Under $500K Investment Properties for Sale in Pennington, MN
1024- 2 Bed
- 2 Bath
- 2128 sft
1309- 3 Bed
- 1 Bath
- 1584 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
- 1 Bed
- 1 Bath
- 568 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
156- 2 Bed
- 1 Bath
- 880 sft
306- 1 Bed
- 1 Bath
- 224 sft
129- 1 Bed
- - Bath
- 1440 sft
174- 2 Bed
- 1 Bath
- - sft
- - 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
Why Invest in Pennington, Minnesota?
Investing in Pennington, MN properties under $500k offers a unique opportunity to tap into a stable market with moderate appreciation potential. The area boasts an average ROI of 6.5% and a rental yield around 7.2%, making rental investments attractive. With a cap rate near 5%, investors can expect consistent cash flow, averaging $600 per month. Renter occupancy remains high at 85%, reflecting strong demand for affordable housing in this community. Appreciation trends indicate steady growth, supporting long-term investment value.
Frequently Asked Questions
Properties under $500k in Pennington typically include single-family homes and small multi-family units, ideal for rental investments and entry-level buyers.
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