About This Home

This 2-bedroom, 2-bathroom multi-family at 214 W College Street in Albert Lea, MN is listed for $94,900 ($65 per sqft). Built in 1888, the home offers 1,449 sqft of living space on a 0.18 acres lot.

Key Features

  • Built in 1888
  • 0.18 acre lot

Property Details

2 full
1888
Listing Description

Affordable duplex investment opportunity at 214 W College St in Albert Lea. This cash-flowing property offers two separate units, providing rental income from both sides and an excellent opportunity to build or expand a rental portfolio. The property offers a practical layout, affordable price point, and established rental potential.

Whether you're a first-time investor looking for an entry-level property or an experienced landlord adding another unit to your portfolio, this duplex offers the opportunity to generate income while building long-term equity. Conveniently located near local amenities, schools, shopping, and downtown Albert Lea. An affordable duplex with income-producing potential is hard to beat.

Monthly Cost Estimate

$508/mo

20% down · 6.5% · 30 years

Principal$69
Interest$411
Insurance$28

Estimates only. Actual payments may vary.

Location

214 W College Street

Albert Lea, MN 56007

Morins Add

Property Details

Heating

Forced Air

Questions & Answers

This 2-bedroom, 2-bathroom multi-family at 214 W College Street is listed at $94,900 ($65/sqft). The estimated monthly payment is $508 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1888, 0.18 acre lot.

This property is listed by Dillon Robert Dale.

DD

Dillon Robert Dale

Agent at EXP REALTY

Listed by EXP REALTY · Broker phone: (612) 751-9303 · View on Broker Site

MLS# 7154528· Source: Northstar MLS· 29 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

214 W College Street, Albert Lea, MN 56007

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