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Albert Lea, MN Apartment Buildings for Sale

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Tavern with Five Apartments
Updated: Dec 23, 2025
Tavern with Five Apartments

134 William Street W, Albert Lea, MN 56007

$314,000
Five upper‑level apartments included
Two large gaming rooms
Bar seating for 40 plus people
Outdoor patio area
Recently replaced bar cabinets and shelving
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Albert Lea, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Three 8-Plex Apartment Building
Three 8-Plex Apartment Building

120 E 13th St, Blue Earth, MN 56013

$1,225,000
0.97 AC lot

Three 8-plex multifamily with 1- and 2-bedroom units, on-site coin laundry, and 34 off-street parking spaces.

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Multifamily Apartment Community
Multifamily Apartment Community

160 Homestead Road, Mankato, MN 56001

Contact for pricing
81,900 sqft

72-unit multifamily property with strong occupancy and convenient access via major highways near Minnesota State University, Mankato.

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Value-Add Apartment Opportunity
Value-Add Apartment Opportunity

830 Moore St., Blue Earth, MN 56013

Contact for pricing
19,200 sqft 0.97 AC lot

Apartment complex with value-add potential in Blue Earth, Minnesota.

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Mixed-Use Multifamily Building
Mixed-Use Multifamily Building

340 Stadium Rd, Mankato, MN 56001

Contact for pricing
29,484 sqft

Newer mixed-use multifamily building with on-site parking and good signage, near MSU campus amenities.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Asheville Development Opportunity: 5.94 Acres
Asheville Development Opportunity: 5.94 Acres

215 N Bear Creek Road, Asheville, NC 28806

$2,500,000
5.94 AC lot

5.94-acre parcel zoned RM6, ideal for multi-family development.

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Greenville Development Opportunity: 1.33 Acres
Greenville Development Opportunity: 1.33 Acres

71 Salters Road, Greenville, SC 29607

$650,000
1.33 AC lot

1.33 acre parcel suitable for multi-family development near downtown.

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Off-Market Properties in Albert Lea, MN

Consider similar Off-Market properties in Albert Lea, 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.

108 Adams Ave
APARTMENT HOUSE (5+ UNITS)

108 Adams Ave, Albert Lea, MN 56007-2501

$280,000
Estimated value
3,572 sqft
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Albert Lea, MN Apartment Buildings Market Trends and Statistics

Explore 2 apartment buildings for sale in Albert Lea, MN on our real estate platform.

Sale prices for two-family homes in Albert Lea, MN average $314,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 21K
Population Growth (5Y) +1.4%
Median Household Income $66,479
College Educated 24.2%

Taxes & Financing

Tax Rate (average for all types) 2.76%
Property Tax per SF $0.93 per SF
Tax Rate vs County Average 0.01 pp above county avg
Average Loan-to-Value 65.0%

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