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Four-Unit Quadplex
New
For Sale
$135,000

309 E State Street, Mason City, IA 50401

Residential Income, Mason City, IA

Property Size3,429 SF
Lot Size0.12 Acres
Price / SF$39.37
Days on Market2

Property Features for 309 E State Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Basement Unfinished, Full
Subdivision PAUL FELTS PLAT
Directions E State St & S Georgia Ave
Standard status Active
APN 071017600400
Size 3,429 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description W 41' E 82.5' L 2 & 3 BLK 100 PAUL FELTS PLAT
Tax Annual Amount 1284
Legal Description W 41' E 82.5' L 2 & 3 BLK 100 PAUL FELTS PLAT

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1895
Floors in Building 2
Number of units 4
Building materials Stone, Shakes, Vinyl Siding
Roof type Shingle
Listing Agency: Jane Fischer & Associates LLC
Listed By: Jenna Sheriff · License #NOC222767
Added: Oct 4 Changed: Oct 5 Last Checked: Oct 5 at 9:06PM
MLS# 6343370

Copyright © 2026 NoCoast MLS. 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 four-unit residential property contains 3,429 square feet on a 0.12-acre lot. Built in 1895, the building has stone, shakes, and vinyl siding, a shingle roof, and forced-air heating. Water is supplied by the public system.

The property is in Mason City, near the MacNider Art Museum, the library, and downtown.

Key Highlights

  • Four residential units
  • 3,429 square feet on a 0.12‑acre lot
  • Built in 1895

Property Analytics

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Current Use

Quadplexes

Suggested Use

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

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,029
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four residential units occupy one property in Mason City.
Where is this quadplex located?
The property is located at 309 E State Street Mason City, IA.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: Four residential units; 3,429 square feet on a 0.12‑acre lot; Built in 1895
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