Lake City, MN Residential income properties for sale

Turnkey Investment Opportunity Near Lake Pepin

$599,000

0.29 Acres

Turnkey Investment Opportunity Near Lake Pepin

70984 Highway 61, Lake City, MN 55041

High-income investment property near Lake Pepin with multiple revenue streams.

High‑income investment opportunity capitalizing on the Great River Road tourism market.
Six distinct revenue streams provide diverse income potential.
Four modern Tiny Homes designed for the high‑demand "glamping" market.
Versatile Duplex with a 2‑bedroom unit and a 1‑bedroom studio, ideal for owner‑occupancy or rental.
Prime location between Wabasha and Lake City, near the National Eagle Center and water skiing birthplace.

Updated: Jan 20

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Income-Producing Duplex with Recent Updates

$285,000

2,010 SF

Income-Producing Duplex with Recent Updates

311 N Prairie St, Lake City, MN 55041

Updated duplex with short-term rental history and flexible living options.

Income‑producing duplex generating over $33,500 in gross annual revenue.
Fully furnished units are move‑in/rental‑ready, offering immediate income potential.
Two updated units: Snowdrop (3 bed, 1 bath) with refinished hardwood floors, and Marigold (2 bed, 1.75 bath) with new carpet and paint.
New roof installed in 2024.
Spacious 9,000 sq ft lot with updated landscaping and backyard firepit area.

Updated: Apr 17, 2025

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$464,900

1,513 SF

Condo with Lake Pepin Views

Immaculate condo with lake views, downtown location, and great amenities.

101 S Washington St, Lake City, MN 55041

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Lake City, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$315,000

1,828 SF

End-Unit Townhome with Scenic Views

One-level living with scenic views near Hwy 58.

1813 Cherry St, Red Wing, MN 55066

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$470,000

Updated Fourplex with Income Potential

Updated fourplex featuring long-term tenants and a thriving short-term rental.

504 Buchanan St, Red Wing, MN 55066

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Established Restaurant with Apartment Income

$295,000

2,921 SF

Established Restaurant with Apartment Income

Restaurant with loyal customers and additional apartment income.

200 S Main St, Pine Island, MN 55963

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$121,000

1,028 SF

Pine Island Two-Bedroom Home

Two-bedroom home in Pine Island, income restrictions apply.

430 7Th St SW, Pine Island, MN 55963

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Explore Off-Market Properties in Lake City, MN

Consider similar Off-Market properties in Lake City, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

71109 Hwy 61

MOBILE HOME PARK, TRAILER PARK • 960 SF

Value Estimation by Request

71109 Hwy 61, Lake City, MN 55041

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909 Lakewood Ave

MOBILE HOME PARK, TRAILER PARK

Value Estimation

$2,760,000

909 Lakewood Ave, Lake City, MN 55041-2210

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Lake City, MN Residential Income Properties Investment Opportunities Market Analysis

Explore 5 residential income properties for sale in Lake City, MN, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,708,858 square feet of properties for sale, with an estimated market value of $854,000.

Prices for residential income properties in Lake City, MN start at $255,000, averaging $427,000, and reaching up to $599,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

Lake City, MN Residential Income Properties for Sale

Turnkey Investment Opportunity Near Lake Pepin

High-income investment property near Lake Pepin with multiple revenue streams.