Closed

$275,000

525 W Main St, Albert Lea, MN 56007

6beds

4baths

3,894sqft

Triplex

Built in 1940

-- sqft lot

$277,600 Zestimate^®

$71/sqft

$1,150 Estimated rent

Home value

$277,600

Estimated sales range

Not available

$1,150/mo

Zestimate^® history

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$1,725/mo

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$1,725/mo

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What's special

Attached garagePrivate decks

Amazing income property that is basically brand new. A fire across the street led to hundreds of thousands of dollars in repairs (far more than the property is being sold for.) The lot acrtoss the street where the fire was is a City Owned lot now. Thius property is right on the new sharded user path the County is developing. This property has 4 units. A huge 3 bedroom apartment on the upper level with a nice new deck out front, 2 one bedrooms units on the main level each with their own private decks and a deteched studio apartment with an attached garage. All for less than $69k a door. The repairs after the fire across the street made the property perfect. The new park and bike path across the street will make the location pretty amazing!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Boiler

Appliances

Laundry: In Basement, Common Area, Laundry Room

Features

Basement: Full

Interior area

Total structure area: 3,894
Total interior livable area: 3,894 sqft
Finished area above ground: 2,636
Finished area below ground: 0

Property

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 6,969 Square Feet
Dimensions: 40 x 150
Features: Corner Lot

Details

Foundation area: 1258
Parcel number: 340072140

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Roof: Age 8 Years or Less

Condition

New construction: No
Year built: 1940

Utilities & green energy

Electric: Circuit Breakers
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: $71/sqft
Annual tax amount: $1,940
Date on market: 1/17/2026
Cumulative days on market: 1 day
Tenant pays: Broadband, Cable TV, Electricity, Gas

Price history

Date	Event	Price
3/6/2026	Sold	$275,000$71/sqft
Source: NorthstarMLS as distributed by MLS GRID #7009918 Report a problem
1/17/2026	Pending sale	$275,000$71/sqft
Source: NorthstarMLS as distributed by MLS GRID #7009918 Report a problem
1/17/2026	Listed for sale	$275,000+139.3%$71/sqft
Source: NorthstarMLS as distributed by MLS GRID #7009918 Report a problem
5/22/2009	Listing removed	$114,900$30/sqft
Source: Listhub #4008656 Report a problem
1/29/2009	Listed for sale	$114,900$30/sqft
Source: Listhub #4008656 Report a problem