509 E 4th St Albert Lea, MN 56007
Estimated payment $1,158/month
About This Home
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 thoughtfully maintained exterior, including a spacious front yard perfect for outdoor gatherings and a detached 2-car garage offering practical storage and off-street parking. Both units benefit from a quiet, residential setting that feels distinctly country while remaining connected to the heart of town. Whether you're seeking stable rental income or a comfortable home with an additional unit, this Albert Lea duplex delivers the ideal mix of serenity, charm, and everyday convenience.
Listing Agent
Mike Wilen ™
Coldwell Banker Realty Brokerage Phone: 612-400-9000 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,808
Year Built
- Built in 1888
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,890 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 197x55
- Forced Air Heating System
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1
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 | $2,552 | $112,700 | $14,700 | $98,000 |
| 2024 | $2,346 | $112,700 | $14,700 | $98,000 |
| 2023 | $2,522 | $104,900 | $14,700 | $90,200 |
| 2022 | $2,128 | $100,600 | $10,300 | $90,300 |
| 2021 | $1,808 | $70,600 | $10,300 | $60,300 |
| 2020 | $2,074 | $74,800 | $10,300 | $64,500 |
| 2019 | $1,824 | $64,400 | $8,800 | $55,600 |
| 2018 | $1,786 | $0 | $0 | $0 |
| 2016 | $1,606 | $0 | $0 | $0 |
| 2015 | $1,554 | $0 | $0 | $0 |
| 2014 | $1,562 | $0 | $0 | $0 |
| 2012 | $1,660 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $189,000 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $78,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $5,000,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6736360
APN: 34.033.2840
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