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  • $185,000

    115 N Newton Ave, Albert Lea, MN 56007

    3beds
    2baths
    3,496sqft
    Apartment
    Built in 1920
    -- sqft lot
    $185,900 Zestimate®
    $53/sqft
    $1,178 Estimated rent

    Home value

    $185,900

    Estimated sales range

    Not available

    $1,178/mo

    Zestimate® history
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    $946/mo

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    What's special

    Gorgeous hardwood flooringGorgeous fountain lake viewsStylish sliding barn doorAll new windowsOff-street parking lotStainless steel appliancesCentral air
    Welcome to 115 Newton N Avenue, where modern luxury meets unbeatable location! Whether you’re looking for an investment property with outstanding ROI, a turn-key Airbnb, long term lease property, or a stylish live/work setup, this stunning, fully renovated gem has it all! Prime Features & Flexibility • Brand-new off-street parking lot with 24-hour parking—a rare find downtown! • Zoned for both commercial and residential use – endless possibilities! o Run your business on the main level and live upstairs, o OR operate commercial spaces on both floors, o OR lease out as two separate income-producing units! • Not eligible for traditional home mortgages – must be financed as a commercial loan (but the ROI makes it worth every penny!). Completely Renovated, Top to Bottom Step inside and fall in love with this modern masterpiece, featuring: • Gorgeous hardwood flooring throughout entire main level • Stainless steel appliances • Stylish sliding barn door • Beautiful tiled bathroom with glass shower • All new windows, newer roof and Central Air Everything you see stays! That’s right—this property comes fully furnished with chic living room, dining, and bedroom sets, plus gaming and recreation equipment (ping pong, foosball, basketball hoop game, air hockey & more!). Smart Investment, Strong Returns With Airbnb or long-term leasing, projected income exceeds $30,000+ per year with only $9,408/year 2025 TOTAL expenses (utilities, internet, garbage, taxes, insurance, etc.) That’s serious cash flow from day one. Unbeatable Location & Lifestyle Wake up every morning to gorgeous Fountain Lake views from every window, and step outside to a lifestyle that’s pure Minnesota magic: • Just steps to the lake for walking, biking, or jogging • A short stroll to Fountain Lake Pavilion for live music and community events • Walk to Downtown Albert Lea’s revitalized core with endless dining, shopping, fitness, and entertainment options — including the Marion Ross Theatre, local pubs, cafés, the public library, and more! And despite the location this building is shockingly private and unbelievably QUIET with the acoustic tiles! You don’t hear a thing! Turn-Key, Move-In Ready Whether you’re ready to launch your next business, start earning passive income, or live in luxury while your property pays for itself, 115 Newton N Avenue delivers. Modern. Profitable. Perfectly Located. Your next great investment—and your best lifestyle—start right here.

    Zillow last checked:

    Listing updated:

    Listed by:

    Anna Rahn 507-383-6399,

    HomeProz Real Estate

    Bought with:

    Rick Mummert

    Century 21 Atwood

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6816926MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: Lower Level, Laundry Room
    Features
    • Basement: Block
    Interior area
    • Total structure area: 3,496
    • Total interior livable area: 3,496 sqft
    • Finished area above ground: 1,748
    • Finished area below ground: 1,748

    Property

    Parking
    • Parking features: Paved Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake View
    Lot
    • Size: 1,742 Square Feet
    • Dimensions: 1742 sq ft
    Details
    • Foundation area: 1748
    • Parcel number: 340010910

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Roof: Flat
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Electric: Power Company: Freeborn - Mower Cooperative Services
    • Gas: Electric
    • Sewer: City Sewer - In Street
    • Water: City Water/Connected

    Community & HOA

    Location
    • Region: Albert Lea

    Financial & listing details

    • Price per square foot: $53/sqft
    • Annual tax amount: $2,128
    • Date on market: 11/12/2025
    • Cumulative days on market: 373 days
    • Tenant pays: None

    Price history

    DateEventPrice
    6/4/2026Sold$185,000-11.5%$53/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem
    5/19/2026Pending sale$209,000$60/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem
    4/22/2026Price change$209,000-6.7%$60/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem
    4/17/2026Price change$224,000-6.3%$64/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem
    12/30/2025Price change$239,000-8%$68/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem
    11/12/2025Listed for sale$259,900$74/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6816926 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 56007

    Nearby schools

    GreatSchools rating
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    $185,900
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    +$3,718
    With Zillow Showcase(estimated)
    $189,618