1550 Dows St
Ely, IA 52227
Studio
2,474 sqft
Studio
2,474 sqft
Local Information
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Description
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!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 08, 2025
Home Highlights
Parking
Garage
Outdoor
Patio, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 1550 Dows St
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Interior Details Basement: Partial |
Dimensions and Layout Living Area: 2474 Square Feet |
Appliances & Utilities Utilities: Separate Meters |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Electric |
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Exterior Home Features Patio / Porch: Deck, Patio |
Parking & Garage Has a GarageParking: Garage |
Frontage Responsible for Road Maintenance: Public Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1904 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family |
Building Construction Materials: Frame, Vinyl Siding |
Property Information Parcel Number: 183113500300000 |
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Price List Price: $225,000 |
Status Change & Dates Off Market Date: Sun Jan 19 2025Possession Timing: Negotiable |
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MLS Status: Closed |
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Direction & Address City: Ely |
School Information Elementary School: College CommJr High / Middle School: College CommHigh School: College Comm |
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Association for this Listing: Cedar Rapids Area Association Of RealtorsNo HOA |
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Lot Area: 6011.28 sqft |
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Listing Terms: Cash, Conventional |
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Expense Tenant Pays: Electricity |
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Owner Pays: Gas, Water |
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BasementMls Number: 2500273Living Area Range Units: Square FeetAbove Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area Units: Square FeetUniversal Property Id: US-19113-N-183113500300000-R-N |
Last check for updates: about 4 hours ago
Listed by Samm Arends, (319) 329-2674
Realty87
Bought with: Sarah Auman, (319) 551-4089, Realty87
Originating MLS: Cedar Rapids Area Association Of Realtors
Source: CRAAR, CDRMLS, MLS#2500273
Price History for 1550 Dows St
| Date | Price | Event | Source |
|---|---|---|---|
| 03/07/2025 | $225,000 | Sold | CRAAR, CDRMLS #2500273 |
| 01/20/2025 | $225,000 | Pending | CRAAR, CDRMLS #2500273 |
| 01/15/2025 | $225,000 | Listed For Sale | CRAAR, CDRMLS #2500273 |
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Comparable Sales for 1550 Dows St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.94 | Multi-Family Home | $644,000 | 03/12/26 | - | 5,712 | ||
5.18 | Multi-Family Home | $2,600,000 | 05/30/25 | - | 36,000 | ||
8.07 | Multi-Family Home | $180,000 | 05/15/26 | - | 2,932 | ||
8.28 | Multi-Family Home | $186,000 | 08/27/25 | - | 2,303 | ||
8.20 | Multi-Family Home | $100,000 | 06/25/25 | - | 2,274 | ||
8.11 | Multi-Family Home | $129,000 | 09/22/25 | - | 1,720 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALE0.36 ACRES
SOLDMAY 7, 2026
FOR SALE0.28 ACRES
SOLDAPR 6, 2026
SOLDAPR 10, 2026Michael Van Dyke, Watts Group Realty
SOLDMAR 30, 2026Michael Van Dyke, Watts Group Realty
SOLDMAY 20, 2026Adam Green, Pinnacle Realty LLC
FOR SALENEW CONSTRUCTION- FOR SALENEW CONSTRUCTION
- FOR SALENEW CONSTRUCTION
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Assigned Schools
These are the assigned schools for 1550 Dows St.
- Prairie Heights Elementary School
- PK-4
- Public
- 402 Students
7/10GreatSchools RatingParent Rating AverageThe Best School To Recommend To People Moving To This District. It was a great school for me to go to!!Other Review3y ago - Prairie High School
- 9-12
- Public
- 1298 Students
2/10GreatSchools RatingParent Rating AverageMy student loves it here. We used to be in the Cedar Rapids school district and moved to the Prairie district intentionally. It is a great school with great teachers.Parent Review3y ago - Prairie Crest Elementary School
- PK-4
- Public
- 416 Students
6/10GreatSchools RatingParent Rating AverageCommunication from the district is great. Lots of opportunities to get involved and teachers are very accessible and caring.Parent Review2y ago - Prairie View Elementary School
- PK-4
- Public
- 418 Students
6/10GreatSchools RatingParent Rating AverageAmazing experience for my children... The staff are personally invested in the success of each student.. Even after graduation. Love the view!Parent Review8y ago - Prairie Ridge Elementary School
- PK-4
- Public
- 440 Students
5/10GreatSchools RatingParent Rating AverageWonderful teachers who care about the children; we feel very lucky to have such a great school!Parent Review16y ago - Prairie Point Middle School
- 7-9
- Public
- 1324 Students
6/10GreatSchools RatingParent Rating AverageRude office ladies. Every time I call it’s like I’m an inconvenience. The attendance lady is a nightmare. The guidance counselor secretary might be worse. My son hates going into there. Whether it be for a new lunch card or if he’s feeling ill. He avoids the place like it’s a plague. You’d think they would hire ppl to work in there who idk don’t mind talking to ppl and don’t treat them like shhit. People who like being around kids all day. But what do I know. The principal is new and im convinced he has no clue what he’s doing. The principal last year was there for awhile and was great while my daughter was there. Teachers have been great. Which that’s most important. Just wish the administration could get there heads out of their rears.Parent Review3mo ago - Prairie Creek Intermediate School
- 5-6
- Public
- 834 Students
4/10GreatSchools RatingParent Rating AverageThis is one of the worst schools i have ever been too. The students are very disrespectful, they cuss at you when they get the chance and act immature for their age. They don’t have any manners, so much so that they don’t just bump into you sometimes, they shove you. There is always some sort of drama, the worst part is i was bullied here, during my first year. I was called fat, and instead of other kids helping, they joined the bullying. I told a teacher and all they did was “talk” to the bullies. Kids never get punished, only for random things, in my entire year there, Only once a kid was suspended, for a day. This kid was literally throwing chairs at the class windows and was trying to stab us with broken pieces of plastic. One day is absurd. Teachers teach you pretty good, besides from the fact they make you sit on your computers most of the time. You have to always be on your computers, the teacher just has to give instructions and boom! Done teaching. The staff, excluding teachers, are rude. They give prettu robotic responses to a misbehaving student like “You need to be in class.” Like thats gonna help. This review is work in progressOther Review1y ago - Prairie Hill Elementary School
- PK-4
- Public
- 467 Students
8/10GreatSchools RatingParent Rating Average
No reviews available for this school. 
Check out schools near 1550 Dows St.
What Locals Say about Ely
At least 8 Trulia users voted on each feature.
100 % Say parking is easy
100 % Say there are sidewalks
100 % Say car is needed
94 % Say streets are well-lit
92 % Say it's dog friendly
90 % Say kids play outside
90 % Say people would walk alone at night
88 % Say there's holiday spirit
80 % Say there are community events
75 % Say it's walkable to restaurants
73 % Say it's quiet
73 % Say yards are well-kept
67 % Say neighbors are friendly
67 % Say they plan to stay for at least 5 years
18 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
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Apartments for Rent
Homes for sale near 1550 Dows St
Kristie Freese, Keller Williams Legacy Group
See more homes for sale inEly
Off Market Homes Near 1550 Dows St
- SOLDMAY 20, 2026Adam Green, Pinnacle Realty LLC
SOLDMAY 14, 2026Kathryn Greer, DRH Realty Of Iowa, LLC- SOLDMAY 7, 2026
SOLDMAY 4, 2026Adam Lau, Pinnacle Realty LLC
SOLDAPR 27, 2026Kathryn Greer, DRH Realty Of Iowa, LLC
SOLDAPR 20, 2026Kelly Fretto, Pinnacle Realty LLC
SOLDAPR 10, 2026Jonathan Doerrfeld, Realty87- SOLDAPR 6, 2026
SOLDMAR 31, 2026Jaime Hymer, Pinnacle Realty LLC- SOLDMAR 27, 2026
- See more homes for sale inEly
IDX information is provided exclusively for 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 is deemed reliable but not guaranteed.
Homes for rent near 1550 Dows St
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1550 Dows St, Ely, IA 52227 is a studio, 2,474 sqft multi-family built in 1904. This property is not currently available for sale. 1550 Dows St was last sold on Mar 7, 2025 for $225,000 (0% higher than the asking price of $225,000). The current Trulia Estimate for 1550 Dows St is $234,300.