Sold for $300,000

$300,000

271 Main St NW, New Albin, IA 52160

--beds

--baths

5,000sqft

Apartment

Built in 1920

-- sqft lot

$-- Zestimate^®

$60/sqft

$1,253 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,253/mo

Zestimate^® history

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$1,573/mo

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$1,573/mo

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What's special

Great investment opportunity in the heart of New Albin! With the only public laundromat in town, this property offers onsite laundry for the tenants as well as additional income potential from the local community. This well-maintained 5-plex features four 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit, offering solid rental income potential. Each unit provides comfortable living spaces with functional layouts, and the property has a strong rental history. Whether you're looking to expand your portfolio or start investing, this multi-family property is a smart choice with room for continued growth. Current rental income of $3,300/month.

Facts & features

Interior

Cooling

Window Unit(s)

Appliances

Laundry: 1st Floor, Laundry Room

Features

Basement: None

Interior area

Total structure area: 5,000
Total interior livable area: 5,000 sqft
Finished area above ground: 1,670
Finished area below ground: 3,330

Property

Parking

Total spaces: 10
Parking features: On Street, None
Uncovered spaces: 10

Lot

Size: 9,300 Square Feet
Dimensions: 150.00x62.00

Details

Parcel number: 0311127002
Zoning: R-1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Synthetic Stucco, Vinyl Siding
Roof: Rubber,Asphalt

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Paid by Individual, Elec Individual Meters, Garbage in Rent, Gas Prorated, Separate Meters, Water Prorated

Community & HOA

Location

Region: New Albin

Financial & listing details

Price per square foot: $60/sqft
Tax assessed value: $232,100
Annual tax amount: $3,668
Date on market: 5/3/2025
Cumulative days on market: 60 days
Tenant pays: Electricity, Gas, Water

Price history

Date	Event	Price
8/22/2025	Sold	$300,000-9.1%$60/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251975 Report a problem
8/5/2025	Pending sale	$330,000$66/sqft
Source: NextHome #20251975 Report a problem
7/29/2025	Listed for sale	$330,000$66/sqft
Source: NextHome #20251975 Report a problem
7/2/2025	Contingent	$330,000$66/sqft
Source: WIREX MLS #1920544 Report a problem
7/2/2025	Pending sale	$330,000$66/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251975 Report a problem
5/3/2025	Listed for sale	$330,000+20%$66/sqft
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251975 Report a problem
11/8/2023	Sold	$275,000+0%$55/sqft
Source: WIREX MLS #1835845 Report a problem
9/17/2023	Pending sale	$274,900$55/sqft
Source: WIREX MLS #1835845 Report a problem
5/26/2023	Listed for sale	$274,900$55/sqft
Source: WIREX MLS #1835845 Report a problem
11/24/2022	Listing removed	$274,900$55/sqft
Source: WIREX MLS #1793931 Report a problem
5/24/2022	Listed for sale	$274,900$55/sqft
Source: WIREX MLS #1793914 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,794 +3.4%	$258,800 +11.5%
2024	$3,668 +39.2%	$232,100
2023	$2,636 -6.9%	$232,100 +86.7%
2022	$2,830 +2.5%	$124,300
2021	$2,760 +7.3%	$124,300 +4.5%
2020	$2,572 -3.8%	$118,900
2019	$2,674 -22.8%	$118,900
2018	$3,464 +3.3%	$118,900 -0.8%
2017	$3,352 -11.4%	$119,900
2016	$3,784	$119,900
2015	$3,784 -8.9%	$119,900
2014	$4,152 -5.8%	$119,900
2013	$4,408	--

Find assessor info on the county website

Neighborhood: 52160

Nearby homes

Nearby schools

GreatSchools rating

9/10
New Albin Elementary School
Grades: PK-4Distance: 0.3 mi
7/10
Lansing Middle School
Grades: 5-8Distance: 10 mi
6/10
Kee High School
Grades: 9-12Distance: 10 mi

Schools provided by the listing agent

Elementary: New Albin
Middle: East Allamakee
High: East Allamakee

Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.