$127,500
Original price: $136,000
3 Beds
1 Bath
1,047 sqft
518 E 5th St, Albert Lea, MN 56007
Est. Mortgage $869/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1923
$122/sqft
Local Information
- Map ViewExplore the area around 518 E 5th St.
- Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
- Shop & Eat
-- mins to
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!
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!
Last check for updates: about 6 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.
Home Details for 518 E 5th St
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MLS Status: Active |
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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 |
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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 |
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Days on Market: 46 |
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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 |
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Price List Price: $127,500Price Per Sqft: $122 |
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Direction & Address City: Albert LeaCommunity: Lake Add |
School Information High School District: Albert Lea |
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Listing Agent Listing ID: 7119339 |
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Building Area Building Area: 1663 Square Feet |
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No HOAHOA Fee: No HOA Fee |
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Lot Area: 4356 sqft |
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Contingencies: None |
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BasementMls Number: 7119339Above Grade Unfinished Area: 1047 |
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.
Market trends in Albert Lea
Last updated August 2026
Avg. sale price
$185K
Sale-to-List Price
99.1%
Price per sq ft
$99
Available listings
126
3MoM
Home Value
Trulia Estimate
$123KSince last month
Increased$31K (+33.3%)Since last year
Increased$18K (+17.5%)Since last sale
Increased$99K (+414.2%)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 +385% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $123K |
| August 2026 | $123K |
| July 2026 | $92K |
| June 2026 | $100K |
| May 2026 | $100K |
| April 2026 | $96K |
| March 2026 | $96K |
| February 2026 | $96K |
| January 2026 | $98K |
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 |
|---|---|---|---|---|---|---|---|
0.09 | Single-Family Home | $50,000 | 01/29/26 | 3 | 1 | 1,248 | |
0.06 | Single-Family Home | $117,500 | 05/08/26 | 2 | 1 | 1,572 | |
0.24 | Single-Family Home | $125,000 | 10/15/25 | 3 | 1 | 1,199 | |
0.16 | Single-Family Home | $113,900 | 09/30/25 | 2 | 1 | 1,023 | |
0.30 | Single-Family Home | $133,000 | 10/03/25 | 3 | 1 | 1,126 | |
0.14 | Single-Family Home | $124,900 | 01/23/26 | 2 | 1 | 1,004 | |
0.29 | Single-Family Home | $45,000 | 07/25/26 | 2 | 1 | 660 | |
0.34 | Single-Family Home | $115,000 | 12/12/25 | 3 | 1 | 962 | |
0.57 | Single-Family Home | $35,000 | 09/19/25 | 4 | 1 | 1,537 | |
0.33 | Single-Family Home | $125,000 | 05/15/26 | 3 | 1 | 2,434 |
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 |
|---|---|---|---|---|---|---|
0.04 | $64,000 | 3 | 1.5 | 1,424 | Foreclosure | |
0.07 | $159,000 | 3 | 2.5 | 1,482 | Off Market | |
0.06 | $117,500 | 2 | 1 | 1,572 | Recently Sold | |
0.07 | $93,400 | 3 | 1 | 2,442 | Off Market | |
0.09 | $80,000 | 4 | 2 | 1,716 | Recently Sold | |
0.09 | $116,800 | 3 | 1.5 | 1,704 | Off Market | |
0.08 | $153,800 | 4 | 2 | 1,370 | Off Market | |
0.10 | $128,000 | 3 | 1.5 | 1,802 | Recently Sold | |
0.12 | $143,900 | 3 | 2 | 1,426 | Off Market | |
0.09 | $50,000 | 3 | 1 | 1,248 | Recently Sold | |
0.12 | $140,800 | 3 | 1 | 1,295 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 13, 2026 Source: NorthstarMLS as distributed by MLS GRID #7119339 | PriceChange | $127,500 Price decreased by 6% |
Jul 31, 2026 Source: NorthstarMLS as distributed by MLS GRID #7119339 | Listed For Sale | $136,000 |
Dec 6, 2021 Source: RE/MAX International | ListingRemoved | |
Nov 19, 2021 Source: NorthstarMLS as distributed by MLS GRID #6108532 | PriceChange | $59,900 Price decreased by 3% |
Oct 18, 2021 Source: NorthstarMLS as distributed by MLS GRID #6108532 | PriceChange | $62,000 Price decreased by 5% |
Oct 1, 2021 Source: NorthstarMLS as distributed by MLS GRID #6108532 | Listed For Sale | $65,000 |
Aug 3, 2015 Source: NorthstarMLS as distributed by MLS GRID #5086443 | Sold | $23,900 |
Jun 16, 2015 Source: Agent Provided | Listed For Sale | $29,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $814 | $54,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Dillon Robert Dale, eXp Realty
Agent Phone: (507) 995-8477
Based on information submitted to the MLS GRID as of 2026-09-15 01:03:17 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 518 E 5th St
- What is the estimated monthly payment for 518 E 5th St?Based on a $127,500 list price with 20% down at today's rates, the estimated monthly payment for 518 E 5th St in Albert Lea, MN is approximately $884 (about $696 principal & interest, $113 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 518 E 5th St compare to homes in Albert Lea?518 E 5th St in Albert Lea, MN is listed at $127,500, about 31% below 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 518 E 5th St?The closest schools to 518 E 5th 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).
- Does 518 E 5th St have air conditioning?Yes, 518 E 5th St in Albert Lea, MN has air conditioning.
- Does 518 E 5th St have laundry facilities?Yes, 518 E 5th St in Albert Lea, MN has in-unit laundry.
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.