If you are looking for a multi-unit building and you have the ability to do the remodel yourself, this is a great opportunity. We gutted most of the kitchens and bathrooms in preparation for a remodel. The exterior has been recently painted and the roof doesn't leak. Additionally, the utilities are separate for each unit. There is a furnace in the basement ready to replace the old one that is there. There was a small water loss event in one unit a year ago or so and the plumbing would need to be repaired. This has the potential to have (3) 2 bedroom 1 bath units that could rent starting at $850/mo. each depending on how nice the remodel is. The agent is the owner so reach out with any questions. The property is a show and go so schedule through ShowingTime.
PLEASE WATCH YOUR STEP IN UNIT 2 AS THE BATHROOM FLOOR HAS BEEN REMOVED IN PREPARATION FOR NEW FLOORING.
Closed
$59,000
415 W College St, Albert Lea, MN 56007
6beds
3baths
2,515sqft
Triplex
Built in 1890
-- sqft lot
$59,900 Zestimate®
$23/sqft
$1,051 Estimated rent
Home value
$59,900
Estimated sales range
Not available
$1,051/mo
Zestimate® history
Owner options
List your home for rent
$1,051/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,051/mo
Rent Zestimate®
Refinance and save
$302/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$302/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Lanier Pratt 507-473-0390,
Keller Williams Premier Realty
Bought with:
Lanier Pratt
Keller Williams Premier Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6742759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Heating
- Forced Air
Features
- Basement: Block
Interior area
- Total structure area: 2,515
- Total interior livable area: 2,515 sqft
- Finished area above ground: 2,515
- Finished area below ground: 0
Property
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 8,070 Square Feet
- Dimensions: 67 x 20
Details
- Foundation area: 1710
- Parcel number: 340130110
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Block, Stone
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: Fuses
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Cottage Place Add
Location
- Region: Albert Lea
Financial & listing details
- Price per square foot: $23/sqft
- Tax assessed value: $50,600
- Annual tax amount: $742
- Date on market: 6/20/2025
- Cumulative days on market: 165 days
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Sold | $59,000-26.2%$23/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6742759 Report a problem | ||
| 12/9/2025 | Pending sale | $79,900$32/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6742759 Report a problem | ||
| 6/27/2025 | Listed for sale | $79,900$32/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6742759 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $946 +9% | $50,600 +27.5% |
| 2024 | $868 +15.4% | $39,700 +7% |
| 2023 | $752 +5.6% | $37,100 +0.3% |
| 2022 | $712 +0.3% | $37,000 +34.1% |
| 2021 | $710 | $27,600 +7.8% |
| 2020 | $710 -16.7% | $25,600 |
| 2019 | $852 | -- |
| 2018 | $852 -24.6% | -- |
| 2016 | $1,130 +142.5% | -- |
| 2015 | $466 | -- |
| 2014 | $466 -45% | -- |
| 2012 | $848 | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 56007
Nearby homes
- $77,5002 bd1 ba1.2k sqft421 W College St, Albert Lea, MN 56007Off Market
- $3,200-- bd-- ba-- sqft405 W College St, Albert Lea, MN 56007Off Market
- $77,5002 bd1 ba972 sqft423 W College St, Albert Lea, MN 56007Sold
- $9,1003 bd1 ba1.2k sqft401 W College St, Albert Lea, MN 56007Off Market
- $3,9005,662 Square Feet409 Euclid Ave, Albert Lea, MN 56007Off Market
- $113,6003 bd1 ba1.1k sqft404 Court St, Albert Lea, MN 56007Off Market
- $145,8005 bd3 ba2.7k sqft406 Court St #410, Albert Lea, MN 56007Off Market
- $47,2004 bd1 ba1.5k sqft425 W College St, Albert Lea, MN 56007Off Market
Nearby schools
GreatSchools rating
- 6/10Lakeview Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Southwest Middle SchoolGrades: 6-7Distance: 1 mi
- 6/10Albert Lea Senior High SchoolGrades: 8-12Distance: 2.2 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$59,900
2% more
+$1,198
With Zillow Showcase(estimated)
$61,098
- Minnesota
- Freeborn County
- Albert Lea
- 56007
- 415 W College St
Nearby cities
Nearby zip codes
Other Albert Lea Topics
