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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Eveleth, MN

Listed for sale 4 days ago
$ 479,900
ROI
25.2
Cash Flow/m
724- 5 Bed
- 4 Bath
- 3879 sft
509 16th Ave W, Eveleth, MN, 55734

$ 275,000
ROI
24.8
Cash Flow/m
383- 2 Bed
- 3 Bath
- 1543 sft
2574 Leroy Rd, Eveleth, MN, 55734

$ 305,000
ROI
22.6
Cash Flow/m
240- 4 Bed
- 4 Bath
- 2621 sft
1100 Jones St, Eveleth, MN, 55734

$ 124,900
ROI
26.6
Cash Flow/m
236- 3 Bed
- 2 Bath
- 1124 sft
722 Summit St, Eveleth, MN, 55734
Why Invest in Eveleth, Minnesota?
Investing in Eveleth, MN offers a unique opportunity in a small city with stable rental markets and moderate appreciation. Local investors benefit from average rental yields of around 7%, a cap rate near 6%, and consistent cash flows. The community's renter-occupied rate near 40% reflects a balanced demand for housing. Economic ties to mining and healthcare sectors support employment growth. These factors make Eveleth appealing for conservative real estate investors seeking steady returns.
6.5%
Avg. ROI
7%
Rental Yield
6%
Cap Rate
$350/mo
Avg. Cash Flow
$850/mo
Avg. Rent
1.5%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Eveleth is approximately 7%, making it a solid option for rental property investors seeking steady income.
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