# 1550 Dows St., Ely, IA 52227-9808 > **TL;DR:** 0bd/1ba residential multi family, $265,000, built 1904. Est. $1,417/mo. Listed 10 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $265,000 | | Bathrooms | 4 full | | Year Built | 1904 | | Stories | 2 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 10 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,340 | | Estimated Insurance | $77 | | **Total** | **$1,417** | ## Nearby Schools - **Elementary:** CollegeComm - **Middle:** CollegeComm ## Property Highlights - Built in 1904 - 2 stories - 3 parking spaces ## Description ### Agent 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! ## Location - **Address:** 1550 Dows St., Ely, IA 52227-9808 - **County:** Linn - **Neighborhood:** unk - **Coordinates:** 41.872652, -91.586528 - **Google Maps:** https://www.google.com/maps?q=41.872652,-91.586528 ## Listing Agent - **Name:** Paul Park - **Brokerage:** Lepic-Kroeger, REALTORS - **Phone:** 3193339424 - **Broker Phone:** (319) 351-8811 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1550-Dows-St_Ely_IA_52227_M92638-65637?f=listhub&s=ICAARIA&m=202605378&c=propsimple) ## Photos ![1550 Dows St. - Photo 1](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f3107521692r.jpg) ![1550 Dows St. - Photo 2](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f2158925876r.jpg) ![1550 Dows St. - Photo 3](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f2219060925r.jpg) ![1550 Dows St. - Photo 4](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f1840569344r.jpg) ![1550 Dows St. - Photo 5](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f1257861964r.jpg) ![1550 Dows St. - Photo 6](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f1810884069r.jpg) ![1550 Dows St. - Photo 7](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f3235224268r.jpg) ![1550 Dows St. - Photo 8](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f1679182866r.jpg) ![1550 Dows St. - Photo 9](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f1275456213r.jpg) ![1550 Dows St. - Photo 10](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f93616483r.jpg) ![1550 Dows St. - Photo 11](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f168590856r.jpg) ![1550 Dows St. - Photo 12](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f2279872167r.jpg) ![1550 Dows St. - Photo 13](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f2830692892r.jpg) ![1550 Dows St. - Photo 14](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f744525634r.jpg) ![1550 Dows St. - Photo 15](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f4154293155r.jpg) ![1550 Dows St. - Photo 16](http://lh.rdcpix.com/818cb7782c5add283e75055420148c63l-f2581379160r.jpg) --- **MLS#:** 202605378 | **Updated:** 2026-09-14 **Source:** listhub *Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1550-dows-st-ely-ia-52227-9808-02605378) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1550-dows-st-ely-ia-52227-9808-02605378#listing", "url": "https://www.propertysimple.ai/listing/1550-dows-st-ely-ia-52227-9808-02605378", "name": "1550 Dows St., Ely, IA 52227-9808", "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. 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