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Off market
Street View
  • $588,900

    209 N Federal Ave, Mason City, IA 50401

    4beds
    8,800sqft
    MultiFamily
    Built in 1903
    -- sqft lot
    $588,900 Zestimate®
    $67/sqft
    $1,058 Estimated rent

    Home value

    $588,900

    $495,000 - $701,000

    $1,058/mo

    Zestimate® history
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    Owner options

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    $1,058/mo

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    $1,058/mo

    Rent Zestimate®

    Refinance and save

    $3,945/mo

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    $3,945/mo

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    What's special

    Invest in downtown River City with this outstanding income property. First floor has commercial tenant with thriving business. Second floor is fully leased with 4 market-based loft apartments as featured in Dream Homes section of Globe Gazette. In addition to historically low mortgage rates, financing options may apply via: Downtown Revolving Loan Fund, Urban Revitalization Tax Abatement, Micro Enterprise, and Downtown Revitalization Loan (potential forgivable loan up to $30k) Programs. Private parking lot with spaces for 7 vehicles. All utilities are metered out, including water. Tenants have autonomy over their bills. The double storefront property is located on one of the coolest blocks in downtown with views of the unique copper Kirk building and The Manor with its park-like landscaping. Within walking distance of: restaurants, breweries, shops, grocery store, Central Park, and post office. Serious inquiries only; please have pre-qualification letter from lender in place when emailing owner.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Hardwood
    • Basement: Finished
    Interior area
    • Total interior livable area: 8,800 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: Off-street
    Features
    • Exterior features: Brick
    • Has view: Yes
    • View description: City
    Lot
    • Size: 7,260 Square Feet
    Details
    • Parcel number: 071010400600

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • brick
    • Roof: Other
    Condition
    • Year built: 1903

    Community & HOA

    Location
    • Region: Mason City

    Financial & listing details

    • Price per square foot: $67/sqft
    • Tax assessed value: $560,870
    • Annual tax amount: $7,800

    Price history

    Price history is unavailable.

    Public tax history

    YearProperty taxesTax assessment
    2024$7,800 +59.4%$560,870
    2023$4,892 -23.4%$560,870 +44.2%
    2022$6,383 +4.7%$388,940 +10.8%
    2021$6,098 +6.3%$350,930
    2020$5,739 $350,930
    2019$5,739 $350,930
    2018-- $350,930
    2017$3,288 +23.9%--
    2016$2,654 --
    2015$2,654 -23.4%--
    2014$3,464 +4.4%--
    2007$3,318 --
    Find assessor info on the county website

    Neighborhood: 50401

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.