$300,000
SOLD AUG 22, 2025

271 Main St NW New Albin, IA 52160

-- Bed
-- Bath
5,000 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

9% Below List Price

28 Days on Market

About This Home

As of August 2025

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.

Last Agent to Sell the Property

Garrick Olerud

NextHome Prime Real Estate License #58612-90 Listed on: 06/03/2025

NextHome Prime Real Estate

Last Buyer's Agent

Garrick Olerud

NextHome Prime Real Estate License #58612-90 Listed on: 06/03/2025

NextHome Prime Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • 5,000 Sq Ft Home
  • Vinyl Siding
  • Stucco Exterior

Listing and Financial Details

  • Tenant pays for sewer, water, electricity, heat, gas
  • Assessor Parcel Number 0311127002

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.21
  • Directions: From La Crescent, MN head south on great River Rd; turn Left onto MN-26 S Follow Great River road into New Albin, turn Left on Oak St, cross tracks then left on Main St. Building on Left
  • Special Features: VirtualTour

Interior Features

  • Owner Pays: None
  • Has Basement: None

Exterior Features

  • Construction Type: Stucco, Vinyl

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Eastern Allamakee - Iowa

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Parcel #: 0311127002

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Heat, Gas

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $300,000 -9.1% $60 / Sq Ft
06/03/2025 06/03/25 For Sale $330,000 +20.0% $66 / Sq Ft
11/08/2023 11/08/23 Sold $275,000 0.0% $48 / Sq Ft
09/15/2023 09/15/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $274,900 -- $48 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Garrick Olerud

    Seller's Agent in 2025

    Garrick Olerud

    NextHome Prime Real Estate

    (608) 632-1043

    707 Total Sales

    Garrick Olerud
    Section Image
  • Bruce Kilmer

    Seller's Agent in 2023

    Bruce Kilmer

    Coldwell Banker River Valley, REALTORS

    (608) 778-1336

    57 Total Sales

    Bruce Kilmer
    Section Image

  • N

    Buyer's Agent in 2023

    NON MLS-LAC

    NON MLS

See All Agents

Map

Source: Metro MLS

MLS Number: 1920544

Metro MLS
Iowa Allamakee County New Albin 52160

271 Main St NW, New Albin, IA

This home is located at 271 Main St NW, New Albin, IA 52160 and is currently priced at $300,000, approximately $60 per square foot. 271 Main St NW is a home located in Allamakee County with nearby schools including New Albin Elementary School, Lansing Middle School, and Kee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes