Three-Unit Residential Income
For Sale
$399,000
Pending
1125 S Lafayette Avenue, Royal Oak, MI 48067
Separate living spaces include updated mechanical equipment and established tenancy in a Royal Oak setting near downtown amenities.
Property SizeContact for details
Days on Market16
Property Features for 1125 S Lafayette Avenue
General Information
Standard status
Pending
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Listing Agency:
Max Broock, REALTORS-Royal Oak
(248) 548-9100
Listed By:
Kate DeCavitte
Source:
Charterpropertiesgr
Added: Aug 26
Changed: Sep 9
Last Checked: Sep 9 at 11:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Max Broock, REALTORS-Royal Oak
Investment Insights
Based on property information with market context.
Built in 1911, this residential income property contains three separate units arranged across the basement and first-floor levels. The layout includes one one-bedroom, one-bath unit in the basement, a second one-bedroom, one-bath unit on the first floor, and a larger residence with living space on the first floor plus two bedrooms and a full bath upstairs.
Recent property updates include a newer hot water heater and boiler. Established tenants are in place, and the property occupies a large lot. The address is near downtown Royal Oak and Woodward, with access to freeways, shopping, dining, parks, and other area amenities. The property is also offered as a potential companion acquisition with 1119 S. Lafayette next door, subject to the terms of that separate opportunity.
Recent property updates include a newer hot water heater and boiler. Established tenants are in place, and the property occupies a large lot. The address is near downtown Royal Oak and Woodward, with access to freeways, shopping, dining, parks, and other area amenities. The property is also offered as a potential companion acquisition with 1119 S. Lafayette next door, subject to the terms of that separate opportunity.
Key Highlights
- Three separate residential units
- Unit mix includes two one‑bedroom, one‑bath units and one two‑bedroom unit with an additional full bath
- Built in 1911
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 48067, MI
24,589
Population
13,714
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
5,345
Density / Sq Mi
$107,355
Median Household Income
$76,700
Median Earnings
$1,435
Median Rent
$309,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate living spaces include updated mechanical equipment and established tenancy in a Royal Oak setting near downtown amenities.
Where is this triplex located?
The property is located at 1125 S Lafayette Avenue Royal Oak, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three separate residential units; Unit mix includes two one‑bedroom, one‑bath units and one two‑bedroom unit with an additional full bath; Built in 1911
