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For sale
  • $145,000

    321 3rd St NW, Mason City, IA 50401

    4beds
    4baths
    2,588sqft
    : 
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    Multi Family
    Built in 1916
    -- sqft lot
    $137,900 Zestimate®
    $56/sqft
    $-- HOA

    What's special

    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*
    62 days
    |
    293
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    JENNA SHERIFF 641-420-1955,

    Jane Fischer & Associates Llc

    Source: Greater Mason BOR,MLS#: 260348MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Heating Features: Forced Air, Gas, Unit 1 Heating: FAG, Unit 2 Heating: FAG, Unit 3 Heating: FAG, Unit 4 Heating: FAG
      Cooling
      • None
      Appliances
      • Included: Gas Range, Refrigerator
      Features
      • Windows: Double Hung
      Interior area
      • Total structure area: 2,588
      • Total interior livable area: 2,588 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Detached
      • Garage spaces: 3
      • Details: Garage or on street
      Features
      • Patio & porch: Patio / Deck
      Lot
      • Size: 5,544 Square Feet
      • Dimensions: 42 x 132
      Details
      • Parcel number: 070920900200
      • Zoning description: RG/GENERAL RES

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame, Wood Siding
      • Foundation: Block
      • Roof: Asphalt
      Condition
      • Year built: 1916

      Utilities & green energy

      • Electric: Separate Electric
      • Sewer: City
      • Water: Public

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: IA
      Location
      • Region: Mason City

      Financial & listing details

      • Price per square foot: $56/sqft
      • Tax assessed value: $139,710
      • Annual tax amount: $1,128
      • Date on market: 5/18/2026
      • Total actual rent: 33540
      • Tenant pays: None

        Estimated market value

        $137,900

        $131,000 - $145,000

        $1,189/mo

        Price history

        DateEventPrice
        5/18/2026Listed for sale$145,000+184.3%$56/sqft
        Source: Greater Mason BOR #260348 Report a problem
        11/1/2011Sold$51,000$20/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,096 -8.1%$70,460
        2023$1,192 -14.2%$70,460 +17%
        2022$1,389 -16.3%$60,210 +5.1%
        2021$1,659 +0.7%$57,290 -10.4%
        2020$1,649 $63,970
        2019$1,649 $63,970 +1%
        2018-- $63,350
        2017$1,776 +6.2%--
        2016$1,672 --
        2015$1,672 -3.2%--
        2014$1,728 -3.9%--
        2013$1,798 -4%--
        2012$1,872 +9.7%--
        2011$1,706 +0.5%--
        2010$1,698 +6.4%--
        2009$1,596 -0.3%--
        2008$1,600 +5%--
        2007$1,524 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50401

        Getting around

        73 / 100
        Very Walkable
        29 / 100
        Some Transit
        86 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Mason City

        Source: Greater Mason BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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