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3-Unit Triplex with Garages
For Sale
$163,500

214 1st NW, Mason City, IA 50401

MULTI-FAMILY, MASON CITY, IA

Property SizeContact for details
Days on Market25

Property Features for 214 1st NW

General Information

Property type Residential Multi Family
Property subtype Other
Zoning RG/GENERAL RES
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3
Appliances Refrigerator, Stove
Middle school Newman,John Adams
Elementary school district Mason City
Middle school district Mason City
High school district Mason City
Subdivision Northwest
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Description W 82.5' L 5 & 8 BLK 12 PAUL FELTS PLAT
Tax Annual Amount 1950
Legal Description W 82.5' L 5 & 8 BLK 12 PAUL FELTS PLAT

Utilities

Heating system Hot Water(Heating)
Cooling system Central Air

Building Details

Year built 1900
Number of units 3
Building materials Shake, Stucco
Roof type Rubber, Asphalt
Listing Agency: HILDEBRAND REAL ESTATE
Listed By: TIMOTHY LATHAM · License #118
Added: Aug 6 Changed: Aug 24 Last Checked: Aug 30 at 1:06AM
MLS# 260586

Copyright © 2026 Greater Mason City Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This triplex contains three residential units with five bedrooms and four bathrooms across the property. The first two units are ready for occupancy, while the third requires additional work before it can be rented. Parking includes off-street spaces, a two-stall garage, and a one-stall attached garage. The property is equipped with refrigerators and stoves, central air, and hot water heating. Shake and stucco are listed among the construction materials, with asphalt and rubber roofing. Built in 1900, the property carries RG/GENERAL RES zoning and is located downtown in Mason City.

Key Highlights

  • Three‑unit triplex with five bedrooms and four bathrooms
  • Two‑stall garage plus one‑stall attached garage
  • Off‑street parking included

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Restaurant Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby

Demographics for 50401, IA

28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Residential property offering off-street parking, multiple garage spaces, and a mix of ready and unfinished unit improvements.
Where is this triplex located?
The property is located at 214 1st NW Mason City, IA.
What is the asking price?
The asking price for this property is $163,500.
What are key features of this property?
This property features: Three‑unit triplex with five bedrooms and four bathrooms; Two‑stall garage plus one‑stall attached garage; Off‑street parking included
More about this property
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