321 3rd NW, MASON CITY, IA 50401
Cerro Gordo County
Key Facts
Description
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*
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Year Built
1916
Garage Spaces
3
Zoning
RG/GENERAL RES
Days on Market
1
MLS® Listing#
260348
Property Features
- Appliances:
- Gas Range, Refrigerator
- Heating:
- Forced Air, Natural Gas
- Parking:
- Detached
- Construction:
- Frame, Wood Siding
- Roof:
- Asphalt
- Security:
- Smoke Detector(s)
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- District:
- Mason City
HOA & Tax
- Annual Tax:
- $1,128 (2025)
- Parcel #:
- 070920900200
Affordability Calculator
$29,000
Estimated monthly payment
$772/mo
Principal $116,000 · Est. interest $161,830 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in MASON CITY, IA
- $281,667
- Median Listing Price
- 63
- Median Days on Market
- 1,687
- Median Sq Ft
- $153
- Median Price / Sq Ft
- 767
- Active Listings
- This home’s price is 49% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in MASON CITY, IA.
Location
- 321 3rd NW, MASON CITY, IA 50401
Nearby Schools
Hoover Elementary School
Elementary · 0.7 mi away
North Iowa Christian School
Elementary · 1.1 mi away
Mason City Community School District
School · 1.3 mi away
Harding Elementary School
Elementary · 1.3 mi away
Roosevelt Elementary School
Elementary · 1.3 mi away
Lincoln Intermediate
Secondary · 1.4 mi away
Mason City Seventh-Day Adventist Church
School · 1.4 mi away
North Iowa Christian School
School · 1.4 mi away
Jefferson Elementary
Elementary · 1.7 mi away
Alternative School
Secondary · 1.9 mi away
Madison Elementary School
Elementary · 1.9 mi away
John Adams Middle School
Secondary · 1.9 mi away
Mason City High School
Secondary · 2.0 mi away
Newman Catholic School
School · 2.1 mi away
Clear Lake High School
Secondary · 8.1 mi away
Clear Lake Middle School
Elementary · 8.2 mi away
Clear Lake Community School District
School · 8.2 mi away
Clear Creek Elementary School
Elementary · 8.5 mi away
Lake Town Charlie Brown
School · 8.8 mi away
Central Springs High School
Secondary · 9.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Moving Cost Estimate
EXIT Agents in MASON CITY
Listing Courtesy: JANE FISCHER & ASSOCIATES LLC
Presented by: JENNA SHERIFF