Recyclable magnetic photocatalysts of iron oxide (IO)/CdS core/shell nanocrystals (CSNCs) were prepared by a facile sequential one-pot method using 3, 3'-thiobispropanoic acid (TDP) as a bridge. The CSNCs showed redshift in absorption edge, decrease in the optical band gap, reduced exciton decay rates and increment in particle size. Quenching studies have been employed to understand the position of the electron/hole wave-functions at the IO/CdS interface. Antimicrobial tests have also been performed using broth tube dilution and disc diffusion methods against S. aureus. Additionally, photocatalytic properties of IO/CdS CSNCs have been evaluated for the decomposition of xylenol blue. In comparison with CdS quantum dots (QDs) and iron oxide nanoparticles (IONPs), the IO/CdS CSNCs showed improved photocatalytic and bactericidal activities. Finally, levels of oxidative damage to proteins and lipids were evaluated.