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    Albert Lea, MN
    Residential Income

    Albert Lea, MN Residential Income Properties 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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    Duplex with Tenant Occupancy
    Updated: Apr 15
    Duplex with Tenant Occupancy

    922 Jefferson Avenue, Albert Lea, MN 56007

    $164,999
    1,637 sqft 0.14 AC lot
    Tenant‑occupied duplex with tenants paying per month
    Each unit has two bedrooms, one bathroom, a kitchen, and a living room
    0.14‑acre lot
    1,637 SF building size
    Vinyl exterior
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    Corner Retail and Multifamily Building
    Corner Retail and Multifamily Building

    202 S BROADWAY AVE, Albert Lea, MN 56007

    Contact for pricing
    9,801 sqft

    Turn-of-the-century corner redevelopment building with iconic terrazzo floors and a dry foundation.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Tavern with Five Apartments
    Tavern with Five Apartments

    134 William Street W, Albert Lea, MN 56007

    $314,000

    Downtown tavern with gaming rooms, patio seating, updated bar fixtures, and a commercial kitchen setup.

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    Triplex with Separate Entrances
    Triplex with Separate Entrances

    919 W Front Street, Albert Lea, MN 56007

    $159,900

    Three-unit residential income property with distinct access points for each residence.

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    All-Age Mobile Home Community
    All-Age Mobile Home Community

    705 E 18th Street, Albert Lea, MN 56007

    Contact for pricing

    111-site all-age community with 68% occupancy and city water and sewer billed back to tenants.

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    Downtown Office and Apartments
    Downtown Office and Apartments

    209 Clark Street E, Albert Lea, MN 56007

    Contact for pricing

    Commercial office/business space occupies the main and lower levels, with two rental apartments above.

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    Mixed-Use Office and Apartments
    Mixed-Use Office and Apartments

    109 Clark Street E, Albert Lea, MN 56007

    Contact for pricing

    Downtown Albert Lea building with main and lower-level commercial space plus two upstairs two-bedroom apartments.

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    Based on your search, we've compiled 26 Potential Opportunities for your consideration. Besides 8 Active listings in Albert Lea, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Fully Leased Triplex with Detached Garages
    Fully Leased Triplex with Detached Garages

    1110 W Oakland Avenue, Austin, MN 55912

    $295,000
    2,208 sqft 0.14 AC lot

    Fully leased triplex featuring forced-air heat, basement space, and detached garage parking with one renovated unit.

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    Income-Producing Triplex Property
    Income-Producing Triplex Property

    403 S 4Th Avenue E, Lake Mills, IA 50450

    Contact for pricing
    0.48 AC lot

    Triplex with three tenant-occupied units and a 2025 boiler, plus outdoor space and a detached double garage.

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    Tenant-Occupied Multifamily Portfolio
    Tenant-Occupied Multifamily Portfolio

    403 2nd St Nw, Austin, MN 55912

    $796,000

    Four tenant-occupied residential properties totaling 10 units with month-to-month leases and a diversified unit mix.

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    8-Plex Residential Income Property
    8-Plex Residential Income Property

    207 S Lake Street, Lake Mills, IA 50450

    Contact for pricing

    8-plex rental property with six one-bedroom and two two-bedroom apartments, with select units updated with newer flooring and paint.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Albert Lea
    Residential Land in Albert Lea

    1609 Country Club Road, Albert Lea, MN 56007

    $49,000
    1.06 AC lot

    1.06 acre residential land for sale in Albert Lea, MN.

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    Residential Lot in Quiet Neighborhood
    Residential Lot in Quiet Neighborhood

    1629 Seath Drive, Albert Lea, MN 56007

    $35,000
    1.17 AC lot

    Residential lot in Albert Lea, Minnesota, totaling 1.174 acres.

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    Commercial Development Land with IDD Zoning
    Commercial Development Land with IDD Zoning

    21133 775th St, Albert Lea, MN 56007

    $975,000
    6.50 AC lot

    6.5-acre parcel off Interstate 35 with IDD zoning and city utilities available for a wide range of commercial uses.

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    Residential Buildable Lot
    Residential Buildable Lot

    114 Main St, Walters, MN 56097

    Contact for pricing
    0.23 AC lot

    Build your next home on a small residential lot with utilities available nearby in a quiet Walters community.

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    Off-Market Properties in Albert Lea, MN

    Consider similar Off-Market properties in Albert Lea, MN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    108 Adams Ave
    APARTMENT HOUSE (5+ UNITS)

    108 Adams Ave, Albert Lea, MN 56007-2501

    $280,000
    Estimated value
    3,572 sqft
    View details
    Hammer Rd
    Land

    0 Hammer Rd, Albert Lea, MN 56007

    Value Estimation by Request
    88.24 AC lot
    View details
    510 Water St
    Land

    510 Water St, Albert Lea, MN 56007

    Value Estimation by Request
    0.20 AC lot
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Value Estimation by Request
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Value Estimation by Request
    View details
    2401 Ethel Ave
    MOBILE HOME PARK, TRAILER PARK

    2401 Ethel Ave, Albert Lea, MN 56007-5309

    Value Estimation by Request
    View details
    605 19th St
    MOBILE HOME PARK, TRAILER PARK

    605 19th St, Albert Lea, MN 56007

    Value Estimation by Request
    View details
    Albert Lea, MN 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    Value Estimation by Request
    View details
    Albert Lea, MN 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    $240,000
    Estimated value
    0.52 AC lot
    View details
    Albert Lea, MN 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    Value Estimation by Request
    View details

    Albert Lea, MN Residential Income Properties Market Trends and Statistics

    Explore 18 residential income properties for sale in Albert Lea, MN, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 14,238 square feet of properties for sale, with an estimated market value of $888,799.

    Sale prices for residential income properties in Albert Lea, MN start at $159,900, averaging $222,199, and reaching up to $314,000 — 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

    Multifamily properties 8
    Duplexes 3
    Apartment buildings 1
    Mobile home & RV parks 1
    Quadplexes 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 $221.6K

    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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