The superparamagnetic property of nanomaterials such as Fe3O4 has been considered to be promising for various applications. In this paper, Fe3O4/PPY/CNT nanocomposites were synthesized with utilizing natural iron sand by a coprecipitation method. The as-precipitated Fe3O4 NPs were combined with carbon nanotubes (CNTs) using conductive polypyrrole (PPY) as linking agents. The Fe3O4/PPY/CNT nanocomposites were systematically characterized by FE-SEM, EDS, XRD, BET, and FTIR. Furthermore, the effects of CNTs on magnetic and thermal properties of nanocomposites were investigated by VSM and thermal gravimetric analysis (TGA), respectively. The composites exhibited significant decrease of coercivity value with the content of CNTs increasing. The VSM result confirmed that Fe3O4/PPY/CNT nanocomposites were superparamagnetic. It was found that by increasing the amounts of CNTs, the magnetization of Fe3O4/PPY/CNT nanocomposites gradually decreased. The addition of CNTs is intended to improve the mesoporous property as proved by BET analysis which has the potential application as a nanocatalyst.