Albert Lea Homes under $400,000

Welcome to Albert Lea, Minnesota—a charming city nestled in the heart of Freeborn County, where small-town warmth meets vibrant community spirit. With its picturesque landscapes, serene lakes, and rich history, Albert Lea offers a unique blend of outdoor adventure and urban convenience, making it a perfect place to call home.

Albert Lea is known for its beautiful parks, including the expansive Myre-Big Island State Park, which provides ample opportunities for hiking, fishing, and wildlife watching. The city is also home to several stunning lakes, such as Fountain Lake and Albert Lea Lake, perfect for boating and summer picnics. With a strong sense of community, residents enjoy a variety of local events, farmers markets, and cultural festivals throughout the year, fostering connections and creating lasting memories.

For those seeking a new home in this delightful city, Albert Lea boasts an impressive selection of properties available for under $400,000. Whether you’re looking for a cozy starter home, a spacious family residence, or a charming bungalow, the real estate market here offers something for everyone. With affordable housing options and a low cost of living, you can enjoy the comforts of home without breaking the bank.

Albert Lea is not just a place to live; it's a place to thrive. Discover the perfect home that fits your lifestyle and join a community that welcomes you with open arms. Come explore Albert Lea—your new adventure awaits!

Newest Albert Lea Homes under $400,000

$335,000

5 Beds ⋅ 2 Baths ⋅ 7161344 MLS

Welcome to this spacious 5-bedroom, 2-bathroom home in the heart of Albert Lea, MN! Offering plenty of room to grow, this inviting home combines functional living spaces with timeless character and thoughtful details throughout. The open-concept design creates a welcoming flow, while the custom chef’s kitchen features beautiful knotty alder cabinetry, generous counter space, and stainless steel appliances. Enjoy year-round relaxation in the four-season porch, or spread out and unwind in the additional family room. Upstairs, the spacious primary bedroom boasts an oversized walk-in closet, with the convenience of an upper-level laundry room nearby. Solid oak doors, craftsman-style trim, and a family-friendly entryway add warmth and character, while fresh paint and plush carpeting provide a refreshed feel. With five bedrooms, versatile living spaces, and room for everyone, this home is ready for its next chapter.

627 W Fountain Street, Albert Lea

Listing courtesy of Help-U-Sell Heritage Real Est..

$329,000

4 Beds ⋅ 3 Baths ⋅ 7161059 MLS

Well-maintained and thoughtfully updated 4-bedroom, 3-bath home in a desirable southwest Albert Lea location near golf, parks, trails and schools. The flexible layout offers three separate living areas, giving everyone room to gather, work or unwind. Highlights include 2,286 finished square feet, an attached two-car garage, walk-in closet, dining/sunroom space and an inviting deck and patio with pergola. Updates include vinyl siding, newer windows throughout much of the home, LED lighting and new carpet. A wood-burning fireplace adds warmth and character, while the 0.20-acre lot and convenient location make everyday living easy.

1613 Canary Drive, Albert Lea

Listing courtesy of Leland Realty.

$169,900

3 Beds ⋅ 1 Baths ⋅ 7156700 MLS

This home has just about everything you need on the main floor! Step inside to find a move in ready home featuring two bedrooms and a full bathroom on the main level. Upstairs, you'll find an open space that is an additional bedroom, while the basement offers plenty of storage with tall ceilings. The home offers a comfortable layout with just the right amount of space for living, dining, and cooking. Plus, new stainless steel appliances in the kitchen. Outside, enjoy a spacious two stall garage with a new roof and a large deck that's perfect for relaxing or entertaining.

928 Bridge Avenue, Albert Lea

Listing courtesy of Real Broker, LLC..

$189,000

7 Beds ⋅ 3 Baths ⋅ 7160385 MLS

Classic curb appeal and a versatile up-and-down duplex layout make this Albert Lea property an appealing opportunity for investors and owner-occupants alike. Situated on a quiet residential street, the property features an attractive front yard and a detached two-car garage, with local shopping, dining, and everyday conveniences within walking distance. Albert Lea Lake, area beaches, and the region’s outdoor recreation are also nearby, adding to the appeal of this established neighborhood setting. The two-unit configuration offers flexibility for generating rental income, expanding an investment portfolio, or living in one unit while renting the other. Tenants are responsible for electricity, while the owner covers all remaining utilities. With its practical amenities, convenient location, and flexible ownership potential, this duplex offers an opportunity to invest in Albert Lea real estate.

509 E 4th Street, Albert Lea

Listing courtesy of Coldwell Banker Realty - Lakes.

$189,900

2 Beds ⋅ 2 Baths ⋅ 7157870 MLS

This charming 2-bedroom ranch offers comfortable main level living. The home features a large, attached garage-ideal for vehicles, storage, hobbies or workshop space-along with a wonderfully private backyard perfect for relaxing, gardening or hosting outdoor gatherings. The lower level was previously set up with additional bedrooms but has since been transformed into spacious family and entertainment areas, giving you flexible zones for movie nights, game days or hosting friends. This smart conversion adds valuable living space while keeping the home's warm, inviting feel intact. With its practical layout, generous garage and peaceful backyard retreat, this home blends comfort, convenience and room to enjoy every season. Please take a look at our 3D Tour and then book your private showing!

2129 Highland Avenue, Albert Lea

Listing courtesy of Leland Realty.

$309,500

3 Beds ⋅ 2 Baths ⋅ 7155608 MLS

Be the first to own this new-construction home, designed for convenient main-level living. The first floor includes all three bedrooms, two full bathrooms, and laundry. The primary suite features a spacious private bath. A fireplace anchors the living room, with a welcoming front porch just outside for enjoying Minnesota’s perfect spring, summer, and fall weather. Located off the finished attached garage, the kitchen offers stainless-steel appliances, abundant cabinetry, and space for a small breakfast table and chairs. Need more room in the future? The unfinished walk-out basement has two egress windows, allowing for up to two additional bedrooms, along with space for a family room and extra storage. It is also roughed in for another full bathroom. The large backyard offers alley access and may accommodate a future detached garage. Don’t miss the opportunity to be the first to enjoy this home.

409 W Clark Street, Albert Lea

Listing courtesy of Robert Hoffman Realty Inc..

$207,900

3 Beds ⋅ 2 Baths ⋅ 7157045 MLS

Wonderful rambler on a corner lot awaits a new owner. This home is a big home is good shape. 2 bedrooms on the main level with a near formal dining area. There is a large living room on the front and a cozy family room in the back with access to the deck. Both bedrooms are good sized. Another flex room could easily be a third bedroom on this level. Downstairs is another huge kitchen with a dining area and sitting room. The area is just off the garage. Come see this one before its gone!

430 Columbus Avenue, Albert Lea

Listing courtesy of HOMESTEAD ROAD.

$139,000

3 Beds ⋅ 1 Baths ⋅ 7158174 MLS

Welcome home to this inviting 3-bedroom, 1-bath home featuring convenient one-level living with all three bedrooms and a full bathroom on the main floor. Enjoy the fresh look and feel of new flooring, comfortable living spaces, and the added convenience of a double garage with plenty of room for vehicles and storage. Tucked away on a quiet dead-end street, this home offers added privacy with less through traffic. Whether you're a first-time buyer, downsizing, or looking for your next place to call home, this property is move-in ready and waiting for you!

113 S 7th Avenue, Albert Lea

Listing courtesy of Coldwell Banker River Valley, REALTORS.

808 Lake Chapeau Drive Unit 201, Albert Lea

$232,500

2 Beds ⋅ 2 Baths ⋅ 7156458 MLS

Stunning lake views await in this exceptional 2-bedroom, 2-bathroom condo. End unit with split floorplan, kitchen window and a huge balcony overlooking serene water views. Both bedrooms have lake views and both have access to the balcony. One garage stall with interior access. This condo is completely move in ready. Call today for your private showing!

808 Lake Chapeau Drive Unit 201, Albert Lea

Listing courtesy of Leland Realty.

$204,900

2 Beds ⋅ 1 Baths ⋅ 7156874 MLS

Schedule appointment today to tour this two bedroom home that could be easily made a three bedroom home. The basement of this home has been partially remodeled with framing done, egress window installed, insulation, wiring, rough in for waste, drain and vent piping to accommodate a 3/4 bathroom, finished laundry room and storage room. Upgrades on the main level of this home include new laminate flooring throughout, new kitchen cabinetry, quartz countertops in the kitchen and bathroom, new furnace, AC, water heater, interior repainted throughout, ceiling can lighting and new concrete patio in front of the home. This property is located near Fountain Lake, the public boat access, municipal pedestrian trail that extends around most of the lake and a public golf course. This home is very clean and close to being a turn key home.

1113 Shore Acres Drive, Albert Lea

Listing courtesy of Century 21 Atwood.

$57,000

2 Beds ⋅ 2 Baths ⋅ 7156557 MLS

Looking for your next investment property, rental, or fixer-upper to make your own? Here it is! Priced to sell! This two-bedroom, 1½-bath home offers newer windows and siding, along with plenty of potential. The main level features a bedroom, living room, eat-in kitchen, and a bonus room that would make a great home office or flex space. Upstairs, you’ll find another bedroom and a full bathroom. Step out back onto the deck overlooking a small pond area — a great spot to relax and enjoy the outdoors. Whether you’re looking to add another rental to your portfolio, find an affordable investment property, or purchase a home with potential to make it your own, this one is worth a look! Don’t wait — it won’t last long at this price. Get this one before it’s gone! Conveniently located within one block of beautiful downtown Albert Lea and just blocks from Albert Lea Lake and the Blazing Star Trail. Enjoy easy access to shopping, dining, parks, recreation, and all that downtown has to offer, with convenient interstate access just minutes away.

918 S Newton Avenue, Albert Lea

Listing courtesy of Unique Realty.

$169,900

2 Beds ⋅ 2 Baths ⋅ 7155997 MLS

This home offers a unique opportunity on a spacious 1/2 acre of lakeshore property overlooking the scenic Bancroft Bay on Fountain Lake. The living room features east-facing views of the bay, providing a tranquil backdrop for relaxation. With two bedrooms and two bathrooms, the layout accommodates comfortable living while presenting options for customization. Lower-level recreational area is spacious and has a walkout door to a spacious patio overlooking the large backyard and lake view. The property is situated in a great location, with nearby parks and walking trails, enhancing the outdoor experience and community engagement.

1918 Wilby Road, Albert Lea

Listing courtesy of Leland Realty.

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