Three-Unit Triplex with Two-Bedroom
For Sale
$169,000
512 N Pennsylvania, Mason City, IA 50401
MULTI_FAMILY - MASON CITY, IA
Property SizeContact for details
Days on Market174
Property Features for 512 N Pennsylvania
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Z2 - Sub-Urban District
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 Year
2024
Tax Description
N 36' L 20 & N 50' L'S 21 & 22 BLK 37 RAILROAD ADD
Tax Annual Amount
1266
Legal Description
N 36' L 20 & N 50' L'S 21 & 22 BLK 37 RAILROAD ADD
Utilities
Heating system
Natural Gas, Forced Air, Electric (Heating)
Building Details
Year built
1924
Number of units
3
Building materials
Concrete Block
Roof type
Asphalt
Listing Agency:
REALTY ONE GROUP WELCOME HOME
(641) 357-4663
Listed By:
KRYSTLE HESSE · License #B56732
(641) 430-7654
Added: Feb 11
Changed: Jul 31
Last Checked: Aug 4 at 11:06AM
MLS# 260072
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 three-unit triplex offers three residential units, each with two bedrooms and one full bathroom. The upper unit has been freshly updated, while all three units are currently in leases. The property includes a very spacious basement that can support additional storage and future improvements. The building is constructed of concrete block, with an asphalt roof.
The triplex is located at 512 N Pennsylvania in Mason City, Iowa, within the Z2 - Sub-Urban District. Heating is provided via natural gas forced air with electric heating.
Built in 1924, this property is set up for straightforward multi-unit living and leasing, with a consistent unit layout across all three apartments.
The triplex is located at 512 N Pennsylvania in Mason City, Iowa, within the Z2 - Sub-Urban District. Heating is provided via natural gas forced air with electric heating.
Built in 1924, this property is set up for straightforward multi-unit living and leasing, with a consistent unit layout across all three apartments.
Key Highlights
- Three‑unit triplex with three two‑bedroom, one full‑bath units
- Upper unit freshly updated
- All units are in leases currently
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
945
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in Mason City with each unit offering two bedrooms and one full bathroom under current leases.
Where is this triplex located?
The property is located at 512 N Pennsylvania Mason City, IA.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Three‑unit triplex with three two‑bedroom, one full‑bath units; Upper unit freshly updated; All units are in leases currently
