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*
For sale
Price cut: $10K (9/29)
$135,000
321 3rd St NW, Mason City, IA 50401
4beds
4baths
2,588sqft
Multi Family
Built in 1916
-- sqft lot
$-- Zestimate®
$52/sqft
$-- HOA
What's special
- 144 days
- 302
- 18
Zillow last checked:
Listing updated:
Listed by:
JENNA SHERIFF 641-420-1955,
Jane Fischer & Associates Llc
Source: Greater Mason BOR,MLS#: 260348
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: $52/sqft
- Tax assessed value: $139,710
- Annual tax amount: $1,350
- Date on market: 5/18/2026
- Total actual rent: 33540
- Tenant pays: None
Estimated market value
Not available
Estimated sales range
Not available
$976/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2026 | Price change | $135,000-6.9%$52/sqft |
Source: | ||
| 5/18/2026 | Listed for sale | $145,000+184.3%$56/sqft |
Source: | ||
| 11/1/2011 | Sold | $51,000$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,128 +2.9% | $81,350 +15.5% |
| 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.Climate risks
Neighborhood: 50401
Nearby schools
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.




