509 E 4th Street, Albert Lea, MN 56007 (MLS# 7160385)

509 E 4th Street, Albert Lea, MN 56007

New Listing
$189,000
Property Type: Multi-Family Bedrooms: 7 Baths: 3 Square Footage: 2,970 Lot Size (sq. ft.): 9,148 Status: Active
Current Price: $189,000 List Date: 10/15/2026 Last Modified: 10/16/2026

Overview

Description

Classic curb appeal and a versatile up-and-down duplex layout make this Albert Lea property an appealing opportunity for investors and owner-occupants alike. Situated on a quiet residential street, the property features an attractive front yard and a detached two-car garage, with local shopping, dining, and everyday conveniences within walking distance. Albert Lea Lake, area beaches, and the region’s outdoor recreation are also nearby, adding to the appeal of this established neighborhood setting. The two-unit configuration offers flexibility for generating rental income, expanding an investment portfolio, or living in one unit while renting the other. Tenants are responsible for electricity, while the owner covers all remaining utilities. With its practical amenities, convenient location, and flexible ownership potential, this duplex offers an opportunity to invest in Albert Lea real estate.

Listing Details MLS# 7160385

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1888
Yearly/Seasonal
Seasonal
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1080
Above Ground SqFt
1890
Below Grd Total SqFt
1080
Total SqFt
2970
Foundation Size
1080
Style
(MF) Duplex Up and Down
Total Finished Sqft
1890.00
Garage Stalls
2
Lot Dimensions
197x55
Acres
0.21
Assessment Pending
Unknown

Property Features

Accessible: None Basement: Full Construction Status: Previously Owned Exterior: Fiber Board Foundation: Stone Fuel: Natural Gas Heating: Forced Air Owner Pays: Fuel Parking Characteristics: Storage; Unassigned Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
189000
ListPrice
189000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
509
Street Direction Prefix
E
Street Name
4th
Street Suffix
Street
Postal City
Albert Lea
County
Freeborn
State
MN
Zip Code
56007

Assessments

Tax With Assessments
1808

Building Information

Finished SqFt Above Ground
1890

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
400

Public Survey Info

Section#
33
Township#
34

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Finished SqFt
Yes
Full Baths
2
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
5
Total Rooms
Yes

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
3

Unit Details

Total Units
2
IDX
Listing Office: Coldwell Banker Realty - Lakes
Last Updated: October - 16 - 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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