509 E 4th St Albert Lea, MN 56007
Albert Lea AreaEstimated payment $1,192/month
About This Home
This charming up-down duplex in Albert Lea offers timeless curb appeal and a versatile opportunity for both investors and owner-occupants. Ideally located within walking distance of local shops, dining, and everyday conveniences, the property is also just minutes from Albert Lea Lake’s scenic beaches and well-loved recreational amenities. The home features a well-maintained exterior, a spacious front yard ideal for relaxing or outdoor gatherings, and a detached 2-car garage providing valuable storage and off-street parking. Both units enjoy the comfort of a quiet residential setting with a peaceful, small-town feel while remaining conveniently close to everything Albert Lea has to offer. Whether you’re looking to generate rental income, expand your investment portfolio, or live in one unit while offsetting expenses with the other, this duplex presents a compelling combination of character, flexibility, and location.
Listing Agent
Coldwell Banker Realty - Lakes Brokerage Phone: 6124009000 Listed on: 01/02/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,808
Year Built
- Built in 1888
Parking
- 2 Car Detached Garage
Home Design
- Duplex
- Stone Foundation
- Fiberglass Siding
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,506 | $112,700 | $14,700 | $98,000 |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/02/2026 01/02/26 | For Sale | $189,000 | -- | $100 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $78,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,300 | New Conventional |
Source: NorthstarMLS
MLS Number: 7004302
APN: 34.033.2840
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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