Charming Royal Oak Multi-Family
909 Knowles Street, Royal Oak, MI 48067
New
MULTI_FAMILY - Bungalow, Craftsman - Royal Oak, MI
Property size:
1,551 SFLot size:
0.12 AcresPrice / SF:
$264/SF- Added:
- May 12, 2026
- Days on Market:
- 4
- Last Refresh:
- May 15 at 4:06 pm
Property Features for 909 Knowles Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1, Basement
- Parking
- 2
- Interior features
- Cable Available, Circuit Breakers, Laundry Facility, Entrance Foyer
- Exterior features
- Lighting, Fenced
- Fencing
- Fenced
- Standard status
- Active
- APN
- 2522326014
- Size
- 1,551 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 22 ASSESSOR'S PLAT NO 22 LOT 34
- Tax Annual Amount
- 6238
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1917
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Asbestos, Wood
- Roof type
- Asphalt
- Architectural style
- Craftsman, Bungalow
Listing agent Julie A Thayer License #6501277097 (313) 884-1414
Listing office Sine & Monaghan, LLC 408 S Lafayette Ave #100, MI (248) 549-7400
Listing date May 12, 2026
MLS# 20261032216
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
- Two separate units each with their own utilities.
- Backs up to Hudson Park, featuring a fenced yard and patio.
- Walkable to downtown Royal Oak.
- Remodeled in 2018.
- Both kitchens boast wood cabinets, granite countertops, and stainless steel appliances.
- Features vintage details such as antique oak French doors and a mission‑style front door.
Overview
This multi-family home in Royal Oak features vintage details, including antique oak French doors with true divided light cut glass and an antique oak mission-style front door. The property was remodeled in 2018. The first-floor unit includes a living room, den, kitchen, one bedroom, one bath, and a master suite with a full bath and walk-in closet. The second-floor unit features a living room, kitchen, bedroom, and a full bath. Finishes include satin nickel and polished chrome fixtures, refinished wood floors, carpet, vinyl plank flooring, and fresh paint. Both kitchens have wood cabinets, granite countertops, and stainless steel appliances. The property has two furnaces, two air conditioners, two electric meters, two gas meters, two water heaters, and two electrical panels, indicating separate utilities for each unit. The site backs up to Hudson Park, and the lot is fenced with a patio. The property is walkable to downtown Royal Oak, with easy street parking. The property size is 1551 square feet on a 0.12-acre lot.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$228.1K
NOI $20,530 @ 9.00% cap · cautious / downside scenario
Moderate
$293.3K
NOI $20,530 @ 7.00% cap · market / base-case scenario
Aggressive
$410.6K
NOI $20,530 @ 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 | $30.7k | $19.80 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $29.3k | $18.91 |
| − OpEx | −$8.8k | −$5.67 |
| NOI | $20.5k | $13.24 |
1,551 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$293.3K
$256.6K – $342.2K
NOI $20,530 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$271.8K
$237.8K – $317.1K
NOI $19,025 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$334.5K
$292.7K – $390.3K
NOI $23,418 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.138765
- Latitude
- 42.482071
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming multi-family home in Royal Oak near downtown and park.
Where is this duplex located?
The property is located at 909 Knowles Street Royal Oak, MI.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Two separate units each with their own utilities.; Backs up to Hudson Park, featuring a fenced yard and patio.; Walkable to downtown Royal Oak.
