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Albert Lea, MN Multifamily Homes & Duplexes for Sale

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  • /23

    $279,900

    • 4 Beds
    • 4 Baths
    • 2,276 Sq Ft

    1429 Spartan Ave, Albert Lea, MN 56007

    Schedule your showing today for this well-maintained duplex. Each unit features 2 bedrooms and 2 bathrooms, spacious living areas with a nice deck off the kitchen.One unit has been recently updated with all new flooring throughout. The other unit has been updated and well maintained. Each unit also included a nice storage shed out back.

    Daniel Gullickson Robert Hoffman Realty Inc.

    1429 Spartan Ave, Albert Lea, MN 56007
  • /19

    $194,900

    • 6 Beds
    • 2 Baths
    • 2,064 Sq Ft

    919 W Front St, Albert Lea, MN 56007

    Investment opportunity. Welcome to this well maintained, triplex featuring a 4 bedroom unit, 2 bedroom unit and a 1 bedroom studio unit. All with separate entrances. Schedule your showing today.

    Daniel Gullickson Robert Hoffman Realty Inc.

    919 W Front St, Albert Lea, MN 56007
  • /25

    $139,900

    • 5 Beds
    • 2 Baths
    • 1,569 Sq Ft

    918 Jefferson Ave, Albert Lea, MN 56007

    Clean two unit, up and down duplex. The main level unit is a good sized 3 bedroom unit with great hardwood floors and built-ins and the upper unit is a 1 bedroom, potentially 2 bedroom apartment (use the 2nd room as a living room or a bedroom) with a nice private 2nd story deck. The property has central air and a 2 car garage also.

    Robert Hoffman Robert Hoffman Realty Inc.

    918 Jefferson Ave, Albert Lea, MN 56007
  • /24

    $79,900

    • 6 Beds
    • 3 Baths
    • 2,515 Sq Ft

    415 W College St, Albert Lea, MN 56007

    If you are looking for a multi-unit building and you have the ability to do the remodel yourself, this is a great opportunity. We gutted most of the kitchens and bathrooms in preparation for a remodel. The exterior has been recently painted and the roof doesn't leak. Additionally, the utilities are separate for each unit. There is a furnace in the basement ready to replace the old one that is

    Lanier Pratt Keller Williams Premier Realty

    415 W College St, Albert Lea, MN 56007
  • /10

    $189,000

    • 7 Beds
    • 3 Baths
    • 1,890 Sq Ft

    509 E 4th St, Albert Lea, MN 56007

    This charming up-down duplex in Albert Lea blends classic curb appeal with the ease of modern living, creating an ideal opportunity for investors or owner-occupants alike. Nestled within walking distance of local shops, dining, and everyday conveniences, the property also enjoys close proximity to Albert Lea Lake’s scenic beaches and celebrated natural attractions. The duplex features a

    Mike Wilen ™ Coldwell Banker Realty

    509 E 4th St, Albert Lea, MN 56007
  • /39

    $205,777

    • 4 Beds
    • 2 Baths
    • 1,692 Sq Ft

    507 Hills Ln, Albert Lea, MN 56007

    Fantastic Investment Opportunity!Don’t miss this rare find with strong cash flow potential! Live in one side and rent out the other for extra income — or add this turnkey duplex to your portfolio.Each unit features: • 2 bedrooms, 1 bath, kitchen, and spacious living room on the main floor • Full basement for storage or future expansion • Attached garage and private deck

    Josh Harmdierks Unique Realty

    507 Hills Ln, Albert Lea, MN 56007
  • /29

    $129,900

    • 2 Beds
    • 2 Baths
    • 1,620 Sq Ft

    1609 Stevens St, Albert Lea, MN 56007

    This north side duplex would make a great investment property. Nice spacious 1 bedroom apartments with hardwood floors. Both units have good size kitchens, and bedroom, and living rooms. Tenants pay electric and gas. Laundry facilities separate for both units. 2 stall detached garage for parking. Within minutes of easy interstate access to I90 and I35. Don' t hesitate on this investment and

    Josh Harmdierks Unique Realty

    1609 Stevens St, Albert Lea, MN 56007
  • /11

    $190,000 Coming Soon

    • 4 Beds
    • 2 Baths
    • 2,192 Sq Ft

    1420 Frank Hall Dr, Albert Lea, MN 56007

    2 unit up-and-down duplex with a very large detached garage. Duplex has great lake views of Albert Lea Lake across the street. There is additional space in the walk up attic that could be used as well as a 2nd, tuck under, garage in the walk out basement.

    Robert Hoffman Robert Hoffman Realty Inc.

    1420 Frank Hall Dr, Albert Lea, MN 56007
  • /24

    $189,900

    • 3 Beds
    • 4 Baths
    • 2,322 Sq Ft

    411 Court St, Albert Lea, MN 56007

    Fantastic 4-Plex Investment Opportunity!This well-maintained 4-unit property is a rare find for both seasoned investors and owner-occupants alike. Live in one apartment and let the rental income cover your mortgage, or simply enjoy steady cash flow from a fully rented building with long-term tenants.Property Highlights:• Solid investment with established tenants and consistent rental

    Anna Rahn LandProz Real Estate, LLC

    411 Court St, Albert Lea, MN 56007

Why Live in Albert Lea

Albert Lea, a small town in southern Minnesota with a population of about 18,000, is known for its picturesque lakes and vibrant community. Located approximately 90 miles south of the Twin Cities, Albert Lea features Fountain Lake and Albert Lea Lake, which are central to the town's outdoor recreation. Residents enjoy activities such as boating, fishing, waterskiing, kayaking, and canoeing. The town offers a variety of home styles, including bungalows, ranches, split- and bi-levels, with waterfront properties being the most sought after. Albert Lea boasts over 300 acres of parklands across more than 40 parks, including Myre Big Island State Park, which is home to diverse wildlife and a savanna landscape. The town's crime rate is lower than the national average, contributing to its appeal. Albert Lea's downtown area is lively with boutiques, local shops, and dining options like 112 on Broadway and Jake's Pizza. The town hosts numerous seasonal events, such as Wind Down Wednesdays and the Big Freeze, fostering a strong sense of community. Interstates 35 and 90 provide easy access to nearby cities, and Mason City Municipal Airport offers daily flights to Chicago. The SMART bus service facilitates local transportation. Albert Lea's humid climate brings hot summers and cold winters, with beautiful spring and fall seasons.

Home Trends in Albert Lea, MN

Housing Trends

Median Sale Price
$187,000
Median Single Family Sale Price
$191,000
Median Townhouse Sale Price
$225,000
Average Price Per Sq Ft
$123
Number of Homes for Sale
72
Last 12 months Home Sales
258
Months of Supply
3.30
Median List Price
$194,950
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
19%
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