918 Jefferson Avenue, Albert Lea, MN 56007
New Listing
$119,900
Property Type:
Multi-Family
Bedrooms:
4
Baths:
2
Square Footage:
1,940
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$119,900
List Date:
7/21/2026
Last Modified:
7/21/2026
Listing Details MLS# 7113049
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1900
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Main Floor Total SqFt
- 830
- Above Ground SqFt
- 1316
- Below Grd Total SqFt
- 624
- Total SqFt
- 1940
- Foundation Size
- 624
- Style
- (MF) Duplex Up and Down
- Total Finished Sqft
- 1316.00
- Power Company
- Freeborn - Mower Cooperative Services
- Garage Stalls
- 2
- Lot Dimensions
- 50x122
- Acres
- 0.14
- Assessment Pending
- Unknown
Property Features
Accessible:
None
Basement:
Concrete Block
Construction Status:
Previously Owned
Exterior:
Aluminum Siding
Foundation:
Concrete Block
Fuel:
Electric
Heating:
Forced Air
Lock Box Type:
Supra
Roof:
Age Over 8 Years; Asphalt Shingles
Sewer:
City Sewer - In Street
Stories:
Two
Unit 1 Appliances:
Range; Refrigerator
Unit 2 Cooling:
Central
Water:
City Water - In Street
Contract Information
- Contingency
- None
- Original List Price
- 119900
- ListPrice
- 119900
- Owner is an Agent?
- No
- Auction?
- No
Location Tax and Other Information
- House Number
- 918
- Street Name
- Jefferson
- Street Suffix
- Avenue
- Postal City
- Albert Lea
- County
- Freeborn
- State
- MN
- Zip Code
- 56007
- Complex/Dev/Subdivision
- Railroad Add
Assessments
- Tax With Assessments
- 1352
- Assessment Balance
- 0
Building Information
- Finished SqFt Above Ground
- 1316
More Information
Income and Expenses
- Annual Electric Expense
- 900
- Annual Fuel Expense
- 900
- Annual Gross Expenses
- 5640
- Annual Gross Income
- 12000
- Annual Insurance Expense
- 2400
- Annual Maintenance Expense
- 1200
- Annual Repair Expense
- 500
- Annual Trash Expense
- 720
- Annual Water/Sewer Expense
- 720
- Total Annual Expenses
- 5640
- Annual Caretaker Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Lock Box Type
- Lock Box Source
- SEMR
- Supra
- Yes
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- Yes
Ownership
- Fractional Ownership
- No
Parking Characteristics
- Garage Dimensions
- 24x24
- Garage Square Feet
- 576
Unit 1
- Furnished?
- No
- Leased?
- No
- Level
- Main Level
- Unit Number
- Yes
- Annual Rent
- 12000
- Finished SqFt
- 830
- Full Baths
- Yes
- Monthly Expense
- 470
- Monthly Rent
- 1000
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 6
Unit 2
- Furnished?
- No
- Leased?
- No
- Unit Number
- 2
- Annual Rent
- 10200
- Finished SqFt
- 460
- Full Baths
- Yes
- Monthly Expense
- 120
- Monthly Rent
- 850
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 4
Unit Details
- Total Units
- 2
Office/Member Info
- Association
- SEMR
Location, Tax and Other Information
- Legal Description
- RAILROAD ADDITION LOT-012 BLOCK-014 LOT 12 BLK 14 RAILROAD ADDITION
- Listing City
- Albert Lea
- Map Page
- 999
- Municipality
- Albert Lea
- School District
- Albert Lea
- School District Phone
- 507-379-4800
- Zip Plus 4
- 2411
- Property ID Number
- 340141480
- Tax Year
- 2025
- Tax Amount
- 1500
- In Foreclosure?
- No
- Potential Short Sale?
- Not disclosed
- Lender Owned?
- Not disclosed
Directions & Remarks
- Public Remarks
- Whether you're looking to expand your investment portfolio or purchase a property with the opportunity to offset your mortgage, this versatile up/down duplex offers exceptional potential! It’s conveniently located in Albert Lea, has Central AC, a detached double garage, replacement windows, and great income-producing potential! There is flexibility to continue as a duplex or easily convert it back into a spacious single-family home. The main level unit: • Offers comfortable living space! • Three bedrooms with generous closet space and built-in storage • Full bathroom • Spacious living room • Large kitchen featuring abundant cabinetry The upper-level unit: • One-bedroom with large closet • Large bright living room area with newer carpet • Full bathroom with ample storage • A kitchen that opens to a private deck overlooking the neighborhood—an inviting space to relax and unwind. Additional features for this property include hardwood floors and charming built-ins! Based on current market rents, the property offers an estimated rental income potential of $1,850+ per month, with the main level projected at $1,000+ per month and the upper level at approximately $850 per month. The property is currently vacant, allowing a new owner the opportunity to select tenants and establish market rents from day one. Affordable duplexes continue to see strong buyer demand in Albert Lea, making this an attractive opportunity for investors, owner-occupants, or buyers seeking a property with future flexibility and upside potential.
- Directions
- From Main Street in Albert Lea, head West on Front Street, left on Jefferson, house on right
Accessible
- None
- Yes
Basement
- Concrete Block
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Aluminum Siding
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Electric
- Yes
Heating
- Forced Air
- Yes
Patio, Porch and Deck Features
- Deck
- Yes
Roof
- Age Over 8 Years
- Yes
- Asphalt Shingles
- Yes
Sewer
- City Sewer - In Street
- Yes
Stories
- Two
- Yes
Water
- City Water - In Street
- Yes
Unit 1 Appliances
- Range
- Yes
- Refrigerator
- Yes
Unit 2 Cooling
- Central
- Yes
Listing Office:
HomeProz Real Estate
Last Updated: July - 21 - 2026
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