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Two-Unit Duplex with Garage
New
For Sale
$189,000

509 4th St, Albert Lea, MN 56007

Up-down layout with a detached garage, off-street parking, and a spacious front yard.

Property Size1,890 SF
Price / SF$100
Days on Market4

Property Features for 509 4th St

General Information

Standard status Active
Size 1,890 SF
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1888
Listing Agency: Coldwell Banker Realty - Lakes
Listed By: Mike Wilen
Source: Bradadamrealty
Added: Aug 28 Changed: Aug 29 Last Checked: Aug 30 at 8:55PM

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 Coldwell Banker Realty - Lakes

Investment Insights

Based on property information with market context.

This two-unit duplex contains 1,890 square feet and was built in 1888. The up-down configuration provides separate living areas within a well-maintained residential property, while the detached 2-car garage adds storage and off-street parking. A spacious front yard provides additional outdoor space.

Located at 509 4th St in Albert Lea, the property is within walking distance of local shops, dining, and everyday conveniences. Albert Lea Lake beaches and recreational amenities are a short drive away, combining residential surroundings with access to nearby services and outdoor activities.

Key Highlights

  • Two‑unit up‑down duplex with 1,890 square feet
  • Built in 1888
  • Detached 2‑car garage for parking and storage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Dental Office Grocery & Convenience Store Carpet & Flooring Store Electrical Service Butcher

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

Location Intelligence

Trade Area within ½ mile

362
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
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Frequently Asked Questions

What type of property is this?
Duplex - Up-down layout with a detached garage, off-street parking, and a spacious front yard.
Where is this duplex located?
The property is located at 509 4th St Albert Lea, MN.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two‑unit up‑down duplex with 1,890 square feet; Built in 1888; Detached 2‑car garage for parking and storage
More about this property
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