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321 3rd Street NWMason City, IA 50401

Multi-Family · 3,910 Sq. ft. | 0.13 Acres
$145,000 Active

321 3rd Street NW Overview

Time on Site:
43 days
Visits:
8

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*

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321 3rd Street NW Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,910
  • Price/Sq.ft. $37
  • Lot 0.13 Acres

Details

General

Income/Expenses

  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 33540
  • Maintenance Expense: 0
  • Operating Expense: 10455
  • Trash Expense: 0
  • Water Sewer Expense: 0

Listing Information

  • Contingency: None

Building Information

  • Year Built: 1916

Location/Region

  • County Or Parish: Cerro Gordo
  • Postal City: Mason City
  • Subdivision Name: PARKERS ADD

Tax Information

  • Tax Annual Amount: 1128
  • Tax Year: 2025

General Information

  • Parcel Number: 070920900200
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Zoning: Residential-Multi-Family

Interior

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Accessibility Features: None
  • Basement: Full
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Forced Air
  • Living Area: 3910
  • Living Area Units: Square Feet
  • Stories: 2

Exterior

Lot Information

  • Lot Size Acres: 0.13
  • Lot Size Dimensions: 42 X 132
  • Lot Size Square Feet: 5662.8
  • Lot Size Units: Acres
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Block,Wood Siding
  • Roof: Shingle

General Information

  • Number Of Units Total: 4
  • Sewer: City Sewer/Connected

Room Information

Room: Extra Room 6

  • Dimensions: 12 x 10

321 3rd Street NW Neighborhood

Community

50401 (Mason City) Demographics

42
Median Age
192
Population Density (per sq. mile)
37%
College Educated
$54,154
Estimated Median Income
8,760
Estimated Total Home Owners
4,504
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

321 3rd Street NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

321 3rd Street NW Market Data

Based on the last 30 days in this zip code

$244,141
Average List Price
$118
Average Price per Square Foot
22
Properties Sold
66
Average Days on Market
205
Properties for Sale
Calculations provided by Reliance Network

321 3rd Street NW History

Date Event Value Agent
5/17/2026Source: NoCoast MLS Added to Database
May 17, 2026
Listing provided courtesy of Jane Fischer & Associates LLCNoCoast MLS- MLS# 6338410MLS Provider