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1550 Dows Street

Ely, IA 52227
  • $260,000
  • STATUS: Active
  • ON SITE: 35 Days
  • MLS #: 2606246
Price Reduced
UPDATED: 23 min ago
$260,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,474
    SQFT
  • $105
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1904
County:

School Information

Elementary School:
Middle School:
High School:

Description

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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© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2026-10-11T22:42:32.337.
www.cedarrapidsareahomes.com/homes/180918705
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1550 Dows Street Ely, IA 52227

  • Price: $260,000
  • Status: Active
  • On Site: 35 Days
  • Updated: 23 min ago
  • MLS #: 2606246
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,474
SQFT
$105
$/SQFT
1904
Built
Neighborhood:
OT-E (East Of I-380)
County:
Linn
Area:
OT-E (East Of I-380)
Elementary School:
College Comm
Middle School:
College Comm
High School:
College Comm
Property Description
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!
Exterior Features

Construction Materials Frame Vinyl Siding Foundation Details Block Garage YN Yes

Interior Features

Heating Electric Heating YN Yes

Property Features

Gross Income 28560 Listing Terms Cash Conventional Owner Pays Gas Water Pets Allowed Yes Possession Negotiable Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 2898 Tenant Pays Electricity Water Source Public Zoning RS Zoning Description RS

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Paul Park of LEPIC-KROEGER, REALTORS: 319-351-8811.
© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Graf Real Estate ERA Powered. Data last updated: 2026-10-11T22:42:32.337.
 
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