Side-by-Side Duplex Income
1812 N Center St Royal Oak, MI 48073
New
For Sale
$399,900
Side-by-side duplex with two 3-bedroom units, each featuring private patio and in-unit appliances.
Days on Market7
Property Features for 1812 N Center St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1953
Listing Agency:
Max Broock Realtors
(248) 763-2622
Listed By:
Jim Manna · License #6501417349
(248) 763-2622
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 1:57PM
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
Investment Insights
Based on property information with market context.
This side-by-side duplex offers two separate residential units, each with three bedrooms and 1.5 baths. Each unit includes a functional layout and comes with appliances, including a washer and dryer. The units also feature central air conditioning, private patios, and access to a fenced backyard.
The property is set up with separate gas, electric, and water meters, allowing tenants to pay their own utilities. The right-side unit is currently leased out through May 2027, while the left-side unit is available for showings.
Both units are described as having generously sized rooms, including a living room measuring 16' x 14' and a kitchen measuring 11' x 11'. Bedroom measurements are approximately 11' x 9', 11' x 8', and 11' x 10'.
The property is set up with separate gas, electric, and water meters, allowing tenants to pay their own utilities. The right-side unit is currently leased out through May 2027, while the left-side unit is available for showings.
Both units are described as having generously sized rooms, including a living room measuring 16' x 14' and a kitchen measuring 11' x 11'. Bedroom measurements are approximately 11' x 9', 11' x 8', and 11' x 10'.
Key Highlights
- 1953 side‑by‑side duplex with two 3‑bedroom units, each with 1.5 baths and a functional layout
- Each unit includes all appliances, including washer and dryer, plus central air conditioning
- Separate private patios and a shared fenced backyard
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 | $42.5k | $19.80 |
| − Vacancy | −$1.9k | −$0.89 |
| EGI | $40.5k | $18.91 |
| − OpEx | −$12.2k | −$5.67 |
| NOI | $28.4k | $13.24 |
2,144 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.4K
$354.7K – $473.0K
NOI $28,379 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$375.7K
$328.7K – $438.3K
NOI $26,299 @ 7.0% cap · market cap 6.58%
Theoretical Best
Specialty Retail
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex with two 3-bedroom units, each featuring private patio and in-unit appliances.
Where is this duplex located?
The property is located at 1812 N Center St Royal Oak, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1953 side‑by‑side duplex with two 3‑bedroom units, each with 1.5 baths and a functional layout; Each unit includes all appliances, including washer and dryer, plus central air conditioning; Separate private patios and a shared fenced backyard
