1550 Dows St.Ely, IA 52227

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 Information

Property type

Residential

Sub-type

Multi Family

Style

TwoStories

Year built

1904

Stories

2

Living area

2,474 Sq Ft

Lot dimensions

40 x150

Parking spaces

3

Zoning

MR R3+

Days on market

32

MLS^® Listing#

202605378

Property Features

Interior

Other

Exterior

Other

Appliances

Dishwasher · Refrigerator

Heating

Electric

Flooring

Carpet · Laminate

Fireplace

None

Basement

Unfinished

Laundry

None

Construction

Vinyl Siding · Frame

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Community

Sidewalks · Street Lights

Sewer

Public Sewer

Water source

Public

Schools

Elementary

CollegeComm

Middle

CollegeComm

High

Prairie

Financial Details

HOA

None

Annual taxes

$2,898Tax year 2025

Parcel number

183113500300000

Directions

Ely Rd. (State St.) to North on Dows St. property on the right