Brick Duplex with Three-Car
3409 Devon Road, Royal Oak, MI 48073
MULTI_FAMILY - Other - Royal Oak, MI
Property size:
2,468 SFLot size:
0.26 AcresPrice / SF:
$182/SF- Added:
- May 22, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 3409 Devon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Parking
- 3
- Pets allowed
- Call
- Interior features
- Laundry Facility
- Exterior features
- Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2505477033
- Size
- 2,468 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 5 STARR ACRES S 55 FT OF LOT 31
- Tax Annual Amount
- 8973
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ryan Teahan (248) 644-3500
Listing office The Agency Hall & Hunter 442 S Old Woodward, Birmingham, MI (248) 644-3500
Listing date May 22, 2026
MLS# 20261037450
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.
HighLights
- Brick duplex built in 1937 on a deep 206' lot
- Two separate units with separate furnaces, central air, and electric systems for each unit
- Upper unit includes in‑unit stack washer and dryer, updated kitchen, bright living room, two bedrooms and one bathroom
- Lower unit features a renovated kitchen, spacious living room, formal dining room, two bedrooms and two bathrooms
- Finished basement includes a third kitchen and full bath
- Three‑car garage with storage loft; fenced yard with rear entrance for backyard access
Overview
This brick duplex offers two self-contained residences with separate furnaces and central air, along with individual electric systems for each unit. The first-floor layout includes a spacious living room, formal dining room, renovated kitchen, two bedrooms, and two bathrooms. The upper unit features a bright living room, two bedrooms, one bathroom, an updated kitchen, a breakfast nook, and in-unit stackable washer and dryer. A finished basement adds flexibility with a third kitchen and a full bath, and it could support additional guest or entertaining space.
Set on a deep 206-foot lot in Royal Oak, the home includes a rear entrance for backyard access. Parking and storage are supported by a three-car garage with a storage loft.
Designed for a live-in landlord or an investor seeking turnkey rental configurations, the property provides clear separation between units and shared-use flexibility through the basement. The rent figures provided in the listing indicate $1,500 for the upper unit and $2,500 for the lower unit. The finished basement also presents a potential path to reconfigure the building into a triplex, subject to applicable approvals.
Set on a deep 206-foot lot in Royal Oak, the home includes a rear entrance for backyard access. Parking and storage are supported by a three-car garage with a storage loft.
Designed for a live-in landlord or an investor seeking turnkey rental configurations, the property provides clear separation between units and shared-use flexibility through the basement. The rent figures provided in the listing indicate $1,500 for the upper unit and $2,500 for the lower unit. The finished basement also presents a potential path to reconfigure the building into a triplex, subject to applicable approvals.
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 | $48.9k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $46.7k | $18.91 |
| − OpEx | −$14.0k | −$5.67 |
| NOI | $32.7k | $13.24 |
2,468 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.7K
$408.3K – $544.5K
NOI $32,667 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,273 @ 7.0% cap · market cap 6.73%
Theoretical Best
Specialty Retail
$532.3K
$465.8K – $621.1K
NOI $37,263 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.167154
- Latitude
- 42.51921
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two updated units with separate utilities, plus a finished basement and rear access on a deep Royal Oak lot.
Where is this duplex located?
The property is located at 3409 Devon Road Royal Oak, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Brick duplex built in 1937 on a deep 206' lot; Two separate units with separate furnaces, central air, and electric systems for each unit; Upper unit includes in‑unit stack washer and dryer, updated kitchen, bright living room, two bedrooms and one bathroom
