4 days on Rocket
$6,234 Closing Credit¹
#20251006084, Jim Shaffer, Listing office: Good Company
$400,000 List price
338 W Parent Ave Royal Oak, MI 48067
$4,750
Closing credit¹
2 full
1,245 sqft
0.2 acres
$321 / sqft
Multi-Family
Property details
About 338 W Parent 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 1125 S. Lafayette 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
Size1,245 sqft
BasementYes
Lot size0.17 Acres
Year built1912
MLS #20251006112
Summary
- Full Bathrooms: 2
- Basement: Yes
- Attached Garage: No
- Architectural Style: Townhouse
- Heating: Forced Air, Natural Gas
- List Price: $400,000
- Price/SqFt: $321
- Annual Tax Amount: $2,819
- Tax Year: 2024
- Directions: Washington Ave. & Woodward Ave.
- Year Built: 1912
- Living Area: 1,245 SqFt
- Lot Size: 0.17 Acres
- MLS Number: 20251006112
- 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: 6/11/2025, 9:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$400,000
338 W Parent Ave
$4,750
closing credit¹
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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 | $107,690 | $2,819 |
| 2020 | $80,900 | $2,782 |
| 2018 | $71,020 | $2,899 |
| 2017 | $71,020 | $2,656 |
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. Typical income of Royal Oak, MI residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents 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
Transportation options in Royal Oak include a network of roads and highways that connect residents to the greater Oakland area and beyond. Public transit is available, with bus services facilitating local and regional travel. The city is also bike-friendly, with several paths and lanes designated for cyclists. While specific ride-share services are operational in the area, the city's walkable downtown core is particularly appealing to those who prefer to navigate on foot.
The community is served by a well-rounded selection of services, including public and private schools that cater to a range of educational needs. Healthcare is accessible through local clinics and nearby hospitals that offer a variety of medical services. Royal Oak's public library system is active, providing resources and programming for residents of all ages. Retail and dining options reflect the local culture, with a blend of independent boutiques and eateries alongside well-known chains.
Royal Oak prides itself on a vibrant community spirit and a lively downtown area. The city is celebrated for its array of festivals, including the annual Arts, Beats and Eats Festival, which showcases the community's commitment to culture and entertainment. The neighborhood's character is further defined by its eclectic mix of shops, restaurants, and entertainment venues, which contribute to its reputation as a desirable place to live.
Royal Oak's housing market is diverse, offering a mix of single-family homes, apartments, and townhouses. The architectural styles in the area range from charming bungalows and classic colonials to contemporary new constructions. Single-family homes are the most prevalent, providing a suburban feel within a city setting. The homeownership rate in Royal Oak is robust, with a significant portion of residents owning their homes, while the remainder of the population enjoys the flexibility of renting.
About 338 W Parent Ave
The listing price of 338 W Parent Ave property is $400,000.
The property 338 W Parent Ave is a multi located in Royal Oak, Michigan, 48067.
Active Listing: 338 W Parent Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 338 W Parent Ave are: John F. Kennedy Elementary School (GreatSchools Rating 3/10), Oakland Elementary School (GreatSchools Rating 6/10), Rogers Elementary School (GreatSchools Rating 7/10), Royal Oak Middle School (GreatSchools Rating 5/10), Ferndale Middle School (GreatSchools Rating 2/10), Oak Park Preparatory Academy (GreatSchools Rating 1/10), University High School (GreatSchools Rating 4/10), Webb Elementary School (GreatSchools Rating 2/10), Ferndale High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $2,819 (source: MLS/based on county public records data).
The property 338 W Parent Ave is 1,245 SqFt (source: MLS/tax record).
The year of construction for 338 W Parent Ave is 1912.
This home is located at 338 W Parent Ave in Royal Oak, MI and zip code 48067. This 1,245 square foot home, which was built in 1912, sits on a 0.17 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $400,000.
In May 2025 more than 49 listings in Royal Oak, MI were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 27 were sold below. The number of homes for sale in Royal Oak, MI increased by 24.8% between April and May 2025. The median list price of listings available in May 2025 was $352,083, while the average time on the real estate market was 22 days.
From Rocket Homes Real Estate and based on county public records data.