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307 S Laurel Street

Royal Oak, Michigan 48067
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Bed 5

Bed

Bath 3

Bath

SqFt1,244

Sqft

Acres0.08

Acre(Lot)

Charming 3 Unit Income Producing Multifamily in the Heart of Royal Oak! Discover a fantastic investment opportunity just blocks from downtown Royal Oak! This charming Craftsman-style multi family home offers timeless character, generous living space, & excellent income-producing potential w/ 3 separate units, each featuring its own private entrance & appliances. The main-floor unit welcomes you w/ a spacious, light-filled living area showcasing beautiful hardwood floors & abundant natural light. The kitchen features ceramic flooring, ample cabinetry & counter space, a convenient eat-in area. The main level has washer/dryer hookup. Two generously sized bedrooms provide plenty of closet space, while the updated bathroom features a new vanity, toilet, fixtures, & refreshed shower tile. The se cond-floor unit offers 2 bedrooms w/ deep closets & additional storage, along with a comfortable kitchen featuring an eat-in area & a stackable washer/dryer. The updated bathroom includes a new vanity, flooring, & refreshed shower area.The lower-level unit is a cozy studio with an open-concept kitchen and living area, a full bathroom with stand-up shower, and its own washer and dryer. A split heating/cooling system provides added comfort.Recent improvements include two new furnaces & A/C systems serving the first and second-floor units, along with new electrical panels, offering added peace of mind for the next owner. Outside, enjoy a classic covered front porch, a quiet residential setting, private entrances for all three units, rear parking, and additional street parking. With its desirable location near downtown Royal Oak, shopping, restaurants, entertainment, and major commuter routes, this property offers an excellent opportunity for an investor seeking multiple income streams or an owner-occupant looking to offset their mortgage with rental income.Three units. Multiple income opportunities. Prime Royal Oak location. Classic charm with important updates already completed.

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Detail Ic Property Details

Property Type : Multifamily

Price : $389,900

AD Id : 90895090

MLS Id : 20261064729

Beds : 5

Lot Size : 0.08 Acre

Living Area Size : 1,244

Tax Amount : 5525.00

Year Built : 1917

County : Oakland

Subdivision: Meadow Park Add

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Feature Features

  • Bathroom Information

    Total Baths: 3 Full Baths: 3
  • Room Information

    Porches: Porch

    Interior Features

    Circuit Breakers Roof: Asphalt Basement Description: Finished
  • Heating & Cooling

    Cooling: Central Air Heating: Forced Air Heating Fuel: Natural Gas

    Water Heater

    Natural Gas

  • Building Information

    Year Built: 1917 Building Stories: 2 Story Total Units: 3 Roof: Asphalt Foundation/Basement: Basement Architecture: Bungalow,Craftsman
  • Exterior Features

    Construction: Wood
  • Utility Features

    Sewer: Sewer (Sewer-Sanitary)
  • Water

    Public (Municipal) Water Heat: Natural Gas

  • Lot Information

    Lot Size: 0.08 Lot Dimensions: 30X110 Frontage Feet: 30
  • Property Information

    SQ ft: 1244 Subdivision: Meadow Park Add Financing: Cash,Conventional

  • Listing Price Information

    Original List Price: $389,900
  • Listing Information

    Possession: At Close Legal Description: T1N, R11E, SEC 21 MEADOW PARK ADD LOT 169

  • Tax Information

    Annual Tax: $5,525 Parcel Number: 2521209002
  • Possession

    At Close
  • Legal Information

    Legal Description: Section: T1N, R11E, SEC 21 MEADOW PARK ADD LOT 169

  • Multi-Unit Information

    Road Frontage: Paved,Pub. Sidewalk
  • Unit 1 Information

    # of Bedrooms: 1
  • Unit 2 Information

    # of Bedrooms: 2

  • School Information

    School District: Royal Oak
  • Utility Information

    Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
306 N Kenwood Avenue , Royal Oak, MI, 48067 $295,000 3 2 1,396 0.14 Acre
903 E 3rd Street E E, Royal Oak, MI, 48067 $479,900 4 2 1,830 0.10 Acre
401 Pingree Boulevard , Royal Oak, MI, 48067 $309,900 4 2 1,401 0.15 Acre
907 E Fifth Street , Royal Oak, MI, 48067 $525,000 5 -- -- 0.12 Acre
417 W Lincoln Avenue , Royal Oak, MI, 48067 $580,000 4 3 2,156 0.18 Acre
511 Woodcrest Drive , Royal Oak, MI, 48067 $350,000 3 2 1,508 0.13 Acre
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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 09/05/2026 @ 15:45

MLS: 20261064729 LISTED BY: Jennifer Arnold , Real Estate One-Clinton Twp 586-783-7888 SOURCE: Realcomp II Ltd

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