Under $500K Investment Properties for Sale in Lutsen, MN
442- 1 Bed
- 1 Bath
- 300 sft
98- 2 Bed
- 1 Bath
- 1280 sft
372- 2 Bed
- 2 Bath
- 1357 sft
- 1 Bed
- 1 Bath
- 735 sft
- 1 Bed
- 1 Bath
- 668 sft
154- 3 Bed
- 1 Bath
- 2252 sft
143- 1 Bed
- 1 Bath
- 1016 sft
- 3 Bed
- 3 Bath
- 2316 sft
174- 2 Bed
- 1 Bath
- 796 sft
179- 3 Bed
- 1 Bath
- 815 sft
127- 3 Bed
- 2 Bath
- 2694 sft
174- 3 Bed
- 1 Bath
- 1684 sft
180- 2 Bed
- 2 Bath
- 1330 sft
- 1 Bed
- 1 Bath
- 650 sft
-- 3 Bed
- 2 Bath
- 1358 sft
151- 3 Bed
- 2 Bath
- 1456 sft
151- 3 Bed
- 1 Bath
- 680 sft
172- 3 Bed
- 3 Bath
- 1900 sft
-- 3 Bed
- 1 Bath
- 2157 sft
133- 3 Bed
- 2 Bath
- 1296 sft
167- - Bed
- - Bath
- 640 sft
419- 4 Bed
- 3 Bath
- 2760 sft
172- 3 Bed
- 2 Bath
- 1216 sft
- 1 Bed
- 1 Bath
- 700 sft
160- 3 Bed
- 2 Bath
- 1244 sft
129- 3 Bed
- 2 Bath
- 1296 sft
Why Invest in Lutsen, Minnesota?
Investing in Lutsen, MN properties under $500K offers unique opportunities in a scenic yet affordable market. This area sees a steady appreciation rate of about 3%, complemented by an average rental yield of 7% that supports solid cash flow. With cap rates around 6%, investors can expect reliable returns driven by growing tourism and year-round outdoor recreation. The rental occupancy rate remains high at 78%, reflecting consistent demand in this market. Investing here balances value with growth potential in Northern Minnesota.
Frequently Asked Questions
Properties under $500K in Lutsen typically include single-family homes, cabins, and smaller condominiums that appeal to investors and vacation home buyers alike.
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