506 W 12 Mile Road Royal Oak, MI $ 470,000
506 W 12 Mile Road
$ 470,000
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506 W 12 Mile Road

Royal Oak, MI, 48073
$ 470,000
Baths2.1 Sq 2,388

Monthly Estimate*

$ 2,894

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Studio

Multi-Family Home for sale in Royal Oak, MI

for $470,000 with 2 full baths, 1 half bath. This 2,388 square foot home was built in 1952 on a lot size of 0.15.

Turn-Key Brick Duplex Near Downtown Royal Oak! Well-maintained and updated multi-family property offering two spacious units, each with 2 bedrooms and 1 full bath, generous living and dining areas, and strong rental appeal. Features include hardwood floors throughout, updated kitchens and all appliances included. Upper unit offers newer neutral carpet and a private deck; lower unit includes an enclosed Florida room (not included in square footage). Major updates provide peace of mind: new roof (2019, full tear-off with lifetime warranty), newer energy-efficient windows, and new concrete driveway. Property offers separate utilities including two furnaces, two central A/C units, two hot water heaters, and separate washers and dryers. Additional highlights include a two-car garage with extra parking pad, fenced yard, large private basement storage areas, and owned security system. Excellent opportunity for owner-occupants or investors seeking a low-maintenance asset in a prime, high-demand Royal Oak location close to downtown amenities. Lease income projected.

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Multi-Family Active

Price

$ 470,000

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 8,414

Style

Colonial

Lot Size

0.15

Year Built

1952

Town/City

Royal Oak

County/Region

Oakland

MLS | Web ID

20261006323

Features
General
Sewer SewerAtStreet
Heating ForcedAir NaturalGas
Utilities AboveGroundUtilities
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Colonial
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1952
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 39600.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FOREST HEIGHTS
Garage Y/N Y
Full Baths 2
Status Active
Directions East of Crooks Northside of 12 Mile Rd.
City RoyalOakCharterTownship_Oakland
Disclosures ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District RoyalOak
Zoning Description MultiFamily
Number Of Units Total 2
MLS Area Area02251RoyalOak
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 8414.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 150270
Expected Active Date 2026-02-05
Legal Description T1N R11E SEC 9 FOREST HEIGHTS SUB LOT 555
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Interior
Basement PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2088.0
Half Baths 1
Below Grade Finished Area 300.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Parking Features Garage
Water Source Other
Total Parking 2.0
Foundation Details Basement Block
Spa N
Lot Dimensions 50X134.43
Lot Size Acres 0.15
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 506
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* Excluded Features
List By
Donna O'Neill

Listing Agent

Real Estate One Gpf

Broker

(313) 881-5266

Phone

Affordability Calculator

$3,595
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,894
Monthly Property Taxes
$701
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909464 Elementary School
4909769 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/5/2026$470,000 Listed Price

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506 W 12 Mile Road, Royal Oak, MI, 48073 is a Multi-Family Home for sale at $470,000 with 2,388 sqft and a lot size of 0.15. 506 W 12 Mile Road is a studio with 2.1 baths and was built in 1952. The property's zip code is 48073 which is in Royal Oak, MI