Four-Unit Property with
For Sale
$145,000
321 3rd Street NW, Mason City, IA 50401
Residential Income, Mason City, IA
Property Size3,910 SF
Lot Size0.13 Acres
Price / SF$37.08
Days on Market120
Property Features for 321 3rd Street NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
Residential-Multi-Family
Basement
Full
Subdivision
PARKERS ADD
Directions
3rd St NW & N Madison Ave
Standard status
Active
APN
070920900200
Size
3,910 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W 42' E 82' L'S 2 & 3 BLK 52 H G PARKERS ADD
Tax Annual Amount
1350
Legal Description
W 42' E 82' L'S 2 & 3 BLK 52 H G PARKERS ADD
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1916
Floors in Building
2
Number of units
4
Building materials
Block, Wood Siding
Roof type
Shingle
Listing Agency:
Jane Fischer & Associates LLC
(641) 424-4663
Listed By:
Jenna Sheriff · License #NOC222767
(641) 420-1955
Added: May 17
Changed: Sep 7
Last Checked: Sep 13 at 4:06PM
MLS# 6338410
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.
Built in 1916, this 3,910-square-foot quadplex contains four one-bedroom units within a wood-sided and block-constructed building. Hardwood floor accents add character to the living spaces, while upper-level apartments include private decks and the main-level units offer patios. Forced-air heating supports the building, with a shingle roof and public water service.
A detached three-stall garage provides additional on-site space for parking, storage, or rental use. The property sits on a 0.13-acre lot in Mason City, Iowa, and is zoned Residential-Multi-Family. Showings require 48-hour notice.
A detached three-stall garage provides additional on-site space for parking, storage, or rental use. The property sits on a 0.13-acre lot in Mason City, Iowa, and is zoned Residential-Multi-Family. Showings require 48-hour notice.
Key Highlights
- Four one‑bedroom units in a 3,910‑square‑foot quadplex
- Upper‑level units include private decks
- Main‑level units feature patios
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units with private outdoor areas and a detached three-stall garage.
Where is this quadplex located?
The property is located at 321 3rd Street NW Mason City, IA.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Four one‑bedroom units in a 3,910‑square‑foot quadplex; Upper‑level units include private decks; Main‑level units feature patios
