326 Rhode Island Avenue

About this home

What a wonderful opportunity in the heart of downtown Royal Oak! This charming two-story Cape Cod offers an abundance of space, versatility, and potential. Located in a quaint residential neighborhood with a park directly across the street, this long-time owner-occupied home is just minutes from all that downtown Royal Oak has to offer. The home features two separate living areas, each offering its own living room, kitchen, two bedrooms, and ceramic tile full bathroom. The first-floor living area features beautiful hardwood floors and an updated kitchen, while the second-floor livingalso has beautiful hardwood floorsand this area provides additional space and privacy, making this property ideal for multigenerational living, extended family, or potential two-family use. Additional features include a full basement, two-car garage, and a beautiful backyard. Originally designed as a two-family home, the property includes two separate electrical panels, providing added flexibility for its next owner. Recent updates include a newer furnace and a new roof installed in 2025. Whether you are looking for a spacious home with separate living quarters or the opportunity to explore its original two-family design, this property offers a unique opportunity in a desirable Royal Oak location!

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 $450,000, or $275 per square foot, 35% above the city median, and has been on the market 13 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 $4,074 a year. A buyer who lives here would pay about $4,074 to $8,627 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

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