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Duplex with Tenant Occupancy
For Sale
$164,999

922 Jefferson Avenue, Albert Lea, MN 56007

MULTI_FAMILY - Albert Lea, MN

Property Size1,637 SF
Lot Size0.14 Acres
Price / SF$100.79
Days on Market127

Property Features for 922 Jefferson Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Exterior features Vinyl
Subdivision Railroad Add
High school district Albert Lea
Directions RAILROAD ADDITION LOT-011 BLOCK-014 LOT 11 BLK 14 RAILROAD ADDITION
Standard status Active
APN 340141470
Size 1,637 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 864

Utilities

Heating system Forced Air

Building Details

Year built 1892
Listing Agency: National Realty Guild
Listed By: Sandy Ruiz
Added: Apr 15 Changed: Aug 19 Last Checked: Aug 19 at 6:06PM
MLS# 7056059

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 duplex features two units, with each unit offering two bedrooms, one bathroom, a kitchen, and a living room. The property is currently tenant-occupied, with tenants paying per month. Exterior finishes include vinyl.

The duplex sits on a 0.14-acre lot in Albert Lea, MN. Built in 1892, the property is heated with forced air.

The layout supports two separate living spaces under one roof, making it suitable for buyers who want a built-in tenant and the option to occupy one unit while leasing the other.

Key Highlights

  • Tenant‑occupied duplex with tenants paying per month
  • Each unit has two bedrooms, one bathroom, a kitchen, and a living room
  • 0.14‑acre lot

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm HVAC Service Grocery & Convenience Store Bakery Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

604
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex on a 0.14-acre lot with two-bedroom, one-bath units and forced-air heating.
Where is this duplex located?
The property is located at 922 Jefferson Avenue Albert Lea, MN.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: Tenant‑occupied duplex with tenants paying per month; Each unit has two bedrooms, one bathroom, a kitchen, and a living room; 0.14‑acre lot
More about this property
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