Listing Courtesy of: 
NORTHSTAR MLS as distributed by MLS GRID / Homeproz Real Estate
NORTHSTAR MLS as distributed by MLS GRID / Homeproz Real Estate 115 N Newton Avenue Albert Lea, MN 56007
Pending (375 Days)
$209,000 (USD)
Description
MLS #:
6816926
6816926
Taxes
$2,128(2025)
$2,128(2025)
Lot Size
1,742 SQFT
1,742 SQFT
Type
Multifamily
Multifamily
Year Built
1920
1920
Style
One
One
School District
Albert Lea
Albert Lea
County
Freeborn County
Freeborn County
Listed By
Anna Rahn, Homeproz Real Estate
Source
NORTHSTAR MLS
Last checked May 21 2026 at 6:44 AM GMT+0000
NORTHSTAR MLS
Last checked May 21 2026 at 6:44 AM GMT+0000
Bathroom Details
Heating and Cooling
- Forced Air
Basement Information
- Block
Exterior Features
- Roof: Flat
Utility Information
- Sewer: City Sewer - In Street
- Fuel: Electric
Parking
- Paved Lot
Stories
- 1
Living Area
- 3,496 sqft
Listing Price History
Date
Event
Price
% Change
$ (+/-)
Apr 22, 2026
Price Changed
$209,000
-7%
-$15,000
Apr 17, 2026
Price Changed
$224,000
-6%
-$15,000
Dec 30, 2025
Price Changed
$239,000
-8%
-$20,900
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Atwood and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Atwood are marked with the Broker Reciprocity SM logo or the Broker Reciprocity SM thumbnail logo and detailed information about them includes the name of the listing brokers.Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
and detailed information about them includes the name of the listing brokers.Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
Based on information submitted to the MLS GRID as of 5/21/2026 06:44. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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.