509 E 4th St, Albert Lea, MN 56007
Property image
Property image
FOR SALE

$189,000

  • 7 Beds
  • 3 Baths
  • 1,890 sqft

509 E 4th St, Albert Lea, MN 56007

Est. Mortgage $1,265/mo*
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Home Highlights

Multi-Family
Built in 1888
$100/sqft
Garage

Local Information

  • Map ViewExplore the area around 509 E 4th St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This charming up-down duplex in Albert Lea offers timeless curb appeal and a versatile opportunity for both investors and owner-occupants. Ideally located within walking distance of local shops, dining, and everyday conveniences, the property is also just minutes from Albert Lea Lake’s scenic beaches and well-loved recreational amenities. The home features a well-maintained exterior, a spacious front yard ideal for relaxing or outdoor gatherings, and a detached 2-car garage providing valuable storage and off-street parking. Both units enjoy the comfort of a quiet residential setting with a peaceful, small-town feel while remaining conveniently close to everything Albert Lea has to offer. Whether you’re looking to generate rental income, expand your investment portfolio, or live in one unit while offsetting expenses with the other, this duplex presents a compelling combination of character, flexibility, and location.
Last check for updates: about 2 hours ago
Listing courtesy of Mike Wilen, (612) 400-9000
Coldwell Banker Realty - Lakes
Source: NorthstarMLS as distributed by MLS GRID, MLS#7004302
Also Listed on NorthstarMLS as distributed by MLS GRID.

Home Details for 509 E 4th St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1890 Square FeetFoundation Area: 1080
Heating & Cooling
Heating: Forced AirHas HeatingHeating Fuel: Forced Air
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Number of Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1890 Square Feet

Days on Market

Cumulative Days on Market: 409Days on Market: 180+

Property Information

Year Built
Year Built: 1888
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Duplex Up and Down
Building
Not a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 1

Price & Status

Price
List Price: $189,000Price Per Sqft: $100

Location

Direction & Address
City: Albert Lea
School Information
High School District: Albert Lea

Agent Information

Listing Agent
Listing ID: 7004302

Building

Building Area
Building Area: 2970 Square Feet

Lot Information

Lot Area: 9147.6 sqft

Offer

Contingencies: None

Rental Terms, Policies & Fees

Owner Pays: Fuel

Miscellaneous

BasementMls Number: 7004302Above Grade Unfinished Area: 1890

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."
    2
    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

Market trends in Albert Lea

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$185K
Sale-to-List Price
99.1%
Price per sq ft
$99
Available listings
126
3MoM

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
415 W College St, Albert Lea, MN
0.70
Multi-Family Home
$59,000
01/14/26
6
3
2,515
923 Jefferson Ave, Albert Lea, MN
0.46
Multi-Family Home
$125,000
11/21/25
4
2
1,976
1420 Frank Hall Dr, Albert Lea, MN
0.53
Multi-Family Home
$179,900
05/07/26
4
2
2,192
640 Marshall St, Albert Lea, MN
0.95
Multi-Family Home
$120,000
08/26/26
6
3
2,178
411 Court St, Albert Lea, MN
0.67
Multi-Family Home
$157,000
03/05/26
3
4
3,506
525 W Main St, Albert Lea, MN
0.83
Multi-Family Home
$275,000
03/06/26
6
4
3,894
817 Abbott St, Albert Lea, MN
1.29
Multi-Family Home
$137,500
06/30/26
3
3
1,724
115 N Newton Ave, Albert Lea, MN
0.74
Multi-Family Home
$185,000
06/04/26
3
2
3,496
512 Harriet Ln, Albert Lea, MN
1.10
Multi-Family Home
$150,000
04/16/26
4
2
3,840
1429-31 Spartan Ave, Albert Lea, MN
1.56
Multi-Family Home
$215,000
09/02/26
4
4
2,276

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
421 E 4th St, Albert Lea, MN 56007
0.05
$248,600
4
2.5
3,281
Off Market
914 Frank Ave, Albert Lea, MN 56007
0.07
$89,600
3
2
1,564
Off Market
504 E 4th St, Albert Lea, MN 56007
0.03
$142,100
3
2
1,426
Off Market
415 E 4th St, Albert Lea, MN 56007
0.08
$195,000
3
2
2,079
Recently Sold
1007 Frank Ave, Albert Lea, MN 56007
0.04
$80,000
4
2
1,716
Recently Sold
1012 Saint Joseph Ave, Albert Lea, MN 56007
0.07
$158,100
3
2.5
1,482
Off Market
402 E 4th St, Albert Lea, MN 56007
0.12
$139,900
4
2
1,149
Recently Sold
329 E 3rd St, Albert Lea, MN 56007
0.15
$189,500
3
2.5
2,424
Off Market
321 E 4th St, Albert Lea, MN 56007
0.14
$111,900
3
1.5
1,927
Off Market
410 Frank Hall Dr, Albert Lea, MN 56007
0.14
$139,900
4
1.5
1,411
Recently Sold
614 E 4th St, Albert Lea, MN 56007
0.10
$139,700
3
1
1,295
Off Market

Price and Tax history

DateEventPrice
Jan 2, 2026
Source: NorthstarMLS as distributed by MLS GRID #7004302
Listed For Sale
$189,000
Jan 2, 2026
Source: NorthstarMLS as distributed by MLS GRID #6736360
ListingRemoved
$189,000
Jun 10, 2025
Source: NorthstarMLS as distributed by MLS GRID #6736360
Listed For Sale
$189,000
Jun 2, 2025
Source: NorthstarMLS as distributed by MLS GRID #6629462
ListingRemoved
$189,000
Nov 11, 2024
Source: NorthstarMLS as distributed by MLS GRID #6629457
Listed For Sale
$189,000

LGBTQ Local Legal Protections

Mike Wilen, Coldwell Banker Realty - Lakes
Agent Phone: (612) 400-9000
Based on information submitted to the MLS GRID as of 2026-09-21 21:13:14 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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Frequently asked questions about 509 E 4th St

  • What is the estimated monthly payment for 509 E 4th St?
    Based on a $189,000 list price with 20% down at today's rates, the estimated monthly payment for 509 E 4th St in Albert Lea, MN is approximately $1,273 (about $1,031 principal & interest, $167 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 509 E 4th St compare to homes in Albert Lea?
    509 E 4th St in Albert Lea, MN is listed at $189,000, about 2% above the $185K median sale price in Albert Lea.
  • 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 homes for sale in Albert Lea, MN.
  • What are the closest schools to 509 E 4th St?
    The closest schools to 509 E 4th St in Albert Lea, MN are Albert Lea Senior High School (Middle, rated 6/10), Halverson Elementary School (Pre-K, rated 6/10), Southwest Middle School (rated 4/10).
509 E 4th St, Albert Lea, MN 56007 is a 7 bedroom, 3 bathroom, 1,890 sqft multi-family built in 1888. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jan 2, 2026. The MLS # for this home is MLS# 7004302.