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Albert Lea, MN Multifamily Homes & Duplexes for Sale

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  • /25

    $259,900

    • 3 Beds
    • 2 Baths
    • 3,496 Sq Ft

    115 N Newton Ave, Albert Lea, MN 56007

    Welcome to 115 Newton N Avenue, where modern luxury meets unbeatable location! Whether you’re looking for an investment property with outstanding ROI, a turn-key Airbnb, long term lease property, or a stylish live/work setup, this stunning, fully renovated gem has it all! Prime Features & Flexibility• Brand-new off-street parking lot with 24-hour parking—a rare find downtown!• Zoned for

    Anna Rahn HomeProz Real Estate

    115 N Newton Ave, Albert Lea, MN 56007
  • /23

    $269,000

    • 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
  • /24

    $180,000

    • 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 HomeProz Real Estate

    411 Court St, Albert Lea, MN 56007
  • /16

    $115,000

    • 4 Beds
    • 2 Baths
    • 2,280 Sq Ft

    717 Minnesota Ave, Albert Lea, MN 56007

    Duplex in a residential neighborhood. Both units are good sized 2 bedroom units. Central heating and AC. Could own as an investment property and rent out both units, or could be owner occupied in one unit and rent the other unit, or could convert back to a single family house. Or could even rent the whole house as one unit.

    Daniel Raygor Keller Williams Premier Realty

    717 Minnesota Ave, Albert Lea, MN 56007
  • /25

    $121,500

    • 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
  • /33

    $189,900

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

    1420 Frank Hall Dr, Albert Lea, MN 56007

    Large 4 bedroom two bathroom up/ down duplex w/detached 3 stall garage and a tuck under front garage. Lake view. Excellent investment opportunity. Top floor attic space offers additional living space or large storage opportunity.

    Rick Mummert Century 21 Atwood

    1420 Frank Hall Dr, 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
  • /19

    $189,500

    • 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

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
$189,900
Median Townhouse Sale Price
$227,000
Average Price Per Sq Ft
$125
Number of Homes for Sale
57
Last 12 months Home Sales
257
Months of Supply
2.70
Median List Price
$190,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
21%
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