2041 N Main Street
Royal Oak, MI 48073
Multi Family · MLS # 20261031385 · Listing courtesy of ERA Prime Real Estate Group
About this home
Phenomenal opportunity to own a meticulously maintained multi-family property in the heart of Royal Oak! This turnkey gem perfectly blends contemporary updates with timeless original charm in every unit, ensuring high tenant appeal and long-term value. Investors and owner-occupants will appreciate the significant capital improvements already completed, including a whole-building rewiring with each unit individually metered to simplify utility management. The property also boasts newer roofs on both the main building and the detached garage, a reliable boiler system installed in 2013, and newer energy-efficient windows throughout. A standout feature of this property is the expansive basement, which offers a dedicated section ready to be finished into a professional home office or creative studio—complete with its own private exterior entrance. This rare "X-factor" provides incredible versatility for a remote worker or the potential for additional utility. Each unit also has private storage and laundry room. Whether you're looking to expand your investment portfolio or "house-hack" in one of Metro Detroit’s most vibrant and walkable communities, this property stands out as a rare find where all the heavy lifting has already been done. Schedule your showing today and secure this mechanically sound and aesthetically stunning investment!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Royal Oak
Over the last 90 days, 258 homes sold in Royal Oak for a median of $350,000, about $204 per square foot, and the typical one went under contract in 12 days. This home is listed at $1,399,000, or $305 per square foot, 50% above the city median, and has been on the market 157 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Royal Oak sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $9,204 a year. A buyer who lives here would pay about $6,386 to $26,819 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.96 mills for Royal Oak City and Royal Oak schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Royal Oak
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 8:18 PM.