Residential Sale
- Dows St., Ely, Iowa 52227-9808
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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 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!

Basic Details
Property Type:
Residential
Listing Type:
Sale
Listing ID:
202605378
Price:
$260,000
Beds:
0
Total Baths:
1
Baths:
0
Half Bathrooms:
0
Construction Year:
1904
Country:
US
State:
IA
County:
Linn
City:
Ely
Zipcode:
52227-9808
Subdivision:
unk
Property Sub Type:
MultiFamily
Features
Heating:
Electric
Parking:
Detached Garage
Basement:
Unfinished
Exterior:
Other
Construction:
Frame, Vinyl
Interior:
Other, Living Room Dining Room Combo, None
Address Map
Street Number:
1550
Street:
Dows St.
Floor Number:
0
Longitude:
W92° 24' 48.5''
Latitude:
N41° 52' 21.5''
More Information
Office Name:
Lepic-Kroeger, REALTORS
Elementary School:
College Comm
Jr./Middle School:
College Comm
High School:
Prairie
Directions:
Ely Rd. (State St.) to North on Dows St. property on the right
Zoning:
MR R3+
Lot Dimensions:
40 x150
LA1Agent Logon Name:
i2060
LA1Agent First Name:
Paul
LA1Agent Last Name:
Park
LO1Main Office ID:
ILKR
319.351.1111 - 250 Holiday Road, Coralville, IA 52241
Agent Information
Paul Park
Lepic-Kroeger, REALTORS
Additional Details
Unfinished
Other
Frame, Vinyl
Other, Living Room Dining Room Combo, None
09/05/2026
Ely Rd. (State St.) to North on Dows St. property on the right
40 x150
Urban Acres Real Estate