Two-Unit Duplex with
For Sale
$290,000
306 N Kenwood Avenue, Royal Oak, MI 48067
Multifamily, 2 Story, Royal Oak, MI
Property Size1,396 SF
Lot Size0.14 Acres
Price / SF$207.74
Days on Market52
Property Features for 306 N Kenwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1
Pets allowed
Call
Interior features
Programmable Thermostat
Exterior features
Fenced
Fencing
Fenced
Subdivision
Howarth Gardens
Elementary school district
Royal Oak
Middle school district
Royal Oak
High school district
Royal Oak
Directions
North Off Of 11 Mile And East Of Campbell
Standard status
Active
APN
2514355003
Size
1,396 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
T1N, R11E, SEC 14 HOWARTH GARDENS LOT 41
Tax Annual Amount
5383
Legal Description
T1N, R11E, SEC 14 HOWARTH GARDENS LOT 41
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
enclosed front porch
shared basement with dedicated storage
Building Details
Year built
1917
Floors in Building
2
Number of units
2
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
DOBI Real Estate
(248) 385-3350
Listed By:
Sara Trombly
(586) 524-6902
Added: Aug 26
Changed: Oct 4
Last Checked: Oct 16 at 4:06PM
MLS# 20261068291
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.
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Investment Insights
Based on property information with market context.
This 1,396-square-foot duplex sits on a 0.14-acre lot at 306 N. Kenwood Avenue in Royal Oak. The lower residence includes 2 bedrooms and 1 full bathroom, while the upper residence was renovated in 2024 with new flooring, fresh paint, a remodeled bathroom, and an updated kitchen. A bathroom serving the lower unit was updated in 2021.
The property includes an enclosed front porch, a shared basement with separate storage areas, and a detached 2-car garage. Mechanical improvements include a furnace installed in 2019 and a hot water tank added in 2023. The home is located near downtown Royal Oak’s restaurants, boutiques, nightlife, and seasonal events, with access to I-75 and I-696 nearby.
The property includes an enclosed front porch, a shared basement with separate storage areas, and a detached 2-car garage. Mechanical improvements include a furnace installed in 2019 and a hot water tank added in 2023. The home is located near downtown Royal Oak’s restaurants, boutiques, nightlife, and seasonal events, with access to I-75 and I-696 nearby.
Key Highlights
- 1,396‑square‑foot duplex on a 0.14‑acre lot
- Two residential units, including a 2‑bedroom lower unit with 1 full bathroom
- Upper unit renovated in 2024; lower‑unit bathroom updated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,478
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$369,560
$369.6K
Cap Rate 7%
$263,971
$264.0K
Cap Rate 9%
$205,311
$205.3K
Market Conditions
NOI Build-Up for 1,396 SF
Gross rent
$27.6K $19.80/SF
− Vacancy
−$1.2K −$0.89/SF
EGI
$26.4K $18.91/SF
− OpEx
−$7.9K −$5.67/SF
NOI
$18.5K $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%
$369,560
Cap Rate 7%
$263,971
Cap Rate 9%
$205,311
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,478 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$301.1K
$263.5K – $351.3K
NOI $21,077 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
396
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Residential-zoned property with a detached two-car garage and shared basement storage.
Where is this duplex located?
The property is located at 306 N Kenwood Avenue Royal Oak, MI.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 1,396‑square‑foot duplex on a 0.14‑acre lot; Two residential units, including a 2‑bedroom lower unit with 1 full bathroom; Upper unit renovated in 2024; lower‑unit bathroom updated in 2021
