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500 Romeo Road Rochester, MI $ 900,000
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$ 900,000 Get more info
500 Romeo Road
$ 900,000
Back to search
Share Save

500 Romeo Road

Rochester, MI, 48307
$ 900,000
Baths6.0 Sq 4,926

Monthly Estimate*

$ 5,541

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Studio

Multi-Family Home for sale in Rochester, MI

for $900,000 with 6 full baths. This 4,926 square foot home was built in 1964 on a lot size of 2.88.

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.

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Multi-Family Contingent

Price

$ 900,000

Bedrooms

Studio

Full Bath

6

Property Type

Multi-Family

Taxes

$ 8,376

Style

Traditional

Lot Size

2.88

Year Built

1964

Town/City

Rochester

County/Region

Oakland

MLS | Web ID

20251060458
Features
General
Sewer PublicSewer
Heating Baseboard NaturalGas
Cooling WallUnits
Possession RentalAgreement
Garage Spaces 0.0
Architectural Style Traditional
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1964
Levels One
Property Subtype MultiFamily
County Oakland
Net Operating Income 56356.0
Operating Expense 34904.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Contingency AcceptingBackupOffers
Subdivision Name ROCHESTER VILLAGE CONDO
Garage Y/N N
Full Baths 6
Status Accepting Backup Offers
Directions E on Romeo Rd from S Rochester Rd buildings on right
City RochesterCity_Oakland
Disclosures ActualIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Rochester
Zoning Description Residential
Number Of Units Total 6
MLS Area Area02152Rochester
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 6
Land Lease Y/N N
Tax Annual Amount 8376.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status ActiveUnderContract
Occupancy Type Tenant
Tax Assessed Value 166120
Expected Active Date 2026-02-09
Legal Description T3N R11E SEC 11 OAKLAND COUNTY CONDOMINIUM PLAN NO 1729 ROCHESTER VILLAGE CONDO UNIT 40 BLDG C L 35285 P 222 4-8-05 FR 327-001
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Interior
Basement Common PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4926.0
Half Baths 0
Laundry Features InUnit LaundryRoom
Above Grade Finished Area Unit Type SquareFeet
Total Baths 6
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Exterior
Parking Features ParkingLot
Water Source Other
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions Irregular
Lot Size Acres 2.88
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Jan Dijkers

Listing Agent

Berkshire Hathaway Homeservices The Loft Warehouse

Broker

(313) 658-6400

Phone

Affordability Calculator

$6,239
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,541
Monthly Property Taxes
$698
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
848546 Elementary School
848028 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/9/2026$900,000 Listed Price

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500 Romeo Road, Rochester, MI, 48307 is a Multi-Family Home for sale at $900,000 with 4,926 sqft and a lot size of 2.88. 500 Romeo Road is a studio with 6.0 baths and was built in 1964. The property's zip code is 48307 which is in Rochester, MI

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