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    Mason City, IA
    Multifamily

    Mason City, IA Multifamily Properties for Sale

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    12 properties
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    Four-Unit Quadplex
    Updated: Oct 4
    Four-Unit Quadplex

    309 E State Street, Mason City, IA 50401

    $135,000
    3,429 sqft 0.12 AC lot
    Four residential units
    3,429 square feet on a 0.12‑acre lot
    Built in 1895
    Exterior includes stone, shakes, and vinyl siding
    Forced‑air heating and public water
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    Four-Unit Property with Garage
    Updated: May 17
    Four-Unit Property with Garage

    321 3rd Street NW, Mason City, IA 50401

    $135,000
    3,910 sqft 0.13 AC lot
    Four one‑bedroom units in a 3,910‑square‑foot quadplex
    Upper‑level units include private decks
    Main‑level units feature patios
    Detached three‑stall garage
    0.13‑acre lot in Mason City, IA
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    5-Unit Brick Apartment Building
    5-Unit Brick Apartment Building

    407 5th Street NW, Mason City, IA 50401

    $285,000
    0.20 AC lot

    Apartments span two floors and a lower level, with keyed entry and shared laundry facilities.

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    See hot listings in Mason City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Brick Fourplex with Hardwood Floors
    Brick Fourplex with Hardwood Floors

    321 East State St, Mason City, IA 50401

    $249,000
    2,800 sqft

    Four one-bedroom apartments feature hardwood floors and original bathroom tile details.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    407 5th NW, Mason City, IA 50401

    $285,000
    0.20 AC lot

    Residents have access to controlled entry, on-site laundry, and individual storage rooms.

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    6-Unit Apartment Building
    6-Unit Apartment Building

    210 N Jefferson Ave, Mason City, IA 50401

    $325,000
    0.25 AC lot

    Six two-bedroom residences are complemented by a detached garage and on-site laundry facilities.

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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    6-Unit Apartment Building
    6-Unit Apartment Building

    1108 N Carolina, Mason City, IA 50401

    $199,900

    Five units are rented, and updates are underway in the sixth.

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    4-Unit Quadplex
    4-Unit Quadplex

    309 E State Street, Mason City, IA 50401

    $135,000
    3,429 sqft

    The property sits near downtown Mason City, the MacNider Art Museum, and the public library.

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    3-Unit Triplex with Garages
    3-Unit Triplex with Garages

    214 1st NW, Mason City, IA 50401

    $158,500

    Residential property offering off-street parking, multiple garage spaces, and a mix of ready and unfinished unit improvements.

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    5-Unit Apartment Building
    5-Unit Apartment Building

    3 N Connecticut Avenue, Mason City, IA 50401

    $265,000

    Downtown Mason City residences include outdoor patio or balcony space and off-street parking.

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    Updated Upper-Unit Triplex
    Updated Upper-Unit Triplex

    512 N Pennsylvania, Mason City, IA 50401

    $156,000

    Three leased apartments provide two bedrooms and one full bathroom per unit, with an updated upper residence and basement storage.

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    48-Unit Apartment Building
    48-Unit Apartment Building

    1115 4th Street Southeast, Mason City, IA 50401

    Contact for pricing

    Two-bedroom residences offer varied bathroom layouts and access to a shared courtyard.

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    12 active listings match your search: Multifamily for sale in Mason City, IA. Based on your search, we've also compiled 10 Potential Opportunities for your consideration: 4 properties in nearby cities and 6 off-market properties to explore as potential leads.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    308 S 12th Street, Clear Lake, IA 50428

    $275,000
    1,243 sqft 0.16 AC lot

    Two separate residences support owner occupancy in one unit while the other is used for rental income.

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    Updated Two-Unit Duplex
    Updated Two-Unit Duplex

    308 S 12th Street, Clear Lake, IA 50428

    $275,000
    1,243 sqft

    Two refreshed residences offer separate layouts, updated flooring, new paint, and individual central A/C systems.

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    One-Story Brick Fourplex
    One-Story Brick Fourplex

    605 1st Street, Rudd, IA 50471

    $220,000
    2,688 sqft

    Brick one-story fourplex on a corner lot with off-street paved parking and steel roof, fully occupied.

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    Brick Fourplex with Off-Street Parking
    Brick Fourplex with Off-Street Parking

    605 1st Street, Rudd, IA 50471

    $220,000
    0.30 AC lot

    Fully occupied four-unit property with brick construction, metal roofing, and paved off-street parking on a corner lot.

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    Off-Market Properties in Mason City, IA

    Consider similar Off-Market properties in Mason City, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    17698 Vine Ave
    MOBILE HOME PARK, TRAILER PARK

    17698 Vine Ave, Mason City, IA 50401-8754

    Estimated value: by Request
    2,274 sqft 4.76 AC lot
    View details
    304 3rd NE St
    HIGH-RISE APARTMENTS

    304 3rd NE St, Mason City, IA 50401-3467

    Estimated value:
    $3,560,000
    55,924 sqft 1.00 AC lot
    View details
    1324 Quincy Ave
    MOBILE HOME PARK, TRAILER PARK

    1324 Quincy Ave, Mason City, IA 50401

    Estimated value:
    $230,000
    1.61 AC lot
    View details
    540 State St
    Multifamily properties

    540 State St, Mason City, IA 50401

    Estimated value: by Request
    10,038 sqft 1.01 AC lot
    View details
    320 Connecticut Ave
    HIGH-RISE APARTMENTS

    320 Connecticut Ave, Mason City, IA 50401

    Estimated value:
    $2,390,000
    36,416 sqft 0.50 AC lot
    View details
    4 3rd NW St
    HIGH-RISE APARTMENTS

    4 3rd NW St, Mason City, IA 50401-3251

    Estimated value:
    $7,090,000
    117,435 sqft 0.50 AC lot
    View details

    Mason City, IA Multifamily Properties Market Trends and Statistics

    Explore 18 multifamily properties for sale in Mason City, IA, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 13,568 square feet of properties for sale, with an estimated market value of $2,328,400.

    Sale prices for multifamily properties in Mason City, IA start at $135,000, averaging $211,672, and reaching up to $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 6
    Quadplexes 4
    Triplexes 2

    Demographics Overview

    Population 29K
    Population Growth (5Y) -0.7%
    Median Household Income $63,807
    College Educated 14.7%

    High-Yield Neighborhoods for Investment

    Identify Mason City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    50401 $211.7K

    Taxes & Financing

    Tax Rate (average for all types) 2.38%
    Property Tax per SF $31.10 per SF
    Tax Rate vs County Average 0.21 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cerro Gordo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Mason City fall within the 50,000 to 100,000 square foot range.

    How Realmo verifies these figures

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    Browse Multifamily properties for Sale Near Mason City, IA

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    Most Searched ZIP Codes in Mason City, IA

    • 50401

    Featured Mason City Real Estate Agencies

    Realmo connects you with licensed Mason City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hildebrand Real Estate
    506 4th SW Mason City, IA 50401
    Phone: (641) 512-4816
    www.hildebrandrealestate.com
    Carlson Elwood Inc
    2401 S Federal Avenue Mason City, IA 50401
    Phone: (641) 424-3005
    www.exitrealtymc.com
    CENTURY 21 Preferred
    2800 4th St. SW, Suite 3 Mason City, IA 50401
    Phone: (641) 424-9400
    www.century21preferredteam.com
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