The chemical formula of magnetite (Fe3O4) is FeO·Fe2O3, t magnetite being composed of divalent ferrous ion andtrivalent ferric ion. In this study, the influence of the coexistence of ferrous and ferric ion on the formation of iron oxide wasinvestigated. The effect of the co-precipitation parameters (equivalent ratio and reaction temperature) on the formation of ironoxide was investigated using ferric sulfate, ferrous sulfate and ammonia. The equivalent ratio was varied from 0.1 to 3.0 andthe reaction temperature was varied from 25 to 75. The concentration of the three starting solutions was 0.01mole. Jarosite wasformed when equivalent ratios were 0.1-0.25 and jarosite, goethite, magnetite were formed when equivalent ratios were 0.25-0.6. Single-phase magnetite was formed when the equivalent ratio was above 0.65. The crystallite size and median particle sizeof the magnetite decreased when the equivalent ratio was increased from 0.65 to 3.0. However, the crystallite size and medianparticle size of the magnetite increased when the reaction temperature was increased from 25oC to 75oC. When ferric and ferroussulfates were used together, the synthetic conditions to get single phase magnetite became simpler than when ferrous sulfatewas used alone because of the co-existence of Fe2+ and Fe3+ in the solution.