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$275,000 Just Listed

  • For Sale
  • Active
  • Triplex
  • 6 Beds
  • 4 Total Baths
  • 2,636 Sq. Ft.
  • Updated 6 hours 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

  • Price: $275,000
  • Taxes: $1,940 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7009918
  • Updated: 1/16/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Basement, Common Area, Laundry Room, In Basement, Common Area, Laundry Room

Location

  • County: Freeborn
  • Township: Albert Lea
  • Subdivision: Morins Add
  • Driving Directions: From the intersection of Broadway and Main in historic downtown Albert Lea head West down Main Street to the intersection of Euclid & Main and turn South, sharp, into the Main St West side road beside the via dock to the property on the corner of Main St W and Adams Ave.

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)

Structural Information

  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 1258
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 2,636
  • Above Ground: 2,636 Sq. Ft.
  • Below Ground: 1,258 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 40 x 150
  • Lot Description: Corner Lot

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.

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Listing agents

— 525 W Main St —

  • Robert Hoffman Realty Inc.

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NMLS#: 1598647

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 525 W Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/16/2026
Listed
$275,000
57.14%
MLS
8/31/2018
Sold
$175,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 525 W Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,144
63%
$101,600
—
2023
$1,318
—
$101,400
70%
2023
$1,316
-43%
$59,800
—
2020
$2,290
—
$59,600
-45%
2020
$2,290
—
$108,200
11%
2020
$2,290
-5%
$97,900
-7%
2019
$2,400
11%
$105,700
100%
2018
$2,160
21%
100%
2016
$1,780
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Robert Hoffman Realty Inc.

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525 W Main Street, Albert Lea, MN 56007 (MLS# 7009918) is a Triplex property with 6 bedrooms and 0 full bathrooms. 525 W Main Street is currently listed for $275,000 and was received on January 16, 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.

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