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220 E 7th Street, 
Albert Lea, MN 56007

$249,900

4

Beds

4

Baths

2,800

Sq Ft

Multi-Family

Active

Listed by

Lanier Pratt

Keller Williams Premier Realty

507-424-4422

Last updated:

July 22, 2026, 12:04 PM

MLS#

7104298

Source:

NSMLS

About This Home

220 E 7th Street

Exceptional 3 Bedroom 4 Bath 4-Plex located on the corner of 7th Street and James Ave. The fourth unit is a commercial space that is currently a laundry service. It was formally a salon and could be converted back to a salon or another apartment. This property has been rented continuously with a solid rental history. Significant remodeling occurred on the property since it was purchased including new roof, medal siding, electric services, mini-splits, paint and some flooring. The property is licensed through the city and the rent is just under $3000/month. The tenants are responsible for paying their own utilities. There is ample parking on the large gravel parking lot and the 3-stall garage. This turn key property is definitely one to look at.

Home Facts

Multi-Family

4 Baths

4 Bedrooms

Built in 1949

Price Summary

249,900

$89 per Sq. Ft.

MLS #:

7104298

Last Updated:

July 22, 2026, 12:04 PM

Added:

20 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

2,800 Sq. Ft.

Structure

Structure

Building Area:

2,800 Sq. Ft.

Year Built:

1949

Lot

Lot Size (Sq. Ft):

7,000

Finances & Disclosures

Finances

Price:

$249,900

Price per Sq. Ft:

$89 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.