Great investment opportunity! Come see this charming fixer-upper with duplex potential! Discover this 3 bedroom, 2 bath single family home or multi-family property! Rent the upstairs and live on the main floor! This property is full of character and untapped potential. Situated on a generous lot with space to build a decent sized garage! This property is perfect for investors, DIY enthusiasts or anyone looking to create a multi-family income! The property is sold "as is" but has a lot of potential! The property has separate furnaces for each floor! Call a Realtor today to view!
Sold for $40,500
$40,500
516 5th St SE, Mason City, IA 50401
3beds
2baths
1,391sqft
Single Family Residence
Built in 1896
6,450 Square Feet Lot
$-- Zestimate®
$29/sqft
$1,652 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,652/mo
Zestimate® history
Owner options
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$1,652/mo
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$1,652/mo
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$222/mo
Est. payment
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$222/mo
Est. payment
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List your homeWhat's special
Generous lot
Zillow last checked:
Listing updated:
Listed by:
TROY HANSON 641-425-0972,
Exit Realty Mason City
Bought with:
Real Estate Property Solutions Llc
Source: Greater Mason BOR,MLS#: 250529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Bedroom 1
- Level: Main
- Area: 99.75
- Dimensions: 10.5 x 9.5
Bedroom 2
- Level: Main
- Area: 120
- Dimensions: 12 x 10
Bedroom 3
- Level: Upper
- Area: 132
- Dimensions: 12 x 11
Bathroom 1
- Features: Shower, Tub
Dining room
- Features: Eat-in Kitchen
Family room
- Description: Potential upstairs apt.
- Level: Upper
- Area: 150
- Dimensions: 12.5 x 12
Kitchen
- Description: 2nd kitchen up 12 x 8
- Level: Main
- Area: 144
- Dimensions: 12 x 12
Living room
- Level: Main
- Area: 150
- Dimensions: 12.5 x 12
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Gas Range, Refrigerator
Features
- Ceiling Fan(s)
- Flooring: Vinyl, Carpet, Laminate
- Basement: Crawl Space,Partial
- Has fireplace: No
Interior area
- Total structure area: 2,093
- Total interior livable area: 1,391 sqft
Property
Parking
- Parking features: None, Concrete, No Garage
Features
- Levels: One and One Half
- Exterior features: Sidewalks
Lot
- Size: 6,450 Square Feet
- Dimensions: 50 x 129
- Features: Alley
Details
- Parcel number: 071032801500
- Zoning description: RG/GENERAL RES
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Frame, Insulation
- Foundation: Crawl, Stone
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1896
Utilities & green energy
- Sewer: CITY
- Water: Public
Community & HOA
Community
- Subdivision: IA
Location
- Region: Mason City
Financial & listing details
- Price per square foot: $29/sqft
- Tax assessed value: $59,900
- Annual tax amount: $691
- Price range: $40.5K - $40.5K
- Date on market: 7/26/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Listing removed | $40,500$29/sqft |
Source:  Exit Realty #250529 Report a problem | ||
| 8/25/2025 | Listed for sale | $40,500$29/sqft |
Source: Exit Realty #250529 Report a problem | ||
| 8/20/2025 | Sold | $40,500-18.8%$29/sqft |
Source:  Greater Mason BOR #250529 Report a problem | ||
| 7/30/2025 | Contingent | $49,900$36/sqft |
Source: Greater Mason BOR #250529 Report a problem | ||
| 7/26/2025 | Listed for sale | $49,900-2.2%$36/sqft |
Source: Greater Mason BOR #250529 Report a problem | ||
| 5/4/2005 | Sold | $51,000$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $528 -18% | $53,050 |
| 2023 | $644 -22.9% | $53,050 +18.3% |
| 2022 | $835 -18.4% | $44,840 +1.9% |
| 2021 | $1,023 +9% | $44,000 -12.8% |
| 2020 | $938 | $50,470 |
| 2019 | $938 | $50,470 -2.2% |
| 2018 | -- | $51,610 |
| 2017 | $726 | -- |
| 2016 | $726 | -- |
| 2015 | $726 +1.4% | -- |
| 2014 | $716 +4.7% | -- |
| 2013 | $684 +2.5% | -- |
| 2012 | $667 +41.3% | -- |
| 2007 | $472 | -- |
Find assessor info on the county website
Neighborhood: 50401
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Nearby schools
GreatSchools rating
- 5/10Lincoln Intermediate SchoolGrades: 5-6Distance: 0.9 mi
- 4/10John Adams Middle SchoolGrades: 7-8Distance: 1.2 mi
- 5/10Mason City High SchoolGrades: 9-12Distance: 1.4 mi
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.
- Iowa
- Cerro Gordo County
- Mason City
- 50401
- 516 5th St SE
Nearby cities
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Other Mason City Topics
