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Duplex with Updated Mechanical Systems

817 Madison Avenue, Albert Lea, MN 56007

For Sale
$99,000

Residential Income, Albert Lea, MN

Property Size1,270 SF
Lot Size0.11 Acres
Price / SF$77.95
Days on Market10

Property Features for 817 Madison Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description Residential-Multi-Family
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1
Parking features Other
Subdivision Railroad Add
High school district Albert Lea
Directions Head toward 790th Ave 4.7 mi Turn left onto S Broadway Ave 0.3 mi Turn right onto W Front St 0.2 mi Turn left onto Madison Ave Destination will be on the left
Standard status Active
APN 340140840
Size 1,270 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 1860

Utilities

Heating system Forced Air

Building Details

Year built 1901
Listing Agency: Coldwell Banker River Valley, REALTORS · Coldwell Banker Real Estate
Listed By: Gina Wadding
Added: Nov 4 Last Checked: Nov 13 at 11:06PM
MLS# 7169299

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.

Rey
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Investment Insights

Based on property information with market context.

This duplex in Albert Lea contains 1,270 square feet on a 0.114-acre lot. The room list includes three bedrooms, two bathrooms, and a basement. Forced-air heating serves the building, and the furnace and water heater are newer.

Built in 1901, the property is located at 817 Madison Avenue in Albert Lea, Minnesota.

Key Highlights

  • 1,270 square feet on a 0.114‑acre lot
  • Room list includes 3 bedrooms and 2 bathrooms
  • Newer furnace and water heater

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

685
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

Frequently Asked Questions

What type of property is this?
Duplex - A basement and forced-air heating complement the property’s newer furnace and water heater.
Where is this duplex located?
The property is located at 817 Madison Avenue Albert Lea, MN.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: 1,270 square feet on a 0.114‑acre lot; Room list includes 3 bedrooms and 2 bathrooms; Newer furnace and water heater
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