Royal Oak Homes under $500,000

Royal Oak Homes under $500,000

Welcome to Royal Oak, Michigan – a vibrant community known for its welcoming atmosphere, rich history, and exceptional school district. Nestled in Oakland County, Royal Oak boasts a diverse array of homes, making it an ideal place for families, young professionals, and retirees alike.

The Royal Oak School District is renowned for its commitment to educational excellence, offering a comprehensive curriculum that prepares students for success in a rapidly changing world. With a strong focus on both academics and extracurricular activities, students here benefit from dedicated educators and a supportive community. The district is home to several highly-rated elementary, middle, and high schools, ensuring that every child has access to quality education and a nurturing environment.

For those seeking a home in this charming city, you’ll be pleased to discover that Royal Oak offers a variety of options under $500,000. From cozy bungalows to modern townhouses, there’s something to suit every taste and budget. The real estate market here is thriving, with properties that not only provide comfort and style but also the convenience of being close to parks, shopping, and dining.

Living in Royal Oak means enjoying a vibrant community spirit, with numerous local events, farmers' markets, and a bustling downtown area filled with unique shops and restaurants. Whether you’re looking for a family-friendly neighborhood or a lively urban setting, Royal Oak has it all. Come explore the possibilities and make Royal Oak your new home!

Newest Royal Oak Homes under $500,000

306 N Kenwood Avenue, Royal Oak
$290,000
2 Baths ⋅ 20261068291 MLS ⋅ ACTIVE Status
Rare 2.375% assumable FHA mortgage opportunity! Qualified buyer may assume the existing mortgage and take advantage of a substantially below-market interest rate. Subject to lender approval. Welcome to 306 N. Kenwood Avenue! An exceptional duplex nestled on one of Royal Oak's picturesque tree-lined streets, just a short stroll from the restaurants, boutiques, nightlife, and year-round events of vibrant downtown Royal Oak.Whether you're looking to expand your investment portfolio, owner-occupy while generating rental income, or accommodate multi-generational living, this well-maintained property offers incredible flexibility. The lower unit features 2 bedrooms and 1 full bathroom, with the bathroom beautifully updated in 2021. The upper unit has been thoughtfully renovated in 2024, showcasing new flooring, fresh neutral paint, a completely remodeled bathroom, and an updated kitchen with modern finishes. Additional features include a welcoming enclosed front porch, a shared basement with dedicated storage for each unit, and a detached 2-car garage. Recent mechanical updates include a new furnace (2019) and hot water tank (2023), providing added peace of mind.Conveniently located just minutes from I-75 and I-696, this property combines an unbeatable location with strong investment potential. Opportunities like this in downtown Royal Oak are rare—don't miss your chance to own this move-in-ready duplex in one of Metro Detroit's most sought-after communities!

306 N Kenwood Avenue, Royal Oak

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