$900,000
SOLD JUL 26, 2024

801 Melrose Ave Iowa City, IA 52246

Melrose Neighborhood
4 Beds
4 Baths
1,368 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$658 Per Sq Ft

9% Above List Price

26 Days on Market

Highlights

  • Living Room
  • Property is near schools
  • Dining Room
  • West High School Rated A
  • Forced Air Heating System

About This Home

As of July 2024

Situated directly across from the University of Iowa West Campus, The University of Iowa Hospital, adjacent to The University Baseball Facilities and Carver Hawkeye Arena and BEST OF ALL - Kinnick Stadium. YOU can be a part of everything HAWKEYE!!! Built in 1929, this multi-family rental home has 4 one bedroom units with adjacent parking carport and on site laundry. Held in one family for two generations - its time to pass the torch to a new owner. Currently rented and holds so much potential for future upgrade possibilities, elevated income rates or new site designs.

Last Agent to Sell the Property

Heather Bright

Lepic-Kroeger, REALTORS Listed on: 06/26/2024

Lepic-Kroeger, REALTORS

Last Buyer's Agent

Tracy Barkalow

Barkalow & Associates, Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50 x 110 x 50 x 110

Parking

  • 4 Parking Spaces

Home Design

  • Frame Construction

Interior Spaces

  • 1,368 Sq Ft Home
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Block Basement Construction
  • Oven or Range

Laundry

  • Dryer
  • Washer

Location

  • Property is near schools
  • Property is near a bus stop

Schools

  • Horn Elementary School
  • Northwest Middle School
  • West High School

Utilities

  • Forced Air Heating System
  • Heating System Mounted To A Wall or Window
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1016201002

Community Details

Overview

  • Association fees include exterior maintenance, garbage pickup, grounds maintenance, water
  • 4 Units
  • University Heights Subdivision

Building Details

  • Electric Expense $2,000
  • Fuel Expense $1,120
  • Insurance Expense $3,200
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,968
  • Gross Income $23,040

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Complete
  • Remarks: Situated directly across from the University of Iowa West Campus, The University of Iowa Hospital, adjacent to The University Baseball Facilities and Carver Hawkeye Arena and BEST OF ALL - Kinnick Stadium. YOU can be a part of everything HAWKEYE!!! Built in 1929, this multi-family rental home has 4 one bedroom units with adjacent parking carport and on site laundry. Held in one family for two generations - its time to pass the torch to a new owner. Currently rented and holds so much potential for future upgrade possibilities, elevated income rates or new site designs.
  • Year Built: 1924
  • Tax Year Report: 2022
  • Subdivision: University Heights
  • Rental Permit: Yes
  • Water Annually: 1968
  • Directions: West on Melrose. Home is on the corner of Melrose and Triangle Place - directly across from Kinnick Stadium.
  • Aging In Place Form: No
  • L O1 Dues Paid: y
  • Amenities: Sidewalks, Street Lights, Close to School, On Bus Line
  • Basement Remarks: Block, Unfinished
  • Possession R: Immediate, Negotiable, At Closing
  • Possible Finance R: 1031 Exchange, Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator, Dryer, Washer
  • Sq Ft Above: 1368
  • Lower Level Sq Ft: 1340

Exterior Features

  • Construction: Frame

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 2000
  • Gas Annually: 1120
  • Heating Cooling: Window/Wall Units, Forced Air

Condo/Co-op/Association

  • Fees Include: Exterior Maintenance, Garbage Pickup, Grounds Maintenance, Water

Schools

  • Elementary School: Horn
  • Middle School: Northwest
  • High School: West
  • High School: West
  • Jr Middle School: Northwest
  • Elementary School: Horn

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: 50 x 110 x 50 x 110
  • Zoning: M-Residential

Tax Info

  • Gross Tax County City: 6308
  • Assessor Parcel Number: 1016201002

Multi Family

  • Units Total: 4

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    Tracy Barkalow Barkalow & Associates, Realtors

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2025 04/17/25 Price Changed $1,295 -18.8% $2 / Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/31/2025 01/31/25 For Rent -- -- --
01/31/2025 01/31/25 For Rent $1,595 0.0% --
11/18/2024 11/18/24 Off Market $1,595 -- --
10/31/2024 10/31/24 For Rent $1,595 0.0% --
07/26/2024 07/26/24 Sold $900,000 +9.1% $658 / Sq Ft
06/26/2024 06/26/24 For Sale $825,000 -- $603 / Sq Ft
Source: Iowa City Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Heather Bright

    Lepic-Kroeger, REALTORS

  • T

    Buyer's Agent in 2024

    Tracy Barkalow

    Barkalow & Associates, Realtors

See All Agents

Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202403700

Iowa City Area Association of REALTORS®

APN: 1016201002

Iowa Johnson County Iowa City 52242 Melrose

801 Melrose Ave, Iowa City, IA

This home is located at 801 Melrose Ave, Iowa City, IA 52246 and is currently priced at $900,000, approximately $657 per square foot. This property was built in 1924. 801 Melrose Ave is a home located in Johnson County with nearby schools including Ernest Horn Elementary School, Northwest Junior High School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Iowa City Area Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information is deemed reliable, but not guaranteed accurate by the MLS.

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