For Sale50d on market
506 W Twelve Mile Rd
Royal Oak, MI, 48073 • 48073 • Oakland County
$470,000
$197/sqft
Down payment assistance available
4Beds
2Baths
2,388Sqft
0.15 acLot
1952Built
Property DNA
Colonial Style
Built 1952 · 74 years of history
FOREST HEIGHTS
48073
Outdoor Living
Porch
Garage
Garage
This home is getting attention
Listed 50 days ago · 913 views · 26 saves
Market activity
Demand and pricing signals for this listing
913 views
People checking out this listing
26 saves
Buyers have saved this home
50 days on market
Established listing
$197/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 29% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1952
Turn-Key Brick Duplex Near Downtown Royal Oak! Well-maintained and updated multi-family property offering two spacious units, each with 2 bedrooms and 1 full bath, generous living and dining areas, and strong rental appeal. Features include hardwood floors throughout, updated kitchens and all appliances included. Upper unit offers newer neutral carpet and a private deck; lower unit includes an enclosed Florida room (not included in square footage). Major updates provide peace of mind: new roof (2019, full tear-off with lifetime warranty), newer energy-efficient windows, and new concrete driveway. Property offers separate utilities including two furnaces, two central A/C units, two hot water heaters, and separate washers and dryers. Additional highlights include a two-car garage with extra parking pad, fenced yard, large private basement storage areas, and owned security system. Excellent opportunity for owner-occupants or investors seeking a low-maintenance asset in a prime, high-demand Royal Oak location close to downtown amenities. Lease income projected.
Standout features identified
Our analysis highlights fenced yard, hardwood floors throughout, and newer energy-efficient windows as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,972/month
Principal & Interest$2,346
Property Tax$470
Insurance$157
Down payment20% ($94,000)
3%50%
Est. 6.38% rate · 30yr fixed · $376,000 loan
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At a glance
Key facts and listing details
TypeMulti Family
Year Built1952
HeatingForced Air, Natural Gas
Parking2 Garage spaces
Days on Zillow50 Days
Price/sqft$197
Property
Home typeMulti Family
Sub-typeMulti Family
StyleColonial
Year built1952
Stories2
Systems
HeatingForced Air, Natural Gas
RoofAsphalt
ConstructionBrick
Water / SewerOther / Sewer At Street
Parking & Outdoor
ParkingGarage
BasementPartially Finished
Lot6,534 sqft
Location & Tax
Neighborhood48073
Annual tax$8,414
Parcel2509457014
Bathrooms & Fees
Full baths2
Features & details
6 categories of property features
Interior Features
Heating
Forced Air
Natural Gas
Exterior Features
Parking
Garage
Construction
Brick
Patio & Porch
Porch
Pool Features
None
Utilities
Above Ground Utilities
Listing insights
Market data and value estimates
StatusFor Sale
Days on market50
Est. value$458,900
Est. rent$2,057/mo
Tax rate1.34%
Price/sqft$197
On marketFeb 5, 2026
PostedFeb 5, 2026
Last sold$335,000
MLS updatedFeb 20, 2026
Tour days9
Views913
Favorites26
How are the schools in Royal Oak?
3 schools rated nearby
Location
Royal Oak, MI, 48073
Price history
12 events
DateEventPrice$/sqftSource
Feb 5, 2026Listed For Sale$470,000$197Realcomp II
Aug 22, 2023Listing Removed——Zillow Rentals
Jul 24, 2023Listed For Rent$1,500$1Zillow Rentals
May 11, 2023Listing Removed——Zillow Rentals
May 1, 2023Listed For Rent$1,500$1Zillow Rentals
Apr 1, 2021Sold$335,000$140Public Record
Jul 30, 2020Listing Removed$390,000$163Max Broock
Jul 29, 2020Listed For Sale$390,000$163Max Broock
Dec 23, 2011Sold$140,000$59Public Record
Sep 24, 2011Price Change$155,000$65Northville Business Center
Jul 21, 2011Price Change$165,000$69Keller Williams Farmington Hills
May 13, 2011Listed For Sale$170,000$71Keller Williams Farmington Hills
Listed For Sale$470,000
Feb 5, 2026•$197/sqft•Realcomp II
Listing Removed—
Aug 22, 2023•Zillow Rentals
Listed For Rent$1,500
Jul 24, 2023•$1/sqft•Zillow Rentals
Listing Removed—
May 11, 2023•Zillow Rentals
Listed For Rent$1,500
May 1, 2023•$1/sqft•Zillow Rentals
Sold$335,000
Apr 1, 2021•$140/sqft•Public Record
Listing Removed$390,000
Jul 30, 2020•$163/sqft•Max Broock
Listed For Sale$390,000
Jul 29, 2020•$163/sqft•Max Broock
Sold$140,000
Dec 23, 2011•$59/sqft•Public Record
Price Change$155,000
Sep 24, 2011•$65/sqft•Northville Business Center
Price Change$165,000
Jul 21, 2011•$69/sqft•Keller Williams Farmington Hills
Listed For Sale$170,000
May 13, 2011•$71/sqft•Keller Williams Farmington Hills
Nearby homes
Neighborhood details
Local context around this listing
Royal Oak, MI • Oakland County
Nearby cities
Bloomfield HillsFarmington HillsNoviPontiacRochester HillsRoyal OakSouthfieldTroy
Nearby zip codes
480674806848073
Similar homes
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