$5,047 Closing Credit¹
#20240070549, Jim Shaffer, Listing Office: Good Company
$450,000 List price
1125 S Lafayette Ave Royal Oak, MI 48067
$5,344
Closing credit¹
2 full
1,342 sqft
0.1 acres
$335 / sqft
Multi-Family
Property details
About 1125 S Lafayette Ave
Attention investors and developers, this multi-family home in Downtown Royal Oak can be combined with neighboring single family and multi-family buildings 1119 S. Lafayette and 338 W. Parent and developed into a larger multi story apartment/condo project. This home is a great opportunity for an investor looking for their next house in Royal Oak to add to their portfolio
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
Size1,342 sqft
BasementYes
Lot size0.13 Acres
Year built1911
MLS #20240070659
Summary
- MLS Number: 20240070659
- MLS Name: Realcomp II Ltd
- Office Name: Good Company
- Office Phone: (248) 733-5811
- Listing Agent: Jim Shaffer
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 3:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$450,000
1125 S Lafayette Ave
$5,344
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $138,680 | $- |
| 2020 | $108,400 | $4,125 |
| 2018 | $99,160 | $4,299 |
| 2017 | $99,160 | $3,937 |
History based on county public records data.
Nearby schools
3
John F. Kennedy Elementary School
Public Magnet 3-5
1.0 mi
•24220 Rosewood St
6
Oakland Elementary School
Public District KG-5
1.6 mi
•2415 Brockton Ave
7
Rogers Elementary School
Public District KG-5
1.7 mi
•2265 Hamilton Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $77,399. Residents of Royal Oak, MI typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
26%
<35k
36%
35k-100k
28%
100k-200k
10%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
68%
Single, No Kids
1%
Single, with Kids
18%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
35%
18-34 yrs old
45%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Tennis
Live Theatre
Where do the neighbors shop?
Bloomingdales
Crate & Barrel
H&M
Where do the neighbors go to eat?
Starbucks
Boston Market
Chipotle
What do the neighbors drive?
Audi
BMW
Mercedes
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Royal Oak, MI
About 1125 S Lafayette Ave
This home is located at 1125 S Lafayette Ave in Royal Oak, MI and zip code 48067. This 1,342 square foot home, which was built in 1911, sits on a 0.13 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $450,000.
In January 2025 more than 12 listings in Royal Oak, MI were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 21 were sold below. In January 2025 in Royal Oak, MI there were 12.9% less homes for sale than in December. In January 2025 median list price was $346,258 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.