Advertise
    Ely, IA
    Residential Income

    Ely, IA Residential Income Properties for Sale

    Notify Me
    List
    Map
    Solon, IA Cedar Rapids, IA Swisher, IA Mount Vernon, IA North Liberty, IA Fairfax, IA Coralville, IA Tiffin, IA
    Four-Unit Property with Detached Garage
    Updated: Sep 5
    Four-Unit Property with Detached Garage

    1550 Dows St., Ely, IA 52227

    $265,000
    Four 1‑bed, 1‑bath units
    Four long‑term tenants with leases in place until April of 2027
    Detached 3 car garage stalls rented individually
    New stairs and balcony
    MR R3+ zoning
    View details
    4-Unit Quadplex with Garage
    Updated: Sep 7
    4-Unit Quadplex with Garage

    1550 Dows Street, Ely, IA 52227

    $265,000
    2,474 sqft
    Four 1‑bedroom, 1‑bath units in a 2,474‑square‑foot quadplex
    Long‑term tenants with leases in place until April of 2027
    Detached garage with 3 stalls rented individually
    New stairs and balcony
    Extra yard space included
    View details
    See what stands out in Linn County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 2 Active listings in Ely, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    122 2nd Street SE, Swisher, IA 52338

    $699,950
    4,800 sqft 0.39 AC lot

    Commercial space anchors the main level, with four one-bedroom apartments on the floor above.

    View details
    Mixed-Use Building with 4 Apartments
    Mixed-Use Building with 4 Apartments

    122 2nd Street SE, Swisher, IA 52338

    $699,950
    4,800 sqft

    Main-level commercial space is paired with four upstairs one-bedroom apartments.

    View details
    Mixed-Use Downtown Retail and Apartments
    Mixed-Use Downtown Retail and Apartments

    112 N Iowa St., Solon, IA 52333

    $1,000,000
    2,312 sqft

    Downtown mixed-use building with leasable main-floor commercial space and two rented upper apartments.

    View details
    Eight-Unit Apartment Building
    Eight-Unit Apartment Building

    230 S Dubuque St., Solon, IA 52333

    $750,000

    Two-story apartment property with remodeled units, central air, and off-street parking.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    3.41 Acre Wooded Corner Lot
    3.41 Acre Wooded Corner Lot

    3983 Hwy 382 NE, Solon, IA 52333

    Contact for pricing
    3.41 AC lot

    3.41-acre wooded property with development opportunities at Ely Road and Highway 382.

    View details
    Waterfront Hunting and Recreation Land
    Waterfront Hunting and Recreation Land

    757 Palisades Access Road, Ely, IA 52227

    $775,000
    17.50 AC lot

    Build a private retreat on waterfront acreage with wooded and cliff views and utilities started.

    View details
    Residential Lot in Kestrel Heights
    Residential Lot in Kestrel Heights

    Cedar Rapids, IA 52403

    $69,000
    0.28 AC lot

    Residential lot for sale in Cedar Rapids' Kestrel Heights.

    View details
    Residential Lot in Kestrel Heights
    Residential Lot in Kestrel Heights

    Cedar Rapids, IA 52403

    $66,957
    0.29 AC lot

    Residential lot for sale in Cedar Rapids, Iowa.

    View details

    Off-Market Properties in Ely, IA

    Consider similar Off-Market properties in Ely, IA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1655 Dows St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1655 Dows St, Ely, IA 52227-9815

    $370,000
    Estimated value
    1,819 sqft 0.07 AC lot
    View details
    1685 Fuhrmeister St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1685 Fuhrmeister St, Ely, IA 52227-9780

    $245,000
    Estimated value
    2,390 sqft 1.42 AC lot
    View details

    Ely, IA Residential Income Properties Market Trends and Statistics

    Explore 4 residential income properties for sale in Ely, IA on our real estate platform. These investment opportunities span a total of 2,474 square feet of properties for sale, with an estimated market value of $530,000.

    Sale prices for residential income properties in Ely, IA average $265,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 1
    Quadplexes 1

    Demographics Overview

    Population 2,864
    Population Growth (5Y) -4.4%
    Median Household Income $111,000
    College Educated 45.5%

    Taxes & Financing

    Tax Rate (average for all types) 1.85%
    Property Tax per SF $31.98 per SF
    Tax Rate vs County Average 1.15 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Linn County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Linn County

    Office

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Ely, IA

    Most Searched ZIP Codes in Ely, IA

    • 52227

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!