Tenant-Occupied Tudor
925 E 2nd Street Royal Oak, MI 48067
925 E 2nd Street, Royal Oak, MI, 48067
$459,000
For Sale
$459,000
MULTI_FAMILY - Colonial - Royal Oak, MI
Property Size1,868 SF
Lot Size0.15 Acres
Price / SF$245.72
Days on Market51
Property Features for 925 E 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bathroom 1, Bedroom 3
- Appliances
- Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Standard status
- Active
- APN
- 2522201018
- Size
- 1,868 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9930
Utilities
- Heating system
- Forced Air
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Colonial
Listing agency
Realteam Real Estate
(586) 580-8092
Listed by
Elena Filimon · License #6501396298
(248) 854-4735
Added: Jun 1 Updated: Jun 16 at 7:39PM Checked: Jul 21 at 1:06PM
MLS# 50209636
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Investment Insights
Based on property information with market context.
Built in the 1930s, this English Tudor-style duplex offers two separate, tenant-occupied units. Each unit is configured with 2 bedrooms and 1 bathroom. Interiors feature maintained hardwood floors, updated finishes, and abundant natural light that supports a bright, welcoming living environment. The property also includes a large private backyard surrounded by greenery, adding meaningful outdoor space for residents.
Located in Royal Oak, the home is described as being within walking distance to the entertainment and dining offered in Downtown Royal Oak. The address is 925 E 2nd Street in Oakland County, MI (48067).
This setup can fit both investors and owner-occupants looking to purchase a classic duplex with two currently leased units. With both units in place, the property provides an opportunity to own a maintained, two-family asset while retaining the option for an owner to live on-site, subject to the terms of the existing tenancies.
Located in Royal Oak, the home is described as being within walking distance to the entertainment and dining offered in Downtown Royal Oak. The address is 925 E 2nd Street in Oakland County, MI (48067).
This setup can fit both investors and owner-occupants looking to purchase a classic duplex with two currently leased units. With both units in place, the property provides an opportunity to own a maintained, two-family asset while retaining the option for an owner to live on-site, subject to the terms of the existing tenancies.
Key Highlights
- Two‑unit multifamily home with two separate 2‑bedroom, 1‑bath units
- Tenant‑occupied duplex: both units currently leased
- Built in 1930 with Colonial/English Tudor‑style architecture
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 | $37.0k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $35.3k | $18.91 |
| − OpEx | −$10.6k | −$5.67 |
| NOI | $24.7k | $13.24 |
1,868 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$353.2K
$309.1K – $412.1K
NOI $24,725 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$327.3K
$286.4K – $381.9K
NOI $22,913 @ 7.0% cap · market cap 4.99%
Theoretical Best
Specialty Retail
$402.9K
$352.6K – $470.1K
NOI $28,204 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased 2-bedroom units in a 1930s Tudor duplex with updated interiors and a large private backyard.
Where is this duplex located?
The property is located at 925 E 2nd Street Royal Oak, MI.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Two‑unit multifamily home with two separate 2‑bedroom, 1‑bath units; Tenant‑occupied duplex: both units currently leased; Built in 1930 with Colonial/English Tudor‑style architecture
