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    Royal Oak, MI Apartment Buildings for Sale

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    Madison Heights, MI Huntington Woods, MI Ferndale, MI Pleasant Ridge, MI Berkley, MI Hazel Park, MI Clawson, MI Warren, MI
    Renovated 8-Unit Apartment Building
    Updated: Apr 21
    Renovated 8-Unit Apartment Building

    4401 Crooks Rd, Royal Oak, MI 48073

    $1,574,000
    Fully occupied 8‑unit apartment building built in 1956
    Unit mix: 7 one‑bed, one‑bath units and 1 two‑bed, one‑bath unit
    8 dedicated off‑street tenant parking spaces
    Gross monthly income of over $10,600 with 100% occupancy
    Upgraded kitchens, bathrooms, flooring, and modern fixtures in every unit
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 1 Active listings in Royal Oak, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Updated Multi-Unit Building with Garage
    Updated Multi-Unit Building with Garage

    624 Livernois St, Ferndale, MI 48220

    $1,389,000
    7,120 sqft

    Well-maintained building featuring six units, parking, and garage.

    View details
    Partially Remodeled Multifamily Building
    Partially Remodeled Multifamily Building

    415 Hilton Road, Ferndale, MI 48220

    $555,000
    3,312 sqft 0.30 AC lot

    Multifamily property with seven partially remodeled units, plus shared laundry facilities and parking for all units.

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    35-Unit Multifamily Property
    35-Unit Multifamily Property

    20539 Southfield Fwy, Detroit, MI 48235

    Contact for pricing

    Apartment building offering 35 units, presented for sale as a multifamily income property.

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    Multifamily Apartment Portfolio
    Multifamily Apartment Portfolio

    18637 James Couzens Fwy, Detroit, MI 48235

    Contact for pricing

    Portfolio totals 112 units with new roofs from 2018 and a planned gut renovation for a previously fire-affected building.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

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    Off-Market Properties in Royal Oak, MI

    Consider similar Off-Market properties in Royal Oak, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3808 Rochester Rd
    Multifamily properties

    3808 Rochester Rd, Royal Oak, MI 48073

    Value Estimation by Request
    3,634 sqft
    View details
    1196 Washington Ave
    Multifamily properties

    1196 Washington Ave, Royal Oak, MI 48067

    Value Estimation by Request
    400 sqft
    View details
    1002 Washington Ave
    Multifamily properties

    1002 Washington Ave, Royal Oak, MI 48067

    Value Estimation by Request
    2,087 sqft
    View details

    Royal Oak, MI Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Royal Oak, MI on our real estate platform.

    Sale prices for two-family homes in Royal Oak, MI average $1,574,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 58K
    Population Growth (5Y) -2.0%
    Median Household Income $95,277
    College Educated 58.7%

    High-Yield Neighborhoods for Investment

    Identify Royal Oak submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48073 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 3.87%
    Property Tax per SF $28.84 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Royal Oak fall within the 25,000 to 50,000 square foot range.

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