1550 Dows Street, Ely, IA 52227

Ely
Local realty services provided by:Graf Real Estate ERA Powered
1550 Dows Street,Ely, IA 52227
$260,000
Virtual Tour
  • - Beds
  • - Baths
  • 2,474 sq. ft.
  • Multi-family
  • Pending
Listed by: paul park
Office: lepic-kroeger, realtors
MLS#:2606246
Source:IA_CRAAR

Price summary

  • Price:$260,000
  • Price per sq. ft.:$105.09

About this home

This Fantastic 4-plex is located in the heart of Ely's Old Town District! Spacious 1 bed 1 bath units and 4 long term tenants with leases in place until April of 2027. New stairs and balcony! The charming and growing community of Ely is situated between two strong employment centers in Cedar Rapids and Iowa City resulting in a ton of future potential. Detached 3 car garage stalls are rented on an individual basis and property includes an extra yard space, or potential for expansion. A short drive to Cedar Rapids Airport & Airport National Golf Course, and a short walk to bars and restaurants. This well maintained investment property won't last long. Call for a showing today!

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Home facts

  • Year built:1904
  • Listing ID #:2606246
  • Added:40 day(s) ago
  • Updated:October 15, 2026 at 10:46 PM

Rooms and interior

  • Living area:2,474 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Year built:1904
  • Building area:2,474 sq. ft.
  • Lot area:0.14 Acres
  • Construction Materials:Frame
  • Foundation Description:Block

Schools

  • High school:College Comm
  • Middle school:College Comm
  • Elementary school:College Comm

Utilities

  • Water:Public

Finances and disclosures

  • Price:$260,000
  • Price per sq. ft.:$105.09
  • Tax amount:$2,898

Parking

  • Garage:Yes

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