1237 Melrose Avenue, Iowa City, IA 52246

Iowa City
Local realty services provided by:Graf Real Estate ERA Powered
1237 Melrose Avenue,Iowa City, IA 52246
$399,900
Virtual Tour
  • 4 Beds
  • 1 Baths
  • 1,540 sq. ft.
  • Single family
  • Active
Listed by: stacey dlouhy, jami wolf
Office: keller williams legacy group
MLS#:2600132
Source:IA_CRAAR

Price summary

  • Price:$399,900
  • Price per sq. ft.:$259.68

About this home

Prime Iowa City investment opportunity 3 blocks from the University of Iowa & UI Hospitals & Clinics. This versatile property offers strong rental appeal with a functional layout and key updates already completed. The main level features 3 bedrooms, while the lower level includes a 4th bedroom or flexible family room option, ideal for maximizing rental income or accommodating multiple living arrangements. Updates throughout the home, giving it a refreshed feel. Major improvement includes a newly updated foundation completed in 2025, offering peace of mind for investors looking for a solid, low-maintenance asset. The location alone checks all the boxes with consistent demand from students, medical professionals, & university staff. Whether you’re adding to your portfolio or looking for a property in one of Iowa City’s most reliable rental corridors, this Melrose Ave home is a smart move with built-in demand and flexibility.

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Home facts

  • Year built:1954
  • Listing ID #:2600132
  • Added:120 day(s) ago
  • Updated:May 03, 2026 at 02:59 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:6
  • Kitchen Description:Range, Refrigerator
  • Basement:Yes
  • Living area:1,540 sq. ft.

Heating and cooling

  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Year built:1954
  • Building area:1,540 sq. ft.
  • Lot area:0.16 Acres
  • Architectural Style:Ranch
  • Construction Materials:Frame
  • Exterior Features:Deck
  • Foundation Description:Block
  • Levels:1 Story

Schools

  • High school:West
  • Middle school:Northwest
  • Elementary school:Horn

Finances and disclosures

  • Price:$399,900
  • Price per sq. ft.:$259.68
  • Tax amount:$4,451

Features and amenities

  • Laundry features:Dryer, Washer

Parking

  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:1

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