Ranch-Style Triplex with Central
219 W 12 Mile Road Royal Oak, MI 48073
New
For Sale
$499,900
MULTI_FAMILY - Ranch - Royal Oak, MI
Property Size1,950 SF
Lot Size0.16 Acres
Price / SF$256.36
Days on Market2
Property Features for 219 W 12 Mile Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Multi-Family
Bedrooms
3
Bathrooms
4
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3
Pets allowed
Breed Restrictions
Standard status
Active
APN
2516227004
Size
1,950 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
T1N, R11E, SEC 16 BECK'S SUB LOT 18
Tax Annual Amount
8071
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Own It Realty
(313) 395-0000
Listed By:
Hassan Scheib · License #6502399271
(313) 395-0000
Added: Jul 28
Last Checked: Jul 29 at 12:06AM
MLS# 20261056965
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale is a fully leased ranch-style triplex at 219 W 12 Mile Road in Royal Oak, MI (Oakland County). The property contains three single-level units and is maintained as an income-producing residential investment.
According to the current rental breakdown, the triplex is generating $3,900 per month in rental income: Unit A at $900/month (lease through April 2027), Unit B at $1,500/month (lease through October 2026), and Unit C at $1,500/month (lease through July 2027). Two of the units are described as updated with central air conditioning, in-unit washer and dryer, dishwashers, and newer furnaces. The third unit includes a dishwasher and a newer water heater.
The property is listed as 1,950 square feet on a 0.16-acre lot.
According to the current rental breakdown, the triplex is generating $3,900 per month in rental income: Unit A at $900/month (lease through April 2027), Unit B at $1,500/month (lease through October 2026), and Unit C at $1,500/month (lease through July 2027). Two of the units are described as updated with central air conditioning, in-unit washer and dryer, dishwashers, and newer furnaces. The third unit includes a dishwasher and a newer water heater.
The property is listed as 1,950 square feet on a 0.16-acre lot.
Key Highlights
- Fully leased 3‑unit ranch‑style triplex with steady tenant occupancy.
- Rental income of $3,900/month: Unit A $900 (lease through Apr 2027), Unit B $1,500 (lease through Oct 2026), Unit C $1,500 (lease through Jul 2027).
- Brick construction, ranch architecture, built in 1957.
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 | $38.6k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $36.9k | $18.91 |
| − OpEx | −$11.1k | −$5.67 |
| NOI | $25.8k | $13.24 |
1,950 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.2K
NOI $25,811 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.7K
NOI $23,919 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$420.6K
$368.0K – $490.7K
NOI $29,442 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Fully leased three-unit ranch triplex with updated amenities and established monthly rental income.
Where is this triplex located?
The property is located at 219 W 12 Mile Road Royal Oak, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Fully leased 3‑unit ranch‑style triplex with steady tenant occupancy.; Rental income of $3,900/month: Unit A $900 (lease through Apr 2027), Unit B $1,500 (lease through Oct 2026), Unit C $1,500 (lease through Jul 2027).; Brick construction, ranch architecture, built in 1957.
