Renovated Duplex with Enclosed
306 N Kenwood Avenue Royal Oak, MI 48067
New
306 N Kenwood Avenue, Royal Oak, MI, 48067
$320,000
For Sale
$320,000
MULTI_FAMILY - Colonial - Royal Oak, MI
Property Size1,396 SF
Lot Size0.14 Acres
Price / SF$229.23
Days on Market5
Property Features for 306 N Kenwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1
- Pets allowed
- Call
- Interior features
- Programmable Thermostat
- Exterior features
- Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2514355003
- Size
- 1,396 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 14 HOWARTH GARDENS LOT 41
- Tax Annual Amount
- 5383
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Aluminum
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing Agency
DOBI Real Estate
(248) 385-3350
2211 Cole Street, Birmingham, MI
Listed by
Sara Trombly
(248) 385-3350
Added: Jul 13 Checked: Jul 17 at 1:06 am
MLS# 20261053644
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Welcome to 306 N Kenwood Avenue, a well-maintained duplex offering two separate residential units with practical, move-in-ready updates. The lower unit features 2 bedrooms and 1 full bathroom, with the bathroom updated in 2021. The upper unit has been renovated in 2024, including new flooring, fresh neutral paint, a remodeled bathroom, and an updated kitchen.
Additional improvements and conveniences include an enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Mechanical updates include a new furnace installed in 2019 and a hot water tank installed in 2023.
The property is located in Royal Oak, on a tree-lined street, with access to downtown Royal Oak’s restaurants, boutiques, nightlife, and year-round events. It is also minutes from I-75 and I-696.
Additional improvements and conveniences include an enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Mechanical updates include a new furnace installed in 2019 and a hot water tank installed in 2023.
The property is located in Royal Oak, on a tree-lined street, with access to downtown Royal Oak’s restaurants, boutiques, nightlife, and year-round events. It is also minutes from I-75 and I-696.
Key Highlights
- Duplex at 306 N. Kenwood Avenue (Colonial), built in 1917
- Lower unit: 2 bedrooms and 1 full bathroom; bathroom updated in 2021
- Upper unit renovated in 2024 with new flooring, fresh neutral paint, remodeled bathroom, and updated kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $19.80 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $26.4k | $18.91 |
| − OpEx | −$7.9k | −$5.67 |
| NOI | $18.5k | $13.24 |
1,396 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,478 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$301.1K
$263.5K – $351.3K
NOI $21,077 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Good Boy Art
Artist
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with updated kitchens and baths, enclosed front porch, shared basement storage, and detached two-car garage.
Where is this duplex located?
The property is located at 306 N Kenwood Avenue Royal Oak, MI.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex at 306 N. Kenwood Avenue (Colonial), built in 1917; Lower unit: 2 bedrooms and 1 full bathroom; bathroom updated in 2021; Upper unit renovated in 2024 with new flooring, fresh neutral paint, remodeled bathroom, and updated kitchen
