Contact us: 563.441.1776
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
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1550 Dows Street, Ely, IA 52227.
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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 | $260,000 | $260,000 | $260,000 |
| Down Payment | $52,000 | $9,100 | $65,000 |
| Monthly Mortgage Amount | $1,366 | $1,677 | $1,685 |
| Taxes | $362 | $362 | $362 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $114 | $0 |
| Monthly Estimated Total | $1,828 | $2,253 | $2,147 |
About this area
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.
Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776
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 10/24/2026. The listing information on this page last changed on 10/24/2026. 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 Sat 10/24/2026 1:00:28 AM EST) or MRED MLS (last updated Sat 10/24/2026 12:58:02 AM EST) or SCWMLS (last updated Fri 10/23/2026 11:55:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 10/23/2026 10:21:36 PM EST) or Cedar Rapids MLS (last updated Fri 10/23/2026 10:44:47 PM EST) or NEIRBR MLS (last updated Sat 10/24/2026 12:58:44 AM EST) or ICAAR MLS (last updated Fri 10/23/2026 11:37:41 PM EST) or ECIMLS (last updated Fri 10/23/2026 11:44:37 PM EST) or RMLSA (last updated Sat 10/24/2026 12:50:59 AM EST) or Muscatine MLS (last updated Sat 10/24/2026 12:45:14 AM EST) or No Coast MLS (last updated Sat 10/24/2026 12:44:24 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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