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

509 E 4th St
Albert Lea, MN 56007

  • 7 Beds
  • 3 Baths
  • 2,970 sqft

$189,000

Est. Mortgage $1,175/mo*
Get Pre-Qualified

$189,000

Est. Mortgage $1,175/mo*
Get Pre-Qualified
7 Beds
3 Baths
2,970 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$64
Listed
125 days ago

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: 2970 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: 125

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: $64

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
Last check for updates: about 13 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.

Price History for 509 E 4th St

DatePriceEventSource
01/02/2026$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7004302
01/02/2026$189,000ListingRemovedNorthstarMLS as distributed by MLS GRID #6736360
06/10/2025$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6736360
06/02/2025$189,000ListingRemovedNorthstarMLS as distributed by MLS GRID #6629462
11/11/2024$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6629457
07/26/2024$189,000ListingRemovedNorthstarMLS as distributed by MLS GRID #6523303
04/22/2024$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6523303
04/02/2024ListingRemovedNorthstarMLS as distributed by MLS GRID #6476029
01/10/2024$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6476029
01/09/2024ListingRemovedNorthstarMLS as distributed by MLS GRID #6320375
01/04/2023$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6320375
01/02/2023ListingRemovedNorthstarMLS as distributed by MLS GRID #6223358
06/24/2022$189,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6223358
01/02/2013$79,000ListingRemovedAgent Provided
01/28/2012$79,000Listed For SaleAgent Provided
08/17/2006$78,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$2,552
Assessment$112,700
Home facts updated by county records

Comparable Sales for 509 E 4th St

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
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
512 Harriet Ln, Albert Lea, MN
1.10
Multi-Family Home
$150,000
04/16/26
4
2
3,840
17548 749th Ave, Albert Lea, MN
2.21
Multi-Family Home
$183,000
08/28/25
6
3
2,660
507 Hills Ln, Albert Lea, MN
2.50
Multi-Family Home
$195,000
11/21/25
4
2
1,692

Assigned Schools

These are the assigned schools for 509 E 4th 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 101 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

  • 64 % Say there are sidewalks

  • 64 % Say people would walk alone at night

  • 63 % Say streets are well-lit

  • 62 % Say there's holiday spirit

  • 58 % Say neighbors are friendly

  • 53 % Say it's quiet

  • 50 % Say there's wildlife

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

  • 38 % Say it's walkable to grocery stores

  • 31 % Say it's walkable to restaurants

  • 23 % Say there are community events

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

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 2026-05-07 15:43:14 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
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement
509 E 4th St, Albert Lea, MN 56007 is a 7 bedroom, 3 bathroom, 2,970 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.