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.
Sold for $390,000
Zillow last checked:
Listing updated:
Bought with:
Jami Wolf
Keller Williams Legacy Group
Source: Iowa City Area AOR,MLS#: 202600307
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Sold | $390,000-2.5%$253/sqft |
Source:  Iowa City Area AOR #202600307 Report a problem | ||
| 6/15/2026 | Pending sale | $399,900$260/sqft |
Source:  CRAAR, CDRMLS #2600132 Report a problem | ||
| 4/27/2026 | Price change | $399,900-4.9%$260/sqft |
Source: CRAAR, CDRMLS #2600132 Report a problem | ||
| 4/8/2026 | Price change | $420,500-2.2%$273/sqft |
Source: CRAAR, CDRMLS #2600132 Report a problem | ||
| 3/20/2026 | Price change | $429,924-3.2%$279/sqft |
Source: CRAAR, CDRMLS #2600132 Report a problem | ||
| 1/23/2026 | Price change | $444,111-1.3%$288/sqft |
Source: CRAAR, CDRMLS #2600132 Report a problem | ||
| 1/9/2026 | Listing removed | $3,450$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/6/2026 | Listed for sale | $450,000+109.3%$292/sqft |
Source: CRAAR, CDRMLS #2600132 Report a problem | ||
| 12/8/2025 | Price change | $3,450-11.5%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/9/2025 | Listed for rent | $3,900+143.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/18/2013 | Listing removed | $215,000$140/sqft |
Source: Owner Report a problem | ||
| 5/7/2013 | Pending sale | $215,000$140/sqft |
Source: Owner Report a problem | ||
| 5/7/2013 | Listed for sale | $215,000$140/sqft |
Source: Owner Report a problem | ||
| 4/24/2013 | Listing removed | $1,600$1/sqft |
Source: Owner Report a problem | ||
| 2/23/2013 | Listed for rent | $1,600$1/sqft |
Source: Owner Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$392,200
2% more
+$7,844
With Zillow Showcase(estimated)
$400,044
