Under $300K Investment Properties for Sale in Ely, MN
210- 2 Bed
- 1 Bath
- 1280 sft
187- 3 Bed
- 2 Bath
- 1350 sft
293- 4 Bed
- 2 Bath
- 1450 sft
195- 2 Bed
- 1 Bath
- 1250 sft
Why Invest in Ely, Minnesota?
Investing in Ely, MN under $300k offers unique opportunities in a growing northern city known for its natural beauty and tourism. With an average ROI of 6% and a cap rate around 7%, investors can expect steady cash flow and rental yields near 8%. The local market features strong renter occupancy at 62%, making it a viable option for affordable, high-potential properties. Appreciation sits modestly at 2.5%, reflecting steady growth aligned with regional economic improvements and outdoor tourism demand.
Frequently Asked Questions
Properties under $300k in Ely primarily include single-family homes, small multi-family units, and condos. These affordable options are attractive to investors targeting steady rental income and seasonal rental markets.
Find Your Perfect Investment Property in Ely, Minnesota
Explore investment opportunities by strategy, performance, or property type
