1641-1643 Fairview Ave, Royal Oak, MI 48073
Fully occupied duplex with separate meters and mechanical systems, updated kitchens and bathrooms, and finished basements in each unit.
- Added:
- Jun 18, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 20 at 6:12 am
Property Features for 1641-1643 Fairview Ave
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1960
Listing agent Tahmidur Choudhury License #6501417168 (313) 648-7899
Listing office (313) 648-7899
Listing date Jun 18, 2026
Source Elliman
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 Tahmidur Choudhury
HighLights
- Fully occupied side‑by‑side duplex at 1641‑1643 Fairview Ave in Royal Oak
- Separate meters and separate mechanical systems for each unit
- Unit 1641: 2 bed, 1 full bath, approx. 850 SF with a finished basement
- Unit 1643: 2 bed, 2 full baths, approx. 950 SF with a finished basement
- Recent updates include renovated kitchens with new cabinetry and appliances, updated bathrooms, and fresh paint
- No HOA and no rent control restrictions reported
Overview
Located at 1641-1643 Fairview Ave in Royal Oak, the property places residents just minutes from Downtown Royal Oak and Corewell Health William Beaumont University Hospital. It also offers convenient access to Woodward Avenue, major freeways, shopping, dining, entertainment, and local parks.
For investors or owner-occupants seeking an income-producing residential property, the separate meters and mechanical systems can simplify unit-level operations. With no HOA and no rent control restrictions noted in the information, the duplex may be attractive for buyers looking to take advantage of a well-maintained, turn-key configuration in a rental-market area that emphasizes convenience to employment, retail, and recreation.
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 | $35.6k | $19.80 |
| − Vacancy | −$1.6k | −$0.89 |
| EGI | $34.0k | $18.91 |
| − OpEx | −$10.2k | −$5.67 |
| NOI | $23.8k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1644916
- Latitude
- 42.5171298
