1550 Dows Street Ely, IA 52227 • Multi Unit - Multiple • Active $265,000

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New - 34 Hours Ago

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!

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Sqft: 2,474

County: Linn

High School: College Comm

Listed By:

LEPIC-KROEGER, REALTORS Paul Park 319-351-8811

Cedar Rapids MLS

MLS ID: 2606246

$265,000

Est. $1,809/mo

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2,474sqft

Shown By

Agent Name: Jennifer Peters
Agent Phone: (563) 723-1128
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

New to the Market Active

BEDS0 BATHS SQUARE FEET2,474 MLS#2606246

STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLCollege Comm

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Shown By

Agent Name: Jennifer Peters
Agent Phone: (563) 723-1128
Agency Title: Ruhl&Ruhl Realtors
Agent Email:

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1550 Dows Street , Ely, IA 52227.

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Call or Click to get Pre-Approved! 563-441-1862 toll free 866-441-1862

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Loan Type	30 Year Fixed	FHA 30 Year Fixed	15 Year Fixed
Purchase Price	$265,000	$265,000	$265,000
Down Payment	$53,000	$9,275	$66,250
Monthly Mortgage Amount	$1,340	$1,645	$1,664
Taxes	$369	$369	$369
Insurance	$100	$100	$100
HOA/Dues/Fees	$0	$0	$0
Monthly Mortage Insurance	$0	$117	$0
Monthly Estimated Total	$1,809	$2,231	$2,133

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About this area

Iowa/Ely

Ely

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Find homes for sale in Ely, Iowa and learn about the local community and real estate market.

With a growing population and a great location between two of Iowa’s biggest cities, Ely shows a lot of great promise. No matter your reason for moving, Ruhl&Ruhl Realtors has real estate options and homes for sale in Ely, IA. Continue browsing this page to see all houses for sale in Ely, IA. If you need to do a little more research before buying, check out the pages below for additional options.

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Iowa City Realtors

Cedar Rapids Realtors

Ely, IA Website

Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776

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1550 Dows Street Ely, IA 52227 • Multi Unit - Multiple • Active

$265,000

Est. $1,809/mo

Calculate Mortgage

Save Map Get In Touch

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 09/06/2026. The listing information on this page last changed on 09/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 09/06/2026 1:49:07 AM EST) or MRED MLS (last updated Sun 09/06/2026 1:43:15 AM EST) or SCWMLS (last updated Sat 09/05/2026 11:55:27 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 09/05/2026 10:15:27 PM EST) or Cedar Rapids MLS (last updated Sat 09/05/2026 10:44:38 PM EST) or NEIRBR MLS (last updated Sun 09/06/2026 1:18:42 AM EST) or ICAAR MLS (last updated Sat 09/05/2026 8:32:38 AM EST) or ECIMLS (last updated Sat 09/05/2026 11:44:33 PM EST) or RMLSA (last updated Sun 09/06/2026 1:10:56 AM EST) or Muscatine MLS (last updated Sun 09/06/2026 1:45:11 AM EST) or No Coast MLS (last updated Sun 09/06/2026 12:44:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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