509 E 4th Street Albert Lea, MN $ 189,000
509 E 4th Street
$ 189,000
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509 E 4th Street

Albert Lea, MN, 56007
$ 189,000
Bedrooms7 Baths3.0 Sq 1,890

Monthly Estimate*

$ 1,305

509 E 4th Street, Albert Lea, MN 56007 - Image 1
509 E 4th Street, Albert Lea, MN 56007 - Image 2
509 E 4th Street, Albert Lea, MN 56007 - Image 3
509 E 4th Street, Albert Lea, MN 56007 - Image 4
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509 E 4th Street, Albert Lea, MN 56007 - Image 8

Multi-Family Home for sale in Albert Lea, MN

for $189,000 with 7 bedrooms and 3 full baths. This 1,890 square foot home was built in 1888 on a lot size of 0.21.

Classic curb appeal and a versatile up-and-down duplex layout make this Albert Lea property an appealing opportunity for investors and owner-occupants alike. Situated on a quiet residential street, the property features an attractive front yard and a detached two-car garage, with local shopping, dining, and everyday conveniences within walking distance. Albert Lea Lake, area beaches, and the region’s outdoor recreation are also nearby, adding to the appeal of this established neighborhood setting. The two-unit configuration offers flexibility for generating rental income, expanding an investment portfolio, or living in one unit while renting the other. Tenants are responsible for electricity, while the owner covers all remaining utilities. With its practical amenities, convenient location, and flexible ownership potential, this duplex offers an opportunity to invest in Albert Lea real estate.

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Multi-Family Active

Price

$ 189,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,808

Style

Duplex Up and Down

Lot Size

0.21

Year Built

1888

Town/City

Albert Lea

County/Region

Freeborn

MLS | Web ID

7160385

Features
General
Living Area 1890
Sewer City Sewer/Connected
Heating Forced Air
Roof Asphalt
Garage Spaces 2
Year Built 1888
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 0
Accessibility None
County Freeborn
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Directions From I-35 S to Albert Lea. Drive to E 4th St.
City Albert Lea
High School District Albert Lea
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 1808
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full
Basement (Y/N) Y
Above Grade Finished Area 1890
Total Bedrooms 7
Below Grade Finished Area 0
Total Baths 3
Fuel Natural Gas
Garage Square Feet 400
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Exterior
Parking Features Detached Garage Asphalt Storage Unassigned
Water Source City Water/Connected
Lot Size Area 0.21
Building Area Total 2970
Lot Dimensions 197x55
Waterfront Y/N N
Foundation Area 1080
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Internal Only
Street Number 1 509
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* Excluded Features
List By
Coldwell Banker Realty - Lakes

Broker

mike@mikewilen.com

Email

Affordability Calculator

$1,456
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,305
Monthly Property Taxes
$151
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708674 Elementary School
708663 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$189,000 Listed Price

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509 E 4th Street, Albert Lea, MN, 56007 is a Multi-Family Home for sale at $189,000 with 1,890 sqft and a lot size of 0.21. 509 E 4th Street has 7 bedrooms, 3.0 baths, and was built in 1888. The property's zip code is 56007 which is in Albert Lea, MN