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$189,000

7 Beds 3 Baths 1,890 SQFT 0.21 Acres
Type: Multi-Family

509 E 4th Street
Albert Lea, MN 56007

MLS#: 7160385
Nathaniel & Jamie Pettis
Nathaniel & Jamie Pettis
The Real Estate Advantage
Real Estate Agents
Phone: 612.323.8989
Office: 763.755.1100
Presented by: Coldwell Banker Realty - Lakes

Property 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.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area1,890 sqft
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Garage Square Feet400

General

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces0
CityAlbert Lea
ContingencyNone
CountyFreeborn
DirectionsFrom I-35 S to Albert Lea. Drive to E 4th St.
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income0
HeatingForced Air
High School DistrictAlbert Lea
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,890 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysFuel
PostalCityAlbert Lea
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAsphalt
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$1,808
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1888
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,970 sqft
Foundation Area1,080 sqft
Lot Dimensions197x55
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt, Storage, Unassigned
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$189,000

7 Beds 3 Baths 1,890 SQFT 0.21 Acres
Type: Multi-Family

509 E 4th Street
Albert Lea, MN 56007

MLS#: 7160385
Nathaniel & Jamie Pettis
Nathaniel & Jamie Pettis
The Real Estate Advantage
Real Estate Agents
Phone: 612.323.8989
Office: 763.755.1100