1027 E 5TH Street
Royal Oak, MI, 48067 $ 449,888
Bedrooms3 Baths2.0 Sq 1,250 Monthly Estimate*
$ 2,841
for $449,888 with 3 bedrooms and 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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FeaturesGeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession Negotiable
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Enclosed Porch
Architectural Style Duplex
Pool Features None
Security Features SmokeDetectors
Construction Materials Brick VinylSiding
Pets Allowed Yes
Year Built 1925
Levels One
Property Subtype MultiFamily
Community Features Sidewalks
County Oakland
Net Operating Income 0.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FOURTH AVENUE SUB
Garage Y/N Y
Rent Includes SnowRemoval YardMaintenance
Full Baths 2
Status Active
Directions North of 696 East of Main
City RoyalOakCity_Oakland
Disclosures ProjectedIncome Restrictions 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 1
Land Lease Y/N N
Tax Annual Amount 8224.0
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 148240
Expected Active Date 2026-08-08
Legal Description T1N R11E SEC 22 FOURTH AVENUE SUB LOT 27
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InteriorBasement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1250.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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ExteriorExterior Amenities Balcony
Parking Features Garage
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 49.83X105
Lot Size Acres 0.12
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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* Excluded FeaturesAffordability 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 $492,484
Percent of Sale Price 9%
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.
4909464 Elementary School
4909769 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/6/2026 | $449,888 | | Listed Price |