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Sold for $300,000 on 08/22/25
  • $300,000

    271 Main St NW, New Albin, IA 52160

    --beds
    --baths
    5,000sqft
    Apartment
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $60/sqft
    $984 Estimated rent

    Owner options

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    $984/mo

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    $984/mo

    Rent Zestimate®

    Refinance and save

    $1,898/mo

    Est. payment

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    $1,898/mo

    Est. payment

    What's special

    Great investment opportunity in the heart of New Albin! With the only public laundromat in town, this property offers onsite laundry for the tenants as well as additional income potential from the local community. This well-maintained 5-plex features four 2-bedroom, 1-bath units and one spacious 3-bedroom, 1-bath unit, offering solid rental income potential. Each unit provides comfortable living spaces with functional layouts, and the property has a strong rental history. Whether you're looking to expand your portfolio or start investing, this multi-family property is a smart choice with room for continued growth. Current rental income of $3,300/month.

    Zillow last checked: 7 hours ago

    Listing updated: August 25, 2025 at 11:37am

    Listed by:

    Bret Doll 608-386-2637,

    Next Home Prime Real Estate

    Bought with:

    Bret Doll, S71577000

    Next Home Prime Real Estate

    Source: Northeast Iowa Regional BOR,MLS#: 20251975MLS Logo

    Facts & features

    Interior

    Cooling
    • Window Unit(s)
    Appliances
    • Laundry: 1st Floor, Laundry Room
    Features
    • Basement: None
    Interior area
    • Total structure area: 5,000
    • Total interior livable area: 5,000 sqft
    • Finished area above ground: 1,670
    • Finished area below ground: 3,330

    Property

    Parking
    • Total spaces: 10
    • Parking features: On Street, None
    • Uncovered spaces: 10
    Lot
    • Size: 9,300 sqft
    • Dimensions: 150.00x62.00
    Details
    • Parcel number: 0311127002
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Synthetic Stucco, Vinyl Siding
    • Roof: Rubber,Asphalt
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Paid by Individual, Elec Individual Meters, Garbage in Rent, Gas Prorated, Separate Meters, Water Prorated

    Community & neighborhood

    Location
    • Region: New Albin