1027 E 5TH Street
Royal Oak, MI, 48067 $ 449,888
Baths2.0 Sq 1,250 Monthly Estimate*
$ 2,841
Studio for $449,888 with 2 full baths. This 1,250 square foot home was built in 1925 on a lot size of 0.12.
Opportunities like this don't come around often! This charming Arts & Crafts-style duplex is just a short walk from vibrant downtown Royal Oak, offering the perfect blend of character, updates, and investment potential. Whether you're looking to owner-occupy while generating rental income or expand your investment portfolio, this property is a fantastic opportunity. The spacious lower unit features timeless charm with hardwood floors, a natural fireplace, stunning arched doorways, original woodwork and doors, and a large enclosed front porch. Offering 2 bedrooms and 1 full bath, this unit also includes one garage space, private washer and dryer in the shared basement, and dedicated storage. The updated upper unit offers 1 bedroom and 1 full bath with hardwood floors, a beautifully remodeled kitchen featuring granite countertops, custom cabinetry, stainless steel appliances, and high-end fixtures. The updated bathroom includes a tiled shower and vanity with additional storage. This unit also has assigned parking, private washer and dryer in the shared basement, and dedicated storage. Major updates include new siding (2023), roof (2006), back porch and balcony (2011), and lower unit tub surround (2010). Located just minutes from downtown Royal Oak's restaurants, shopping, entertainment, parks, and major freeways, this well-maintained duplex offers strong rental appeal in one of Metro Detroit's most sought-after communities.
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FeaturesGeneralHeating Forced Air
Cooling Central A/C
Possession Negotiable (Possession)
Water Public Water
Status Active Coming Soon
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1925
Subdivision FOURTH AVENUE SUB MI
Water Heater Gas
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 0
Ownership Private
Municipality Royal Oak
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 4
Structure Style 1 Story
Area Royal Oak (63251)
Primary City Royal Oak
Directions North of 696 East of Main
City Royal Oak
School District Royal Oak Neighborhood Schools
Financial Terms Cash Conventional FHA VA
Legal Description T1N R11E SEC 22 FOURTH AVENUE SUB LOT 27
DOM 0
Postal Code 48067
Price Per Sq Ft Total AG 359.91
Public Remarks Opportunities like this don't come around often! This charming Arts & Crafts-style duplex is just a short walk from vibrant downtown Royal Oak offering the perfect blend of character updates
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InteriorBasement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
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ExteriorExterior Brick Vinyl Siding
Exterior Amenities Porch Exterior Balcony
Frontage 49
Lot Size Area 0.12
Lot Dimensions 49.83X105
Roads Paved Street
Waterfront Y/N No
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* Excluded FeaturesList ByJosh@SoldCallJosh.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,841
- Monthly Property Taxes
- $685
- 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 Royal Oak, MI
Average List Price $493,185
Percent of Sale Price 10%
About Royal Oak, MI 58,569 Population
-2% Since 2002
$ 69,342 Median Income
40.15 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
759413 Elementary School
759716 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/6/2026 | $449,888 | | Listed Price |