Active

Price cut: $8.5K (8/13)

$127,500

518 E 5th St, Albert Lea, MN 56007

3beds

1,047sqft

$877/mo

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Single Family

Built in 1923

4,356 Square Feet Lot

$122,500 Zestimate^®

$122/sqft

$-- HOA

What's special

All new flooringAttractive curb appealLow-maintenance vinyl sidingThree well-sized bedroomsComfortable living spacesLasting durabilityBright refreshed interior

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!

28 days
585
33

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Dryer, Range, Refrigerator, Washer

Features

Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,663
Total interior livable area: 1,047 sqft
Finished area above ground: 1,047
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2

Lot

Size: 4,356 Square Feet
Dimensions: 132 x 33

Details

Foundation area: 616
Parcel number: 340361860
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family

Condition

New construction: No
Year built: 1923

Utilities & green energy

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

Community & HOA

Community

Subdivision: Lake Add

HOA

Has HOA: No

Location

Region: Albert Lea

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $54,000
Annual tax amount: $746
Date on market: 7/31/2026

Estimated market value

$122,500

$116,000 - $129,000

$1,308/mo

Price history

Date	Event	Price
8/13/2026	Price change	$127,500-6.3%$122/sqft
Source: NorthstarMLS as distributed by MLS GRID #7119339 Report a problem
7/31/2026	Listed for sale	$136,000+127%$130/sqft
Source: NorthstarMLS as distributed by MLS GRID #7119339 Report a problem
12/6/2021	Listing removed	--
Source: RE/MAX International Report a problem
11/19/2021	Price change	$59,900-3.4%$57/sqft
Source: NorthstarMLS as distributed by MLS GRID #6108532 Report a problem
10/18/2021	Price change	$62,000-4.6%$59/sqft
Source: NorthstarMLS as distributed by MLS GRID #6108532 Report a problem
10/1/2021	Listed for sale	$65,000+172%$62/sqft
Source: NorthstarMLS as distributed by MLS GRID #6108532 Report a problem
8/3/2015	Sold	$23,900-19%$23/sqft
Source: NorthstarMLS as distributed by MLS GRID #5086443 Report a problem
6/16/2015	Listed for sale	$29,500$28/sqft
Source: RE/MAX Properties #4063551 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$814 -23.9%	$54,000 +11.1%
2024	$1,070 +47.8%	$48,600 +13.6%
2023	$724 +16%	$42,800 -1.4%
2022	$624 +7.2%	$43,400 +13.9%
2021	$582	$38,100 +18.7%
2020	$582 +22.8%	$32,100
2019	$474	--
2018	$474 +1.3%	--
2016	$468 +3.5%	--
2015	$452 -0.4%	--
2014	$454 -24.3%	--
2012	$600	--
2011	--	--
2010	--	--