318 E 5th St, Albert Lea, MN 56007
OFF MARKET

318 E 5th St
Albert Lea, MN 56007

  • 2 Beds
  • 1 Bath
  • 1,086 sqft

$138,200

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $889/mo*
Refinance Your Home

$138,200

Trulia Estimate
as of Aug 8, 2026
Est. Refi. Payment $889/mo*
Refinance Your Home
2 Beds
1 Bath
1,086 sqft

Local Information

  • Map ViewExplore the area around 318 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
1928
Living Area
1,086 sqft
Price/Sqft
$127
Parking
Garage
HOA
None

About this House

This 2-bedroom, 1-bath home is full of old-world charm, featuring beautiful hardwood floors throughout and stunning woodwork. Bright, spacious living areas showcase classic craftsmanship, with rich details that create a warm and inviting atmosphere. A lovely yard offers space to relax and entertain.

Don't miss this timeless gem—schedule your showing today!
318 E 5th St, Albert Lea, MN 56007 is a 2 bedroom, 1 bathroom, 1,086 sqft single-family home built in 1928. It last sold for $135,000 on Sep 30, 2025 (13% above the $119,900 asking price). It is currently off market. The Trulia Estimate is $138,200, with a rent estimate of $1,222/month.

Home Details for 318 E 5th St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Block,Egress Window(s),Partial,Sump Pump,Unfinished
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1086 Square FeetFoundation Area: 656
Appliances & Utilities
Appliances: Dryer, Range, Refrigerator, WasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1.5Levels: One and One HalfAccessibility: None
View
No View

Exterior Features

Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageParking Spaces: 1Parking: Detached Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1086 Square Feet

Days on Market

Cumulative Days on Market: 172

Property Information

Year Built
Year Built: 1928
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 340362090

Price & Status

Price
List Price: $119,900
Status Change & Dates
Off Market Date: Mon Aug 18 2025

Location

Direction & Address
City: Albert LeaCommunity: Lake Add
School Information
High School District: Albert Lea

Building

Building Area
Building Area: 1086 Square Feet

HOA

No HOA

Lot Information

Lot Area: 8712 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6675533Above Grade Unfinished Area: 1086
Last check for updates: about 2 hours ago
Listed by Dillon Robert Dale, (507) 995-8477
eXp Realty
Alyssa Dale, (507) 475-2731
Bought with: Garrett Smith, (952) 454-0307, Re/Max Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID, MLS#6675533

Price History for 318 E 5th St

DatePriceEventSource
09/30/2025$135,000Sold
NorthstarMLS as distributed by MLS GRID #6675533
08/18/2025$119,900PendingNorthstarMLS as distributed by MLS GRID #6675533
02/27/2025$119,900Listed For SaleNorthstarMLS as distributed by MLS GRID #6675533
12/07/2021$55,000Sold
N/A
03/25/2020$25,000Sold
NorthstarMLS as distributed by MLS GRID #5351544
03/06/2020$45,900PendingAgent Provided
01/07/2020$45,900Listed For SaleAgent Provided

Market trends in Albert Lea

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
115
25MoM
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Property Tax and Assessment

Year2025
Tax$1,770
Assessment$59,900
Home facts updated by county records

Comparable Sales for 318 E 5th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1016 Saint John Ave, Albert Lea, MN
0.06
Single-Family Home
$113,900
09/30/25
2
1
1,023
621 E 7th St, Albert Lea, MN
0.27
Single-Family Home
$124,900
01/23/26
2
1
1,004
1223 James Ave, Albert Lea, MN
0.12
Single-Family Home
$125,000
10/15/25
3
1
1,199
1117 Frank Ave, Albert Lea, MN
0.12
Single-Family Home
$117,500
05/08/26
2
1
1,572
303 E 6th St, Albert Lea, MN
0.05
Single-Family Home
$115,000
08/22/25
3
1
2,147
1412 Manor Ave, Albert Lea, MN
0.36
Single-Family Home
$133,000
10/03/25
3
1
1,126
402 E 4th St, Albert Lea, MN
0.10
Single-Family Home
$139,900
01/29/26
4
2
1,149
1219 S Newton Ave, Albert Lea, MN
0.18
Single-Family Home
$130,000
01/12/26
3
1.5
960
1502 Edina Ave, Albert Lea, MN
0.37
Single-Family Home
$115,000
12/12/25
3
1
962

Nearby homes

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Assigned Schools

These are the assigned schools for 318 E 5th St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Explore by feature - Air Conditioning

9 rentals with air conditioning in Albert Lea, MN

Homes for sale near 318 E 5th St

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Off Market Homes Near 318 E 5th St

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Frequently asked questions about 318 E 5th St

  • What is 318 E 5th St estimated to be worth?
    Trulia's estimated value for 318 E 5th St in Albert Lea, MN is $138,200.
  • What is the price history for 318 E 5th St?
    318 E 5th St in Albert Lea, MN last sold for $135,000 in September 2025.
  • Is Albert Lea a buyer's or seller's market?
    Albert Lea is currently a seller's 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 318 E 5th St have air conditioning?
    Yes, 318 E 5th St in Albert Lea, MN has air conditioning.
  • Does 318 E 5th St have laundry facilities?
    Yes, 318 E 5th St in Albert Lea, MN has in-unit laundry.
Based on information submitted to the MLS GRID as of 2026-08-08 11:33:20 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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