Royal Oak Brick Duplex
3409 Devon Road, Royal Oak, MI 48073
New
MULTI_FAMILY - Other - Royal Oak, MI
Property size:
2,468 SFLot size:
0.26 AcresPrice / SF:
$200/SF- Added:
- May 22, 2026
- Days on Market:
- 1
- Last Refresh:
- May 22 at 3:06 pm
Property Features for 3409 Devon Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Basement, Bathroom 2
- Parking
- 3
- Pets allowed
- Call
- Interior features
- Laundry Facility
- Exterior features
- Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2505477033
- Size
- 2,468 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 5 STARR ACRES S 55 FT OF LOT 31
- Tax Annual Amount
- 8973
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Ryan Teahan (248) 644-3500
Listing office The Agency Hall & Hunter 442 S Old Woodward, Birmingham, MI (248) 644-3500
Listing date May 22, 2026
MLS# 20261037450
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.
HighLights
- Income Potential: Great for live‑in landlord or rental property with current rents of $1,500 (upper) and $2,500 (lower) per month.
- Each unit has separate furnaces, central air, and electric systems.
- Deep 206' deep lot.
- Three‑Car Garage: Includes a three‑car garage with a storage loft.
- Finished Basement: Features a third kitchen and full bath, suitable for entertaining or guests.
- Updated Units: First‑floor unit has a renovated kitchen, and the upper unit has an updated kitchen and in‑unit stack washer and dryer.
Overview
This brick duplex home is situated in a sought-after neighborhood on a deep 206-foot lot. It is suitable for a live-in landlord or as a rental property. The first-floor unit features a spacious living room, a formal dining room, a renovated kitchen, two bedrooms, and two bathrooms. The upper unit includes a bright living room, two bedrooms, one bathroom, an updated kitchen, a breakfast nook, and an in-unit stack washer and dryer. The finished basement offers a third kitchen and a full bath, making it suitable for entertaining or guests. A rear entrance provides backyard access. Additional features include separate furnaces, central air, and electric systems for each unit, plus a three-car garage with a storage loft. The property offers updates, charm, and income potential on a deep lot in an excellent neighborhood. The property is located in Royal Oak, MI. The lot size is 0.26 acres. The property size is 2468 square feet. The zoning is Multi-Family.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$363.0K
NOI $32,667 @ 9.00% cap · cautious / downside scenario
Moderate
$466.7K
NOI $32,667 @ 7.00% cap · market / base-case scenario
Aggressive
$653.3K
NOI $32,667 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.9k | $19.80 |
| − Vacancy | −$2.2k | −$0.89 |
| EGI | $46.7k | $18.91 |
| − OpEx | −$14.0k | −$5.67 |
| NOI | $32.7k | $13.24 |
2,468 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$466.7K
$408.3K – $544.5K
NOI $32,667 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$432.5K
$378.4K – $504.6K
NOI $30,273 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$532.3K
$465.8K – $621.1K
NOI $37,263 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.167154
- Latitude
- 42.51921
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Duplex in sought-after neighborhood with income potential on deep lot.
Where is this duplex located?
The property is located at 3409 Devon Road Royal Oak, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Income Potential: Great for live‑in landlord or rental property with current rents of $1,500 (upper) and $2,500 (lower) per month.; Each unit has separate furnaces, central air, and electric systems.; Deep 206' deep lot.
