Oakland County Multifamily for Sale

Living in Oakland County

Oakland County spans roughly 900 square miles northwest of Detroit and includes 62 cities, villages, and townships, each with its own character, from the business hub of Southfield to historic Pontiac, the county seat. Oakland County Parks maintains a countywide system of day-use parks, trails, and recreation facilities, including golf courses and waterparks distributed across the county. Downtown districts such as Royal Oak, Birmingham, and Rochester anchor much of the county's commercial and cultural activity, offering shopping, dining, and seasonal events that draw visitors from surrounding townships.

Oakland County, MI Multi-family properties

Duplexes and small apartment buildings appear throughout Oakland County, often clustered near established downtowns like Royal Oak, Ferndale, and Pontiac, where older housing stock and mixed residential blocks are common. Because zoning, unit counts, utility arrangements, and lease terms vary significantly from one municipality to the next, buyers should confirm current permitted use, occupancy status, and any local rental registration requirements directly with the relevant city or township before making assumptions. Comparing recent sales across similar building types and unit configurations, and verifying listing details such as square footage, parking, and mechanical systems, will help clarify how a given property fits within its immediate block or neighborhood.

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Long before we sold homes, the Hamady name stood over grocery doors across Genesee County — a family business that fed Flint from 1911 and stood by its neighbors when it mattered most. In 1971, Grant Hamady carried that name into real estate, building a brokerage the same way: on trust, referrals, and relationships that last.

Today, co-owners David Hamady and Andrea Robinson lead HamadyRobinson, REALTORS® — buying, selling, rentals, property management, and senior living services, still from one office on Court Street.

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Oakland County real estate market

Explore current Oakland County Multifamily for Sale market trends, including active inventory, property availability, and average asking prices.

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Oakland County Multifamily for Sale

$2,600,000
ACTIVE Status 20 Baths 61012779 MLS
NEW PRICE REDUCTION TO $2,600,000 - CALLING FOR ALL OFFERS Steeple Chase (1241 & 1251 E. Woodward Heights Blvd., Hazel Park, MI, 48030) offers an exceptional investment opportunity in a newly constructed 18-unit multifamily community located in Southeast Oakland County, one of Michigan's fastest-growing submarkets. This property provides a significant opportunity for investors to establish a presence in the desirable Southeast Michigan market. This Investment also offers potential as a great Condo Conversion project. The property features four contemporary two-bedroom, two-bath floor plans, each offering over 1,300 SF of living space and an attached one-car garage. Units include a modern kitchen with premium cabinetry and granite countertops, spacious baths, and luxury flooring. Select units feature a spiral staircase leading to a master bedroom in a two-story townhome design. Situated in Hazel Park, Steeple Chase offers immediate access to Metro Detroit via I-75 and I-696 and is less than two miles from downtown Ferndale, known for its vibrant lifestyle and family-friendly atmosphere. The nearby Amazon Fulfillment facility serves as a major employment hub, enhancing the property's appeal. Hazel Park, with its unique small-town charm and urban setting, is home to over 16,000 residents. Its friendly neighborhoods and local shops make it a beautiful place to live, work, and invest. Steeple Chase promises strong long-term cash flow prospects once stabilized, making it a high-performing multifamily investment.

1251 E Woodward Heights Boulevard, Hazel Park

Listing Courtesy of RLB Realty Limited LLC, Office Phone: 313-550-2541

$1,900,000
ACTIVE Status 18 Baths 60980911 MLS
Rare opportunity on this turn-key, profitable, cash-flowing property! Total of 18 two-bedroom units averaging approximately $1,130/month and roughly 800 sq. ft. each. 17 of the 18 units are currently occupied with tenants current on rent. Property features individual natural gas furnaces for each apartment along with separate utility setups, including individual water meters - ideal for efficient management and expense control. Each unit offers a private entrance and basement. Extensive updates throughout: 9 units have been fully renovated within the last 4 years, and 16 bathrooms have been completely updated. A new roof was installed across the entire complex in 2024 with a 20-year transferable warranty. Additional improvements include new concrete walkways in the courtyard, cultured stone on 9 porches, newly shingled porch overhangs, updated front exterior doors, glass block windows in every unit, newer gutters, trim, and exterior security lighting. The west side of the building also features a newer asphalt parking lot. 12 units include central air, and 10 units have newer furnaces. Security camera system in place for added peace of mind. One master key provides access to the building for convenience. Please do NOT approach property or tenants without a confirmed showing appointment. Strong upside potential with projected NOI of $259,200 through rent increases on under-market units and leasing the remaining vacancy.

51 Spokane Drive, Pontiac

Listing Courtesy of Keller Williams Somerset, Office Phone: 248-649-7200

$1,600,000
ACTIVE Status 16 Baths 61012778 MLS
NEW PRICE REDUCTION TO $1,600,000 - CALLING FOR ALL OFFERS Steeple Chase (1241 & 1251 E. Woodward Heights Blvd., Hazel Park, MI, 48030) offers an exceptional investment opportunity in a newly constructed 18-unit multifamily community located in Southeast Oakland County, one of Michigan's fastest-growing submarkets. This property provides a significant opportunity for investors to establish a presence in the desirable Southeast Michigan market. This Investment also offers potential as a great Condo Conversion project. The property features four contemporary two-bedroom, two-bath floor plans, each offering over 1,300 SF of living space and an attached one-car garage. Units include a modern kitchen with premium cabinetry and granite countertops, spacious baths, and luxury flooring. Select units feature a spiral staircase leading to a master bedroom in a two-story townhome design. Situated in Hazel Park, Steeple Chase offers immediate access to Metro Detroit via I-75 and I-696 and is less than two miles from downtown Ferndale, known for its vibrant lifestyle and family-friendly atmosphere. The nearby Amazon Fulfillment facility serves as a major employment hub, enhancing the property's appeal. Hazel Park, with its unique small-town charm and urban setting, is home to over 16,000 residents. Its friendly neighborhoods and local shops make it a beautiful place to live, work, and invest. Steeple Chase promises strong long-term cash flow prospects once stabilized, making it a high-performing multifamily investment.

1241 E Woodward Heights Boulevard, Hazel Park

Listing Courtesy of RLB Realty Limited LLC, Office Phone: 313-550-2541

$1,399,000
ACTIVE Status 4 Baths 60989802 MLS
Phenomenal opportunity to own a meticulously maintained multi-family property in the heart of Royal Oak! This turnkey gem perfectly blends contemporary updates with timeless original charm in every unit, ensuring high tenant appeal and long-term value. Investors and owner-occupants will appreciate the significant capital improvements already completed, including a whole-building rewiring with each unit individually metered to simplify utility management. The property also boasts newer roofs on both the main building and the detached garage, a reliable boiler system installed in 2013, and newer energy-efficient windows throughout. A standout feature of this property is the expansive basement, which offers a dedicated section ready to be finished into a professional home office or creative studio - complete with its own private exterior entrance. This rare "X-factor" provides incredible versatility for a remote worker or the potential for additional utility. Each unit also has private storage and laundry room. Whether you're looking to expand your investment portfolio or "house-hack" in one of Metro Detroit's most vibrant and walkable communities, this property stands out as a rare find where all the heavy lifting has already been done. Schedule your showing today and secure this mechanically sound and aesthetically stunning investment!

2041 N Main Street, Royal Oak

Listing Courtesy of ERA Prime Real Estate Group, Office Phone: 248-474-3303

$1,200,000
ACTIVE Status 5 Baths 61005097 MLS
ONE BUILDING WITH 3 RESIDENTIAL MULTI-FAMILY APARTMENTS AND 2 COMMERCIAL SPACES-ALL PROPERTIES LEASED--in vibrant, downtown Hazel Park, located adjacent to renowned restaurant Mabel Gray. RESIDENTIAL: 3 BEDROOM: Impeccably renovated second-floor 1,567 Sq ft flat boasting three large bedrooms. Open-concept layout, with a large living room, dining room and entry. Stunning floors to the quartz countertops, shaker cabinetry, and stainless-steel appliances. Enclosed porch. Laundry room with a washer and dryer. Currently leased for $1,890/month. 1 BEDROOM: Impeccably renovated 532 Sq ft, second-floor flat. Abundant natural light illuminates the open-concept layout, with a living room, kitchen-dining combo, one bedroom and bath. Nicely renovated with quartz countertops, shaker cabinetry, and stainless-steel appliances. Currently leased for $1,000/month. STUDIO: Completely renovated 336 Sq ft studio features new hardwood floors that stretch throughout the living areas as well as bright light throughout. Kitchen/dining, flex room, and bath. The open floor plan and kitchen and living area have white shaker cabinets and soft close drawers, white granite countertops, sub-tile backsplash and quality stainless steel appliances. Currently leased for $850/month. COMMERCIAL SPACES: Prime first-floor commercial spaces. The 1,698 Sq. Ft space offers two large, versatile areas perfect for retail, office, or creative use. The spacious main room measures 38x19, providing ample space for customer engagement or open workspace. A generous rear space, 36x18, offers additional functionality for storage, private offices, or production. Currently leased for $3,180/month. The second prime 847 sq. ft commercial space offers one large, versatile area perfect for retail, office, or creative use. The spacious main room measures 38x19, providing ample space for customer engagement or open workspace. Currently leased for $1,696/month. Showings by appointment only.

23831 John R Road, Hazel Park

Listing Courtesy of Berkshire Hathaway HomeServices Kee Realty Bham, Office Phone: 248-646-6200

$1,000,000
ACTIVE Status 2 Baths 61026365 MLS
Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. | Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

552 Laprairie Street, Ferndale

Listing Courtesy of RE/MAX First, Office Phone: 248-375-4000

$1,000,000
ACTIVE Status 2 Baths 61026363 MLS
Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what's already there this might be the package that you're looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

544 Laprairie Street, Ferndale

Listing Courtesy of RE/MAX First, Office Phone: 248-375-4000

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