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5-Unit Apartment Building
New
For Sale
$265,000

3 N Connecticut Avenue, Mason City, IA 50401

Commercial Sale, Mason City, IA

Property SizeContact for details
Days on Market2

Property Features for 3 N Connecticut Avenue

General Information

Property type Commercial Sale
Property subtype Apartment
Appliances Range, Refrigerator, Washer, Dryer
Directions Go to N Connecticut Avenue and and stop at number 3.
Standard status Active
APN 071013600400

Taxes and HOA fees

Tax Year 25
Tax Description S 90' L 3 & W 15.5's 90' L 4 AUDPL 13 AUD PL NE NW 10-96-20
Tax Annual Amount 3656
Legal Description S 90' L 3 & W 15.5's 90' L 4 AUDPL 13 AUD PL NE NW 10-96-20

Utilities

Heating system Forced Air
Cooling system Wall Unit(s)
Water source Public

Amenities

patio/balcony

Building Details

Year built 1986
Number of units 5
Building materials Vinyl Siding
Listing Agency: Jane Fischer & Associates LLC
Listed By: Jane Fischer · License #B33049
Added: Oct 8 Changed: Oct 9 Last Checked: Oct 9 at 9:06PM
MLS# 6343526

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 five-unit apartment building in downtown Mason City has three one-bedroom apartments and two two-bedroom apartments. Built in 1986, it features vinyl siding, forced-air heating, wall-unit cooling, and a public water source. Range, refrigerator, washer, and dryer appliances are included. Residents have access to off-street parking and patio or balcony space.

The property is at 3 N Connecticut Avenue, near the historic Egloff home. Downtown dining, shopping, and entertainment are nearby.

Key Highlights

  • Five apartments: three one‑bedroom units and two two‑bedroom units
  • Built in 1986 with vinyl siding
  • Off‑street parking and patio or balcony space

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy (Bike/Boat/Book/etc) Store Bakery Skin Care Clinic Carpet & Flooring 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

5
Residential units

Location Intelligence

Trade Area within ½ mile

965
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?
Apartment building - Downtown Mason City residences include outdoor patio or balcony space and off-street parking.
Where is this apartment building located?
The property is located at 3 N Connecticut Avenue Mason City, IA.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Five apartments: three one‑bedroom units and two two‑bedroom units; Built in 1986 with vinyl siding; Off‑street parking and patio or balcony space
More about this property
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