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
$300,000
271 Main St NW, New Albin, IA 52160
--beds
--baths
5,000sqft
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$60/sqft
$1,253 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,253/mo
Zestimate® history
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Owner options
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$1,253/mo
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Rent Zestimate®
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$1,573/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: August 26, 2025 at 04:01am
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 as distributed by MLS GRID,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
Price history
| Date | Event | Price |
|---|---|---|
| 8/22/2025 | Sold | $300,000-9.1%$60/sqft |
Source:  Northeast Iowa Regional BOR as distributed by MLS GRID #20251975 Report a problem | ||
| 8/5/2025 | Pending sale | $330,000$66/sqft |
Source:  NextHome #20251975 Report a problem | ||
| 7/29/2025 | Listed for sale | $330,000$66/sqft |
Source: NextHome #20251975 Report a problem | ||
| 7/2/2025 | Contingent | $330,000$66/sqft |
Source:  WIREX MLS #1920544 Report a problem | ||
| 7/2/2025 | Pending sale | $330,000$66/sqft |
Source: Northeast Iowa Regional BOR as distributed by MLS GRID #20251975 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,794 +3.4% | $258,800 +11.5% |
| 2024 | $3,668 +39.2% | $232,100 |
| 2023 | $2,636 -6.9% | $232,100 +86.7% |
Find assessor info on the county website
Neighborhood: 52160
Nearby schools
GreatSchools rating
- 7/10New Albin Elementary SchoolGrades: PK-4Distance: 0.3 mi
- 8/10Lansing Middle SchoolGrades: 5-8Distance: 10 mi
- 9/10Kee High SchoolGrades: 9-12Distance: 10 mi
Schools provided by the listing agent
- Elementary: New Albin
- Middle: East Allamakee
- High: East Allamakee
Source: Northeast Iowa Regional BOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Iowa
- Allamakee County
- New Albin
- 52160
- 271 Main St NW