Side-by-Side Duplex Near Medical
For Sale
$150,000
512 Harriet Lane Albert, Albert Lea, MN 56007
City-licensed duplex with one remodeled unit and a second unit being prepared for occupancy.
Property Size2,560 SF
Days on Market196
Property Features for 512 Harriet Lane Albert
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs to be completed
Additional Details
Multifamily Units
2
Amenities
Forced Air
Building Details
Building Size
2,560 SF
Year Built
1883
Buildings
1
Listing Agency:
Keller Williams Premier Realty Rochester
Listed By:
Lanier Pratt · License #40695134
(507) 473-0390
Source:
Kw
Added: Feb 21
Changed: Sep 4
Last Checked: Sep 4 at 4:32PM
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 Rochester
Investment Insights
Based on property information with market context.
This side-by-side duplex was built in 1883 and includes four bedrooms and two bathrooms. The 508 unit has received substantial updates, including a newer kitchen, bathroom, interior paint, and flooring. Forced-air heating serves the property. The 512 unit has also undergone preparatory work but remains unfinished, allowing the next owner to complete the space for occupancy or personal use.
The property is located near Fountain Lake and the Albert Lea Mayo Medical Center. It has operated as a continuously rented property, and the current tenant's lease for the 508 unit runs through May 31, 2026. The property is licensed through the city, and the current tenant has indicated an intention not to renew. One unit was previously used as an Airbnb.
The property is located near Fountain Lake and the Albert Lea Mayo Medical Center. It has operated as a continuously rented property, and the current tenant's lease for the 508 unit runs through May 31, 2026. The property is licensed through the city, and the current tenant has indicated an intention not to renew. One unit was previously used as an Airbnb.
Key Highlights
- Side‑by‑side duplex with 4 bedrooms and 2 bathrooms
- Built in 1883 with forced‑air heating
- 508 unit updated with kitchen, bathroom, paint, and flooring
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
826
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - City-licensed duplex with one remodeled unit and a second unit being prepared for occupancy.
Where is this duplex located?
The property is located at 512 Harriet Lane Albert Albert Lea, MN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 4 bedrooms and 2 bathrooms; Built in 1883 with forced‑air heating; 508 unit updated with kitchen, bathroom, paint, and flooring
