There isn’t a version 1.5.7. It looks like you’re installing Avogadro 1.2.
There are a few links to that error message. If you need to install Avogadro 1.2 for some reason, Microsoft supplies an install:
https://www.microsoft.com/en-us/download/details.aspx?id=26999
If you’re using 32-bit Windows, you want vcredist_x86.exe - if you’re using 64-bit Windows, you want vcredist_x64.exe to install.
But as @Thomas mentions, I’d suggest installing for example a nightly build of the beta releases of https://two.avogadro.cc