Courtesy: HomeProz Real Estate
507-373-5660
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.
Courtesy: Keller Williams Premier Realty
507-424-4422
Exceptional 3 Bedroom 4 Bath 4-Plex located on the corner of 7th Street and James Ave. The fourth unit is a commercial space that is currently a laundry service. It was formally a salon and could be converted back to a salon or another apartment. This property has been rented continuously with a solid rental history. Significant remodeling occurred on the property since it was purchased including new roof, medal siding, electric services, mini-splits, paint and some flooring. The property is licensed through the city and the rent is just under $3000/month. The tenants are responsible for paying their own utilities. There is ample parking on the large gravel parking lot and the 3-stall garage. This turn key property is definitely one to look at.
Courtesy: National Realty Guild
651-330-8001
This property is a duplex. Each unit features two bedrooms, one bathroom, a kitchen, and a living room. Currently, the property has tenants who are paying per month. This property is a great opportunity for investors, as it essentially pays for itself. It is also ideal for someone looking to buy their first home, as you can live in one unit and use the rent from the other unit to help pay your mortgage. This property is available now, so don't miss out!.
Courtesy: Robert Hoffman Realty Inc.
507-473-2099
Spacious up-and-down duplex located on a corner lot. Each unit offers comfortable living space with separate entrances, making it ideal for owner-occupants or investors. Property features a 1 bedroom, 1 bath main level unit with a 2 bedroom, 1 bath upper unit. Detached 2 stall garage. Schedule your showing today.
Courtesy: Robert Hoffman Realty Inc.
507-473-2099
Take a look at this updated Triplex! You can move in to the main floor and rent the other 2 or rent out all 3! Everything has been updated so start making money right away! The main floor has 2 bedrooms 1 bath laundry, eat in kitchen and a good sized living room. There is 2 upstairs one is 2 bedroom 1 bath and the other is 1 bedroom 1 bath with shared laundry in the basement. Located near the beach! Take a look today!
Courtesy: Coldwell Banker Realty - Lakes
612-920-5605
This charming up-down duplex in Albert Lea offers timeless curb appeal and a versatile opportunity for both investors and owner-occupants. Ideally located within walking distance of local shops, dining, and everyday conveniences, the property is also just minutes from Albert Lea Lake’s scenic beaches and well-loved recreational amenities. The home features a well-maintained exterior, a spacious front yard ideal for relaxing or outdoor gatherings, and a detached 2-car garage providing valuable storage and off-street parking. Both units enjoy the comfort of a quiet residential setting with a peaceful, small-town feel while remaining conveniently close to everything Albert Lea has to offer. Whether you’re looking to generate rental income, expand your investment portfolio, or live in one unit while offsetting expenses with the other, this duplex presents a compelling combination of character, flexibility, and location.
Courtesy: Robert Hoffman Realty Inc.
507-473-2099
Investment opportunity. Welcome to this well maintained, triplex featuring a 4 bedroom unit, 2 bedroom unit and a 1 bedroom studio unit. All with separate entrances. Schedule your showing today.
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. 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. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2026, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved
Albert Lea is located in Minnesota. Albert Lea, Minnesota has a population of 18,433. Albert Lea is less family-centric than the surrounding county with 23.74% of the households containing married families with children. The county average for households married with children is 25.36%.
The median household income in Albert Lea, Minnesota is $51,047. The median household income for the surrounding county is $59,862 compared to the national median of $69,021. The median age of people living in Albert Lea is 43.6 years.
The average high temperature in July is 81.2 degrees, with an average low temperature in January of 5 degrees. The average rainfall is approximately 34.3 inches per year, with 38.7 inches of snow per year.
