Sold
Last Sold Price
4,926 sqft
500 Romeo Road, Rochester, MI 48307
Multi FamilyProperty Type
2.88 acresLot Size
1964Year Built
$177/sq ftPrice per sq ft

Description

Six condominium portfolio in larger condo community (ask about a 7th unit available); Class A location, well-run HOA. Secure a rare, cash-flowing 6-unit condo package in a well-maintained complex across three buildings, located just minutes from downtown Rochester. This stabilized investor opportunity includes 5 x 2-bed units and 1 x 1-bed unit, all occupied with reliable tenants, generating immediate rental income. Several units feature full remodels, others have value add opportunities to increase...Six condominium portfolio in larger condo community (ask about a 7th unit available); Class A location, well-run HOA. Secure a rare, cash-flowing 6-unit condo package in a well-maintained complex across three buildings, located just minutes from downtown Rochester. This stabilized investor opportunity includes 5 x 2-bed units and 1 x 1-bed unit, all occupied with reliable tenants, generating immediate rental income. Several units feature full remodels, others have value add opportunities to increase market rent or flip to a buyer. This portfolio offers instant scale, reliable cash flow, and long-term upside in a high-demand rental market - perfect for investors ready to grow fast. Please do not disturb tenants.
  • Listed by: Jan Dijkers 313.319.1370 jandsells@gmail.com • Berkshire Hathaway HomeServices The Loft Warehouse
Listing closed: 03/31/2026 10:19 AM • Source: MiRealSource, MLS#: 60968642

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Recent comparable sales

Median sold price

$850,000

Avg days on market

90

Sale-to-list ratio

95.6%

Rochester, MI

9 comparable properties found

1

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Sold 03/19/26

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Bathrooms
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Square Feet
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Acres
$600,000 | 333 Woodward Avenue, Rochester, MI 48307
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3

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Sold 03/28/25

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Square Feet
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$925,000 | 2 Felker Street, Rochester, NH 03839
1/2
4

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Acres
$915,000 | 11 Sheridan Avenue, Rochester, NH 03867
1/38
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Unavailable
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Acres
$820,000 | 31 Huntington Place, Unit 1 2 & 3, Rochester, VT 05767
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6

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6
Bedrooms
5,497
Square Feet
0.18
Acres
$850,000 | 1065 Stony Pointe Boulevard, Rochester, MI 48307
1/91
7

$850,000

Sold 06/25/25

5
Bedrooms
4,760
Square Feet
0.31
Acres
8

$803,000

Sold 04/10/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,774
Square Feet
0.05
Acres
$774,900 | 133 Flumerfelt Lane, Rochester, MI 48306
1/100
9

$774,900

Sold 04/10/26

4
Bedrooms
4,810
Square Feet
1.51
Acres

Location

Listing Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse

Sold By LPS

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Payment Calculator

$5,343 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,645

Property Taxes

$698

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 500 Romeo Road

Property Details
  • Taxes: $8,376 / year
  • MLS Type: Residential Income / Multi Family
  • Architectural Style: 1 Story
  • Subdivision Name: Rochester Village Condo
  • Has Waterfront: No
  • Zoning Description: Residential
Building Information
  • Stories: 1
  • Residences: 6
  • Year Built: 1964
  • Lot Size: 2.88 AC / 125,452 SF
Summary
Location and General Information
  • Cross Street: Romeo at Parkdale
  • Directions: E on Romeo Rd from S Rochester Rd, buildings on right
  • Latitude: 42.688243
  • Longitude: -83.126352
  • MLS Area Major: Rochester (63152)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 1511330040
  • Tax Annual Amount: $8,376.00
  • Tax Assessed Value: 166120
School Information
  • High School District: Rochester
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: Parking Lot
Property
Lot Information
  • Direction Faces: South
  • Frontage Length: 1.0
  • Lot Size Acres: 2.88
  • Lot Size Dimensions: Irregular
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 4926.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 4926.0
  • Living Area: 4926.0
  • Living Area Source: Public Records
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1964
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: One
  • Total Stories: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Other
Interior and Exterior Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement: Partially Finished
  • Has Basement: Yes
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Cooling: Wall/Window Unit(s)
  • Has Cooling: Yes
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • Has Fireplace: No
  • Laundry Features: Common Area
  • Water Heater: Gas
Multi Family
Multi Family Information
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
Income & Expenses
  • Gross Scheduled Income: $91,260
  • Net Operating Income: $56,356
  • Operating Expense: $34,904.00
Unit Information
Unit 1
  • Type: One Bedroom
  • Units Total: 1
  • Baths Total: 1
  • Actual Rent: $1,000.00
Unit 2
  • Type: Two Bedroom
  • Units Total: 1
  • Baths Total: 1
  • Actual Rent: $1,500.00
Unit 3
  • Type: Two Bedroom
  • Units Total: 2
  • Baths Total: 1
  • Actual Rent: $1,500.00
Unit 4
  • Type: Two Bedroom
  • Units Total: 1
  • Baths Total: 1
  • Actual Rent: $925.00
Unit 5
  • Type: Two Bedroom
  • Units Total: 1
  • Baths Total: 1
  • Actual Rent: $1,180.00

Property History for 500 Romeo Road

DateEvent & SourcePriceAppreciation
Mar 31, 2026

Sold

Realcomp #20251060458

—
Mar 31, 2026

Contract Signed

Realcomp #20251060458

—
Mar 27, 2026

Sold

MiRealSource #60968642

$870,000—
DateEvent & SourcePrice
03/31/2026

Sold

Realcomp #20251060458

—
03/31/2026

Contract Signed

Realcomp #20251060458

—
03/27/2026

Sold

MiRealSource #60968642

$870,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Romeo Road

Taxable ValueLand-Additions-Total-
Tax Record2010$44,771 ($3,731 / month)
Home Facts
Total Finished SqFt14,066 SqFtAbove Grade Finished SqFt14,066 SqFtStyleMulti-Family Res (5+ Units)ZoningAICountyOAKLANDAPN1511327001Fireplace TypeHas Fireplace

Schools near 500 Romeo Road

This home is within Rochester Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
North Hill Elementary School
PublicPK to 5

Hart Middle School
Public6 to 12

Stoney Creek High School
Public6 to 12

John M Schultz Educational Campus
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices The Loft Warehouse

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.