1502 E Royall Pl, Milwaukee, WI 53202 $825,000

1502 E Royall Pl, Milwaukee 19 Units $825,000 Active

  • Multi-Family
  • Status: Active
  • Total Number of Units: 19
  • Unit Type 1 # of Units: 5
  • Unit Type 1 Avg Rent: $650
  • Unit Type 2 # of Units: 7
  • Unit Type 2 Avg Rent: $550
  • Unit Type 3 # of Units: 4
  • Unit Type 3 Avg Rent: $500
  • Unit Type 4 # of Units: 3
  • Unit Type 4 Avg Rent: $450
  • Inside Parking: 3
  • Outside Parking: 3
  • Est. Year Built: 1889
  • Est. Acreage: 0.08
  • School District: Milwaukee
  • County: Milwaukee
  • Property Taxes: $16,252
  • Property Tax Year: 2024
  • Postal Municipality: Milwaukee
  • MLS#: 1916719
  • Listing Company: Sam Leaf
  • Zip Code: 53202
  • Concession Offered: Yes

1502 E Royall Pl, Milwaukee, WI 53202 - 19-unit Rooming house that has potential to produce over $10k per month in gross income. Fantastic Eastside location close to Brady Street and public transit. Most rooms have their own private kitchen. 3 Garage parking Spaces, 3 outdoor parking spaces. The property has been run as a licensed rooming house since the 1960s. Currently, still being run as a rooming house. Management has retired and ownership is looking to sell. City has property assessed at $1,186,700. Create equity right away!

Additional Features
  • Block, Full
  • Heating/Cooling: Natural Gas
  • Water Waste: Municipal Water
  • Inclusions: Appliances that are onsite. Coin operated washer and dryer! Bring in an extra couple hundred dollars per month in revenue.
  • Rooming House
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
1916719 Active May 6 2025 5:10PM $825,000 11

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    $3,287 per month
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