Tudor Duplex with
For Sale
$449,000
925 E 2nd St, Royal Oak, MI 48067
Two leased residential units combine classic architectural details with private enclosed sunrooms and future owner-occupant flexibility.
Property Size1,868 SF
Price / SF$240.36
Days on Market53
Property Features for 925 E 2nd St
General Information
Standard status
Active
Size
1,868 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
sunroom
fireplace
stained-glass windows
private backyard
Building Details
Year Built
1930
Buildings
1
Construction
English Tudor-style
Tenancy
Multi
Listing Agency:
Five Star Real Estate - Mitchell St Cadillac
(231) 842-1200
Listed By:
Oak & Stone Real Estate
(248) 266-0584
Source:
Oakandstonerealestate
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 16 at 8:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Real Estate - Mitchell St Cadillac
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,868-square-foot duplex contains two separate 2-bedroom, 1-bath units. Each residence includes a private enclosed sunroom, while interior features include hardwood flooring, distinctive fireplaces, stained-glass windows, and abundant natural light. The property’s Tudor design and maintained interiors provide character across both units.
Both apartments are currently leased, with the upper unit scheduled to become available for owner occupancy or a new lease beginning September 1, 2026. Outdoor improvements include a large private backyard bordered by mature greenery. The property is located moments from Downtown Royal Oak dining, entertainment, and shopping, with a walkable setting near downtown amenities.
Both apartments are currently leased, with the upper unit scheduled to become available for owner occupancy or a new lease beginning September 1, 2026. Outdoor improvements include a large private backyard bordered by mature greenery. The property is located moments from Downtown Royal Oak dining, entertainment, and shopping, with a walkable setting near downtown amenities.
Key Highlights
- Two 2‑bedroom, 1‑bath units within a 1,868‑square‑foot duplex
- Built in 1930 with English Tudor architectural character
- Private enclosed sunroom attached to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,725
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,500
$494.5K
Cap Rate 7%
$353,214
$353.2K
Cap Rate 9%
$274,722
$274.7K
Market Conditions
NOI Build-Up for 1,868 SF
Gross rent
$37.0K $19.80/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$35.3K $18.91/SF
− OpEx
−$10.6K −$5.67/SF
NOI
$24.7K $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%
$494,500
Cap Rate 7%
$353,214
Cap Rate 9%
$274,722
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,913 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$402.9K
$352.6K – $470.1K
NOI $28,204 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,010
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 - Two leased residential units combine classic architectural details with private enclosed sunrooms and future owner-occupant flexibility.
Where is this duplex located?
The property is located at 925 E 2nd St Royal Oak, MI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units within a 1,868‑square‑foot duplex; Built in 1930 with English Tudor architectural character; Private enclosed sunroom attached to each unit
