316 E 5th St, Albert Lea, MN 56007
Property image
Property image
OFF MARKET

316 E 5th St
Albert Lea, MN 56007

  • 4 Beds
  • 2 Baths
  • 1,879 sqft

$146,800

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $954/mo*
Refinance Your Home

$146,800

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $954/mo*
Refinance Your Home
4 Beds
2 Baths
1,879 sqft

Home Value

Trulia Estimate
$147K
Since last month
Decreased$10K (-6.1%)
Since last year
Decreased$24K (-14.1%)
Since last sale
Increased$36K (+32.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +95% in the last 10 years
MonthEstimated value
2026
August 2026$146K
July 2026$151K
June 2026$155K
May 2026$156K
April 2026$153K
March 2026$150K
February 2026$147K
January 2026$151K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1007 Frank Ave, Albert Lea, MN
0.15
Single-Family Home
$80,000
12/29/25
4
2
1,716
307 E 6th St, Albert Lea, MN
0.03
Single-Family Home
$139,900
05/08/26
3
2
2,097
402 E 4th St, Albert Lea, MN
0.11
Single-Family Home
$139,900
01/29/26
4
2
1,149
1009 James Ave, Albert Lea, MN
0.09
Single-Family Home
$167,000
10/31/25
3
2
2,160
303 E 6th St, Albert Lea, MN
0.06
Single-Family Home
$115,000
08/22/25
3
1
2,147
1005 S Broadway Ave, Albert Lea, MN
0.21
Single-Family Home
$135,000
10/31/25
4
2
1,535
623 E 6th St, Albert Lea, MN
0.28
Single-Family Home
$128,000
04/14/26
3
1.5
1,802
1317 Frank Ave, Albert Lea, MN
0.25
Single-Family Home
$112,000
05/01/26
2
1.5
1,911
1219 S Newton Ave, Albert Lea, MN
0.17
Single-Family Home
$130,000
01/12/26
3
1.5
960
1224 Saint Joseph Ave, Albert Lea, MN
0.21
Single-Family Home
$140,000
01/29/26
3
1.5
1,320

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1026 Saint John Ave, Albert Lea, MN 56007
0.03
$87,400
2
2
2,106
Off Market
318 E 5th St, Albert Lea, MN 56007
0.01
$138,200
2
1
1,086
Off Market
1017 James Ave, Albert Lea, MN 56007
0.06
$20,300
3
2
961
Off Market
1020 Saint John Ave, Albert Lea, MN 56007
0.05
$81,000
3
1
1,179
Off Market
307 E 6th St, Albert Lea, MN 56007
0.03
$139,900
3
2
2,097
Recently Sold
1036 James Ave, Albert Lea, MN 56007
0.07
$190,200
4
1.5
3,356
Off Market
1016 Saint John Ave, Albert Lea, MN 56007
0.06
$116,600
2
1
1,023
Off Market
1009 James Ave, Albert Lea, MN 56007
0.09
$167,000
3
2
2,160
Recently Sold
1014 James Ave, Albert Lea, MN 56007
0.10
$71,900
3
1
1,581
Off Market
312 E 6th St, Albert Lea, MN 56007
0.07
$139,700
3
1.5
1,924
Off Market
303 E 6th St, Albert Lea, MN 56007
0.06
$117,500
3
1
2,147
Off Market
1201 Virginia Pl, Albert Lea, MN 56007
0.10
$83,000
1
1
832
Off Market

Local Information

  • Map ViewExplore the area around 316 E 5th St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1937
Living Area
1,879 sqft
Price/Sqft
$78
Parking
Garage

About this House

This single-family home is located at 316 E 5th St, Albert Lea, MN. 316 E 5th St is in Albert Lea, MN and in ZIP code 56007. This property has 4 bedrooms, 2 bathrooms and approximately 1,879 sqft of floor space. This property has a lot size of 8712 sqft and was built in 1937.
316 E 5th St, Albert Lea, MN 56007 is a 4 bedroom, 2 bathroom, 1,879 sqft single-family home built in 1937. It last sold for $110,000 on Mar 29, 2019. More recently, it was listed as a rental in November 2017 with an asking price of $925 per month. That rental listing was removed on February 23, 2018. It is currently off market. The Trulia Estimate is $146,800, with a rent estimate of $1,672/month.

Home Details for 316 E 5th St

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Number of Rooms: 7Types of Rooms: Dining Room
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: MetalFoundation Type: Concrete BlockPatio
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1937
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 8712 sqft

Price and Tax history

DateEventPrice
Mar 29, 2019
Source: NorthstarMLS as distributed by MLS GRID #5192980
Sold
$110,000
Mar 18, 2019
Source: Agent Provided
Pending
$105,000
Feb 23, 2018
Source: Agent Provided
Listed For Sale
$105,000
Feb 23, 2018
Source: Agent Provided
ListingRemoved
$925
Nov 2, 2017
Source: Agent Provided
Listed For Rent
$925

Market trends in Albert Lea

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
123
8MoM
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Around this home

What Locals Say about Albert Lea

At least 102 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 87 % Say car is needed

  • 85 % Say parking is easy

  • 82 % Say yards are well-kept

  • 67 % Say kids play outside

  • 65 % Say there are sidewalks

  • 64 % Say streets are well-lit

  • 64 % Say people would walk alone at night

  • 62 % Say there's holiday spirit

  • 59 % Say neighbors are friendly

  • 53 % Say it's quiet

  • 49 % Say there's wildlife

  • 41 % Say they plan to stay for at least 5 years

  • 38 % Say it's walkable to grocery stores

  • 30 % Say it's walkable to restaurants

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Terry K.
    "Very dog friendly city. Lots of paths to walk along the lake as well as nature paths that are very dog friendly. There is even a dog park that seems to be very popular for both big dogs and small "
    2
    Flag
  • Charles D.
    "Right by the beach and people are always walking their dogs. Great place to be. Quiet and friendly neighborhood "
    4
    Flag
  • Kim K.
    "I drive an hour to work ever day. Driving in town in general is pretty laid back though and rarely any heavy traffic."
    1
    Flag
  • Stephanie G.
    "I was raised in this neighborhood pretty good place to live in. Good schools. Decent restaurants not a whole lot of shopping area thought but it’s quite which is good. "
    0
    Flag
  • A
    "Easy area to walk dogs and spend quality time outside with family. Biking or running, Albert Lea has all you need to raise a family and stay healthy while doing it. "
    0
    Flag
  • Naheiser
    "Lived here for 3 years. My 3 neighbors are all very nice, caring people. We are tucked back on a bay of Fountain Lake with woods so it’s quiet. We see eagles and cardinals plus deer and wild turkeys! Love it here."
    1
    Flag
  • Cole7481
    "Great place to live! Beautiful lakes, parks and people. Amazing cost of living. Places to eat, things to do. Lake, land, life! "
    0
    Flag
  • Cole7481
    "Community events are always happening, such as Holiday events, markets, live music and festivals, etc. Great people and lots to do - lakes, land, life!"
    0
    Flag
  • Unspecified
    "I've live in Albert Lea my whole life and honestly it's quite dull unless your a streo typically elderly person. There isn't much here for young people, jobs are few and far between, The lakes are gross."
    1
    Flag
  • Unspecified
    "I like all the parks that are less then a mile from my house. My favorite park in my neighborhood is Frank Hall park. Frank Hall park has a play area for kids, a fishing pier, Public water access for boaters, and Gazbos that are perfect for a picnic (The humane society is by the park too! highly recommend checking it out if you want a pet.). Right across the street from the park there is a basketball and a pickleball court and the Aquatic Center."
    0
    Flag
  • scottschmeltzer12
    "Amazing community for giving back! Relay for Life, United Way, etc. Small town that is great for raising a family. 45 minutes from Mayo Clinic-Rochester, MN. Two amazing golf courses. New High School that is beautiful."
    0
    Flag
  • Dsrborland
    "good place to live,low crime,"
    0
    Flag

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Apartments for Rent

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Explore by feature - Pet Friendly

6 pet-friendly rentals in Albert Lea, MN

Explore by feature - Garage

7 rentals with a garage in Albert Lea, MN

Explore by feature - Air Conditioning

12 rentals with air conditioning in Albert Lea, MN

Explore by feature - Washer/dryer

7 rentals with a washer/dryer in Albert Lea, MN

Homes for sale near 316 E 5th St

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Off Market Homes Near 316 E 5th St

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Frequently asked questions about 316 E 5th St

  • What is 316 E 5th St estimated to be worth?
    Trulia's estimated value for 316 E 5th St in Albert Lea, MN is $146,800.
  • What is the price history for 316 E 5th St?
    316 E 5th St in Albert Lea, MN last sold for $110,000 in March 2019.
  • Is Albert Lea a buyer's or seller's market?
    Albert Lea is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Albert Lea?
    Residents describe Albert Lea, MN as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Albert Lea, MN.
  • Does 316 E 5th St have air conditioning?
    Yes, 316 E 5th St in Albert Lea, MN has air conditioning.
  • Does 316 E 5th St have laundry facilities?
    Yes, 316 E 5th St in Albert Lea, MN has in-unit laundry.