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Sold for $492,000
  • $492,000

    219 W Twelve Mile Rd, Royal Oak, MI 48073

    3beds
    1,950sqft
    Multi Family
    Built in 1957
    -- sqft lot
    $487,700 Zestimate®
    $252/sqft
    $2,175 Estimated rent

    Home value

    $487,700

    $463,000 - $512,000

    $2,175/mo

    Zestimate® history
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    What's special

    Investment Opportunity – Fully Leased Ranch-Style Triplex in Prime Royal Oak Location...Excellent opportunity to own a well-maintained, income-producing three-unit ranch-style triplex in the heart of Royal Oak. This property is fully occupied with stable tenants and generates $3,900 per month in rental income, offering immediate cash flow with upside potential through future rent increases...The property features two beautifully updated units with central air conditioning, in-unit washer and dryer, dishwashers, and newer furnaces, providing modern conveniences that attract and retain quality tenants. The third unit offers a functional layout with a dishwasher and newer water heater. Ranch-style living is highly desirable, with all units offering single-level convenience and low-maintenance living. Current rental breakdown: Unit A: $900/month (lease through April 2027) Unit B: $1,500/month (lease through October 2026) Unit C: $1,500/month (lease through July 2027) Located just minutes from downtown Royal Oak, shopping, restaurants, parks, and major freeways, this property combines a strong location with reliable income. Whether you're looking to expand your investment portfolio or complete a 1031 exchange, this turnkey triplex is an outstanding opportunity in one of Metro Detroit's most desirable rental markets. Start generating income from day one.

    Zillow last checked:

    Listing updated:

    Listed by:

    Hassan Scheib 313-395-0000,

    Own It Realty,

    Sonny Bertoni 313-770-9997,

    Own It Realty

    Bought with:

    Ali I Khalil, 6501301258

    RE/MAX Team 2000

    Source: Realcomp II,MLS#: 20261056965MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 6
    • Full bathrooms: 3
    • 1/2 bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Features
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,950 sqft
    • Finished area above ground: 1,950

    Property

    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Lot
    • Size: 6,969 Square Feet
    • Dimensions: 46.51 x 148.1
    Details
    • Parcel number: 2516227004
    • Zoning description: MultiFamily
    • Special conditions: Short Sale No,Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: BECKS
    Location
    • Region: Royal Oak

    Financial & listing details

    • Price per square foot: $252/sqft
    • Tax assessed value: $145,490
    • Annual tax amount: $8,071
    • Date on market: 7/28/2026
    • Cumulative days on market: 15 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,Va Loan

    Price history

    DateEventPrice
    8/17/2026Sold$492,000-1.6%$252/sqft
    Source: Realcomp II #20261056965 Report a problem
    8/17/2026Pending sale$499,900$256/sqft
    Source: Realcomp II #20261056965 Report a problem
    7/28/2026Listed for sale$499,900+39.6%$256/sqft
    Source: Realcomp II #20261056965 Report a problem
    8/10/2023Sold$358,000+868.3%$184/sqft
    Source: Public Record Report a problem
    4/21/2023Listing removed--
    Source: Zillow Rentals Report a problem
    3/23/2023Price change$850-10.5%
    Source: Zillow Rentals Report a problem
    11/10/2022Listed for rent$950
    Source: Zillow Rental Manager Report a problem
    1/16/2003Sold$36,972$19/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $153,800 +9%
    2024-- $141,120 +5.8%
    2023-- $133,330 +6%
    2022-- $125,840 +6.7%
    2021-- $117,970 +6.5%
    2020-- $110,820 +3%
    2019-- $107,610 +10.7%
    2018-- $97,220
    2017-- $97,220 +10.3%
    2015-- $88,180 +16.4%
    2014-- $75,760 -9.6%
    2011-- $83,760 -4.4%
    2010$3,111 -0.3%$87,610 -11.7%
    2009$3,119 +30.4%$99,190 -34.2%
    2005$2,391 $150,720 +69.7%
    2003-- $88,790 +5.2%
    2002-- $84,420 +73.7%
    2001$2,353 +2.7%$48,610 +3.2%
    2000$2,292 $47,110
    Find assessor info on the county website

    Neighborhood: 48073

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $487,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $487,700