Quadplex with Commercial
For Sale
$249,900
220 E 7th Street, Albert Lea, MN 56007
Residential Income, Albert Lea, MN
Property Size2,800 SF
Lot Size0.16 Acres
Price / SF$89.25
Days on Market87
Property Features for 220 E 7th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
Parking features
Carport, Garage - Detached
Exterior features
Metal
High school district
Albert Lea
Directions
Travel South from downtown Albert Lea and turn left (East) on 7th Street. The property will be on the corner of 7th St. and James Ave.
Standard status
Active
APN
340490110
Size
2,800 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3584
Utilities
Heating system
Baseboard, Ductless (Heating)
Building Details
Year built
1949
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(507) 424-4422
Listed By:
Lanier Pratt · License #40695134
(507) 473-0390
Added: Jul 3
Changed: Sep 24
Last Checked: Sep 27 at 3:06PM
MLS# 7104298
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,800-square-foot quadplex, built in 1949, includes four bathrooms and four bedrooms along with a commercial component currently used as a laundry service. The space previously operated as a salon and may be converted back to that use or adapted into another apartment, as supported by the existing property information. Improvements include a new roof, metal siding, upgraded electric services, ductless mini-split systems, paint, and select flooring.
The property occupies 0.1607 acres at 220 E 7th Street in Albert Lea, Minnesota. Parking includes a large gravel lot, a detached three-stall garage, and a carport. The building is licensed through the city, and tenants are responsible for their own utilities. It has remained continuously rented and has an established rental history.
The property occupies 0.1607 acres at 220 E 7th Street in Albert Lea, Minnesota. Parking includes a large gravel lot, a detached three-stall garage, and a carport. The building is licensed through the city, and tenants are responsible for their own utilities. It has remained continuously rented and has an established rental history.
Key Highlights
- 2,800 SF quadplex with four bedrooms and four bathrooms
- Fourth unit is a commercial space currently operating as a laundry service
- Commercial area previously used as a salon and may convert back to salon use or another apartment
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 56007, MN
21,434
Population
9,873
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
88%
High-School Grad
169.3 sq mi
ZIP Area
127
Density / Sq Mi
$66,479
Median Household Income
$43,867
Median Earnings
$843
Median Rent
$161,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with a flexible commercial area, detached garage, carport, and gravel parking lot.
Where is this quadplex located?
The property is located at 220 E 7th Street Albert Lea, MN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 2,800 SF quadplex with four bedrooms and four bathrooms; Fourth unit is a commercial space currently operating as a laundry service; Commercial area previously used as a salon and may convert back to salon use or another apartment
