203 Catalpa Drive
RoyalOak, MI 48067
- – beds
- 3 baths
- 1,380 sqft
- 4,356 sqft lot
- $188 per sqft
- 1910 build
- – on site
More homes
This multi-family home within actual walking distance to downtown Royal Oak could be one of the best investment opportunities for you. This building has 3 income-producing units - 2 studios on the second floor both rented by long terms tenants and a one bedroom on the main floor that rents for $60/night on Airbnb. You could buy this property and create cash flow immediately. Apt 1, the one bedroom unit, is ready to go and fully-furnished for an additional cost. This could rent for over $1,200/month as is. Apt 2, the studio facing Catalpa, does not have a full kitchen but has been rented by the same tenant for decades. Apt 3, the studio at the back, has a large, updated bathroom and small but full kitchen. With some updating, the studios could easily rent out about $900/month. Another great option is to convert the second floor units into one 2 bed/2 bath unit, which could rent out around $2,000/month. Updated two unit homes sell for upwards of $400,000. Talk about options!
Last checked:
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Last updated Apr 16, 2025
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MLS# 2200088758 —
The Building
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Year Built:1910
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Construction Materials:AluminumSiding, VinylSiding
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Architectural Style:Colonial
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Roof:Asphalt
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Levels:Two
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Basement:InteriorEntry, Unfinished
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Basement:true
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Foundation Details:Basement, Block
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Patio And Porch Features:Covered, Porch
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Above Grade Finished Area:1380.0
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Below Grade Total Area:612
Interior
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Laundry Features:LaundryRoom
Room Dimensions
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Living Area:1380.0
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Living Area Units:SquareFeet
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Living Area Source:PublicRecords
Location
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Directions:From Main St, West on Catalpa Dr, first house on South side of street, park on Center St.
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Cross Street:N of 11 Mile/W of Main
The Property
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Parcel Number:2516427008
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Property Type:ResidentialIncome
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Property Subtype:MultiFamily
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Lot Size Acres:0.1
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Lot Size Area:0.1
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Lot Size Dimensions:45.00X102.00
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Lot Size Units:Acres
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Zoning Description:Multi-Family
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Road Frontage Feet:45
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Road Frontage Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (248) 548-9100
- Office phone:
- (248) 548-9100
Taxes
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Tax Legal Description:T1N, R11E, SEC 16 ELOISE PARK SUB LOT 11 EXC S 50 FT
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Tax Assessed Value:71150
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Tax Annual Amount:4055.0
Baths
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Total Baths:3
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Full Baths:3
The Listing
Heating & Cooling
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Heating:ForcedAir, NaturalGas
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Heating:true
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Cooling:WindowUnits
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Cooling:true
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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High School District:RoyalOak
The Community
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Subdivision Name:ELOISE PARK SUB
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Pool Features:None
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Waterfront:false
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Pets Allowed:CatsOK
Parking
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Parking Features:Garage, OnStreet, Unassigned
IDX provided courtesy of Realcomp II Ltd., via Estately and Realcomp II Ltd, © 2025 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2025 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/18/20
Dec 18, 2020
|
Sold | REALCOMP | $260,000 |
