For Sale: Albert Lea MLS# 7049528
Active
$149,900
Multi-family: Duplex Up and Down
3 br • 3 ba • Built 1897
1,724 sqft • 0.35 acres
MLS# 7049528
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Property Description
What a fantastic investment opportunity!
This up-and-down duplex is ideally located just one block from the lake, offering beautiful lake views, and sits directly across the street from an elementary school—an unbeatable location!
The main level features three spacious bedrooms, a full bathroom, a functional kitchen, a formal dining room, and a comfortable living area. You’ll also appreciate the partially finished basement—perfect for a workout space, hobby room, or additional storage. There’s plenty of room to spread out and make it your own.
Upstairs, you’ll find a separate one-bedroom apartment complete with its own kitchen, living room, bedroom, and bathroom—ideal for rental income or guests.
Additional highlights include a two-stall detached garage providing ample parking and storage. With a little work, this property could easily be converted back into a single-family home if desired.
Whether you’re looking for a rental property, short-term income opportunity (VRBO/Airbnb), or a versatile home in a prime location, this one checks all the boxes.
Priced to sell—don’t miss out on this opportunity!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$149,900
Price per sq ft:
$87
Property Type:
Multi-family
City:
Albert Lea
Garage Spaces:
2
County:
Freeborn
Year Built:
1897
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56007
Subdivision Name:
Parkers Add
Interior
Bedrooms:
3
Bathrooms:
3
Finished Area:
1,724 ft2
Living Area:
1,724 ft2
Refrigerators:
Two
Basement Details:
- Block
- Partial
- Partially Finished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
24x22
Garage Size:
528 ft2
Foundation Size:
793 ft2
Foundation Dimensions:
793
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Forced Air
- Gravity
Parking Features:
- Concrete
- Detached Garage
- Shared Driveway
Road Frontage:
City Street
Exterior Material:
Frame
Pool:
None
Roof Details:
Asphalt
Rooms
Laundry:
In Basement
Lot & Land
Acres:
0.35
Geolocation:
43.653686, -93.380033
Lot Dimensions:
.35
Zoning:
Residential-Single Family
Schools
School District:
1141
District Phone:
5073794800
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$1,442
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,512
Income
Annual Gross Income:
None
Rent
Annual Net Income:
None
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Freeborn - Mower Cooperative Services
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Unique Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.