Quadplex With Commercial
For Sale
$249,900
220 E 7th Street Albert, Albert Lea, MN 56007
Four-unit property with an adaptable commercial component, city licensing, dedicated parking, and updated building systems.
Property SizeContact for details
Days on Market119
Property Features for 220 E 7th Street Albert
General Information
Standard status
Active
Property subtype
Quadruplex
Amenities
Baseboard
Ductless Mini-Split
Building Details
Year Built
1949
Listing Agency:
Keller Williams Premier Realty
Listed By:
Lanier Pratt · License #40695134
(507) 473-0390
Source:
Kw
Added: Jul 6
Changed: Oct 31
Last Checked: Nov 1 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier Realty
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This 1949 quadplex includes three residential units and a fourth space currently operating as a laundry service. The commercial portion was previously used as a salon and is identified as suitable for conversion to salon use or another apartment. Property improvements include a replacement roof, metal siding, upgraded electrical service, ductless mini-split systems, interior paint, and select flooring. Baseboard heat is also present.
The property is located at the corner of 7th Street and James Avenue in Albert Lea, Minnesota. On-site parking is provided by a gravel lot and a 3-stall garage. The building is licensed through the city, tenants pay their own utilities, and the property has maintained continuous occupancy with an established rental history.
The property is located at the corner of 7th Street and James Avenue in Albert Lea, Minnesota. On-site parking is provided by a gravel lot and a 3-stall garage. The building is licensed through the city, tenants pay their own utilities, and the property has maintained continuous occupancy with an established rental history.
Key Highlights
- Quadplex with three residential units and a fourth commercial space
- Fourth unit currently operates as a laundry service; previously used as a salon
- Replacement roof, metal siding, electrical service, mini‑splits, paint, and flooring completed
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Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with an adaptable commercial component, city licensing, dedicated parking, and updated building systems.
Where is this quadplex located?
The property is located at 220 E 7th Street Albert 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: Quadplex with three residential units and a fourth commercial space; Fourth unit currently operates as a laundry service; previously used as a salon; Replacement roof, metal siding, electrical service, mini‑splits, paint, and flooring completed
