903 E 3rd Street E

About this home

LOCATION! LOCATION! LOCATION! Rare opportunity to own a classic Tudor duplex on a prominent corner lot just a 7-minute walk to Downtown Royal Oak's vibrant Main Street district. *** Lower unit is now vacant so it is a perfect opportunity for owner occupant to live in one unit and rent the other which is already occupied by a long term tenant. Surrounded by mature trees and showcasing timeless brick Tudor architecture, this unique property features two spacious units, each offering 2 bedrooms, 1 full bath, a formal dining room, living room, and kitchen. The nearly identical floorplans provide excellent flexibility for investors and future owner-occupants alike. Current month-to-month tenant provide immediate rental income while preserving future flexibility. Property features separate electrical service, separate central air conditioning systems, vinyl windows, a shared basement with dedicated laundry for each unit, and a detached two-car garage. Enjoy the convenience of being just a short walk from Downtown Royal Oak's acclaimed restaurants, shopping, entertainment, nightlife, farmers market, and year-round community events. Duplexes offering this combination of character, location, and long-term upside rarely become available. Whether you're seeking a strong investment opportunity, a future owner-occupancy option, or a premier addition to your real estate portfolio, 903 E. 3rd Street delivers location, charm, and exceptional potential in one of Metro Detroit's most desirable neighborhoods.

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 $471,900, or $171 per square foot, 16% below the city median, and has been on the market 129 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 $6,060 a year. A buyer who lives here would pay about $4,188 to $9,046 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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