Cottage Grove · Investment Property
Buying Investment Property in Cottage Grove
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Cottage Grove
I live in Cottage Grove, so I know its streets well. I'm Lesley, a REALTOR® with Bridge Realty, and we help investors look at the numbers before the house.
What kind of rental property is available in Cottage Grove? Mostly single-family homes and townhomes. Ranch-style and split-level homes from the late 1950s through the 1970s usually cost less to buy than newer homes, and they come with older systems to budget for.
Older rambler or townhome?
A rambler gives you control: no association, your own yard, and your own repair schedule. Set money aside for the roof, furnace, and windows.
A townhome has less outside upkeep. Read the association's rules first, because some limit or prohibit rentals.
Rules to confirm
Ask the City of Cottage Grove what it requires to rent out a home, including any license, inspection, and fees, before you make an offer. We also give you recent rents for similar homes nearby, so your estimate rests on what tenants are paying now.
The numbers to run on any rental are on our investment property page. For more on the city, see our Cottage Grove page and buying a home in Cottage Grove. If you own a rental here and want to sell, see what it is worth.
We are not financial or tax advisors, so review your plan with your accountant. Then send us a message or call (651) 661-4770.
Frequently Asked Questions
Can I rent out a townhome in Cottage Grove?
Only if the association allows it. Read the rental rules before you offer.
Do I need a rental license in Cottage Grove?
Ask the city what it currently requires before you buy.
Homes For Sale In Cottage Grove
See every home on the market in Cottage Grove right now, updated from the MLS.
Cottage Grove
What investment property looks like in Cottage Grove
Cottage Grove is a river city in southern Washington County, about 10 miles south of St. Paul, with 1960s ranch homes, newer neighborhoods, and 515 acres of ravine parkland.
Cottage Grove sits on the Mississippi River along Highway 61. It is where I live, and I know its neighborhoods street by street.
- The homes
- Ranch-style and split-level homes from the late 1950s through the 1970s, newer subdivisions, townhomes, and new construction in neighborhoods such as Eastbrooke, Hawthorne, and Ravine Crossing.
- Schools people ask about
- South Washington County Schools serves the city. Confirm the schools for any address with the district.
- Getting around
- Highway 61, which shares the road with Highway 10 here, runs north to Interstate 494 and St. Paul.
- Nearby
- More than 1,300 acres of public parkland and about 45 miles of trails, including Hamlet Park and Highland Park.
- The trade-off
- No interstate runs through the city, so the daily drive depends on Highway 61.
The method
How we do it in Cottage Grove
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?