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 2,088

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 2,088 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

60968067

Features
General
Heating Forced Air
Possession At Close
Status Active Active
Full Baths 2
Half Baths 1
Bathrooms 3
Year Built 1952
Subdivision Forest Heights MI
Water Heater Gas
Style Colonial
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 39600
Ownership Private
Municipality Royal Oak
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Royal Oak (63251)
Primary City Royal Oak
Virtual Tour https://youtu.be/55_BOlw2TQg
Directions East of Crooks Northside of 12 Mile Rd.
City Royal Oak
School District Royal Oak Neighborhood Schools
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 9 FOREST HEIGHTS SUB LOT 555
DOM 15
Postal Code 48073
Price Per Sq Ft Total AG 225.1
Public Remarks 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
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Interior
Basement Block Partially Finished
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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Exterior
Exterior Brick
Exterior Amenities Porch
Frontage 50
Lot Size Area 0.15
Lot Dimensions 50X134.43
Roads Paved Street
Waterfront Y/N No
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* Excluded Features
List By
Donna O'Neill

Listing Agent

Real Estate One Gpf

Broker

realtordonnaoneill@gmail.com

Email

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
759413 Elementary School
759716 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 2,088 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