This piece is a salon-style character work from the late Romantic era. It is distinguished by its expressive, song-like melody typical of German Albumblätter.
The primary challenge is maintaining a singing legato tone in the right hand against a balanced accompaniment.
Comparable difficulty and character — good candidates for what to learn next.
Albumblatt op.5 is rated Henle level 3 of 9 — late beginner repertoire, roughly ABRSM grades 4–5. In the RCM system it corresponds to about level 4.
You should be comfortable at Henle level 3 — meaning you can already play level 2–3 pieces cleanly. Learning it one level early is possible as a stretch piece, but more than that usually leads to months of frustration.
A typical performance of Albumblatt op.5 lasts about 3 minutes.
Albumblatt op.5 is available as free public-domain sheet music on IMSLP — the score is linked directly from this page.
Pieces at a comparable difficulty and character include Berceuse by Rudolf Friml, 'O marenariello by Salvatore Gambardella, Butterfly by Walter Niemann — see the full similar-pieces list on this page.