 sft
172- 3 Bed
- 2 Bath
- 1216 sft
- 1 Bed
- 1 Bath
- 700 sft
169- 3 Bed
- 3 Bath
- 1796 sft
160- 3 Bed
- 2 Bath
- 1244 sft
139- 3 Bed
- 2 Bath
- 1552 sft
129- 3 Bed
- 2 Bath
- 1296 sft
306- 1 Bed
- 1 Bath
- 224 sft
163- 1 Bed
- - Bath
- 1440 sft
126- 2 Bed
- 1 Bath
- 864 sft
174- 2 Bed
- 1 Bath
- - sft
10- 1 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
155- 3 Bed
- 2 Bath
- 1456 sft
139- 3 Bed
- 3 Bath
- 2988 sft
159- 1 Bed
- 1 Bath
- 715 sft
128- 3 Bed
- 2 Bath
- 1802 sft
168- 4 Bed
- 2 Bath
- 1120 sft
144- 3 Bed
- 1 Bath
- 2136 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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