518 E 5th St, Albert Lea, MN 56007
Property image
Property image
FOR SALE
NEW - 7 HRS AGO

518 E 5th St
Albert Lea, MN 56007

  • 3 Beds
  • 1 Bath
  • 1,047 sqft

$136,000

Est. Mortgage $891/mo*
Get Pre-Qualified

$136,000

Est. Mortgage $891/mo*
Get Pre-Qualified
3 Beds
1 Bath
1,047 sqft

Home Highlights

Climate Control
Heating & Cooling
HOA
None
Price/Sqft
$130
Listed
Less than a day ago

Local Information

  • Map ViewExplore the area around 518 E 5th St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Whether you're searching for your first home or a great investment opportunity, this affordable 3-bedroom, 1-bath home offers the perfect combination of value, comfort, and move-in-ready updates.

Step inside to discover a bright, refreshed interior featuring all new flooring and fresh paint throughout the main level, creating a clean, modern feel from the moment you walk in. The functional layout offers comfortable living spaces, three well-sized bedrooms, and a full bath designed for everyday living.

Outside, you'll appreciate the low-maintenance vinyl siding, providing lasting durability and attractive curb appeal.

With its affordable price point, thoughtful updates, and opportunity to make it your own, this home is one you won't want to miss. Schedule your showing today and see all it has to offer!

Home Details for 518 E 5th St

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Full,Unfinished
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1047 Square FeetFoundation Area: 616
Appliances & Utilities
Appliances: Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerRefrigeratorWasher
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: 2Levels: TwoAccessibility: None
View
No View

Exterior Features

Parking & Garage
No CarportNo GarageNo Attached GarageParking: Gravel
Frontage
Not on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 1047 Square Feet

Days on Market

Days on Market: <1 day on Trulia

Property Information

Year Built
Year Built: 1923
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 340361860

Price & Status

Price
List Price: $136,000Price Per Sqft: $130

Location

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

Agent Information

Listing Agent
Listing ID: 7119339

Building

Building Area
Building Area: 1663 Square Feet

HOA

No HOAHOA Fee: No HOA Fee

Lot Information

Lot Area: 4356 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 7119339Above Grade Unfinished Area: 1047
Last check for updates: about 7 hours ago
Listing courtesy of Dillon Robert Dale, (507) 995-8477
eXp Realty
Alyssa Dale, (507) 475-2731
Source: NorthstarMLS as distributed by MLS GRID, MLS#7119339
Also Listed on NorthstarMLS as distributed by MLS GRID, eXp Realty.

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

Price History for 518 E 5th St

DatePriceEventSource
07/31/2026$136,000Listed For SaleNorthstarMLS as distributed by MLS GRID #7119339
12/06/2021ListingRemovedRE/MAX International
11/19/2021$59,900PriceChange
NorthstarMLS as distributed by MLS GRID #6108532
10/18/2021$62,000PriceChange
NorthstarMLS as distributed by MLS GRID #6108532
10/01/2021$65,000Listed For SaleNorthstarMLS as distributed by MLS GRID #6108532
08/03/2015$23,900Sold
NorthstarMLS as distributed by MLS GRID #5086443
06/16/2015$29,500Listed For SaleAgent Provided

Similar Homes You May Like

Skip to last item
Skip to first item

New Listings near 518 E 5th St

Skip to last item
Skip to first item

Property Tax and Assessment

Year2025
Tax$814
Assessment$54,000
Home facts updated by county records

Comparable Sales for 518 E 5th St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1212 Saint Joseph Ave, Albert Lea, MN
0.09
Single-Family Home
$50,000
01/29/26
3
1
1,248
1117 Frank Ave, Albert Lea, MN
0.06
Single-Family Home
$117,500
05/08/26
2
1
1,572
1223 James Ave, Albert Lea, MN
0.24
Single-Family Home
$125,000
10/15/25
3
1
1,199
1016 Saint John Ave, Albert Lea, MN
0.16
Single-Family Home
$113,900
09/30/25
2
1
1,023
303 E 6th St, Albert Lea, MN
0.13
Single-Family Home
$115,000
08/22/25
3
1
2,147
1412 Manor Ave, Albert Lea, MN
0.30
Single-Family Home
$133,000
10/03/25
3
1
1,126
621 E 7th St, Albert Lea, MN
0.14
Single-Family Home
$124,900
01/23/26
2
1
1,004
318 E 5th St, Albert Lea, MN
0.17
Single-Family Home
$135,000
09/30/25
2
1
1,086
319 E 8th St, Albert Lea, MN
0.29
Single-Family Home
$45,000
07/25/26
2
1
660
1502 Edina Ave, Albert Lea, MN
0.34
Single-Family Home
$115,000
12/12/25
3
1
962

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 518 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

LGBTQ Local Legal Protections

Dillon Robert Dale, eXp Realty
Agent Phone: (507) 995-8477
Based on information submitted to the MLS GRID as of 2026-07-31 02:37:51 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
518 E 5th St, Albert Lea, MN 56007 is a 3 bedroom, 1 bathroom, 1,047 sqft single-family home built in 1923. This property is currently available for sale and was listed by NorthstarMLS as distributed by MLS GRID on Jul 31, 2026. The MLS # for this home is MLS# 7119339.