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525 W Main Street, Albert Lea, MN 56007

$275,000
6
BD
4
BA
2,636
SqFt
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Sold Price
$275,000
List Price
$275,000
Closing Date
Mar 06, 2026
MLS#
7009918
Status
CLOSED
Type
Multifamily
Style
(MF) Triplex
Bedrooms
6
Bathrooms
4
Living Area
2,636
Acres
0.16
Subdivision
Morins Add
Year Built
1940
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Call Shane Maki, Broker, 651-472-4012

Property Description

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!

Call Shane Maki, Broker, 651-472-4012
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Additional Information

School District
Albert Lea
Tax Year
2025
Fuel
Natural Gas
Lot Description
Corner Lot
Sewer
City Sewer/Connected
Roof
Age 8 Years or Less
Heating
Boiler
Water
City Water/Connected
Basement
Full
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Listing courtesy of Robert Hoffman Realty Inc..

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