415 W College St Albert Lea, MN 56007
Estimated payment $499/month
About This Home
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 there. There was a small water loss event in one unit a year ago or so and the plumbing would need to be repaired. This has the potential to have (3) 2 bedroom 1 bath units that could rent starting at $850/mo. each depending on how nice the remodel is. The agent is the owner so reach out with any questions. The property is a show and go so schedule through ShowingTime.
PLEASE WATCH YOUR STEP IN UNIT 2 AS THE BATHROOM FLOOR HAS BEEN REMOVED IN PREPARATION FOR NEW FLOORING.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $742
Year Built
- Built in 1890
Home Design
- Triplex
- Shake Siding
Interior Spaces
- 2,515 Sq Ft Home
- 2-Story Property
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 67x20
- Forced Air Heating System
Community Details
- 3 Units
- Cottage Place Add Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection
- Assessor Parcel Number 340130110
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $946 | $50,600 | $18,200 | $32,400 |
| 2024 | $868 | $39,700 | $7,800 | $31,900 |
| 2023 | $864 | $37,100 | $7,800 | $29,300 |
| 2022 | $752 | $37,000 | $7,800 | $29,200 |
| 2021 | $712 | $27,600 | $7,800 | $19,800 |
| 2020 | $710 | $25,600 | $7,800 | $17,800 |
| 2019 | $1,754 | $8,400 | $7,200 | $1,200 |
| 2018 | $852 | $0 | $0 | $0 |
| 2016 | $1,130 | $0 | $0 | $0 |
| 2015 | $466 | $0 | $0 | $0 |
| 2014 | $466 | $0 | $0 | $0 |
| 2012 | $848 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | For Sale | $79,900 | -- | $32 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $126,665 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $434,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6742759
APN: 34.013.0110
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