918 Jefferson Ave Albert Lea, MN 56007
Albert Lea AreaEstimated payment $679/month
About This Home
Whether you're looking to expand your investment portfolio or purchase a property with the opportunity to offset your mortgage, this versatile up/down duplex offers exceptional potential! It’s conveniently located in Albert Lea, has Central AC, a detached double garage, replacement windows, and great income-producing potential! There is flexibility to continue as a duplex or easily convert it back into a spacious single-family home.
The main level unit:
• Offers comfortable living space!
• Three bedrooms with generous closet space and built-in storage
• Full bathroom
• Spacious living room
• Large kitchen featuring abundant cabinetry
The upper-level unit:
• One-bedroom with large closet
• Large bright living room area with newer carpet
• Full bathroom with ample storage
• A kitchen that opens to a private deck overlooking the neighborhood—an inviting space to relax and unwind.
Additional features for this property include hardwood floors and charming built-ins!
Based on current market rents, the property offers an estimated rental income potential of $1,850+ per month, with the main level projected at $1,000+ per month and the upper level at approximately $850 per month.
The property is currently vacant, allowing a new owner the opportunity to select tenants and establish market rents from day one. Affordable duplexes continue to see strong buyer demand in Albert Lea, making this an attractive opportunity for investors, owner-occupants, or buyers seeking a property with future flexibility and upside potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,500
Year Built
- Built in 1900
Parking
- 2 Car Garage
Home Design
- Duplex
- Block Foundation
- Aluminum Siding
Interior Spaces
- 1,316 Sq Ft Home
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Deck
- Lot Dimensions are 50x122
- Forced Air Heating System
Community Details
- 2 Units
- Railroad Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 340141480
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 | $1,500 | $120,800 | $13,700 | $107,100 |
| 2025 | $1,352 | $120,800 | $13,700 | $107,100 |
| 2024 | $1,322 | $89,400 | $5,900 | $83,500 |
| 2023 | $1,318 | $82,700 | $5,900 | $76,800 |
| 2022 | $1,688 | $82,300 | $5,900 | $76,400 |
| 2021 | $1,604 | $57,100 | $5,900 | $51,200 |
| 2020 | $1,618 | $52,300 | $5,900 | $46,400 |
| 2019 | $1,578 | $51,500 | $5,400 | $46,100 |
| 2018 | $1,482 | $0 | $0 | $0 |
| 2016 | $1,488 | $0 | $0 | $0 |
| 2015 | $988 | $0 | $0 | $0 |
| 2014 | $992 | $0 | $0 | $0 |
| 2012 | $1,292 | $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 |
|---|---|---|---|---|
| 09/14/2026 09/14/26 | Price Changed | $99,900 | -16.7% | $76 / Sq Ft |
| 07/20/2026 07/20/26 | For Sale | $119,900 | -- | $91 / Sq Ft |
Source: NorthstarMLS
MLS Number: 7113049
APN: 34.014.1480
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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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