$444,111 - 1540 Sq Ft - 4 bed 1 bath - MLS: 202600307
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 #: 202600307
Price: $444,111
Year Built: 1954
Bedrooms: 4
- Upper: 0.0
- Main: 3.0
- Lower: 1.0
Total Baths: 1
- Upper Half: 0.0 ▪ Full: 0.0
- Main: Half: 0.0 ▪ Full: 1.0
- Lower: Half: 0.0 ▪ Full: 0.0
Building Style:
Basement: Block, Finished
Total Sq Ft: 1540
Above Ground: 1040
Finished Lower: 500
Lot Size: 60x125
Fireplaces:
Parking: Attached Garage
Kitchen: Main Level
Living Room: Main Level
Primary Bedroom: Main Level
Heat/Cooling: Electric, Steam, Central Air
Elementary: Horn
Middle: Northwest
High: West
Information deemed reliable but not guaranteed
 | Edge Realty Group 319-351-3355 |
Listing Office: Keller Williams Legacy Group - Agent: Jami Wolf - Information furnished by Iowa City Area Association of Realtors