This is a fantastic investment opportunity located in a prime area of downtown Ely. Fully leased with growth potential and long-term tenants. The units are well-maintained and the property offers three garage stalls which are currently leased. Don't miss this!
Sold for $225,000
$225,000
1550 Dows St, Ely, IA 52227
--beds
--baths
2,474sqft
Multi Family
Built in 1904
-- sqft lot
$234,700 Zestimate®
$91/sqft
$962 Estimated rent
Home value
$234,700
Estimated sales range
Not available
$962/mo
Zestimate® history
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$962/mo
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$962/mo
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$1,611/mo
Est. payment
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$1,611/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Samm Arends 319-329-2674,
Realty87
Bought with:
Sarah Auman
Realty87
Source: CRAAR, CDRMLS,MLS#: 2500273
Originating MLS: Cedar Rapids Area Association Of Realtors
Originating MLS: Cedar Rapids Area Association Of RealtorsFacts & features
Interior
Heating
- Electric
Cooling
- Wall/Window Unit(s)
Features
- Basement: Partial
Interior area
- Total interior livable area: 2,474 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Patio & porch: Deck, Patio
Lot
- Size: 6,011 sqft
- Dimensions: 40 x 150
Details
- Parcel number: 183113500300000
- Zoning: res 3+ u
- Zoning description: res 3+ u
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
Condition
- Year built: 1904
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Separate Meters
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2025 | Sold | $225,000$91/sqft |
Source:  CRAAR, CDRMLS #2500273 Report a problem | ||
| 1/20/2025 | Pending sale | $225,000$91/sqft |
Source: CRAAR, CDRMLS #2500273 Report a problem | ||
| 1/15/2025 | Listed for sale | $225,000$91/sqft |
Source: CRAAR, CDRMLS #2500273 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 52227
Nearby schools
GreatSchools rating
- 4/10Prairie Creek Intermediate SchoolGrades: 5-6Distance: 3.9 mi
- 6/10Prairie Point Middle SchoolGrades: 7-9Distance: 4.1 mi
- 2/10Prairie High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: College Comm
- Middle: College Comm
- High: College Comm
Source: CRAAR, CDRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$234,700
2% more
+$4,694
With Zillow Showcase(estimated)
$239,394
- Iowa
- Linn County
- Ely
- 52227
- 1550 Dows St
Nearby cities
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