214 W College Street, Albert Lea, MN 56007 (MLS# 7154528)

214 W College Street, Albert Lea, MN 56007

New Listing
$94,900
Property Type: Multi-Family Bedrooms: 2 Baths: 2 Square Footage: 2,297 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $94,900 List Date: 10/02/2026 Last Modified: 10/03/2026

Overview

Description

Affordable duplex investment opportunity at 214 W College St in Albert Lea. This cash-flowing property offers two separate units, providing rental income from both sides and an excellent opportunity to build or expand a rental portfolio. The property offers a practical layout, affordable price point, and established rental potential. Whether you're a first-time investor looking for an entry-level property or an experienced landlord adding another unit to your portfolio, this duplex offers the opportunity to generate income while building long-term equity. Conveniently located near local amenities, schools, shopping, and downtown Albert Lea. An affordable duplex with income-producing potential is hard to beat.

Listing Details MLS# 7154528

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1888
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
848
Above Ground SqFt
1449
Below Grd Total SqFt
848
Total SqFt
2297
Foundation Size
848
Style
(MF) Duplex Up and Down
Total Finished Sqft
1449.00
Lot Dimensions
75x103
Acres
0.17
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Full; Unfinished Construction Status: Previously Owned Exterior: Vinyl Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
94900
ListPrice
94900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
214
Street Direction Prefix
W
Street Name
College
Street Suffix
Street
Postal City
Albert Lea
County
Freeborn
State
MN
Zip Code
56007
Complex/Dev/Subdivision
Morins Add

Assessments

Tax With Assessments
1688

Building Information

Finished SqFt Above Ground
1449

More Information

Income and Expenses

Annual Gross Income
15600

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Annual Rent
7800
Finished SqFt
848
Full Baths
Yes
Monthly Rent
650
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
5

Unit 2

Furnished?
No
Leased?
Yes
Unit Number
2
3/4 Baths
Yes
Annual Rent
7800
Finished SqFt
601
Monthly Rent
650
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
2
IDX
Listing Office: eXp Realty
Last Updated: October - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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