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6-Unit Apartment Building
New
For Sale
$199,900

1108 N Carolina, Mason City, IA 50401

MULTI-FAMILY, MASON CITY, IA

Property SizeContact for details
Days on Market3

Property Features for 1108 N Carolina

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 1, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 4
Appliances Appliances Negotiable, Washer / Dryer
Elementary school district Mason City
Middle school district Mason City
High school district Mason City
Subdivision Northeast
Standard status Active

Taxes and HOA fees

Tax Description L 2 Exc str aud Pl lts 21-22-23-24-29-30 etc.
Tax Annual Amount 2258
Legal Description L 2 Exc str aud Pl lts 21-22-23-24-29-30 etc.

Utilities

Heating system Hot Water(Heating)
Cooling system Window Unit(s)

Building Details

Year built 1925
Number of units 6
Building materials Vinyl Siding
Roof type Asphalt
Listing Agency: AMERICAN REALTY & MGMT CO
Listed By: CONNIE SPRINGER · License #110
Added: Oct 14 Changed: Oct 16 Last Checked: Oct 16 at 2:06PM
MLS# 260793

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.

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Investment Insights

Based on property information with market context.

This six-unit apartment building dates to 1925 and has vinyl siding with an asphalt roof. Hot-water heating and window-unit cooling serve the property. Washer and dryer appliances are present, and other appliances are negotiable.

Five units are rented. Updates are in progress in the sixth unit, and off-street parking is available.

Key Highlights

  • Six‑unit apartment building built in 1925
  • Units 1–5 are rented; updates are underway in unit 6
  • Off‑street parking

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Skin Care Clinic Grocery & Convenience Store Real Estate Agency Bakery Dental Office

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

6
Residential units

Location Intelligence

Trade Area within ½ mile

283
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

Frequently Asked Questions

What type of property is this?
Apartment building - Five units are rented, and updates are underway in the sixth.
Where is this apartment building located?
The property is located at 1108 N Carolina Mason City, IA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Six‑unit apartment building built in 1925; Units 1–5 are rented; updates are underway in unit 6; Off‑street parking
More about this property
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