$259,900
115 N Newton Avenue Albert Lea, MN 56007 - Fountain
For Sale MLS# 6816926
3 beds 2 baths 3,496 sq ft Multi-family
Details for 115 N Newton Avenue
MLS# 6816926
Description for 115 N Newton Avenue, Albert Lea, MN, 56007 - Fountain
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 BottomStep 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 AirEverything 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 ReturnsWith 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 & LifestyleWake 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 ReadyWhether 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.
Listing Information
Property Type: Multi-family
Status: Active
Bedrooms: 3
Bathrooms: 2
Lot Size: 0.04 Acres
Square Feet: 3,496 sq ft
Year Built: 1920
Foundation: 1,748 sq ft
Stories: 1 Story
Number Of Units Total: 2
County: Freeborn
Days On Market: 34
Construction Status: Previously Owned
School Information
District: 241 - Albert Lea
Additonal Room Information
Laundry: Laundry Room, Lower Level
Interior Features
Square Footage above: 1,748 sq ft
Square Footage below: 1,748 sq ft
Basement: Concrete Block
Utilities
Water: City Water/Connected
Sewer: City Sewer - In Street
Heating: Electric, Forced Air
Exterior / Lot Features
Open Parking: 2
Parking Description: Paved Lot
Exterior: Brick/Stone
Roof: Flat
Lot Dimensions: 1742 sq ft
Waterfront Details
Standard Water Body: Fountain
DNR Lake ID: 24001800
Water Front Features: Lake View
Lake Acres: 522
Lake Depth: 14 Ft.
Driving Directions
Head west on East Main Street in Albert Lea. Take a right onto Newton Avenue.
Financial Considerations
Tenant Pays: None
Owner Pays: All Utilities
Gross Income: 30000
Expense: 8000
Tax/Property ID: 340010910
Tax Amount: 2128
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: HomeProz Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 115 N Newton Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 115 N Newton Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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