321 3rd Street NW, Mason City, IA 50401
PARKERS ADD · Cerro Gordo County
Key Facts
Description
CASH FLOW WITH CHARACTER! This 4 plex brings together timeless details, functional living spaces, & the kind of income potential investors are always searching for. Each one-bedroom unit offers a comfortable layout with hardwood floor accents that add a touch of personality. Upper-level tenants enjoy private decks perfect for winding down at the end of the day, while the main-level units feature patios that extend the living space outdoors. A detached 3-stall garage provides added value with extra parking, storage, or rental opportunities. The property offers flexibility for seasoned investors looking to expand their portfolio or for someone ready to step into multi-family ownership with a strong foundation already in place. Opportunities like this don’t come around often with four income-producing units under one roof and room to build long-term equity. Add this one to your portfolio before someone else does! Smart investment, solid potential ahead today! *48-hour notice for showings*
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1916
Stories
2
Living Area
3,910 sq ft
Lot Size
0.13 acres
Lot Dimensions
42 X 132
Garage Spaces
3
Zoning
Residential-Multi-Family
Days on Market
2
MLS® Listing#
6338410
Property Features
Heating
Construction
Roof
Sewer
Water Source
Financial Details
Annual Taxes
$1,128
Tax year 2025
Parcel Number
070920900200
Directions
3rd St NW & N Madison Ave
Affordability Calculator
$29,000
Estimated monthly payment
$772/mo
Principal $116,000 · Est. interest $161,830 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mason City, IA
- $280,602
- Median Listing Price
- 65
- Median Days on Market
- 1,684
- Median Sq Ft
- $152
- Median Price / Sq Ft
- 773
- Active Listings
- This home’s price is 48% below the area median.
- Its price per sq ft is 76% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mason City, IA.
Location
Points of Interest in Mason City, IA
Showing the Mason City area map.
Nearby Schools
Hoover Elementary School
Elementary · 0.7 mi away
North Iowa Christian School
Elementary · 1.1 mi away
Mason City Community School District
School · 1.3 mi away
Harding Elementary School
Elementary · 1.3 mi away
Roosevelt Elementary School
Elementary · 1.3 mi away
Lincoln Intermediate
Secondary · 1.4 mi away
Mason City Seventh-Day Adventist Church
School · 1.4 mi away
North Iowa Christian School
School · 1.4 mi away
Jefferson Elementary
Elementary · 1.7 mi away
Alternative School
Secondary · 1.9 mi away
Madison Elementary School
Elementary · 1.9 mi away
John Adams Middle School
Secondary · 1.9 mi away
Mason City High School
Secondary · 2.0 mi away
Newman Catholic School
School · 2.1 mi away
Clear Lake High School
Secondary · 8.1 mi away
Clear Lake Middle School
Elementary · 8.2 mi away
Clear Lake Community School District
School · 8.2 mi away
Clear Creek Elementary School
Elementary · 8.5 mi away
Lake Town Charlie Brown
School · 8.8 mi away
Central Springs High School
Secondary · 9.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 814 Benton Drive 34, Iowa City, IA | $103,000 | 2 | 1 | 767 |
| 1220 Wicks Way, Story City, IA | $103,000 | — | — | — |
| 1220 Wicks Way, Story City, IA | $103,000 | — | — | — |
| 231 25th SW, MASON CITY, IA | $104,000 | 2 | — | 850 |
| 231 25th Street SW, Mason City, IA | $104,000 | 2 | 1 | 975 |
| 501 Freeman, Charles City, IA | $104,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Mason City
Listing Courtesy: Jane Fischer & Associates LLC - 6414244663
Presented by: Jenna Sheriff