$775,000

1502-1504 E Royall Place Milwaukee, WI 53202

Lower East Side Neighborhood

Estimated payment $4,904/month

Total Views 733
-- Bed
-- Bath
5,894 Sq Ft
$131 Price per Sq Ft

About This Home

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!

Listing Agent

Sam Leaf

Sam Leaf License #57753-90 Listed on: 09/11/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,894 Sq Ft Home
  • Basement Fills Entire Space Under The House

Community Details

  • Operating Expense $35,607
  • Net Operating Income $101,193

Listing and Financial Details

  • Exclusions: Tenants and Owners personal property.
  • Assessor Parcel Number 3550298000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.18
  • Inclusions: Appliances that are onsite. Coin operated washer and dryer! Washer and Dryer units bring in an extra couple hundred dollars per month in revenue.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water, Electric/Public, Electric-Tenant, Heat, Gas
  • Has Basement: Brick, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Tenants and Owners personal property.
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit, Indoor Space, Outdoor Space

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 7840.8
  • Parcel #: 3550298000

Rental Info

  • Tenant Pays: None

Multi Family

  • Property Net Operating Income: 101192.64
  • Annual Operating Expense: 35607.36

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/11/2025 09/11/25 For Sale $775,000 -- $131 / Sq Ft
Source: Metro MLS

Source: Metro MLS

MLS Number: 1934859

Metro MLS
Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1502-1504 E Royall Place, Milwaukee, WI

This home is located at 1502-1504 E Royall Place, Milwaukee, WI 53202 and is currently priced at $775,000, approximately $131 per square foot. 1502-1504 E Royall Place is a home located in Milwaukee County with nearby schools including Cass Street School, Milwaukee German Immersion School, and Craig Montessori 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.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes
Listing Agent
Sam Leaf
Section Image
Sam Leaf
(414) 409-0731