321 3rd Street NW Mason City, IA $ 145,000
321 3rd Street NW
$ 145,000
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321 3rd Street NW

Mason City, IA, 50401
$ 145,000
Baths0.0 Sq 3,910

Monthly Estimate*

$ 893

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Studio

Multi-Family Home for sale in Mason City, IA

for $145,000. This 3,910 square foot home was built in 1916 on a lot size of 0.13.

CASH FLOW WITH CHARACTER! This 4 plex brings together timeless details, functional living spaces, & the kind of income potential investors are always searching for. Each one-bedroom unit offers a comfortable layout with hardwood floor accents that add a touch of personality. Upper-level tenants enjoy private decks perfect for winding down at the end of the day, while the main-level units feature patios that extend the living space outdoors. A detached 3-stall garage provides added value with extra parking, storage, or rental opportunities. The property offers flexibility for seasoned investors looking to expand their portfolio or for someone ready to step into multi-family ownership with a strong foundation already in place. Opportunities like this don’t come around often with four income-producing units under one roof and room to build long-term equity. Add this one to your portfolio before someone else does! Smart investment, solid potential ahead today! *48-hour notice for showings*

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Multi-Family Active

Price

$ 145,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,128

Style

Lot Size

0.13

Year Built

1916

Town/City

Mason City

County/Region

Cerro Gordo

MLS | Web ID

6338410

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Shingle
Zoning Residential-Multi-Family
Garage Spaces 3
Construction Materials Block Wood Siding
Year Built 1916
Stories Count 2
Property Subtype Quadruplex
Tax Year 2025
Gross Income 33540
Accessibility None
County Cerro Gordo
Operating Expense 10455
Property Type Residential Income
Contingency None
MaintenanceExpense 0
Subdivision Name PARKERS ADD
Status Active
Directions 3rd St NW & N Madison Ave
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 5662.8
Tax Annual Amount 1128
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Living Area Units Square Feet
Standard Status Active
Legal Description W 42' E 82' L'S 2 & 3 BLK 52 H G PARKERS ADD
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Interior
Basement Full
Total Fireplaces 0
Fireplace Y/N N
Total Baths 0
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Exterior
Water Source Public
Lot Dimensions 42 X 132
Lot Size Acres 0.13
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* Excluded Features
List By
Jenna Sheriff

Listing Agent

Jane Fischer & Associates Llc

Broker

jenna.sheriff5@gmail.com

Email

Affordability Calculator

$987
Per Month
90%
10%
0%
Monthly Principal & Interest
$893
Monthly Property Taxes
$94
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2872932 Elementary School
2872966 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/18/2026$145,000 Listed Price

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321 3rd Street NW, Mason City, IA, 50401 is a Multi-Family Home for sale at $145,000 with 3,910 sqft and a lot size of 0.13. 321 3rd Street NW is a studio with 0.0 baths and was built in 1916. The property's zip code is 50401 which is in Mason City, IA