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    Albert Lea, MN
    Quadplex

    Albert Lea, MN Quadplexes for Sale

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    Four-Plex with Commercial Laundry Unit
    Updated: Jul 3
    Four-Plex with Commercial Laundry Unit

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot
    Fourth unit operates as a commercial laundry service space; formally a salon and convertible to a salon or apartment
    0.1607‑acre corner lot with 2,800 square feet under roof
    City‑licensed and rented continuously with a solid rental history
    Remodeled with new roof, metal siding, electric services, mini‑splits, paint, and some flooring
    Tenants pay their own utilities
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    Quadplex With Commercial Space
    Updated: Jul 6
    Quadplex With Commercial Space

    Albert Lea, MN 56007

    $249,900
    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
    3‑stall garage plus a large gravel parking lot
    City‑licensed property with tenants responsible for their own utilities
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Albert Lea, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    One-Story Brick Fourplex
    One-Story Brick Fourplex

    605 1st St, Rudd, IA 50471

    $220,000
    2,688 sqft

    Brick one-story fourplex on a corner lot with off-street paved parking and steel roof, fully occupied.

    View details
    Quadplex with Rooftop Deck
    Quadplex with Rooftop Deck

    412 Holly Lane, Mankato, MN 56001

    $1,195,000
    0.44 AC lot

    Fully renovated, fully occupied four-unit townhome offers each unit three bedrooms plus a private rooftop deck and in-unit laundry.

    View details
    Brick One-Story Four-Plex
    Brick One-Story Four-Plex

    605 1st Street, Rudd, IA 50471

    $220,000
    0.30 AC lot

    Fully occupied four-plex on a corner lot with paved off-street parking and appliances included.

    View details
    Fully Renovated 4-Unit Townhome
    Fully Renovated 4-Unit Townhome

    412 Holly Ln, Mankato, MN 56001

    Contact for pricing

    Four fully renovated townhome units are each occupied and feature 3 bedrooms, in-unit laundry, and updated finishes.

    View details

    Albert Lea, MN Quadplexes Market Trends and Statistics

    Explore 2 quadplexes for sale in Albert Lea, MN on our real estate platform. These investment opportunities span a total of 2,800 square feet of properties for sale, with an estimated market value of $499,800.

    Sale prices for four-unit buildings in Albert Lea, MN average $249,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Quadplexes 2
    Mobile home & RV parks 1
    Triplexes 1

    Demographics Overview

    Population 21K
    Population Growth (5Y) +1.4%
    Median Household Income $66,479
    College Educated 24.2%

    High-Yield Neighborhoods for Investment

    Identify Albert Lea submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    56007 $249.9K

    Taxes & Financing

    Tax Rate (average for all types) 2.76%
    Property Tax per SF $0.93 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

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