115 N Newton Avenue, Albert Lea, MN

$239,000 - Fountain Lake

3

Beds

2

Baths

3,496

Square feet

0.04

Acres

About 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.

Features of 115 N Newton Avenue

MLS® # 6816926
Price $239,000
Bedrooms 3
Bathrooms 2.00
Square Footage 3,496
Acres 0.04
Year Built 1920
Type Single Family
Status Active
Contingency Type None
Lake Name Fountain Lake

Community Information

Address 115 N Newton Avenue
City Albert Lea
County Freeborn
State MN
Zip Code 56007

Amenities

Parking Paved Lot
Is Waterfront No
Waterfront Lake View
Has Pool No

Interior

Heating Forced Air
Fireplace No
Has Basement Yes
Basement Block

Exterior

Roof Flat

School Information

District Albert Lea

Additional Information

Foreclosure No
Short Sale No
Taxes $2,128
Tax Year 2025
Office HomeProz Real Estate

Listing Details

OfficeHomeProz Real Estate

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