NOT LISTED FOR SALE

1550 Dows St Ely, IA 52227

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

Sale Details

Date Sold: March 7, 2025

Last sale price $225,000 $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

6,011 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2018 $2,468 $96,600 $10,700 $85,900
2017 $2,666 $96,600 $10,700 $85,900
2016 $2,666 $96,600 $10,700 $85,900
2015 $2,624 $91,700 $10,700 $81,000
2014 $2,624 $91,700 $10,700 $81,000
2013 $2,682 $91,700 $10,700 $81,000
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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