115 N Newton Ave
Description
• 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,...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.
- Listed by HomeProz Real Estate
Property Details for 115 North Newton Avenue
Property Details for 115 North Newton Avenue
| Status | Active |
|---|---|
| MLS # | 6816926 |
| Days on Compass | 32 |
| Taxes | $2,128 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1920 |
| Lot Size | 0.04 AC / 1,742 SF |
| County | Freeborn County |
Location
Building Information for 115 North Newton Avenue
Payment Calculator
$1,342 per month
30 year fixed, 6.15% Interest
$1,165
$177
$0
Property Information for 115 North Newton Avenue
- City Name: Albert Lea
- County Or Parish: Freeborn
- County: Freeborn-MN
- Directions: Head west on East Main Street in Albert Lea. Take a right onto Newton Avenue.
- Latitude: 43.650309
- Longitude: -93.36758
- Nbr of Acres: 522
- Lake Name: Not Applicable
- PLAT: 14
- Map Coordinate: 999-A1
- City and Location: Albert Lea
- City and Location Text: Albert Lea(MN)
- Postal Code: 56007
- State Or Province: MN
- Water Body Name: Fountain
- Waterfront Footage: 24001800
- Additional Parcels: No
- Parcel Number: 340010910
- Tax Annual Amount: $2,128.00
- Tax Legal Description: ALBERT LEA ORIGINAL PLAT LOT-PT1 BLOCK-009 REV DESC NO. 3395 PT LOT 1 BLK 9 & PT VACATED ALLEY & PT VACATED NEWTON ST ORIGINAL PLAT CITY OF ALBERT LEA
- Tax Other Annual Assessment Amount: $.00
- Tax Year: 2025
- Tax With Assessments: 2128
- High School District: 1141 - Albert Lea
- School District Number: 1141
- School District Phone: 5073794800
- Above Grade Fin SQFT: 1748.0
- Below Grade Fin SQFT: 1748.0
- SQFT Total: 3496.0
- Living Area Units: Square Feet
- Lot Size Area: 0.04
- Lot Size Dimensions: 1742 sq ft
- Lot Size Units: Acres
- Present Use: Yearly
- Property Type: Residential Income
- SQFT Main Total: 1748
- Above Grade SqFt Total: 1748
- Below Grade SqFt Total: 1748
- Sewer: City Sewer - In Street
- Water Source: City Water/Connected
- Accessibility Features: None
- Foundation Area: 1748.0
- Fuel: Electric
- Road Responsibility: Public Maintained Road
- Roof: Flat
- Basement Type: Block
- Bathrooms Total Count: 2
- Bedrooms Total: 3
- DP Resource: Yes
- Heating: Forced Air
- Laundry Features: Lower Level, Laundry Room
- Levels: One
- Number of Refrigerator: One
- Basement YN: Yes
- Unit Amenities: Ceiling Fan(s), Custom Cabinetry, Hardwood Floors, Main Floor Primary Bedroom, Natural Woodwork, Open Floor Plan
- Unit Appl: Chandelier, Cooktop, Dryer, Water Heater - Electric, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener - Owned
- Unit Bath 3Qtr: 1
- Unit Bath Description: Main Floor 3/4 Bath
- Unit Cool System: Central
- Unit Monthly Expenses: 333
- Unit Fireplace Location: Electric
- Unit Fireplace Num: 1
- Unit Rooms Total: 4
- Unit SqFt: 1748
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Units Total: 1
- Dining Room Description: Informal Dining Room, Living/Dining Room
- Family Room Features: Great Room, Main Level
- Unit Is Leased: Y
- Unit Level: Main Level
- Unit Type Total Rent: 1250
- Unit Furnished: Furnished
- Unit Amenities: Exercise Room, Washer/Dryer Hookup
- Unit Appl: Dryer, Washer
- Unit Bath Description: 1/2 Primary
- Unit Bath Half: 1
- Unit Monthly Expenses: 333
- Unit Rooms Total: 7
- Unit SqFt: 1748
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Units Total: 1
- Family Room Features: Great Room
- Unit Is Leased: N
- Unit Level: Below Ground
- Unit Type Total Rent: 1250
- Unit Furnished: Furnished
Property History for 115 North Newton Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 30, 2025 | Price Change NorthStar #6816926 | $239,000 | — |
| Nov 11, 2025 | Price Change NorthStar #6816926 | $259,900 | — |
| Nov 11, 2025 | Listed (Active) NorthStar #6816926 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/30/2025 | Price Change NorthStar #6816926 | $239,000 |
| 11/11/2025 | Price Change NorthStar #6816926 | $259,900 |
| 11/11/2025 | Listed (Active) NorthStar #6816926 | — |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 115 North Newton Avenue
Schools near 115 North Newton Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 7 | |||
| Public - | 8 to 12 | |||
| Public - | 4 to 5 |
Rating | School | Distance |
|---|---|---|
Hawthorne Elementary School PublicPK to 5 | ||
Southwest Middle School Public6 to 7 | ||
Albert Lea Senior High School Public8 to 12 | ||
Albert LEA Elementary Online Public4 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of HomeProz Real Estate
Based on information submitted to the MLS GRID as of 01/09/2026 08:05 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.
