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    Albert Lea, MN
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    Albert Lea, MN Residential Income Properties for Sale

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    Quadplex with Commercial Space
    Updated: Jul 3
    Quadplex with Commercial Space

    220 E 7th Street, Albert Lea, MN 56007

    $249,900
    2,800 sqft 0.16 AC lot
    2,800 SF quadplex with four bedrooms and four bathrooms
    Fourth unit is a commercial space currently operating as a laundry service
    Commercial area previously used as a salon and may convert back to salon use or another apartment
    Recent improvements include roof, metal siding, electric services, mini‑splits, paint, and some flooring
    Detached 3‑stall garage, carport, and large gravel parking lot
    View details
    Two-Unit Duplex with Tenants
    Updated: Apr 15
    Two-Unit Duplex with Tenants

    922 Jefferson Avenue, Albert Lea, MN 56007

    $164,999
    1,637 sqft 0.14 AC lot
    Two‑unit duplex with 1,637 square feet of building area
    Each unit includes 2 bedrooms, 1 bathroom, a kitchen, and a living room
    Both units are tenant‑occupied with monthly rent payments
    Situated on a 0.14‑acre lot at 922 Jefferson Avenue
    Vinyl exterior and forced‑air heating
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    Side-by-Side Duplex with Garage
    Side-by-Side Duplex with Garage

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

    $250,000
    0.21 AC lot

    Two attached residences offer practical layouts, on-site parking, and included kitchen and laundry appliances.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Duplex with Garage
    Two-Unit Duplex with Garage

    509 4th St, Albert Lea, MN 56007

    $189,000
    1,890 sqft

    Up-down layout with a detached garage, off-street parking, and a spacious front yard.

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    Two-Unit Duplex with Tenant Occupancy
    Two-Unit Duplex with Tenant Occupancy

    922 Jefferson Ave, Albert Lea, MN 56007

    $164,999
    1,637 sqft

    Both units offer two bedrooms, one bathroom, a kitchen, and a living area.

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    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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    Based on your search, we've compiled 29 Potential Opportunities for your consideration. Besides 11 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.

    Triplex with Detached Double Garage
    Triplex with Detached Double Garage

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

    $109,900
    1,811 sqft 0.48 AC lot

    Occupied triplex with varied apartment layouts, outdoor space, and a recently installed boiler.

    View details
    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    1103 8th St NW, Austin, MN 55912

    $210,000
    2,264 sqft

    Separate residences include a two-bedroom main-level unit and a one-bedroom upper-level unit, with current rental income from both.

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    Up-Down Duplex with Private Entrances
    Up-Down Duplex with Private Entrances

    309 3rd Ave SW, Austin, MN 55912

    $179,000
    1,944 sqft

    Classic two-unit property with separate entrances and recently painted wood siding.

    View details
    8-Unit Apartment Building
    8-Unit Apartment Building

    207 S Lake Street, Lake Mills, IA 50450

    $150,000
    0.20 AC lot

    The property offers a mix of one- and two-bedroom apartment layouts, with several units featuring newer flooring and paint.

    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.

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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.

    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.

    View details

    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
    Hammer Rd
    Land

    0 Hammer Rd, Albert Lea, MN 56007

    Estimated value:
    No data
    88.24 AC lot
    View details
    510 Water St
    Land

    510 Water St, Albert Lea, MN 56007

    Estimated value:
    No data
    0.20 AC lot
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Estimated value:
    No data
    View details
    1714 Margaretha Ave
    MOBILE HOME PARK, TRAILER PARK

    1714 Margaretha Ave, Albert Lea, MN 56007-3232

    Estimated value:
    No data
    View details
    2401 Ethel Ave
    MOBILE HOME PARK, TRAILER PARK

    2401 Ethel Ave, Albert Lea, MN 56007-5309

    Estimated value:
    No data
    View details
    605 19th St
    MOBILE HOME PARK, TRAILER PARK

    605 19th St, Albert Lea, MN 56007

    Estimated value:
    No data
    View details
    Albert Lea, MN 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    Estimated value:
    No data
    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 56007
    MOBILE HOME PARK, TRAILER PARK

    Albert Lea, MN 56007

    Estimated value:
    No data
    View details

    Albert Lea, MN Residential Income Properties Market Trends and Statistics

    Explore 21 residential income properties for sale in Albert Lea, MN, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 22,863 square feet of properties for sale, with an estimated market value of $1,868,498.

    Sale prices for residential income properties in Albert Lea, MN start at $99,900, averaging $186,849, and reaching up to $250,000 — 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 14
    Duplexes 9
    Quadplexes 3
    Apartment buildings 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 $190.8K

    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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