918 Jefferson Avenue, Albert Lea, MN 56007
Local realty services provided by:ERA Gillespie Real Estate
918 Jefferson Avenue,Albert Lea, MN 56007
$119,900
- 4 Beds
- 2 Baths
- 1,316 sq. ft.
- Multi-family
- Active
Listed by: anna rahn
Office: homeproz real estate
MLS#:7113049
Source:NSMLS
Price summary
- Price:$119,900
- Price per sq. ft.:$61.8
About this home
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....
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Home facts
- Year built:1900
- Subdivision & Development:Railroad Add
- Listing ID #:7113049
- Added:47 day(s) ago
- Updated:September 06, 2026 at 12:09 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Basement:Yes
- Basement Description:Block
- Living area:1,316 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Age Over 8 Years, Asphalt
- Year built:1900
- Building area:1,316 sq. ft.
- Lot area:0.14 Acres
- Levels:2 Story
Utilities
- Water:City Water - In Street
- Sewer:City Sewer - In Street
Finances and disclosures
- Price:$119,900
- Price per sq. ft.:$61.8
- Tax amount:$1,500 (2025)
Parking
- Garage:Yes
- Garage spaces:2
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