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Back 1237 Melrose Avenue
Off Market

1237 Melrose Avenue

University Heights IA 52246

4
1
1
1540 sq. ft.
0.16 ac.
Single-Family
Last sold for $390,000
Jami WolfJami Wolf, last sold this property on 13 July 2026 after 187 days on market.

Overview

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.

Features

4 bedrooms
1 bathroom
1 carspace
1540 sq. ft. floor area
0.16 ac. lot size
Single-Family

Estimated Value

Based on this property and similar 4 bedroom single-family properties sold in University Heights over the last 12 months, the estimated median property value of 1237 Melrose Avenue is $450k.

Median value
$450k
Estimated value range
$265k - $1.45m
Median days on market
29
Estimated value trend
3%
increase over the last 12 months
Average days on market is based on recent, comparable sales in University Heights. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1237 Melrose Avenue

2026
Sold
$390,000
13 Jul 2026 by Jami Wolf, of Keller Williams Legacy Group

Happy sellers in University Heights

~%

We have insufficient information to provide an overview of customer satisfaction for University Heights. Viewing the agent profiles, reviews and sales for University Heights can provide insights for this location.

Local market activity for 4 bedroom single-family properties in University Heights

In the last 12 months, 68 four-bedroom single-family properties similar to 1237 Melrose Avenue, have been sold.

This represents a 9% decrease in four-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in University Heights

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Jill Armstrong

Jill Armstrong is a recommended agent for University Heights.  They have 11 local sales across the last 12 months.

  •   5   (1 review)
  •  11 Sales in University Heights
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KIM GREINER

KIM GREINER is a recommended agent for University Heights.  They have 4 local sales across the last 12 months.

  •  4 Sales in University Heights
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Gwen Johnson

Gwen Johnson is a recommended agent for University Heights.  They have 4 local sales across the last 12 months.

  •  4 Sales in University Heights
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Kimberly Schillig

Kimberly Schillig is a recommended agent for University Heights.  They have 3 local sales across the last 12 months.

  •  3 Sales in University Heights
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