About This Home

This 0-bedroom, 0-bathroom multi-family at 321 3rd Street NW in Mason City, IA is listed for $135,000 ($35 per sqft). Built in 1916, the home offers 3,910 sqft of living space on a 0.13 acres lot.

Key Features

  • Built in 1916
  • 0.13 acre lot
  • 2 stories

Property Details

2 stories
3-car garage
1916
Listing 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*

Monthly Cost Estimate

$722/mo

20% down · 6.5% · 30 years

Principal$98
Interest$585
Insurance$39

Estimates only. Actual payments may vary.

Location

321 3rd Street NW

Mason City, IA 50401

PARKERS ADD

Property Details

Construction

Block Wood Siding

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 321 3rd Street NW is listed at $135,000 ($35/sqft). The estimated monthly payment is $722 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1916, 0.13 acre lot, 2 stories.

This property is listed by Jenna Sheriff.

JS

Jenna Sheriff

Agent at Jane Fischer & Associates LLC

Listed by Jane Fischer & Associates LLC · Broker phone: 641-424-4663 · View on Broker Site

MLS# 6338410· Source: NoCoast MLS· 167 days on PropertySimple

Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

321 3rd Street NW, Mason City, IA 50401

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