509 E 4th St

3
Baths
1,890 Sq. Ft.
$100 / Sq. Ft.
1,890
Sq. Ft.
$100
per Sq. Ft.

Description

This charming up-down duplex in Albert Lea offers timeless curb appeal and a versatile opportunity for both investors and owner-occupants. Ideally located within walking distance of local shops, dining, and everyday conveniences, the property is also just minutes from Albert Lea Lake’s scenic beaches and well-loved recreational amenities. The home features a well-maintained exterior, a spacious front yard ideal for relaxing or outdoor gatherings, and a detached 2-car garage providing valuable storage...This charming up-down duplex in Albert Lea offers timeless curb appeal and a versatile opportunity for both investors and owner-occupants. Ideally located within walking distance of local shops, dining, and everyday conveniences, the property is also just minutes from Albert Lea Lake’s scenic beaches and well-loved recreational amenities. The home features a well-maintained exterior, a spacious front yard ideal for relaxing or outdoor gatherings, and a detached 2-car garage providing valuable storage and off-street parking. Both units enjoy the comfort of a quiet residential setting with a peaceful, small-town feel while remaining conveniently close to everything Albert Lea has to offer. Whether you’re looking to generate rental income, expand your investment portfolio, or live in one unit while offsetting expenses with the other, this duplex presents a compelling combination of character, flexibility, and location.
  1. Listed by Coldwell Banker Realty - Lakes

Property Details for 509 East 4th Street

Waterfront YN
No
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 05/27/2026 09:02 AM

Property Details for 509 East 4th Street

StatusActive
MLS #7004302
Days on Compass5
Taxes$1,808 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex Up and Down
Year Built1888
Lot Size0.21 AC / 9,147 SF
CountyFreeborn County

Location

Listing Courtesy of Coldwell Banker Realty - Lakes
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Building Information for 509 East 4th Street

Stories-Residences2Year Built1888Building Size-Lot Size0.21 AC / 9,147 SF

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$942

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Property Information for 509 East 4th Street

Summary
Location and General Information
  • City Name: Albert Lea
  • County Or Parish: Freeborn
  • County: Freeborn-MN
  • Directions: From I-35 S to I-35BUS/US-65 S in Albert Lea. Take exit 12 from I-35 S, Continue on I-35BUS/US-65 S. Drive to E 4th St.
  • Latitude: 43.6405454715
  • Longitude: -93.3615840539
  • Map Coordinate: 999-A1
  • City and Location: Albert Lea
  • City and Location Text: Albert Lea(MN)
  • Postal Code: 56007
  • State Or Province: MN
  • Public Survey Township: 34
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1
  • Tax Annual Amount: $1,808.00
  • Tax Legal Description: HALL'S ADDITION Lot-008 Block-010 W 55 1/2 FT LOT 8 EXC N 35 FT BLK 10 HALLS ADDITION
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 1808
School Information
  • High School District: 241 - Albert Lea
  • School District Number: 241
  • School District Phone: 5073794800
Property
Lot Information
  • Above Grade Fin SQFT: 1890.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1890.0
  • Lot Size Area: 0.21
  • Lot Size Dimensions: 197x55
  • Lot Size Units: Acres
  • Present Use: Seasonal
  • Property Sub Type: Duplex Up and Down
  • Property Type: Residential Income
  • SQFT Main Total: 1080
  • Building Area Total: 2970.0
  • Above Grade SqFt Total: 1890
  • Below Grade SqFt Total: 1080
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Exterior Features: Fiber Board
  • Foundation Area: 1080.0
  • Foundation Details: Stone
  • Fuel: Natural Gas
  • Roof: Asphalt
Interior Features
  • Basement Type: Full
  • Bathrooms Total Count: 3
  • Bedrooms Total: 7
  • DP Resource: Yes
  • Garage Square Feet: 600
  • Heating: Forced Air
  • Levels: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath Full: 2
  • Unit Rooms Total: 1
  • Unit SqFt: 1
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 5
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Type Total Rent: 0
Unit 2
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: N
  • Unit Type Total Rent: 0

Property History for 509 East 4th Street

DateEvent & SourcePriceAppreciation
Jan 2, 2026

Price Change

NorthStar #7004302

$189,000
Jan 2, 2026

Listed (Active)

NorthStar #7004302

Jan 2, 2026

Off Market

NorthStar #6736360

DateEvent & SourcePrice
01/02/2026

Price Change

NorthStar #7004302

$189,000
01/02/2026

Listed (Active)

NorthStar #7004302

01/02/2026

Off Market

NorthStar #6736360

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 509 East 4th Street

Taxable ValueLand$14,700Additions$98,000Total$112,700
Tax Record2024$2,552 ($213 / month)
Home Facts
Total Finished SqFt2,264 SqFtAbove Grade Finished SqFt2,264 SqFtStories2StyleDuplexYear Built1888CountyFREEBORNAPN34.033.2840

Schools near 509 East 4th Street

This home is within Albert Lea Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 7
Public - 8 to 12
Public - 6 to 12
Rating
School
Distance
Halverson Elementary School
PublicPK to 5

Southwest Middle School
Public6 to 7

Albert Lea Senior High School
Public8 to 12

Albert LEA Secondary Online Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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509 East 4th Street is a multi-family home for sale in Albert Lea, MN 56007. This property was listed for sale on January 2, 2026 by Coldwell Banker Realty - Lakes, it's currently listed at $189,000. It has been on the market for a total of 5 days and was last sold on August 17, 2006. This listing's school district is Albert Lea Public School District. Nearby schools include Halverson Elementary School, Southwest Middle School and Albert Lea Senior High School. 509 East 4th Street is a 7-bed, 3-bath, 1,890 sqft multi-family home built in 1888.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty - Lakes

Based on information submitted to the MLS GRID as of 05/27/2026 09:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.