Side-by-Side Brick
For Sale
$605,000
205-207 S Pleasant St, Royal Oak, MI 48067
Two residential units feature separate utilities, private basements, and convenient access to Downtown Royal Oak amenities.
Property Size2,200 SF
Days on Market52
Property Features for 205-207 S Pleasant St
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,578
Amenities
hardwood floors
updated appliances
butcher block countertops
washer/dryer
shared backyard
Building Details
Building Size
2,200 SF
Year Built
1951
Units
2
Construction
brick
Tenancy
Single
Listing Agency:
Keller Williams Royal Oak
Listed By:
Nicole Abbiss · License #6501420918
(989) 284-4292
Source:
Elliman
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 4 at 1:37PM
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 Keller Williams Royal Oak
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Investment Insights
Based on property information with market context.
Located at 205-207 S Pleasant St in Royal Oak, this 1951 side-by-side brick duplex contains two residential units. Each unit includes hardwood flooring, a living room, formal dining area, kitchen with updated appliances and butcher block countertops, two upper-level bedrooms, and an updated full bathroom. Separate utilities and individual basements provide added privacy and storage, with each basement equipped with a washer and dryer.
One unit is tenant-occupied under a lease through May 2027, while the second unit is vacant. The shared backyard serves both residences. The property is within walking distance of Downtown Royal Oak shops, restaurants, grocery stores, and entertainment, with access to major highways. Walk Score is 98 and Bike Score is 71.
One unit is tenant-occupied under a lease through May 2027, while the second unit is vacant. The shared backyard serves both residences. The property is within walking distance of Downtown Royal Oak shops, restaurants, grocery stores, and entertainment, with access to major highways. Walk Score is 98 and Bike Score is 71.
Key Highlights
- Side‑by‑side brick duplex with two residential units
- Each unit includes two bedrooms and an updated full bathroom
- Separate utilities and private basements with washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,120
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,400
$582.4K
Cap Rate 7%
$416,000
$416.0K
Cap Rate 9%
$323,556
$323.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.6K $18.91/SF
− OpEx
−$12.5K −$5.67/SF
NOI
$29.1K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,400
Cap Rate 7%
$416,000
Cap Rate 9%
$323,556
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,986 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$474.5K
$415.2K – $553.6K
NOI $33,216 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,836
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities, private basements, and convenient access to Downtown Royal Oak amenities.
Where is this duplex located?
The property is located at 205-207 S Pleasant St Royal Oak, MI.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Side‑by‑side brick duplex with two residential units; Each unit includes two bedrooms and an updated full bathroom; Separate utilities and private basements with washer and dryer
