115 N Newton Avenue, Albert Lea, MN 56007
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
115 N Newton Avenue,Albert Lea, MN 56007
$259,900
- - Beds
- - Baths
- 3,496 sq. ft.
- Multi-family
- Active
Listed by: anna rahn
Office: landproz real estate, llc.
MLS#:6816926
Source:NSMLS
Price summary
- Price:$259,900
- Price per sq. ft.:$74.34
About this home
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 $8,000/year in total expenses (utilities, internet, garbage—all in!).
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.
Contact an agent
Home facts
- Year built:1920
- Listing ID #:6816926
- Added:2 day(s) ago
- Updated:November 15, 2025 at 02:43 AM
Rooms and interior
- Living area:3,496 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat
- Year built:1920
- Building area:3,496 sq. ft.
- Lot area:0.04 Acres
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - In Street
Finances and disclosures
- Price:$259,900
- Price per sq. ft.:$74.34
- Tax amount:$2,128 (2025)
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