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214 College St, Albert Lea, MN, 56007

$89,900

Home List Price

$1,068*

Closing Credit

0 Baths
1,449 SqFt
$62/SqFt
Multi

Location

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214 College St, Albert Lea$89,900

Buyer Closing Credits

$1,068*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1888
HeatingForced Air
BasementYes
MLS #6629694
StatusActive

About 214 College St

Here is a solid investment opportunity in the heart of Albert Lea — a charming duplex featuring two 1-bedroom, 1-bath units. Both units are move-in ready, making this property ideal for generating rental income or for owner-occupants seeking to offset their mortgage by living in one unit and renting the other. Each unit offers a comfortable layout with well-maintained spaces. Located close to downtown amenities, this duplex combines convenience with versatility. Don’t miss out on this fantastic property!

Property Details

Property Features

Property Information:

  • Year Built: 1888
  • Living Area: 1,449 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: From Main St to South on Broadway. Right onto College St. Property is down on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,900
  • Price Per SqFt: $62/SqFt
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Housing Market Comparison

See how this home compares to others in Albert Lea, MN.

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Albert Lea, MN

City

Med. Sold Price

$162.9K

Med. Price/SqFt

$112

Avg. Days On Market

30

# of Sold Homes

20

214 College St vs Albert Lea

1 DAY ON ROCKET

-29 Days

$89,900

-$73K Less

$62/SqFt

-$50 Less

KEY TAKEAWAY

This property is $73K less than the Median Sold Price and $50/SqFt less than other homes in Albert Lea, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6629694

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 11/23/2024, 8:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$516

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-844627
4
/10

  • Lakeview Elementary School

  • 902 Abbott St

  • 0.69 miles

  • Public District Grades KG-5

school-card-donut-844628
6
/10

  • Sibley Elementary School

  • 1501 W Front St

  • 0.97 miles

  • Public District Grades KG-5

school-card-donut-844629
3
/10

  • Hawthorne Elementary School

  • 1000 E Hawthorne St

  • 1.04 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,317. The majority of Albert Lea, MN residents have income less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Albert Lea, MN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Albert Lea, MN?

Albert Lea's housing market offers a diverse array of options, with single-family homes being the most prevalent, reflecting a mix of architectural styles from classic to contemporary. The market is characterized by a blend of older homes with rich histories and newer constructions that cater to modern living preferences. While the majority of residences are owner-occupied, there is also a selection of rental properties available for those looking to lease.

Is Albert Lea, MN a good place to live?

Albert Lea is celebrated for its welcoming small-town charm and community-oriented lifestyle. The city prides itself on its scenic lakes, parks, and recreational areas that offer residents a peaceful and nature-infused environment. Local events and festivals throughout the year contribute to the strong sense of community and celebrate the area's heritage and culture.

Are things conveniently located in Albert Lea, MN?

The community is served by a network of public schools, healthcare facilities, and a public library system that collectively support the residents' educational and health needs. Retail and dining options are available, reflecting the local culture and providing a range of choices for shopping and cuisine. The city is attentive to the evolving needs of its population and works to enhance services accordingly.

What does the transportation in Albert Lea, MN look like?

Albert Lea's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, offering residents alternatives to private vehicle use. The city also features areas that are pedestrian-friendly, encouraging walking and biking as viable modes of transport within the community. Recent efforts have been made to improve transport efficiency and accessibility, ensuring that residents can navigate the area with ease.

Rocket Homes›Minnesota›Freeborn County›Albert Lea›56007›214 College St

This home is located at 214 College St in Albert Lea, MN and zip code 56007. This 1,449 square foot home was built in 1888. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $89,900.

Over 3 listings were sold over their listed price in October 2024 in Albert Lea, MN. In the same period over 12 listings were sold below the listed price and 5 listings were sold for the listed price. The number of listings in Albert Lea, MN increased by 0.9% between September 2024 and October 2024. In October 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $162,900.

From Rocket Homes Real Estate and based on county public records data.

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