Date
Details
Price
Change
Source
7/31/2026
Listed
$136,000
—
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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1/27
$136,000
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1/27
Property Description
Whether you're searching for your first home or a great investment opportunity, this affordable 3-bedroom, 1-bath home offers the perfect combination of value, comfort, and move-in-ready updates. Step inside to discover a bright, refreshed interior featuring all new flooring and fresh paint throughout the main level, creating a clean, modern feel from the moment you walk in. The functional layout offers comfortable living spaces, three well-sized bedrooms, and a full bath designed for everyday living. Outside, you'll appreciate the low-maintenance vinyl siding, providing lasting durability and attractive curb appeal. With its affordable price point, thoughtful updates, and opportunity to make it your own, this home is one you won't want to miss. Schedule your showing today and see all it has to offer!
Full Property Details
Full Property Details for 518 E 5th St
General
- Price: $136,000
- Taxes: $746 (2025)
- Status: Active
- Type: Single Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7119339
- Updated: 8/1/2026
- Added to Site: 11 day(s) ago
Interior
- Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Gravel
Location
- County: Freeborn
- Township: Albert Lea
- Subdivision: Lake Add
- Driving Directions: From Frank Ave, turn East onto 5th St, property is on the right.
School Information
- School District: 241 - Albert Lea
- High School District: Albert Lea
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Foundation Size: 616
- Disability Access: None
- Square Feet: 1,047
- Above Ground: 1,047 Sq. Ft.
- Below Ground: 616 Sq. Ft.
- Finished Down/Base.: 1,663 Sq. Ft.
- Year Built: 1923
Lot Features
- Lot Size (Acres): 0.1
- Lot Dimensions: 132 x 33
- Zoning: Residential-Single Family
Financial Considerations
- Tax Amount: $746
- Tax Year: 2025
- Terms: Conventional, VA, FHA, Cash, USDA
Disclosures and Reports
- Legal Description: LAKE ADDITION LOT-PT2 BLOCK-007 E 1/2 LOT 2 BLK 7 LAKE ADDITION
- Property ID: 340361860
Listed by eXp Realty
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NMLS#: 1598647
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Schools
Schools serving 518 E 5th St
School District:Albert Lea Public School District
| Name | Grades | Distance |
|---|---|---|
Halverson Elementary School 707 East 10th Street, Albert Lea, MN 56007 | K-5 | 0.6 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 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 518 E 5th St
Tax History
Tax History for 518 E 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,316
62%
$54,000
—
2024
$814
-24%
$54,000
11%
2023
$1,070
34%
$48,600
14%
2023
$800
37%
$42,800
-1%
2020
$582
—
$43,400
14%
2020
$582
—
$38,100
27%
2020
$582
18%
$29,900
16%
2019
$492
4%
$25,800
100%
2018
$474
1%
100%
2016
$468
—
—
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 518 E 5th St
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- Active
- Updated 4 days ago
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- Updated 4 days ago
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- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 2,157Sq. Ft.
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- Single Family
- Closed
- 2Beds
- 1Total Bath
- 786Sq. Ft.
Listed by Eos Realty, LLC
Sold by Dwell Realty Group LLC
Sold by Dwell Realty Group LLC
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,280Sq. Ft.
Listed by Realty ONE Group Black Diamond
Sold by Real Broker, LLC.
Sold by Real Broker, LLC.
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,241Sq. Ft.
Listed by Coldwell Banker River Valley, REALTORS
Sold by eXp Realty
Sold by eXp Realty
- Single Family
- Closed
- 3Beds
- 1Total Bath
- 1,538Sq. Ft.
Listed by Help-U-Sell Heritage Real Est.
Sold by Century 21 Atwood
Sold by Century 21 Atwood
518 E 5th Street, Albert Lea, MN 56007 (MLS# 7119339) is a Single Family property with 3 bedrooms and 1 full bathroom. 518 E 5th Street is currently listed for $136,000 and was received on July 31, 2026. Want to learn more about 518 E 5th Street? Do you have questions about finding other Single 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.