5-Unit Apartment
New
For Sale
$285,000
407 5th NW, Mason City, IA 50401
MULTI-FAMILY, MASON CITY, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market3
Property Features for 407 5th NW
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Z3 - General Urban Distri
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 9, Bedroom 2, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 3, Bedroom 6, Bedroom 10, Bedroom 7, Bedroom 3, Bathroom 5, Bathroom 2
Elementary school district
Mason City
Middle school district
Mason City
High school district
Mason City
Subdivision
Northwest
Standard status
Active
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L 1 Blk 2 W O Allens Add
Tax Annual Amount
4060
Legal Description
L 1 Blk 2 W O Allens Add
Utilities
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Wall Unit(s)
Amenities
on-site laundry
secure entry
air conditioning
storage
Building Details
Year built
1976
Number of units
5
Building materials
Brick
Roof type
Asphalt
Listing Agency:
CENTURY 21 PREFERRED · Century 21 Real Estate
(641) 424-9400
Listed By:
ROGER FLIETH · License #107
(641) 420-5635
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 9 at 10:06PM
MLS# 260778
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.
Investment Insights
Based on property information with market context.
This two-story brick apartment property was built in 1976 and contains five units: two on the main floor, two upstairs, and one on the lower level. The building is fully occupied and uses hot-water boiler heat, with a wall-mounted air conditioner in each apartment. Key-controlled entry serves the building, and a lower-level laundry area has coin-operated machines. Each apartment also has a dedicated storage room downstairs.
The property sits on 0.2 acres and includes a four-stall garage. Natural gas is used for heating.
The property sits on 0.2 acres and includes a four-stall garage. Natural gas is used for heating.
Key Highlights
- Five apartments: two on the main floor, two upper‑level units, and one lower‑level unit
- Fully occupied building with key‑controlled entry
- 1976 two‑story brick construction
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,494
Businesses Nearby
Explore this area
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?
Apartment building - Residents have access to controlled entry, on-site laundry, and individual storage rooms.
Where is this apartment building located?
The property is located at 407 5th NW Mason City, IA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Five apartments: two on the main floor, two upper‑level units, and one lower‑level unit; Fully occupied building with key‑controlled entry; 1976 two‑story brick construction
