Under $500K Investment Properties for Sale in Lexington, MN
996- 4 Bed
- 3 Bath
- 2648 sft
427- 4 Bed
- 2 Bath
- 1516 sft
128- 3 Bed
- 1 Bath
- 2484 sft
510- 3 Bed
- 2 Bath
- 2060 sft
Why Invest in Lexington, Minnesota?
Investing in Lexington, MN properties under $500k offers a stable opportunity in the growing Minneapolis-St. Paul metro area. With an average rental yield of 6.1% and a cap rate of 4.5%, this market provides attractive returns for investors focused on single-family homes and small multifamily units. The area's average rent is $1,200, supporting consistent cash flow near $350 monthly. Appreciation rates hover around 3% annually, making Lexington a steady option for long-term growth. The renter-occupied rate of 37% indicates a balanced rental market attractive to investors.
Frequently Asked Questions
Properties under $500k in Lexington typically offer an average ROI of about 7.2%, with rental yields around 6%. This balance supports reliable cash flow and appreciation potential.
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