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115 N Newton Avenue, 
Albert Lea, MN 56007

$259,900


Bed


Bath


3,496

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Anna Rahn

Homeproz Real Estate

507-373-5660

Last updated:

December 17, 2025, 04:10 PM

MLS#

6816926

Source:

NSMLS

About This Home

115 N Newton Avenue

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.

Home Facts

Multi-Family

Built in 1920

Price Summary

259,900

$74 per Sq. Ft.

MLS #:

6816926

Last Updated:

December 17, 2025, 04:10 PM

Added:

a month ago


Rooms & Interior

Interior

Living Area:

3,496 Sq. Ft.


Structure

Structure

Building Area:

3,496 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

1,742


Finances & Disclosures

Finances

Price:

$259,900

Price per Sq. Ft:

$74 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is 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.

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