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Two-Unit Duplex
New
For Sale
$94,900

214 W College Street, Albert Lea, MN 56007

Residential Income, Albert Lea, MN

Property Size1,449 SF
Lot Size0.18 Acres
Price / SF$65.49
Days on Market5

Property Features for 214 W College Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Multi-Family
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Subdivision Morins Add
High school district Albert Lea
Directions S on Broadway from Main St, right on College St, property is on the right
Standard status Active
APN 340071270
Size 1,449 SF
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1548

Utilities

Heating system Forced Air

Building Details

Year built 1888
Listing Agency: eXp Realty
Listed By: Dillon Robert Dale
Added: Oct 1 Changed: Oct 3 Last Checked: Oct 5 at 12:06PM
MLS# 7154528

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 contains two separate residences within a 1,449-square-foot building on a 0.176-acre parcel. Built in 1888, the property has forced-air heating and includes a basement, two bedrooms, and two bathrooms.

The property is at 214 W College Street in Albert Lea, near downtown, schools, shopping, and local amenities.

Key Highlights

  • Two separate residential units
  • 1,449‑square‑foot building on a 0.176‑acre parcel
  • Built in 1888 with forced‑air heating

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office HVAC Service Grocery & Convenience Store Auto Parts Store 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

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

958
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Separate residences offer a straightforward two-unit rental configuration.
Where is this duplex located?
The property is located at 214 W College Street Albert Lea, MN.
What is the asking price?
The asking price for this property is $94,900.
What are key features of this property?
This property features: Two separate residential units; 1,449‑square‑foot building on a 0.176‑acre parcel; Built in 1888 with forced‑air heating
More about this property
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