Lakeville · Investment Property
Buying Investment Property in Lakeville
Buy rental and investment property in Minnesota with the numbers worked out before you make an offer.
Investing in Lakeville
Lakeville is still growing, which shapes an investor's choices. I'm Lesley, a REALTOR® with Bridge Realty.
What should an investor know about Lakeville? Much of the housing is newer, so purchase prices can be higher and repair costs lower in the early years. Some builders and associations restrict rentals, so ask before you choose a property.
Existing home or new build?
An existing home can be rented sooner, and you can see its condition today. A new build may come with a builder's rule that the buyer must live in it, and with association limits on renting.
Who rents here
Airlake Industrial Park on the south side is home to roughly 200 companies, and Interstate 35 leads north to both downtowns. Ask the City of Lakeville what it requires to rent out a home, including any license, inspection, and fees, before you make an offer.
The numbers to run on any rental are on our investment property page. For more on the city, see our Lakeville page and buying a home in Lakeville. 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 buy new construction as a rental?
Ask the builder and the association. Some require the buyer to live in the home.
Are newer homes cheaper to maintain?
Usually in the early years. Still plan for upkeep over time.
Homes For Sale In Lakeville
See every home on the market in Lakeville right now, updated from the MLS.
Lakeville
What investment property looks like in Lakeville
Lakeville is the largest city in Dakota County, about 20 miles south of both downtown Minneapolis and St. Paul on Interstate 35, with more than 60 parks.
Lakeville is a fast-growing south metro city with newer neighborhoods, a historic downtown, and Lake Marion at its center.
- The homes
- Newer neighborhoods and active new construction in a city of more than 38 square miles.
- Schools people ask about
- Lakeville Area Schools serves most of the city, and Rosemount-Apple Valley-Eagan and Farmington serve parts. Confirm the district for any address.
- Getting around
- Interstate 35 is the main route north. It splits into Interstate 35W toward Minneapolis and Interstate 35E toward St. Paul, each roughly 20 miles away.
- Nearby
- Lake Marion, Ritter Farm Park, more than 60 parks, and Airlake Industrial Park on the south side.
- The trade-off
- A newer home for the price, with a longer drive to either downtown.
Investment Property: keep exploring
Ready to make your move with Lesley The Realtor?