Renovated Duplex with Enclosed
306 N Kenwood Avenue Royal Oak, MI 48067
New
306 N Kenwood Avenue, Royal Oak, MI, 48067
$320,000
For Sale
$320,000
MULTI_FAMILY - Colonial - Royal Oak, MI
Property Size1,396 SF
Lot Size0.14 Acres
Price / SF$229.23
Days on Market5
Property Features for 306 N Kenwood Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1
- Pets allowed
- Call
- Interior features
- Programmable Thermostat
- Exterior features
- Fenced
- Fencing
- Fenced
- 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
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
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
2211 Cole Street, Birmingham, MI
Listed by
Sara Trombly
(248) 385-3350
Added: Jul 13 Checked: Jul 17 at 3:06 am
MLS# 20261053644
Listing URL
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.
Welcome to 306 N Kenwood Avenue, a well-maintained duplex offering two separate residential units with practical, move-in-ready updates. The lower unit features 2 bedrooms and 1 full bathroom, with the bathroom updated in 2021. The upper unit has been renovated in 2024, including new flooring, fresh neutral paint, a remodeled bathroom, and an updated kitchen.
Additional improvements and conveniences include an enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Mechanical updates include a new furnace installed in 2019 and a hot water tank installed in 2023.
The property is located in Royal Oak, on a tree-lined street, with access to downtown Royal Oak’s restaurants, boutiques, nightlife, and year-round events. It is also minutes from I-75 and I-696.
Additional improvements and conveniences include an enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Mechanical updates include a new furnace installed in 2019 and a hot water tank installed in 2023.
The property is located in Royal Oak, on a tree-lined street, with access to downtown Royal Oak’s restaurants, boutiques, nightlife, and year-round events. It is also minutes from I-75 and I-696.
Key Highlights
- Duplex at 306 N. Kenwood Avenue (Colonial), built in 1917
- Lower unit: 2 bedrooms and 1 full bathroom; bathroom updated in 2021
- Upper unit renovated in 2024 with new flooring, fresh neutral paint, remodeled bathroom, and updated kitchen
Local 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 | $27.6k | $19.80 |
| − Vacancy | −$1.2k | −$0.89 |
| EGI | $26.4k | $18.91 |
| − OpEx | −$7.9k | −$5.67 |
| NOI | $18.5k | $13.24 |
1,396 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$264.0K
$231.0K – $308.0K
NOI $18,478 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 5.35%
Theoretical Best
Specialty Retail
$301.1K
$263.5K – $351.3K
NOI $21,077 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Good Boy Art
Artist
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FAQs
What type of property is this?
Duplex - Two-unit duplex with updated kitchens and baths, enclosed front porch, shared basement storage, and detached two-car garage.
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 $320,000.
What are key features of this property?
This property features: Duplex at 306 N. Kenwood Avenue (Colonial), built in 1917; Lower unit: 2 bedrooms and 1 full bathroom; bathroom updated in 2021; Upper unit renovated in 2024 with new flooring, fresh neutral paint, remodeled bathroom, and updated kitchen
