$225,000
SOLD MAR 7, 2025

1550 Dows St Ely, IA 52227

-- Bed
-- Bath
2,474 Sq Ft
6,011 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

4 Days on Market

Highlights

  • Deck
  • No HOA
  • Patio
  • Prairie Ridge Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window
  • Garage

About This Home

As of March 2025

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!

Last Agent to Sell the Property

Samm Arends

Realty87 Listed on: 01/15/2025

Realty87

Last Buyer's Agent

Sarah Auman

Realty87

Realty87

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,888

Year Built

  • Built in 1904

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 40x150

Parking

  • Garage

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,474 Sq Ft Home
  • Partial Basement

Outdoor Features

  • Deck
  • Patio

Schools

  • College Comm Elementary And Middle School
  • College Comm High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, water
  • Assessor Parcel Number 18311-35003-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,888

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential
  • Zoning: res 3+ u
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.138
  • Co List Office Phone: 319-378-8760
  • MLS Status: Closed
  • Directions: South on State Street, West on Dows Street
  • Year Built: 1904
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: College Comm
  • High School: College Comm
  • Middle Or Junior School: College Comm

Lot Info

  • Lot Dimensions: 40x150
  • ResoLotSizeUnits: Acres
  • Parcel Number: 18311-35003-00000
  • Zoning Description: res 3+ u
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Water

Multi Family

  • Number Of Units Total: 4
  • Tenant Pays: Electricity

Tax Info

  • Tax Annual Amount: 3888.0
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Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2025 03/07/25 Sold $225,000 0.0% $91 / Sq Ft
01/19/2025 01/19/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $225,000 -- $91 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,320 $183,200 $27,800 $155,400
2024 $3,320 $234,500 $27,800 $206,700
2023 $3,320 $236,600 $27,800 $208,800
2022 $2,700 $171,800 $21,400 $150,400
2021 $2,522 $120,800 $10,700 $110,100
2020 $2,522 $105,400 $10,700 $94,700
2019 $2,624 $96,600 $10,700 $85,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2500273

Cedar Rapids Area Association of REALTORS®
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