5-Unit Brick Apartment
New
For Sale
$285,000
407 5th Street NW, Mason City, IA 50401
Commercial Sale, Mason City, IA
Property SizeContact for details
Lot Size0.20 Acres
Days on Market3
Property Features for 407 5th Street NW
General Information
Property type
Commercial Sale
Property subtype
Apartment
Parking features
Garage - Detached
Basement
Full
Appliances
Range, Refrigerator
Directions
Call Roger Flieth 641-420-5635
Standard status
Active
APN
070446300800
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L 1 Blk 2 W D Allens Add
Tax Annual Amount
4060
Legal Description
L 1 Blk 2 W D Allens Add
Utilities
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s)
Water source
Public
Amenities
on-site laundry
secure building
air conditioning
storage rooms
Building Details
Year built
1976
Number of units
5
Building materials
Brick
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Roger Flieth · License #107
(641) 420-5635
Added: Oct 7
Last Checked: Oct 9 at 9:06PM
MLS# 6343460
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 brick apartment property contains five units across a two-story building, with two apartments on the main level, two upstairs, and one on the lower level. Each apartment has a lower-level storage room. Shared amenities include coin-operated laundry and keyed building access. Hot-water boiler heat and built-in wall air-conditioning units serve the apartments. The property was built in 1976 and is currently fully occupied.
A detached four-stall garage provides on-site vehicle storage. The parcel measures 0.2 acres.
A detached four-stall garage provides on-site vehicle storage. The parcel measures 0.2 acres.
Key Highlights
- Five apartments: two on the main level, two upstairs, and one on the lower level
- 0.2‑acre parcel
- Detached four‑stall garage
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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 - Apartments span two floors and a lower level, with keyed entry and shared laundry facilities.
Where is this apartment building located?
The property is located at 407 5th Street 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 level, two upstairs, and one on the lower level; 0.2‑acre parcel; Detached four‑stall garage
