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$ 119,900
Est. payment /mo
New
918 Jefferson AVE Albert Lea, MN 56007
4 Beds
2 Baths
1,316 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,316 sqft
Price per Sqft $91
Subdivision Railroad Add
MLS Listing ID 7113049
Bedrooms 4
Year Built 1900
Annual Tax Amount $1,500
Tax Year 2025
Contingent None
Lot Size 6,098 Sqft
Lot Dimensions 50x122
Property Sub-Type Duplex Up and Down
Property Description
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.
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.
Location
State MN
County Freeborn
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Forced Air
Fireplace No
Exterior
Garage Spaces 2.0
Roof Type Age Over 8 Years,Asphalt
Building
Story Two
Foundation 624
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
New Construction false
Schools
School District Albert Lea
Listed by Anna Rahn • HomeProz Real Estate