115 N Newton Ave Albert Lea, MN 56007
Estimated payment $1,544/month
Highlights
- Lake View
- Forced Air Heating System
- 1-minute walk to Fountain Lake
- 1-Story Property
- High Speed Internet
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,128
Year Built
- Built in 1920
Parking
- Paved Parking
Home Design
- Flat Roof Shape
Interior Spaces
- 1-Story Property
- Lake Views
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- High Speed Internet
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 340010910
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,128 | $104,100 | $8,700 | $95,400 |
| 2024 | $1,620 | $96,700 | $8,700 | $88,000 |
| 2023 | $1,152 | $76,400 | $8,700 | $67,700 |
| 2022 | $1,324 | $53,900 | $8,700 | $45,200 |
| 2021 | $1,338 | $52,500 | $5,700 | $46,800 |
| 2020 | $1,332 | $52,500 | $5,700 | $46,800 |
| 2019 | $1,230 | $48,800 | $2,000 | $46,800 |
| 2018 | $1,248 | $0 | $0 | $0 |
| 2016 | $576 | $0 | $0 | $0 |
| 2015 | $564 | $0 | $0 | $0 |
| 2014 | $692 | $0 | $0 | $0 |
| 2012 | $1,520 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $259,900 | -- | $74 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $150,000 | -- | |
| Deed | $55,000 | -- | |
| Warranty Deed | -- | North American Title Company | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional | |
| Previous Owner | $54,000 | No Value Available | |
| Previous Owner | $120,000 | Future Advance Clause Open End Mortgage |
Source: NorthstarMLS
MLS Number: 6816926
APN: 34.001.0910
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