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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!
| DAYS ON MARKET | 15 | LAST UPDATED | 9/5/2026 |
|---|---|---|---|
| TRACT | unk | YEAR BUILT | 1904 |
| COMMUNITY | OutOfArea | COUNTY | Linn |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | CollegeComm |
|---|---|
| Jr. High School | CollegeComm |
| High School | Prairie |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Refrigerator |
|---|---|
| AREA | OutOfArea |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | Other |
| HEAT | Electric |
| HOA DUES | Annually |
| INTERIOR | Other |
| LOT DIMENSIONS | 40 x150 |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | TwoStories |
| SUBDIVISION | unk |
| TAXES | 2898 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Paul Park, Lepic-Kroeger, REALTORS
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