Closed

$42,000

214 W College St, Albert Lea, MN 56007

2beds

2baths

1,449sqft

Multi Family

Built in 1888

-- sqft lot

$68,900 Zestimate^®

$29/sqft

$990 Estimated rent

Home value

$68,900

$52,000 - $90,000

$990/mo

Zestimate^® history

Owner options

List your home for rent

$990/mo

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$990/mo

Rent Zestimate^®

Refinance and save

$215/mo

Est. payment

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$215/mo

Est. payment

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What's special

Welcome to a fantastic investment opportunity in the heart of Albert Lea! This very affordable duplex, with a rich rental history, offers incredible potential for the right investor. Though it recently experienced an unfortunate incident requiring repairs, it presents a chance to restore and revitalize. Located in a prime area with strong demand, this property is perfect for someone with a vision to bring it back to its former glory. Whether you're a seasoned investor or just starting out, this duplex is a golden opportunity to add value and create a beautiful living space.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2

Heating

Forced Air

Features

Basement: Block

Interior area

Total structure area: 1,449
Total interior livable area: 1,449 sqft
Finished area above ground: 1,449
Finished area below ground: 0

Property

Accessibility

Accessibility features: None

Features

Levels: One and One Half

Lot

Size: 7,405 Square Feet
Dimensions: 75 x 103

Details

Foundation area: 848
Parcel number: 340071270

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Asphalt

Condition

New construction: No
Year built: 1888

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Morins Add

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $29/sqft
Tax assessed value: $84,500
Annual tax amount: $1,294
Date on market: 8/2/2024
Cumulative days on market: 11 days

Price history

Date	Event	Price
3/1/2025	Listing removed	$89,900$62/sqft
Source: NorthstarMLS as distributed by MLS GRID #6629694 Report a problem
11/21/2024	Listed for sale	$89,900+114%$62/sqft
Source: NorthstarMLS as distributed by MLS GRID #6629694 Report a problem
9/4/2024	Sold	$42,000-14.3%$29/sqft
Source: NorthstarMLS as distributed by MLS GRID #6579977 Report a problem
8/20/2024	Pending sale	$49,000$34/sqft
Source: NorthstarMLS as distributed by MLS GRID #6579977 Report a problem
8/8/2024	Listed for sale	$49,000+15%$34/sqft
Source: NorthstarMLS as distributed by MLS GRID #6579977 Report a problem
5/31/2019	Sold	$42,600-14.6%$29/sqft
Source: NorthstarMLS as distributed by MLS GRID #5214926 Report a problem
5/8/2019	Pending sale	$49,900$34/sqft
Source: RE/MAX Properties #5214926 Report a problem
4/16/2019	Listed for sale	$49,900$34/sqft
Source: RE/MAX Properties #5214926 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,430 +10.5%	$84,500 +21.9%
2024	$1,294 +17.4%	$69,300 +7.6%
2023	$1,102 +7%	$64,400 +0.3%
2022	$1,030 +0.4%	$64,200 +38.1%
2021	$1,026	$46,500 +8.9%
2020	$1,026 -25.2%	$42,700
2019	$1,372	--
2018	$1,372 -10%	--
2016	$1,524 +104.3%	--
2015	$746	--
2014	$746 -16.2%	--
2012	$890	--
2011	--	--
2010	--	--