Home Highlights
Multi-Family
Built in 1904
$107/sqft
Garage
Local Information
- Map ViewExplore the area around 1550 Dows St.
- Schools5 Preschool Schools6 Elementary Schools1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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!
Listing courtesy of Paul Park, (319) 333-9424
Lepic-Kroeger, REALTORS
Source: Iowa City Area AOR, MLS#202605378
Home Details for 1550 Dows St
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bathrooms: 1 |
Dimensions and Layout Living Area: 2474 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Range Or Oven, RefrigeratorDishwasherLaundry: NoneRefrigerator |
Heating & Cooling Heating: ElectricHas HeatingHeating Fuel: Electric |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Flooring: Carpet, Laminate |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Carpet, Laminate |
Security Security: Carbon Monoxide Detector(s), Smoke Detector(s) |
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Exterior Home Features Exterior: Other |
Parking & Garage Has a GarageNo Attached GarageParking Spaces: 3Parking: Garage |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 2474 Square Feet |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1904 |
Property Type / Style Property Type: ResidentialProperty Subtype: Multi Family, Residential |
Building Construction Materials: Vinyl, Frame |
Property Information Parcel Number: 183113500300000 |
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Price List Price: $265,000Price Per Sqft: $107 |
Status Change & Dates Possession Timing: Negotiable |
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MLS Status: NewListing |
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Direction & Address City: ElyCommunity: unk |
School Information Elementary School: CollegeCommJr High / Middle School: CollegeCommHigh School: Prairie |
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Listing Agent Listing ID: 202605378 |
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Building Area Building Area: 2474 Square Feet |
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Community Features: Sidewalks, Street Lights, Near Shopping |
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HOA Fee Includes: OtherHas an HOAHOA Fee: No HOA Fee |
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Lot Area: 6000 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional |
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BasementMls Number: 202605378Above Grade Unfinished Area: 2474Showing Requirements: ShowingTime |
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SidewalksStreet LightsNear Shopping |
Around this home
- Prairie Heights Elementary School
- PK-4
- Public
- 397 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 Review4y ago - Prairie Crest Elementary School
- PK-4
- Public
- 426 Students
5/10GreatSchools 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
- 423 Students
9/10GreatSchools 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
- 443 Students
6/10GreatSchools RatingParent Rating AverageWonderful teachers who care about the children; we feel very lucky to have such a great school!Parent Review16y ago - Prairie Hill Elementary School
- PK-4
- Public
- 452 Students
9/10GreatSchools RatingParent Rating Average
No reviews available for this school.
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.
Market trends in Ely
Last updated July 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
9
1MoM
Home Value
Trulia Estimate
$261KSince last month
Increased$24K (+10.2%)Since last year
Increased$34K (+14.8%)Since last sale
Increased$36K (+16%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +20% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $261K |
| August 2026 | $233K |
| July 2026 | $237K |
| June 2026 | $235K |
| May 2026 | $233K |
| April 2026 | $232K |
| March 2026 | $231K |
| February 2026 | $226K |
| January 2026 | $227K |
2025 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
3.93 | Multi-Family Home | $644,000 | 03/12/26 | - | 5,712 | ||
5.49 | Multi-Family Home | $265,000 | 07/15/26 | - | 1,920 | ||
8.06 | Multi-Family Home | $180,000 | 05/15/26 | - | 2,932 | ||
8.10 | Multi-Family Home | $129,000 | 09/22/25 | - | 1,720 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $264,100 | 4 | 2 | 1,688 | Off Market | |
0.06 | - | Studio | - | 2,346 | Off Market | |
0.08 | $251,200 | 3 | 1 | 1,530 | Off Market | |
0.12 | $221,000 | 1 | 1 | 727 | Recently Sold | |
0.12 | $604,500 | 3 | 2 | 2,018 | Recently Sold | |
0.12 | $720,000 | 3 | 2 | 2,358 | For Sale | |
0.12 | $338,000 | 2 | 2 | 1,070 | For Sale | |
0.12 | $338,000 | 2 | 2 | 1,095 | For Sale | |
0.12 | $338,000 | 2 | 2 | 1,095 | For Sale | |
0.12 | $338,000 | 2 | 2 | 1,097 | For Sale | |
0.12 | $338,000 | 2 | 2 | 1,093 | For Sale |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 5, 2026 Source: CRAAR, CDRMLS #2606246 | Listed For Sale | $265,000 |
Mar 7, 2025 Source: CRAAR, CDRMLS #2500273 | Sold | $225,000 |
Jan 20, 2025 Source: CRAAR, CDRMLS #2500273 | Pending | $225,000 |
Jan 15, 2025 Source: CRAAR, CDRMLS #2500273 | Listed For Sale | $225,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Paul Park, Lepic-Kroeger, REALTORS
Agent Phone: (319) 333-9424
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information is deemed reliable, but not guaranteed accurate by the MLS.
Listing information is deemed reliable, but not guaranteed accurate by the MLS.
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Frequently asked questions about 1550 Dows St
- What is the estimated monthly payment for 1550 Dows St?Based on a $265,000 list price with 20% down at today's rates, the estimated monthly payment for 1550 Dows St in Ely, IA is approximately $1,821 (about $1,406 principal & interest, $340 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Ely?Residents describe Ely, IA as easy to park in, pedestrian-friendly, and dog-friendly. See homes for sale in Ely, IA.
- What are the closest schools to 1550 Dows St?The closest schools to 1550 Dows St in Ely, IA are Prairie Creek Intermediate School (Elementary, rated 4/10), Prairie Crest Elementary School (Pre-K, rated 5/10), Prairie Heights Elementary School (Pre-K, rated 7/10).
- What is 1550 Dows St estimated to be worth?Trulia's estimated value for 1550 Dows St in Ely, IA is $261,000.
1550 Dows St, Ely, IA 52227 is a studio, 1 bathroom, 2,474 sqft multi-family built in 1904. This property is currently available for sale and was listed by Iowa City Area AOR on Sep 5, 2026. The MLS # for this home is MLS# 202605378.