Seller's Agent in 2026
Robert Hoffman
Robert Hoffman Realty Inc.
(507) 402-7399
143 Total Sales
525 W Main St Albert Lea, MN 56007
Estimated Value: $252,000 - $283,940
6
Beds
4
Baths
2,636
Sq Ft
$103/Sq Ft
Est. Value
Highlights
- Corner Lot
- Laundry Room
- 4-minute walk to Central Territorial
About This Home
As of March 2026Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks and a deteched studio apartment with an attached garage. All for less than $69k a door. The repairs after the fire across the street made the property perfect. The new park and bike path across the street will make the location pretty amazing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,940
Year Built
- Built in 1940
Lot Details
- Lot Dimensions are 40x150
- Corner Lot
Home Design
- Triplex
Interior Spaces
- 2,636 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Boiler Heating System
Listing and Financial Details
- Tenant pays for broadband, cable TV, electricity, gas
- The owner pays for gas, heat, hot water, HVAC maintenance, insurance, grounds care, repairs, management, pest control, snow removal, taxes, trash collection, water
- Assessor Parcel Number 340072140
Community Details
Overview
- 4 Units
- Morins Add Subdivision
Amenities
- Laundry Facilities
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 16, 2026
Closed on
Feb 27, 2026
Sold by
Bought by
Seller's Agent
Robert Hoffman
Robert Hoffman Realty Inc.
Buyer's Agent
Robert Hoffman
Robert Hoffman Realty Inc.
List Price
$275,000
Sold Price
$275,000
Views
4
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,015
Avg. Annual Appreciation
-4.49%
Original Mortgage
$275,000
Outstanding Balance
$273,909
Interest Rate
6.06%
Mortgage Type
New Conventional
Estimated Equity
-$2,924
Purchase Details
Closed on
Aug 31, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 20, 2016
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,313
Interest Rate
3.92%
Purchase Details
Closed on
Mar 31, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
4.4%
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $275,000 | -- | ||
| $175,000 | None Available | ||
| $43,300 | -- | ||
| $87,500 | -- |
Source: Public Records
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $275,000 | ||
| Previous Owner | $140,000 | ||
| Previous Owner | $43,313 | ||
| Previous Owner | $87,000 |
Source: Public Records
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 |
|---|---|---|---|---|
| 03/06/2026 03/06/26 | Sold | $275,000 | 0.0% | $104 / Sq Ft |
| 01/17/2026 01/17/26 | Pending | -- | -- | -- |
| 01/16/2026 01/16/26 | For Sale | $275,000 | -- | $104 / Sq Ft |
Source: NorthstarMLS
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 | $2,136 | $101,600 | $14,300 | $87,300 |
| 2025 | $2,144 | $101,600 | $14,300 | $87,300 |
| 2024 | $1,318 | $101,400 | $6,100 | $95,300 |
| 2023 | $1,316 | $59,800 | $6,100 | $53,700 |
| 2022 | $2,502 | $59,600 | $6,100 | $53,500 |
| 2021 | $2,302 | $108,200 | $6,100 | $102,100 |
| 2020 | $2,290 | $97,900 | $6,100 | $91,800 |
| 2019 | $2,400 | $105,700 | $5,600 | $100,100 |
| 2018 | $2,160 | $0 | $0 | $0 |
| 2016 | $1,780 | $0 | $0 | $0 |
| 2015 | $1,720 | $0 | $0 | $0 |
| 2014 | $1,728 | $0 | $0 | $0 |
| 2012 | $2,428 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Hoffman
-
Angie Hoffman
Seller Co-Listing Agent in 2026
Angie Hoffman
Robert Hoffman Realty Inc.
(507) 402-7399
12 Total Sales
Map
Source: NorthstarMLS
MLS Number: 7009918
APN: 34.007.2140
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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