# 1237 Melrose Ave, IowaCity, IA 52246

> **TL;DR:** 4bd/1ba single family, $420,500 ($404/sqft), built 1954, 1,040 sqft. Est. $1,822/mo. Listed 90 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $420,500 |
| Price/sqft | $404 |
| Bedrooms | 4 |
| Bathrooms | 1 full |
| Square Feet | 1,040 |
| Year Built | 1954 |
| Lot Size | 6,970 sqft (0.16 acres) |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 90 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,822 |
| **Total** | **$1,822** |

## Nearby Schools

- **Elementary:** Horn
- **Middle:** Northwest
- **High:** West

## Property Highlights

- Built in 1954
- 0.16 acre lot

## Description

### 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.

## Location

- **Address:** 1237 Melrose Ave, IowaCity, IA 52246
- **County:** Johnson
- **Neighborhood:** No
- **Coordinates:** 41.655955, -91.557899
- **Google Maps:** https://www.google.com/maps?q=41.655955,-91.557899

## Listing Agent

- **Name:** Jami Wolf
- **Brokerage:** Keller Williams Legacy Group
- **Phone:** 3194817088
- **Email:** jamiwolf.realtor@gmail.com

## Primary Photo

![1237 Melrose Ave - Primary Photo](http://lh.rdcpix.com/3ea9b478d3bc9f0a2a7bd6b2b207c999l-f4277102540r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/1237-melrose-ave-iowacity-ia-52246-02600307)*

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**MLS#:** 202600307 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1237-melrose-ave-iowacity-ia-52246-02600307)

---

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