5858-5860 Niles Drive
Troy, MI, 48098 $ 599,900
Bedrooms2 Baths4.2 Sq 2,890 Monthly Estimate*
$ 3,788
for $599,900 with 2 bedrooms and 4 full baths, 2 half baths. This 2,890 square foot home was built in 1990 on a lot size of 0.24.
Investment opportunities like this rarely become available. Fully occupied and generating immediate rental income, this side-by-side duplex is located in one of Troy's most sought-after rental markets and offers the combination of location, cash flow, and quality that investors are always searching for. Each spacious unit features 3 bedrooms, 2.5 bathrooms, approximately 1,444 square feet, an attached one-car garage, private entrance, and in-unit laundry. Unit 5858 has been completely renovated from top to bottom with beautiful, modern finishes throughout, while the second unit is occupied by a long-term tenant, providing stable income from day one. Separate gas, electric, and water meters allow tenants to pay their own utilities, helping keep ownership simple and operating expenses down. Perfectly positioned within the award-winning West Troy School District and just minutes from Somerset Collection, Big Beaver Road, I-75, M-59, Corewell Health Beaumont Troy Hospital, Oakland Mall, top-rated restaurants, parks, and major employers, this is a location that continues to attract strong tenant demand year after year. With no HOA, no association fees, no rent control, and both units already leased, this is a rare opportunity to acquire a high-quality, income-producing asset in one of Oakland County's premier communities. Opportunities like this are few and far between.
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FeaturesGeneralSewer SeparateMeters SewerAtStreet
Heating ForcedAir NaturalGas
Cooling CentralAir SeparateMeters WindowUnits
Possession SubjectToTenantRights
Roof Asphalt
Garage Spaces 0.0
Architectural Style Colonial Duplex
Pool Features None
Construction Materials Brick
Pets Allowed Call
Year Built 1990
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 45000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name PLEASANT VIEW-TROY
Garage Y/N Y
Full Baths 4
Status Active
Directions S of Square Lake Rd and W of Livernois
City TroyCity_Oakland
Disclosures LegalRentalCertified NoRestrictions ProjectedIncome TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Troy
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area02203Troy
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 9460.0
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 Tenant
Tax Assessed Value 170240
Expected Active Date 2026-06-26
Legal Description T2N R11E SEC 9 PLEASANT VIEW SUB N 1.00 FT OF LOT 27 ALL OF LOT 28 LOT 29 EXC N 1.00 FT 11/23/88 FR 005 & 006
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ExteriorParking Features Garage OnStreet SharedDriveway
Water Source SeparateMeters
Foundation Details Slab
Spa N
Lot Dimensions 80X130
Lot Size Acres 0.24
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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InteriorBasement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2890.0
Half Baths 2
Laundry Features InUnit
Above Grade Finished Area Unit Type SquareFeet
Total Baths 6
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* Excluded FeaturesList ByTahmidur ChoudhuryListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,788
- Monthly Property Taxes
- $788
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Troy, MI
Average List Price $599,900
Percent of Sale Price 0%
About Troy, MI 83,514 Population
3% Since 2002
$ 88,798 Median Income
44 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
848717 Elementary School
848259 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/25/2026 | $599,900 | | Listed Price |