Three-Unit Apartment
For Sale
Contact for pricing
203 Catalpa Dr, Royal Oak, MI 48067
Professionally managed property with updated studios and a leased one-bedroom main-floor unit.
Property SizeContact for details
Days on Market143
Property Features for 203 Catalpa Dr
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Exp Realty, LLC
(313) 600-6189
Listed By:
Fadi Dabaja · License #6506045188
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 7:23AM
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 Exp Realty, LLC
Investment Insights
Based on property information with market context.
This professionally managed triplex contains three income-producing apartments arranged across two levels. The second floor has two studio units, both occupied, including one with a long-term tenant. A one-bedroom apartment on the main floor is also leased, with its current term ending in May. The studios include multiple updates, while the property’s configuration supports continued multifamily use.
The residence is within walking distance of Main Street and downtown Royal Oak, with shopping, restaurants, freeways, and other area amenities nearby. The existing three-unit layout provides a range of occupancy arrangements, and the property has also been identified for possible short-term rental use or conversion to a single-family residence.
The residence is within walking distance of Main Street and downtown Royal Oak, with shopping, restaurants, freeways, and other area amenities nearby. The existing three-unit layout provides a range of occupancy arrangements, and the property has also been identified for possible short-term rental use or conversion to a single-family residence.
Key Highlights
- Three income‑producing apartment units
- Two updated second‑floor studios, both currently rented
- Main‑floor one‑bedroom apartment with lease ending in May
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
972
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Professionally managed property with updated studios and a leased one-bedroom main-floor unit.
Where is this triplex located?
The property is located at 203 Catalpa Dr Royal Oak, MI.
What are key features of this property?
This property features: Three income‑producing apartment units; Two updated second‑floor studios, both currently rented; Main‑floor one‑bedroom apartment with lease ending in May
