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For Sale:  Albert Lea MLS# 7160385

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Active NEW!
$189,000
/mo Edit
Multi-family:  Duplex Up and Down
7 br • 3 ba • Built 1888
1,890 sqft • 0.21 acres
Albert Lea schools
MLS# 7160385
763-576-8286
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    Property Description

    Classic curb appeal and a versatile up-and-down duplex layout make this Albert Lea property an appealing opportunity for investors and owner-occupants alike. Situated on a quiet residential street, the property features an attractive front yard and a detached two-car garage, with local shopping, dining, and everyday conveniences within walking distance. Albert Lea Lake, area beaches, and the region’s outdoor recreation are also nearby, adding to the appeal of this established neighborhood setting. The two-unit configuration offers flexibility for generating rental income, expanding an investment portfolio, or living in one unit while renting the other. Tenants are responsible for electricity, while the owner covers all remaining utilities. With its practical amenities, convenient location, and flexible ownership potential, this duplex offers an opportunity to invest in Albert Lea real estate.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $189,000
    Price per sq ft: $100
    Property Type: Multi-family
    City: Albert Lea
    Garage Spaces: 2
    County: Freeborn
    Year Built: 1888
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56007

    Interior

    Bedrooms: 7
    Bathrooms: 3
    Finished Area: 1,890 ft2
    Living Area: 1,890 ft2
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Size: 400 ft2
    Foundation Size: 1,080 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached Garage
    • Storage
    • Unassigned
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.21
    Geolocation: 43.6405454715, -93.3615840539
    Lot Dimensions: 197 x 55
    Zoning: Residential-Multi-Family

    Schools

    School District: 241
    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: $1,808
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,808

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty - Lakes.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.