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Two-Unit Duplex with Attached Garage
For Sale
$135,000

402 7th Street SE, Mason City, IA 50401

Residential Income, Mason City, IA

Property Size1,760 SF
Price / SF$76.70
Days on Market57

Property Features for 402 7th Street SE

General Information

Property type Residential Multi Family
Property subtype Duplex
Basement Full
Subdivision PARKER & FOSTERS 2ND ADD
Directions 7th St SE & S Connecticut Ave
Standard status Active
APN 071033301000
Size 1,760 SF

Taxes and HOA fees

Tax Year 2025
Tax Description S 50' L 1 IN HAYES SUB L 8 BLK 3 PARKER & FOSTERS 2ND ADD
Tax Annual Amount 1306
Legal Description S 50' L 1 IN HAYES SUB L 8 BLK 3 PARKER & FOSTERS 2ND ADD

Utilities

Heating system Forced Air
Water source Public

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Jane Fischer & Associates LLC
Listed By: Jenna Sheriff · License #NOC222767
Added: Jul 19 Changed: Sep 7 Last Checked: Sep 13 at 11:06AM
MLS# 6340545

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 1,760-square-foot duplex, built in 1920, has an up-and-down layout with two separate residences. Each unit includes two bedrooms, a full bathroom, a kitchen with cabinet storage, and generous living areas. Large windows bring natural light into both homes, while vinyl siding, shingle roofing, forced-air heating, and public water serve the property. A one-stall attached garage adds covered parking and storage.

The property is located at 402 7th Street SE in Mason City, Iowa, and is being offered as part of a six-property package. The package also includes 511 N Jackson Ave, 242 14th St SE, 119 S Pennsylvania Ave, 323 9th St NE, and 18 Linden Dr. Schools, parks, and everyday amenities are identified as nearby.

Key Highlights

  • 1,760‑square‑foot duplex at 402 7th Street SE, Mason City, IA 50401
  • Two‑bedroom layout in each unit with a full bathroom
  • Up‑and‑down configuration with separate residential living areas

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Carpet & Flooring Store Grocery & Convenience Store Bakery Cosmetic 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.

Location Intelligence

Trade Area within ½ mile

673
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?
Duplex - Up-and-down duplex with two-bedroom units, full bathrooms, natural light, and flexible residential income potential.
Where is this duplex located?
The property is located at 402 7th Street SE 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: 1,760‑square‑foot duplex at 402 7th Street SE, Mason City, IA 50401; Two‑bedroom layout in each unit with a full bathroom; Up‑and‑down configuration with separate residential living areas
More about this property
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