Date
Details
Price
Change
Source
1/02/2026
Listed
$189,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/10
$189,000
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Property Description
This charming up-down duplex in Albert Lea blends classic curb appeal with the ease of modern living, creating an ideal opportunity for investors or owner-occupants alike. Nestled within walking distance of local shops, dining, and everyday conveniences, the property also enjoys close proximity to Albert Lea Lake's scenic beaches and celebrated natural attractions. The duplex features a thoughtfully maintained exterior, including a spacious front yard perfect for outdoor gatherings and a detached 2-car garage offering practical storage and off-street parking. Both units benefit from a quiet, residential setting that feels distinctly country while remaining connected to the heart of town. Whether you're seeking stable rental income or a comfortable home with an additional unit, this Albert Lea duplex delivers the ideal mix of serenity, charm, and everyday convenience.
Full Property Details
Full Property Details for 509 4th St
General
- Price: $189,000
- Taxes: $1,808 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7004302
- Updated: 1/3/2026
- Added to Site: 15 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Detached Garage
Location
- County: Freeborn
- Township: Albert Lea
- Driving Directions: From I-35 S to I-35BUS/US-65 S in Albert Lea. Take exit 12 from I-35 S, Continue on I-35BUS/US-65 S. Drive to E 4th St.
School Information
- School District: 1141 - Albert Lea
- High School District: Albert Lea
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full
- Foundation Size: 1080
- Roof: Asphalt
- Disability Access: None
- Square Feet: 1,890
- Above Ground: 1,890 Sq. Ft.
- Below Ground: 1,080 Sq. Ft.
- Year Built: 1888
Lot Features
- Lot Size (Acres): 0.21
- Lot Dimensions: 197 x 55
- Zoning: Residential-Multi-Family
Financial Considerations
- Tax Amount: $1,808
- Tax Year: 2025
- Owner Pays: Fuel
Disclosures and Reports
- Legal Description: HALL'S ADDITION Lot-008 Block-010 W 55 1/2 FT LOT 8 EXC N 35 FT BLK 10 HALLS ADDITION
- Property ID: 1
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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NMLS#: 1598647
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Schools
Schools serving 509 4th St
School District:Albert Lea Public School District
| Name | Grades | Distance |
|---|---|---|
Halverson Elementary School 707 East 10th Street, Albert Lea, MN 56007 | K-5 | 0.7 mi |
Southwest Middle School 1601 West Front Street, Albert Lea, MN 56007 | 6-7 | 1.5 mi |
Albert Lea Senior High School 2000 Tiger Lane, Albert Lea, MN 56007 | 8-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 4th St
Tax History
Tax History for 509 4th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,552
9%
$112,700
—
2023
$2,346
-7%
$112,700
7%
2023
$2,522
22%
$104,900
4%
2020
$2,074
—
$100,600
42%
2020
$2,074
—
$70,600
-6%
2020
$2,074
14%
$74,800
16%
2019
$1,824
2%
$64,400
100%
2018
$1,786
11%
100%
2016
$1,606
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 509 4th St
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- Lots/Land
- Active
- Updated 3 days ago
- 11.03Acres
Listed by Whitetail Properties Real Estate
- Lots/Land
- Active
- Updated 14 hours ago
- 0.16Acres
Listed by Robert Hoffman Realty Inc.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 1Total Bath
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Listed by Super Realty
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- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,797Sq. Ft.
Listed by Gold Door Realty LLC
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,150Sq. Ft.
Listed by Real Broker, LLC.
- Single Family
- Active
- Updated 14 hours ago
- 4Beds
- 3Total Baths
- 2,445Sq. Ft.
Listed by Century 21 Atwood
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 983Sq. Ft.
Listed by RE/MAX Masters
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,421Sq. Ft.
Listed by Keller Williams Preferred Rlty
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- Commercial
- Closed
- Updated 9 days ago
- 0.28Acres
Listed and Sold by Century 21 Atwood
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 2,160Sq. Ft.
Listed by Leland Realty
Sold by Coldwell Banker River Valley, REALTORS
Sold by Coldwell Banker River Valley, REALTORS
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 1,398Sq. Ft.
Listed by Ruby Realty
Sold by Keller Williams Select Realty
Sold by Keller Williams Select Realty
- Single Family
- Closed
- 3Beds
- 3Total Baths
- 2,208Sq. Ft.
Listed by Unique Realty
Sold by Unique Realty
Sold by Unique Realty
509 4th Street, Albert Lea, MN 56007 (MLS# 7004302) is a Multi-Family property with 2 units containing 7 bedrooms and 0 full bathrooms. 509 4th Street is currently listed for $189,000 and was received on January 02, 2026. This property is listed by Mike Wilen from our Minneapolis Lakes Office.Want to learn more about 509 4th Street? Do you have questions about finding other Multi-Family real estate for sale in Albert Lea? You can browse all Albert Lea real estate or contact a Coldwell Banker agent to request more information.