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 blends classic curb appeal with the ease of modern living, creating an ideal opportunity for investors or owner-occupants alike. Nestled within walking distance of local shops, dining, and everyday conveniences, the property also enjoys close proximity to Albert Lea Lake’s scenic beaches and celebrated natural attractions. The duplex features a thoughtfully maintained exterior, including a spacious front yard perfect for outdoor gatherings and a detached...This charming up-down duplex in Albert Lea blends classic curb appeal with the ease of modern living, creating an ideal opportunity for investors or owner-occupants alike. Nestled within walking distance of local shops, dining, and everyday conveniences, the property also enjoys close proximity to Albert Lea Lake’s scenic beaches and celebrated natural attractions. The duplex features a thoughtfully maintained exterior, including a spacious front yard perfect for outdoor gatherings and a detached 2-car garage offering practical storage and off-street parking. Both units benefit from a quiet, residential setting that feels distinctly country while remaining connected to the heart of town. Whether you're seeking stable rental income or a comfortable home with an additional unit, this Albert Lea duplex delivers the ideal mix of serenity, charm, and everyday convenience.
  1. Listed by Coldwell Banker Realty • Mike Wilen

Property Details for 509 East 4th Street

Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/06/2026 08:53 AM

Property Details for 509 East 4th Street

StatusActive
MLS #7004302
Days on Compass6
Taxes$1,808 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1888
Lot Size0.21 AC / 9,147 SF
CountyFreeborn County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 509 East 4th Street

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

Payment Calculator

$1,072 per month

30 year fixed, 6.15% Interest

Principal and Interest

$921

Property Taxes

$151

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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: 1141 - Albert Lea
  • School District Number: 1141
  • 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 Type: Residential Income
  • SQFT Main Total: 1080
  • 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
  • Foundation Area: 1080.0
  • 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

Jun 10, 2025

Price Change

NorthStar #6736360

$189,000
Jun 10, 2025

Listed (Active)

NorthStar #6736360

Jun 2, 2025

Off Market

NorthStar #6629462

Nov 13, 2024

Off Market

NorthStar #6629457

Nov 11, 2024

Listed (Active)

NorthStar #6629457

$189,000
Nov 11, 2024

Listed (Active)

NorthStar #6629462

$189,000
Nov 2, 2024

Off Market

NorthStar #6523303

Apr 22, 2024

Listed (Active)

NorthStar #6523303

$189,000
Apr 2, 2024

Off Market

NorthStar #6476029

Jan 10, 2024

Listed (Active)

NorthStar #6476029

$189,000
Jan 9, 2024

Off Market

NorthStar #6471356

Jan 9, 2024

Off Market

NorthStar #6320375

Dec 26, 2023

Listed (Active)

NorthStar #6471356

$189,000
Aug 2, 2023

Off Market

NorthStar #6320375

Jan 3, 2023

Listed (Active)

NorthStar #6320375

$189,000
Jan 2, 2023

Off Market

NorthStar #6223358

Jun 20, 2022

Listed (Active)

NorthStar #6223358

$189,000
Dec 31, 2012

Off Market

Lake Superior Area REALTORS #1726593

$79,000
Jan 25, 2012

Listed (Active)

Lake Superior Area REALTORS #1726593

$79,000
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

06/10/2025

Price Change

NorthStar #6736360

$189,000
06/10/2025

Listed (Active)

NorthStar #6736360

06/02/2025

Off Market

NorthStar #6629462

11/13/2024

Off Market

NorthStar #6629457

11/11/2024

Listed (Active)

NorthStar #6629457

$189,000
11/11/2024

Listed (Active)

NorthStar #6629462

$189,000
11/02/2024

Off Market

NorthStar #6523303

04/22/2024

Listed (Active)

NorthStar #6523303

$189,000
04/02/2024

Off Market

NorthStar #6476029

01/10/2024

Listed (Active)

NorthStar #6476029

$189,000
01/09/2024

Off Market

NorthStar #6471356

01/09/2024

Off Market

NorthStar #6320375

12/26/2023

Listed (Active)

NorthStar #6471356

$189,000
08/02/2023

Off Market

NorthStar #6320375

01/03/2023

Listed (Active)

NorthStar #6320375

$189,000
01/02/2023

Off Market

NorthStar #6223358

06/20/2022

Listed (Active)

NorthStar #6223358

$189,000
12/31/2012

Off Market

Lake Superior Area REALTORS #1726593

$79,000
01/25/2012

Listed (Active)

Lake Superior Area REALTORS #1726593

$79,000

For completeness, Compass 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.

Similar Homes

Similar Sold Homes

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, it's currently listed at $189,000. 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

Based on information submitted to the MLS GRID as of 01/06/2026 08:53 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.