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$275,000

  • Sold
  • Closed
  • Triplex
  • 6 Beds
  • 4 Total Baths
  • 2,636 Sq. Ft.
  • Updated 13 days ago
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Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks and a deteched studio apartment with an attached garage. All for less than $69k a door. The repairs after the fire across the street made the property perfect. The new park and bike path across the street will make the location pretty amazing!

Full Property Details for 525 W Main St

General

  • Sold For: $275,000
  • Taxes: $1,940 (2025)
  • Status: Closed
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7009918
  • Added to Site: 64 day(s) ago

School Information

  • School District: 1141 - Albert Lea
  • High School District: Albert Lea

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Financial Considerations

  • Tax Amount: $1,940
  • Tax Year: 2025
  • Owner Pays: Gas, Heat, Hot Water, HVAC Maintenance, Insurance, Grounds Care, Repairs, Management, Pest Control, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Broadband, Cable TV, Electricity, Gas
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: MORIN'S ADDITION LOT-012 BLOCK-006 W 1/2 LOT 12 BLK 6 MORIN ADDN
  • Property ID: 340072140

Listed by Robert Hoffman Realty Inc.
Sold by Robert Hoffman Realty Inc.

Listing agents

— 525 W Main St —

  • Robert Hoffman Realty Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 525 W Main St

School District:Albert Lea Public School District
NameGradesDistance
Lakeview Elementary School, Albert Lea, MN
902 Abbott Street, Albert Lea, MN 56007
K-50.5 mi
Southwest Middle School
1601 West Front Street, Albert Lea, MN 56007
6-70.9 mi
Albert Lea Senior High School
2000 Tiger Lane, Albert Lea, MN 56007
8-122.2 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 525 W Main St

Date
Details
Price
Change
Source
3/06/2026
Sold
$275,000
—
MLS
1/16/2026
Listed
$275,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Down Payment Resource

Listed by Robert Hoffman Realty Inc.
Sold by Robert Hoffman Realty Inc.

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525 W Main Street, Albert Lea, MN 56007 (MLS# 7009918) is a Triplex property that was sold at $275,000 on March 06, 2026. Want to learn more about 525 W Main Street? Do you have questions about finding other Triplex 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.