Buying In Royal Oak, MI
Sell Your Commercial Property In Royal Oak, MI
Own a commercial apartment building of five or more units in Royal Oak? We purchase multifamily properties around Ferndale, Berkley, and the rest of Oakland County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Ferndale · Berkley · Clawson · Birmingham — Oakland County, MI
The Royal Oak Market
What Drives Rentals In Royal Oak
Royal Oak, Michigan is an Oakland County city of 57,950 residents, ACS 2020–2024, whose downtown entertainment district lines Woodward Avenue near I-75 and I-696. Renters hold 32.0% of Royal Oak's 29,110 occupied homes, and 82.4% of its housing predates 1980, far above Oakland County's older-stock share. Corewell Health William Beaumont University Hospital, a 1,101-bed academic center, anchors local healthcare jobs. Owners who plan to sell commercial property in Royal Oak, MI should start with this renter-heavy, older-housing market near Detroit.
Corewell Beaumont Hospital
Corewell Health William Beaumont University Hospital in Royal Oak is a 1,101-bed academic center, per Beaumont.org.Woodward Ave downtown
Downtown Royal Oak's Woodward Avenue district holds hundreds of restaurants and shops, per the Downtown Royal Oak DDA.I-75/I-696 access
I-75 forms Royal Oak's east border and I-696 its south border, giving highway access toward Detroit, Troy and Southfield.Our Buy Box
What We Buy In Royal Oak
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Royal Oak Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Royal Oak
Renters hold 32.0% of Royal Oak's 29,110 occupied homes, or 9,319 households, ACS 2020–2024, above Oakland County's 27.3% renter share. Royal Oak's housing stock is older than the county's: 82.4% of its 31,130 units predate 1980, median year built 1956, and 23.2% sit in buildings of five or more units, above Oakland County's 18.4% share.
Rents and affordability in Royal Oak
Royal Oak's median gross rent is $1,381 a month, ACS 2020–2024, above Oakland County's $1,376 and above Michigan's $1,129 statewide median. Median household income is $101,109, above the county's $97,760, yet 32.4% of renters still pay 30% or more of income on housing. Owners weighing whether to sell commercial property in Royal Oak, MI should compare these figures against HUD's fair market rents below.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,047 |
| 1 bedroom | $1,167 |
| 2 bedroom | $1,459 |
| 3 bedroom | $1,777 |
| 4 bedroom | $1,929 |
Property taxes in Oakland County
Royal Oak's combined 2025 non-homestead rate is 51.306 mills in the Royal Oak school district, 45.8630 summer plus 5.4430 winter, per the city's own tax schedules. MCL 211.27a uncaps taxable value to 50% of true cash value at a sale, so a $2,000,000 Royal Oak apartment sale lands near a $1,000,000 taxable value and about $51,306 a year in tax. State and county transfer tax run $4.30 per $500, about $17,200 on that sale, worth modeling before anyone decides to sell commercial real estate in Royal Oak, MI.
Landlord rules in Royal Oak
Michigan caps security deposits at 1.5 times monthly rent under MCL 554.602, and landlords must return deposits or itemize damages within 30 days under MCL 554.609. Nonpayment notices need 7 days under MCL 554.134, and month-to-month tenancies end on one month's notice under the same law. State law bars local rent control under MCL 123.411, so Royal Oak sets no rent caps of its own.
What this means for a Royal Oak owner
Royal Oak pairs Corewell Health William Beaumont University Hospital, a 1,101-bed academic center, with a downtown entertainment district along Woodward Avenue, giving the city a healthcare-and-hospitality base unlike most Oakland County suburbs. I-75 and I-696 give owners highway access toward Troy and Southfield. An owner ready to sell commercial property in Royal Oak, MI should price the 51.306-mill tax reset before they sell your apartment building in Royal Oak. Our cap rate calculator and seller page explain how we underwrite Royal Oak buildings.
Seller Notes
Royal Oak Seller Checklist
More about selling in Michigan →Investing in Royal Oak? See apartment syndications in Royal Oak →
- Royal Oak's 2025 non-homestead rate is 51.306 mills combined, per the city's own tax schedules.
- Michigan law preempts rent control, so Royal Oak leases follow statewide landlord-tenant statutes.
- Owners should model the tax reset before they sell commercial real estate in Royal Oak, MI.
Seller Guides
Selling In Royal Oak? Common Situations We Handle
Learn More
Taxes & Rules For Royal Oak Property
The Michigan rules that shape any deal in Royal Oak: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Royal Oak Seller FAQ
Is now a good time to sell commercial property in Royal Oak, MI?
Royal Oak's 32.0% renter share and $1,381 median gross rent, ACS 2020-2024, point to steady renter demand, and Corewell Health's Beaumont hospital anchors local jobs. Owners weighing whether to sell multifamily property in Royal Oak should price the tax reset first.
What should I know before I sell commercial real estate in Royal Oak, MI?
Royal Oak's 82.4% share of pre-1980 housing sits well above Oakland County's older-stock baseline, and the city's 51.306-mill rate resets at closing under MCL 211.27a. Our cap rate calculator and seller page model both before a listing.
What is the average rent in Royal Oak, Michigan?
Census ACS 2020-2024 estimates put Royal Oak's median gross rent at $1,381 a month, above Michigan's $1,129 statewide median. HUD's FY2027 fair market rents here run from $1,047 for an efficiency to $1,459 for a two-bedroom unit.
What is the property tax rate on apartment buildings in Royal Oak, MI?
Royal Oak's 2025 non-homestead rate is 51.306 mills in the Royal Oak school district. Taxable value resets to 50% of true cash value at a sale, so a $2,000,000 building would owe about $51,306 a year in property tax.
Does Royal Oak, Michigan have rent control?
No. Under Michigan's MCL 123.411, local governments cannot enact rent control. Royal Oak leases, deposits and eviction notices instead follow statewide landlord-tenant law, worth knowing before selling commercial property in Royal Oak changes hands for an owner.
Will you buy a Royal Oak property that needs work or has high vacancy?
Yes. We regularly evaluate value-add, mismanaged, and distressed multifamily properties and underwrite them as they are today — no repairs or lease-up required before selling.
How does a sale to you work in Oakland County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in Royal Oak with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
How fast can I sell my apartment building in Royal Oak?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Selling A Building In Royal Oak?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
