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    Albert Lea, MN
    Residential Income

    Albert Lea, MN Residential Income Properties for Sale

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    Found 9 residential income property listings for sale in Albert Lea, MN, averaging $86/sq ft. Use valuation data to compare deals faster.
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    Four-Unit Mixed-Use Property
    Updated: Jul 3
    Four-Unit Mixed-Use Property

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot
    Four‑unit property with residential and commercial space
    Commercial unit currently operates as a laundry service
    2,800 square feet on a 0.1607‑acre lot
    Built in 1949; improvements include roof, siding, electrical work, mini‑splits, paint, and some flooring
    Corner location at E 7th Street and James Avenue
    View details
    Side-by-Side Duplex with Garage
    Updated: Aug 24
    Side-by-Side Duplex with Garage

    1602/1604 W Front Street, Albert Lea, MN 56007

    $245,000
    0.21 AC lot
    Two side‑by‑side units, each with 2 bedrooms and 1 full bath
    0.21‑acre parcel with a two‑stall garage and one additional carport
    Wall ovens, cooktops, refrigerators, washers, and dryers included
    Windows have been replaced; exterior features steel siding
    Built in 1959 with forced‑air heating and shingle roof
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    Duplex with Updated Mechanical Systems
    Duplex with Updated Mechanical Systems

    817 Madison Avenue, Albert Lea, MN 56007

    $99,000
    1,270 sqft 0.11 AC lot

    A basement and forced-air heating complement the property’s newer furnace and water heater.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Two-Unit Duplex with Detached Garage
    Two-Unit Duplex with Detached Garage

    506 W College St, Albert Lea, MN 56007

    $179,900
    1,792 sqft

    Two-level income property with separate residences, private outdoor space, and on-site parking.

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    Duplex with Detached Garage
    Duplex with Detached Garage

    221 N 3rd Ave, Albert Lea, MN 56007

    $169,900
    1,990 sqft

    Two separately entered residences provide a flexible configuration for owner occupancy or rental use.

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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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    Up-Down Duplex with Detached Garage
    Up-Down Duplex with Detached Garage

    918 Jefferson Ave, Albert Lea, MN 56007

    $99,900
    1,316 sqft

    Vacant two-level duplex with separate kitchens, a private upper deck, central AC, and flexible single-family conversion potential.

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    Quadplex With Commercial Space
    Quadplex With Commercial Space

    Albert Lea, MN 56007

    $249,900

    Four-unit property with an adaptable commercial component, city licensing, dedicated parking, and updated building systems.

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    Side-by-Side Duplex Near Medical Center
    Side-by-Side Duplex Near Medical Center

    Albert Lea, MN 56007

    $150,000

    City-licensed duplex with one remodeled unit and a second unit being prepared for occupancy.

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    9 active listings match your search: Residential Income for sale in Albert Lea, MN. Based on your search, we've also compiled 18 Potential Opportunities for your consideration: 4 properties in nearby cities, 10 off-market properties to explore as potential leads, and 4 land listings with development potential.

    Opportunities in Nearby Cities

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

    Duplex with Detached Garage
    Duplex with Detached Garage

    725 S Cedar Avenue, Owatonna, MN 55060

    $240,000
    2,709 sqft 0.25 AC lot

    Two residential units provide six bedrooms and two bathrooms across a corner parcel in Owatonna.

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    Duplex with Attached Garage
    Duplex with Attached Garage

    109 10th Avenue SE, Waseca, MN 56093

    $235,000
    2,352 sqft

    Each residence has two bedrooms, one bathroom, and its own laundry; parking includes a garage and a separate driveway.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    805 S Cedar Avenue, Owatonna, MN 55060

    $399,900
    0.30 AC lot

    Updated interiors, a newer boiler, and a detached garage support this residential income property.

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    Triplex with Basement
    Triplex with Basement

    610 SE 3rd Avenue, Waseca, MN 56093

    $174,800
    0.20 AC lot

    Three-unit residential property with forced-air heating and a shingle roof.

    View details

    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.

    View details
    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.

    View details
    Interstate Commercial Development Land
    Interstate Commercial Development Land

    21133 775th St, Albert Lea, MN 56007

    $975,000
    6.50 AC lot

    Commercial land with IDD zoning, utility availability, and direct connectivity to Interstate 35 and East Main Street.

    View details
    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

    Estimated value:
    $280,000
    3,572 sqft
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Estimated value: by Request
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Estimated value: by Request
    View details
    2401 Ethel Ave
    MOBILE HOME PARK, TRAILER PARK

    2401 Ethel Ave, Albert Lea, MN 56007-5309

    Estimated value: by Request
    View details
    605 19th St
    MOBILE HOME PARK, TRAILER PARK

    605 19th St, Albert Lea, MN 56007

    Estimated value: by Request
    View details
    Albert Lea, MN 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    Estimated value:
    $240,000
    0.52 AC lot
    View details

    Albert Lea, MN Residential Income Properties Market Trends and Statistics

    Explore 19 residential income properties for sale in Albert Lea, MN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 18,969 square feet of properties for sale, with an estimated market value of $1,443,500.

    Sale prices for residential investment properties in Albert Lea, MN start at $99,000, averaging $180,437, and reaching up to $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

    Multifamily properties 11
    Duplexes 7
    Quadplexes 3

    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 $171.1K

    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%

    Listings Trend

    New vs delisted commercial listings in Freeborn County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Freeborn County

    Residential Income

    How Realmo verifies these figures

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    Popular Searches in Albert Lea, MN

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    Most Searched ZIP Codes in Albert Lea, MN

    • 56007

    Featured Albert Lea Real Estate Agencies

    Realmo connects you with licensed Albert Lea CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Leland Realty, Inc.
    305 1st Ave S Albert Lea, MN 56007
    Phone: (507) 373-9586
    www.lelandrealty.com
    Why this one?

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