1237 Melrose Ave, Iowa City, IA 52246
1237 Melrose Ave, Iowa City, IA 52246
1237 Melrose Ave, Iowa City, IA 52246
1237 Melrose Ave, Iowa City, IA 52246
1237 Melrose Ave, Iowa City, IA 52246
1237 Melrose Ave, Iowa City, IA 52246
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Diana Salazar

Diana Salazar

+1(319) 722-1022
$ 399,900
Est. payment | /mo

4 Beds

1 Bath

1,540 SqFt

Save
$ 399,900
Est. payment | /mo
Save

4 Beds

1 Bath

1,540 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,540 sqft

Price per Sqft $259

Subdivision No

MLS Listing ID 202600307

Bedrooms 4

Full Baths 1

HOA Y/N No

Abv Grd Liv Area 1,040

Year Built 1954

Annual Tax Amount $4,451

Tax Year 2024

Lot Size 6,969 Sqft

Acres 0.16

Lot Dimensions 60x125

Property Sub-Type Single Family Residence

Property 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.

Location

State IA

County Johnson

Zoning Residential

Direction East on Melrose Ave from I380 Refer to GPS

Rooms

Basement Block, Finished

Interior

Interior Features Other, None

Heating Electric, Steam

Cooling Central Air

Fireplaces Type None

Appliance Dryer, Range Or Oven, Refrigerator, Washer

Exterior

Exterior Feature Deck

Parking Features Attached Garage

Community Features None

Utilities Available City Sewer, City Water

Total Parking Spaces 1

Building

Lot Description Less Than Half Acre

Structure Type Aluminum Siding,Frame

New Construction No

Schools

Elementary Schools Horn

Middle Schools Northwest

High Schools West

Others

Tax ID 1016229005

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Special Listing Condition Standard

Listed by Keller Williams Legacy Group

NEARBY SCHOOLS & PROPERTIES

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Diana Salazar
Diana Salazar

Agent | License ID: S67677000

+1(319) 722-1022

2530 Corridor Way Suite 202, Caralville, Iowa, 52241, United States

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1237 Melrose Ave