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.
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
What's special
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#: 20251975

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