4-Unit Quadplex with Detached
For Sale
$260,000
Pending
1550 Dows St., Ely, IA 52227
Residential, Ely, IA
Property SizeContact for details
Days on Market49
Property Features for 1550 Dows St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MR R3+
Bathrooms
1
Full bathrooms
4
Rooms
Bathroom 3, Dining Room, Bathroom 4, Bathroom 2, Bathroom 1
Parking
3
Parking features
Garage - Detached
Interior features
Living Room Dining Room Combo
Appliances
Dishwasher, Range or Oven, Refrigerator
Subdivision
unk
Elementary school
College Community
Middle school
College Community
Directions
Ely Rd. (State St.) to North on Dows St. property on the right
Standard status
Pending
APN
183113500300000
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2898
Utilities
Heating system
Electric (Heating)
Amenities
balcony
yard
Building Details
Year built
1904
Floors in Building
2
Flooring type
Laminate, Carpet
Building materials
Vinyl, Frame
Architectural style
Other
Listing Agency:
Lepic-Kroeger, REALTORS
(319) 351-8811
Listed By:
Paul Park
(319) 333-9424
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 23 at 6:06AM
MLS# 202605378
Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1904, this quadplex contains four one-bedroom, one-bathroom units. Recent exterior work includes new stairs and a balcony. A detached garage provides three stalls, which are rented individually, and the property also includes additional yard space. Interior features include combined living and dining areas, with carpet and laminate flooring; appliances include a dishwasher, range or oven, and refrigerator.
The property is in Ely’s Old Town District. Bars and restaurants are within walking distance, and Cedar Rapids Airport and Airport National Golf Course are a short drive away. Zoning is MR R3+.
The property is in Ely’s Old Town District. Bars and restaurants are within walking distance, and Cedar Rapids Airport and Airport National Golf Course are a short drive away. Zoning is MR R3+.
Key Highlights
- Four 1‑bedroom, 1‑bathroom units
- Leases in place through April 2027
- Detached 3‑car garage with stalls rented individually
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 52227, IA
3,089
Population
1,121
Households
2.8
Avg Household Size
37
Median Age
36%
College-Educated
97%
High-School Grad
29.4 sq mi
ZIP Area
105
Density / Sq Mi
$111,000
Median Household Income
$55,861
Median Earnings
$973
Median Rent
$299,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences have leases in place through April 2027, with garage stalls rented separately.
Where is this quadplex located?
The property is located at 1550 Dows St. Ely, IA.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Four 1‑bedroom, 1‑bathroom units; Leases in place through April 2027; Detached 3‑car garage with stalls rented individually
