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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.
| DAYS ON MARKET | 7 | LAST UPDATED | 1/13/2026 |
|---|---|---|---|
| TRACT | No | YEAR BUILT | 1954 |
| COMMUNITY | IowaCity | COUNTY | Johnson |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Horn |
|---|---|
| Jr. High School | Northwest |
| High School | West |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Refrigerator, Washer |
| AREA | IowaCity |
| BASEMENT | Block, Finished, Yes |
| CONSTRUCTION | Aluminum Siding, Frame |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric, Steam |
| HOA DUES | Annually |
| INTERIOR | Other |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 60x125 |
| PARKING | Attached |
| SEWER | Public Sewer |
| SUBDIVISION | No |
| TAXES | 4451 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jami Wolf, Keller Williams Legacy Group
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Listing information is deemed reliable, but not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2026.