Advertise
    Royal Oak, MI
    Triplex

    Royal Oak, MI Triplexes for Sale

    Notify Me
    List
    Map
    Madison Heights, MI Huntington Woods, MI Ferndale, MI Pleasant Ridge, MI Berkley, MI Hazel Park, MI Detroit, MI Clawson, MI
    Ranch-Style Triplex with Central Air
    Updated: Jul 28
    Ranch-Style Triplex with Central Air

    219 W 12 Mile Road, Royal Oak, MI 48073

    $499,900
    1,950 sqft 0.16 AC lot
    Fully leased three‑unit ranch‑style triplex
    Brick construction with central air and forced‑air heating
    0.16‑acre lot
    Two updated units with in‑unit washer and dryer, dishwashers, and newer furnaces
    Third unit includes a dishwasher and a newer water heater
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    219 W 12 Mile Road, Royal Oak, MI 48073

    View Property Analytics

    • Est. Cap Rate

      5.2%
      NOI ÷ price

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $369K
      Suggested

    • Property Type

      Single Family Residence
      Built 1957
    View Property Analytics
    Ranch-Style Triplex with Central Air
    Updated: Jul 29
    Ranch-Style Triplex with Central Air

    219 W 12 Mile Rd, Royal Oak, MI 48073

    $499,900
    Ranch‑style triplex built in 1957
    Fully leased with three units
    Two units with central air plus in‑unit washer and dryer
    Two units with dishwashers and newer furnaces
    Unit A lease through April 2027; Unit B through October 2026; Unit C through July 2027
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Royal Oak, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Religious Facility with Attached Parking
    Religious Facility with Attached Parking

    1330 E 7 Mile Road, Detroit, MI 48203

    Contact for pricing
    38,695 sqft

    Large auditorium, multiple offices, and three residential-style units with parking for 60 to 70 cars plus street parking.

    View details
    Renovated Brick Triplex With Balconies
    Renovated Brick Triplex With Balconies

    11323 Lumpkin St, Hamtramck, MI 48212

    Contact for pricing
    1,800 sqft

    1914 triplex with three fully occupied units, including renovated kitchens and hardwood floors, plus a two-car garage.

    View details
    Fully Renovated Triplex with Bonus Home
    Fully Renovated Triplex with Bonus Home

    2600 Zinow St, Hamtramck, MI 48212

    $350,000

    Three income-producing units with 2024 renovations, including two separate 2-bedroom apartments and a rear 1-bedroom rental.

    View details
    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    15786 Parkside St, Detroit, MI 48238

    $55,000

    Two 2-bedroom, 1-bath units plus a separate rear unit offer flexible living or rental income setups.

    View details

    Royal Oak, MI Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Royal Oak, MI on our real estate platform. These investment opportunities span a total of 1,950 square feet of properties for sale, with an estimated market value of $999,800.

    Sale prices for three-family homes in Royal Oak, MI average $499,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 13
    Triplexes 2

    Demographics Overview

    Population 58K
    Population Growth (5Y) -2.0%
    Median Household Income $95,277
    College Educated 58.7%

    High-Yield Neighborhoods for Investment

    Identify Royal Oak submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48073 $499.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.87%
    Property Tax per SF $28.84 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Royal Oak fall within the 25,000 to 50,000 square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Browse Triplexes for Sale Near Royal Oak, MI

    Popular Searches in Royal Oak, MI

    Popular Categories

    Most Searched ZIP Codes in Royal Oak, MI

    • 48073

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!