514 E 7th St, Albert Lea, MN 56007
OFF MARKET

$123,100

Trulia Estimate
  • 7 Beds
  • 3 Baths
  • 2,948 sqft

514 E 7th St, Albert Lea, MN 56007

Est. Refi. Payment $820/mo*
Refinance Your Home
Currently Off Market - Sold Dec 15, 2023 for $70,000

Home Value

Trulia Estimate
$123K
Since last month
Decreased$200 (-0.2%)
Since last year
Decreased$24K (-15.8%)
Since last sale
Increased$55K (+78.7%)
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 +109% in the last 10 years
MonthEstimated value
2026
August 2026$125K
August 2026$123K
July 2026$125K
June 2026$138K
May 2026$137K
April 2026$138K
March 2026$149K
February 2026$141K
January 2026$144K
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
1420 Frank Hall Dr, Albert Lea, MN
0.36
Multi-Family Home
$179,900
05/07/26
4
2
2,192
415 W College St, Albert Lea, MN
0.89
Multi-Family Home
$59,000
01/14/26
6
3
2,515
923 Jefferson Ave, Albert Lea, MN
0.55
Multi-Family Home
$125,000
11/21/25
4
2
1,976
411 Court St, Albert Lea, MN
0.85
Multi-Family Home
$157,000
03/05/26
3
4
3,506
640 Marshall St, Albert Lea, MN
1.22
Multi-Family Home
$120,000
08/26/26
6
3
2,178
525 W Main St, Albert Lea, MN
1.02
Multi-Family Home
$275,000
03/06/26
6
4
3,894
115 N Newton Ave, Albert Lea, MN
0.99
Multi-Family Home
$185,000
06/04/26
3
2
3,496
512 Harriet Ln, Albert Lea, MN
1.33
Multi-Family Home
$150,000
04/16/26
4
2
3,840
1429-31 Spartan Ave, Albert Lea, MN
1.50
Multi-Family Home
$215,000
09/02/26
4
4
2,276
817 Abbott St, Albert Lea, MN
1.50
Multi-Family Home
$137,500
06/30/26
3
3
1,724

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
1224 Saint Joseph Ave, Albert Lea, MN 56007
0.03
$140,000
3
1.5
1,320
Recently Sold
1212 Saint Joseph Ave, Albert Lea, MN 56007
0.06
$50,000
3
1
1,248
Recently Sold
1215 Frank Ave, Albert Lea, MN 56007
0.06
$145,200
3
1.5
1,478
Off Market
621 E 7th St, Albert Lea, MN 56007
0.12
$124,900
2
1
1,004
Recently Sold
614 6th, Albert Lea, MN 56007
0.12
$93,400
3
1
2,442
Off Market
1315 Frank Ave, Albert Lea, MN 56007
0.06
$113,800
4
1
1,064
Off Market
622 E 7th St, Albert Lea, MN 56007
0.11
$172,900
3
2.5
1,854
Off Market
1210 Frank Ave, Albert Lea, MN 56007
0.09
$211,900
3
2
1,257
Off Market
1317 Frank Ave, Albert Lea, MN 56007
0.07
$112,000
2
1.5
1,911
Recently Sold
1117 Frank Ave, Albert Lea, MN 56007
0.12
$117,500
2
1
1,572
Recently Sold
518 E 5th St, Albert Lea, MN 56007
0.15
$127,500
3
1
1,047
For Sale

Local Information

  • Map ViewExplore the area around 514 E 7th St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1946
2,948 sqft
$42/sqft
Garage

About this House

This investment property is a fixer upper, the back unit has three bedrooms and is already gutted. Two bedroom unit upstairs and a two bedroom unit in the front. Lots of future potential.
514 E 7th St, Albert Lea, MN 56007 is a 7 bedroom, 3 bathroom, 2,948 sqft multi-family built in 1946. It last sold for $70,000 on Dec 15, 2023 (26% below the $94,700 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $123,100, with a rent estimate of $1,167/month.
Last check for updates: about 15 hours ago
Listed by Gina Wadding, (507) 383-2493
Keller Williams Premier Realty
Bought with: Kristina Wheeler, (612) 505-2860, Keller Williams Premier Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#6446454

Home Details for 514 E 7th St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: None
Beds & Baths
Number of Bedrooms: 7Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2948 Square FeetFoundation Area: 2948
Appliances & Utilities
Laundry: Common Area,Laundry Room,Coin-op Laundry Owned
Heating & Cooling
Heating: RadiantHas HeatingHeating Fuel: Radiant
Gas & Electric
Gas: Electric, Natural Gas
Levels, Entrance, & Accessibility
Number of Stories: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Exterior Home Features
Fencing: NoneNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached Garage
Pool
Pool: None
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 2948 Square Feet

Days on Market

Cumulative Days on Market: 72

Property Information

Year Built
Year Built: 1946
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Triplex
Building
Not a New ConstructionNo Additional Parcels
Property Information
Parcel Number: 340490870

Price & Status

Price
List Price: $94,700
Status Change & Dates
Off Market Date: Wed Dec 20 2023

Location

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

Building

Building Area
Building Area: 2948 Square Feet

Lot Information

Lot Area: 8400 sqft

Offer

Contingencies: None

Miscellaneous

Mls Number: 6446454Above Grade Unfinished Area: 2948

Additional Information

HOA Amenities: Coin-op Laundry Owned

Price and Tax history

DateEventPrice
Dec 15, 2023
Source: NorthstarMLS as distributed by MLS GRID #6446454
Sold
$70,000
Oct 11, 2023
Source: NorthstarMLS as distributed by MLS GRID #6446454
Listed For Sale
$94,700
Jun 15, 2017
Source: N/A
Sold
$19,900
Apr 17, 2014
Source: Agent Provided
ListingRemoved
$72,900
Feb 19, 2014
Source: Agent Provided
Listed For Sale
$72,900

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

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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-07 08:38:10 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

Frequently asked questions about 514 E 7th St

  • What is 514 E 7th St estimated to be worth?
    Trulia's estimated value for 514 E 7th St in Albert Lea, MN is $123,100.
  • What is the price history for 514 E 7th St?
    514 E 7th St in Albert Lea, MN last sold for $70,000 in December 2023.
  • 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 514 E 7th St have laundry facilities?
    Yes, 514 E 7th St in Albert Lea, MN has laundry facilities.

Explore by feature - Pet Friendly

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

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