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Listed price in listed location currency (USD).
$399,900

411

MLS® 2600132

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1540 sqft
Garage Yes
Taxes $4,451
Days Active 112
Lot Size 
Approx. Age 1954
Avg. Price Per Sqft $259
MLS® Number 2600132

Property Address: 1237 Melrose Ave, Iowa City, IA, 52246-1930

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2600132
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1954
Basement
DrivewayGarage, Garage Door Opener
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Other:First FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 6, 2026List Date
$399,900List Price
  • Commute

Commute

Starting Address
Destination Address
1237 Melrose Ave, Iowa City, IA

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