919 W Front St
Triplex · 3 units: 4 bed, 2 bed and 1 bed · 2,064 sq ft
Albert Lea, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $149,900 3 units · $50K per unit
- Monthly cash flow
- $804 at 20% down, 7%
- Estimated rent
- $3,150/mo high confidence
- Break-even price
- $300,903 where cash flow hits $0
First look
At $149,900 for a triplex, our underwriting shows about $804/month cash flow and a 12.8% cap rate, which looks too good. That usually means the inputs are off, so check them first. The county parcel didn't match, so taxes and legal unit count are unverified, and 427 days on market says something is wrong with the building, the tenants, or the price story. The photos show a 1888 building with mixed-age finishes, window A/C units, and a cluttered, lived-in feel. The description gives no rents, lease terms, utilities or systems info. Get the rent roll, tax bill and rental license before spending time on a showing, then see it only if those hold up.
Things to consider
- Cash flow looks strong but is unverified Taxes and the unit count didn't match county records, so real costs could be higher and the cap rate lower.
- Rents are unknown Our estimates are $1,000 for the 2-bed and 1-bed and $1,150 for the 4-bed, but actual rents and tenant quality drive the deal.
- Over a year on market It gives bargaining room, but may also signal condition, tenant or pricing problems.
- Old building with dated finishes An 1888 structure and worn kitchens suggest turnover costs and reserves for systems should be budgeted.From photo 3
- Separate entrances This helps utility separation and privacy, but you need to confirm meters and licensing.Listing says: “All with separate entrances.”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $149,900
- Cash to close
- $19,487
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $620/mo
- Cash-on-cash
- 38.2%
- Cap rate
- 12.8%
- DSCR
- 1.63×
Break-even
- Price that breaks even
- $244,501
- Rent that breaks even
- $2,345/mo
Long run
- Year 30: property vs stocks
- $1.71M vs $148K
- Cash flow turns positive
- year 1
The deal
- Price
- $149,900
- Cash to close
- $19,487
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $353/mo
- Cash-on-cash
- 21.7%
- Cap rate
- 10.7%
- DSCR
- 1.36×
Break-even
- Price that breaks even
- $203,816
- Rent that breaks even
- $2,635/mo
Long run
- Year 30: property vs stocks
- $1.30M vs $148K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $18,187
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $685/mo
- Cash-on-cash
- 45.2%
- Cap rate
- 13.7%
- DSCR
- 1.75×
Break-even
- Price that breaks even
- $244,501
- Rent that breaks even
- $2,260/mo
Long run
- Year 30: property vs stocks
- $1.76M vs $138K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $18,187
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $419/mo
- Cash-on-cash
- 27.6%
- Cap rate
- 11.5%
- DSCR
- 1.46×
Break-even
- Price that breaks even
- $203,816
- Rent that breaks even
- $2,539/mo
Long run
- Year 30: property vs stocks
- $1.35M vs $138K
- Cash flow turns positive
- year 1
The deal
- Price
- $149,900
- Cash to close
- $34,477
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $804/mo
- Cash-on-cash
- 28.0%
- Cap rate
- 12.8%
- DSCR
- 2.01×
Break-even
- Price that breaks even
- $300,903
- Rent that breaks even
- $2,106/mo
Long run
- Year 30: property vs stocks
- $1.85M vs $262K
- Cash flow turns positive
- year 1
The deal
- Price
- $149,900
- Cash to close
- $34,477
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $537/mo
- Cash-on-cash
- 18.7%
- Cap rate
- 10.7%
- DSCR
- 1.67×
Break-even
- Price that breaks even
- $250,834
- Rent that breaks even
- $2,366/mo
Long run
- Year 30: property vs stocks
- $1.44M vs $262K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $32,177
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $857/mo
- Cash-on-cash
- 32.0%
- Cap rate
- 13.7%
- DSCR
- 2.15×
Break-even
- Price that breaks even
- $300,903
- Rent that breaks even
- $2,037/mo
Long run
- Year 30: property vs stocks
- $1.89M vs $245K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $32,177
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $590/mo
- Cash-on-cash
- 22.0%
- Cap rate
- 11.5%
- DSCR
- 1.79×
Break-even
- Price that breaks even
- $250,834
- Rent that breaks even
- $2,289/mo
Long run
- Year 30: property vs stocks
- $1.48M vs $245K
- Cash flow turns positive
- year 1
The deal
- Price
- $149,900
- Cash to close
- $41,972
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $854/mo
- Cash-on-cash
- 24.4%
- Cap rate
- 12.8%
- DSCR
- 2.14×
Break-even
- Price that breaks even
- $320,963
- Rent that breaks even
- $2,041/mo
Long run
- Year 30: property vs stocks
- $1.91M vs $320K
- Cash flow turns positive
- year 1
The deal
- Price
- $149,900
- Cash to close
- $41,972
- Price per unit
- $49,967
- GRM
- 4.0
Each month
- Cash flow
- $587/mo
- Cash-on-cash
- 16.8%
- Cap rate
- 10.7%
- DSCR
- 1.78×
Break-even
- Price that breaks even
- $267,556
- Rent that breaks even
- $2,293/mo
Long run
- Year 30: property vs stocks
- $1.49M vs $320K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $39,172
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $903/mo
- Cash-on-cash
- 27.7%
- Cap rate
- 13.7%
- DSCR
- 2.29×
Break-even
- Price that breaks even
- $320,963
- Rent that breaks even
- $1,977/mo
Long run
- Year 30: property vs stocks
- $1.94M vs $298K
- Cash flow turns positive
- year 1
The deal
- Price
- $139,900
- Cash to close
- $39,172
- Price per unit
- $46,633
- GRM
- 3.7
Each month
- Cash flow
- $637/mo
- Cash-on-cash
- 19.5%
- Cap rate
- 11.5%
- DSCR
- 1.91×
Break-even
- Price that breaks even
- $267,556
- Rent that breaks even
- $2,221/mo
Long run
- Year 30: property vs stocks
- $1.53M vs $298K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$898 |
| PMI | −$84 |
| Cash flow | $620 |
| Principal paid down (equity, not cash) | $114 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$898 |
| PMI | −$84 |
| Cash flow | $353 |
| Principal paid down (equity, not cash) | $114 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$838 |
| PMI | −$79 |
| Cash flow | $685 |
| Principal paid down (equity, not cash) | $107 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$838 |
| PMI | −$79 |
| Cash flow | $419 |
| Principal paid down (equity, not cash) | $107 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$798 |
| Cash flow | $804 |
| Principal paid down (equity, not cash) | $102 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$798 |
| Cash flow | $537 |
| Principal paid down (equity, not cash) | $102 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$745 |
| Cash flow | $857 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$745 |
| Cash flow | $590 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$748 |
| Cash flow | $854 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$748 |
| Cash flow | $587 |
| Principal paid down (equity, not cash) | $95 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Net operating income | $1,602 |
| Mortgage (principal + interest) | −$698 |
| Cash flow | $903 |
| Principal paid down (equity, not cash) | $89 |
| Rent | $3,150 |
| Vacancy (6%) | −$189 |
| Collected | $2,961 |
| Property tax Listing | −$214 |
| Insurance Estimate | −$295 |
| Water, sewer, trash Estimate | −$255 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$252 |
| Capital reserve (9% of rent) | −$284 |
| Property management | −$266 |
| Net operating income | $1,335 |
| Mortgage (principal + interest) | −$698 |
| Cash flow | $637 |
| Principal paid down (equity, not cash) | $89 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $1,371,804
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $134,910 of loan.
$547,137 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $148,340
$19,487 put into an index fund instead of the down payment and closing costs.
The building comes out $1,565,480 ahead after 30 years.
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $957,279
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $134,910 of loan.
$394,996 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $148,340
$19,487 put into an index fund instead of the down payment and closing costs.
The building comes out $1,150,955 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,441,417
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $125,910 of loan.
$568,963 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $138,444
$18,187 put into an index fund instead of the down payment and closing costs.
The building comes out $1,622,172 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,026,892
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $125,910 of loan.
$416,822 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $138,444
$18,187 put into an index fund instead of the down payment and closing costs.
The building comes out $1,207,648 ahead after 30 years.
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $1,510,939
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $119,920 of loan.
$587,087 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $262,448
$34,477 put into an index fund instead of the down payment and closing costs.
The building comes out $1,590,506 ahead after 30 years.
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $1,096,414
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $119,920 of loan.
$434,946 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $262,448
$34,477 put into an index fund instead of the down payment and closing costs.
The building comes out $1,175,982 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,571,270
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $111,920 of loan.
$606,247 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $244,940
$32,177 put into an index fund instead of the down payment and closing costs.
The building comes out $1,645,529 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,156,745
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $111,920 of loan.
$454,107 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $244,940
$32,177 put into an index fund instead of the down payment and closing costs.
The building comes out $1,231,005 ahead after 30 years.
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $1,567,461
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $112,425 of loan.
$605,038 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $319,502
$41,972 put into an index fund instead of the down payment and closing costs.
The building comes out $1,589,975 ahead after 30 years.
- Your equity when you sell
- $342,016
- Rental profits, invested at 7%
- $1,152,937
Sells for $363,847 (value up 3% a year), minus 6% selling cost ($21,831). Rent paid down $112,425 of loan.
$452,897 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $319,502
$41,972 put into an index fund instead of the down payment and closing costs.
The building comes out $1,175,451 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,624,022
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $104,925 of loan.
$623,001 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $298,187
$39,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,645,035 ahead after 30 years.
- Your equity when you sell
- $319,200
- Rental profits, invested at 7%
- $1,209,497
Sells for $339,574 (value up 3% a year), minus 6% selling cost ($20,374). Rent paid down $104,925 of loan.
$470,860 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $298,187
$39,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,230,510 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.71M, stocks $148K. The property wins.
Year 30 (loan paid off): property $1.30M, stocks $148K. The property wins.
Year 30 (loan paid off): property $1.76M, stocks $138K. The property wins.
Year 30 (loan paid off): property $1.35M, stocks $138K. The property wins.
Year 30 (loan paid off): property $1.85M, stocks $262K. The property wins.
Year 30 (loan paid off): property $1.44M, stocks $262K. The property wins.
Year 30 (loan paid off): property $1.89M, stocks $245K. The property wins.
Year 30 (loan paid off): property $1.48M, stocks $245K. The property wins.
Year 30 (loan paid off): property $1.91M, stocks $320K. The property wins.
Year 30 (loan paid off): property $1.49M, stocks $320K. The property wins.
Year 30 (loan paid off): property $1.94M, stocks $298K. The property wins.
Year 30 (loan paid off): property $1.53M, stocks $298K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
4 bed / 1 bath estimate $1,150/mo · range $825–$1,450
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 1609 Gateway Dr, Albert Lea 56007 | $1,850 | 4 / 2 | 0.8 mi | 80% |
| 1913 Grand Ave, Albert Lea 56007 | $1,500 | 4 / 2 | 2.1 mi | 75% |
| 820 S 4th Ave, Apt 302, Albert Lea 56007 off market | $850 | 2 / 1 | 0.2 mi | 75% |
| 902 S 4th Ave, Apt 203, Albert Lea 56007 off market | $900 | 2 / 1 | 0.2 mi | 75% |
| 826 S 4th Ave, Apt 306, Albert Lea 56007 off market | $800 | 1 / 1 | 0.2 mi | 75% |
| 1403 Dunham St, Albert Lea 56007 off market | $1,300 | 3 / 1 | 0.6 mi | 72% |
| 1516/1520 E Hawthorne St, Albert Lea 56007 | $895 | 2 / 1 | 1.8 mi | 72% |
| 1516/1520 E Hawthorne Ave, Albert Lea 56007 off market | $950 | 2 / 1 | 1.8 mi | 72% |
| 318 E 5th St, Albert Lea 56007 off market | $1,300 | 3 / 1 | 0.9 mi | 71% |
| 524 Park [Furnished Ave, Unit 4, Albert Lea 56007 off market | $900 | 1 / 1 | 0.8 mi | 70% |
2 bed / 1 bath estimate $1,000/mo · range $975–$1,050
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 820 S 4th Ave, Apt 302, Albert Lea 56007 off market | $850 | 2 / 1 | 0.2 mi | 94% |
| 902 S 4th Ave, Apt 203, Albert Lea 56007 off market | $900 | 2 / 1 | 0.2 mi | 94% |
| 1516/1520 E Hawthorne St, Albert Lea 56007 | $895 | 2 / 1 | 1.8 mi | 91% |
| 1516/1520 E Hawthorne Ave, Albert Lea 56007 off market | $950 | 2 / 1 | 1.8 mi | 91% |
| 204 E Front St, Albert Lea 56007 off market | $925 | 2 / 1 | 0.8 mi | 86% |
| 139 E William St, Albert Lea 56007 | $880 | 2 / 1 | 0.8 mi | 85% |
| 1302 Madison Ave, Albert Lea 56007 | $895 | 2 / 1 | 0.6 mi | 85% |
| 133 W William St, Apt 201, Albert Lea 56007 | $865 | 2 / 1 | 0.7 mi | 84% |
| 133 W William St, Apt 301, Albert Lea 56007 off market | $865 | 2 / 1 | 0.7 mi | 84% |
| 826 S 4th Ave, Apt 306, Albert Lea 56007 off market | $800 | 1 / 1 | 0.2 mi | 84% |
1 bed / 1 bath estimate $1,000/mo · range $925–$1,075
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 826 S 4th Ave, Apt 306, Albert Lea 56007 off market | $800 | 1 / 1 | 0.2 mi | 94% |
| 524 Park [Furnished Ave, Unit 4, Albert Lea 56007 off market | $900 | 1 / 1 | 0.8 mi | 89% |
| 820 S 4th Ave, Apt 302, Albert Lea 56007 off market | $850 | 2 / 1 | 0.2 mi | 84% |
| 902 S 4th Ave, Apt 203, Albert Lea 56007 off market | $900 | 2 / 1 | 0.2 mi | 84% |
| 133 W William St, Albert Lea 56007 | $1,000 | 1 / 1 | 0.7 mi | 84% |
| 820 S 4th Ave, Apt 304, Albert Lea 56007 off market | $750 | 1 / 1 | 0.2 mi | 84% |
| 1704 Sunset St, Apt 9, Albert Lea 56007 off market | $800 | 1 / 1 | 1.1 mi | 83% |
| 127 Elizabeth Ave, Albert Lea 56007 | $725 | 1 / 1 | 0.8 mi | 82% |
| 1516/1520 E Hawthorne St, Albert Lea 56007 | $895 | 2 / 1 | 1.8 mi | 82% |
| 1516/1520 E Hawthorne Ave, Albert Lea 56007 off market | $950 | 2 / 1 | 1.8 mi | 82% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 919 FRONT ST W
- mediumNo rents, leases, expenses or systems info in the listing; the pitch is just 'well maintained'. Listing says: Investment opportunity. Welcome to this well maintained, triplex · AI review
- mediumBuilt 1888 with unknown wiring, plumbing, heat and foundation; none are described. Based on: data: listing.year_built · AI review
- mediumUnderwriting cash flow and cap rate look unusually high, which suggests unverified taxes or expenses may be understating costs. Based on: data: underwriting.cap_rate · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 427 days on market
- Over a year on market and a low price give room for a well-below-ask offer. Based on: data: listing.days_on_market · AI review
- Separate entrances for all three units make utility separation and tenant privacy easier. Listing says: All with separate entrances. · AI review
Questions for the agent
- What are the current rents, lease end dates and are any tenants month-to-month?
- Who pays which utilities, and how many meters and furnaces/water heaters are there?
- What are the annual taxes, and is the property licensed as a three-unit rental in Albert Lea?
- Why has it sat for over a year, and have there been price cuts or failed deals?
- What are the ages of the roof, electrical panels and heating, and are there any inspection reports?
- Does the studio and the 4-bed unit meet egress and code requirements for the stated bedrooms?
Bottom line
Numbers look great on paper, but with no rents, no verified taxes and 427 days on market, treat this as unproven until the rent roll and records check out. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Listinglisting, tax year 2025. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit. | $2,570 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $3,538 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $255 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1888: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2025-08-04 (427 days); down $50,000 (25.0%) from the first ask of $199,900; last sold for $172,500 on 2023-06-15.
| Date | Event | Price |
|---|---|---|
| Price changed | $149,900 | |
| Price changed | $159,900 | |
| Price changed | $169,900 | |
| Price changed | $179,900 | |
| Price changed | $189,500 | |
| Price changed | $194,900 | |
| Listed | $199,900 | |
| Sold | $172,500 | |
| Sold | $115,000 | |
| Listed | $135,000 | |
| Sold | $75,000 | |
| Listed | $79,900 |
From the listing Listing
| Listed as | triplex |
| Property tax, 2025 | $2,570 |
| County | Freeborn |
| Parcel number | 340590640 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Albert Lea on rental licensing before you buy.