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Mason City, IA Apartment Buildings for Sale

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48-Unit Apartment Building
Updated: Sep 16
48-Unit Apartment Building

1115 4th Street Southeast, Mason City, IA 50401

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48‑unit apartment community in Mason City, Iowa
Balanced mix of 24 two‑bedroom/one‑bath and 24 two‑bedroom/one‑and‑a‑half‑bath residences
Floor plans range from approximately 890 to 930 square feet
Shared courtyard feature
Located at 1115–1119 4th Street SE
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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Mason City, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Income Building
Mixed-Use Income Building

805 W Bremer Avenue, Waverly, IA 50677

$729,900
7,712 sqft

Mixed-use building with five separately metered apartments upstairs and a multi-office layout on the main level.

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2023 Apartment Building with Mini-Splits
2023 Apartment Building with Mini-Splits

814 N Eagle Avenue, Eagle Grove, IA 50533

$1,200,000
1.28 AC lot

Recently built multifamily property offering two- and three-bedroom residences with individually metered tenant-paid utilities.

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8-Unit Apartment Building
8-Unit Apartment Building

811 N Montgomery Avenue, Eagle Grove, IA 50533

$1,200,000
0.48 AC lot

Recently built multifamily property with tenant-paid utilities and ductless heating and cooling.

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Class A Apartment Community
Class A Apartment Community

426 16th Street NW, Waverly, IA 50677

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Turnkey 15-unit Class A building with in-unit laundry and elevator service, maintained to institutional standards.

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Off-Market Properties in Mason City, IA

Consider similar Off-Market properties in Mason City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

304 3rd NE St
HIGH-RISE APARTMENTS

304 3rd NE St, Mason City, IA 50401-3467

Estimated value:
$3,560,000
55,924 sqft 1.00 AC lot
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540 State St
Multifamily properties

540 State St, Mason City, IA 50401

Estimated value:
No data
10,038 sqft 1.01 AC lot
View details
320 Connecticut Ave
HIGH-RISE APARTMENTS

320 Connecticut Ave, Mason City, IA 50401

Estimated value:
$2,390,000
36,416 sqft 0.50 AC lot
View details
4 3rd NW St
HIGH-RISE APARTMENTS

4 3rd NW St, Mason City, IA 50401-3251

Estimated value:
$7,090,000
117,435 sqft 0.50 AC lot
View details

Mason City, IA Apartment Buildings Market Trends and Statistics

Explore 5 apartment buildings for sale in Mason City, IA on our real estate platform.

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Demographics Overview

Population 29K
Population Growth (5Y) -0.7%
Median Household Income $63,807
College Educated 14.7%

Taxes & Financing

Tax Rate (average for all types) 2.38%
Property Tax per SF $31.10 per SF
Tax Rate vs County Average 0.21 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cerro Gordo County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Mason City fall within the 50,000 to 100,000 square foot range.

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