{"@odata.id":"https:\/\/api.mlsgrid.com\/v2\/Property('NST7826629')","ListingKey":"NST7826629","Basement":["Block"],"CarportSpaces":0,"City":"Albert Lea","Contingency":"None","Directions":"Head west on East Main Street in Albert Lea. Take a right onto Newton Avenue.","FoundationDetails":["Block"],"NST_Fuel":["Electric"],"GrossIncome":30000,"Latitude":43.65030900000000002592059900052845478057861328125,"ListPrice":209000,"LivingArea":3496,"Longitude":-93.367580000000003792592906393110752105712890625,"LotSizeDimensions":"1742 sq ft","LotSizeUnits":"Acres","ParcelNumber":"340010910","PostalCity":"Albert Lea","PostalCode":"56007","PublicRemarks":"Welcome to 115 Newton N Avenue, where modern luxury meets unbeatable location! Whether you\u2019re 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!\n\nPrime Features & Flexibility\n\u2022\tBrand-new off-street parking lot with 24-hour parking\u2014a rare find downtown!\n\u2022\tZoned for both commercial and residential use \u2013 endless possibilities!\no\tRun your business on the main level and live upstairs,\no\tOR operate commercial spaces on both floors,\no\tOR lease out as two separate income-producing units!\n\u2022\tNot eligible for traditional home mortgages \u2013 must be financed as a commercial loan (but the ROI makes it worth every penny!).\n\nCompletely Renovated, Top to Bottom\nStep inside and fall in love with this modern masterpiece, featuring:\n\u2022\tGorgeous hardwood flooring throughout entire main level\n\u2022\tStainless steel appliances\n\u2022\tStylish sliding barn door\n\u2022\tBeautiful tiled bathroom with glass shower\n\u2022\tAll new windows, newer roof and Central Air\nEverything you see stays! That\u2019s right\u2014this 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!).\n\nSmart Investment, Strong Returns\nWith Airbnb or long-term leasing, projected income exceeds $30,000+ per year with only $9,408\/year 2025 TOTAL expenses (utilities, internet, garbage, taxes, insurance, etc.) \nThat\u2019s serious cash flow from day one.\n\nUnbeatable Location & Lifestyle\nWake up every morning to gorgeous Fountain Lake views from every window, and step outside to a lifestyle that\u2019s pure Minnesota magic:\n\u2022\tJust steps to the lake for walking, biking, or jogging\n\u2022\tA short stroll to Fountain Lake Pavilion for live music and community events\n\u2022\tWalk to Downtown Albert Lea\u2019s revitalized core with endless dining, shopping, fitness, and entertainment options \u2014 including the Marion Ross Theatre, local pubs, caf\u00e9s, the public library, and more!\nAnd despite the location this building is shockingly private and unbelievably QUIET with the acoustic tiles! You don\u2019t hear a thing!  \n\nTurn-Key, Move-In Ready\nWhether you\u2019re 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.\n\nModern. Profitable. Perfectly Located.\nYour next great investment\u2014and your best lifestyle\u2014start right here.","Roof":["Flat"],"NST_SchoolDistrictPhone":"5073794800","Sewer":["City Sewer - In Street"],"StateOrProvince":"MN","StreetDirPrefix":"N","StreetName":"Newton","StreetNumber":"115","StreetNumberNumeric":115,"StreetSuffix":"Avenue","TaxYear":2025,"YearBuilt":1920,"NST_AboveGradeSqFtTotal":"1748","AboveGradeFinishedArea":1748,"AccessibilityFeatures":["None"],"AdditionalParcelsYN":false,"NST_AgentOwner":"No","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","BasementYN":true,"BathroomsTotalInteger":2,"BedroomsTotal":3,"NST_BelowGradeSqFtTotal":"1748","BelowGradeFinishedArea":1748,"CumulativeDaysOnMarket":184,"NewConstructionYN":false,"CountyOrParish":"Freeborn","NST_DPResource":"Yes","DocumentsCount":1,"DocumentsChangeTimestamp":"2025-12-30T15:58:06.787Z","DaysOnMarket":0,"ElectricExpense":1453,"ExteriorFeatures":["Stone"],"FoundationArea":1748,"NST_FractionalOwnershipYN":"No","FuelExpense":1246,"GarageSpaces":0,"Heating":["Forced Air"],"HighSchoolDistrict":"Albert Lea","NST_ForeclosureStatus":"No","InsuranceExpense":2845,"InternetAddressDisplayYN":true,"InternetAutomatedValuationDisplayYN":true,"InternetConsumerCommentYN":true,"InternetEntireListingDisplayYN":true,"LandLeaseYN":false,"LaundryFeatures":["Lower Level","Laundry Room"],"NST_LenderOwned":"Not Disclosed","Levels":["One"],"ListingContractDate":"2025-11-11","ListingId":"NST6816926","LotSizeArea":0.040000000000000000832667268468867405317723751068115234375,"NST_MainLevelFinishedArea":"1748","MaintenanceExpense":0,"ManagerExpense":0,"NST_IncomeMiscAnn":"0","NST_IncomeMiscMon":"0","NST_RefrigeratorNum":["One"],"NetOperatingIncome":20592,"NumberOfUnitsTotal":2,"OperatingExpense":9408,"OriginalEntryTimestamp":"2025-11-11T20:52:16.000Z","OtherExpense":0,"NST_OwnerOccupied":"No","OwnerPays":["All Utilities"],"NST_SchoolDistrictNumber":"241","ParkingFeatures":["Paved Lot"],"PhotosCount":25,"PhotosChangeTimestamp":"2025-12-30T15:59:06.171Z","NST_PotentialShortSale":"No","NST_PowerCompanyName":"Freeborn - Mower Cooperative Services","NST_PresentUse":"Yearly","PropertySubType":"Apartment","PropertyType":"Residential Income","RoadResponsibility":["Public Maintained Road"],"StandardStatus":"Active","TaxAnnualAmount":2128,"NST_TaxWithAssessments":"2128","TenantPays":["None"],"NST_TotalArea":"3496","BuildingAreaTotal":3496,"Township":"Albert Lea","TrashExpense":274,"VideosCount":2,"VideosChangeTimestamp":"2025-11-14T20:39:33.000Z","WaterSewerExpense":612,"WaterSource":["City Water\/Connected"],"WaterfrontFeatures":["Lake View"],"WaterfrontYN":false,"NST_SchoolDistrictFullName":"241 - Albert Lea","ListAgentKey":"NST520986","ListAgentMlsId":"NST503517068","ListOfficeMlsId":"NST253235","ListOfficeName":"HomeProz Real Estate","ListOfficeKey":"NST1001978","VirtualTourURLUnbranded":"https:\/\/wellcomemat.com\/embed\/5cpg857c105b1me42?mls=1","ModificationTimestamp":"2026-04-22T15:51:05.683Z","OriginatingSystemName":"northstar","MlgCanView":true,"MlgCanUse":["IDX"]}