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    Ferndale, MI Apartment Buildings for Sale

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    Updated Multi-Unit Building with Garage
    Updated: Apr 24
    Updated Multi-Unit Building with Garage

    624 Livernois St, Ferndale, MI 48220

    $1,389,000
    7,120 sqft
    $500,000 in recent updates to the building.
    20 parking spaces plus additional street parking.
    Six units of varying sizes, offering
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    This listing looks promising.

    Here's a quick look at some key insights for

    624 Livernois St, Ferndale, MI 48220

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    • Est. Cap Rate

      6.3%
      Above avg (5.9%)

    • Est. NOI

      $87K
      Annual

    • Mortgage

      $248K
      Oct 2021

    • Property Type

      Retail Stores
      Built 1963
    View Property Analytics
    Partially Remodeled Multifamily Building
    Updated: Jul 16
    Partially Remodeled Multifamily Building

    415 Hilton Road, Ferndale, MI 48220

    $555,000
    3,312 sqft 0.30 AC lot
    Two‑unit property at 415‑445 Hilton Rd with 7 units partially remodeled
    Recent updates include recently painted interiors and new flooring, plus some mechanicals, roof, gutters, and exterior finishes
    Unit 8 serves as a laundry facility for all 7 units
    All units are vacant; parking for all units and trash disposal provided
    Ranch‑style construction built in 2000 with vinyl exterior and asphalt roof
    View details
    Partially Remodeled Multifamily Property
    Partially Remodeled Multifamily Property

    415 Hilton Rd, Ferndale, MI 48220

    $555,000

    Partially remodeled 8-unit multifamily with parking and shared laundry facilities; all units are currently vacant.

    View details
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 3 Active listings in Ferndale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Redevelopment Opportunity
    Mixed-Use Redevelopment Opportunity

    16921 Livernois, Detroit, MI 48221

    Contact for pricing
    20,000 sqft

    Mixed-use redevelopment in Detroit's Live6 corridor, across from University.

    View details
    Unoccupied 47-Unit Apartment Building
    Unoccupied 47-Unit Apartment Building

    17111 Second Ave, Detroit, MI 48203

    Contact for pricing
    33,182 sqft

    Unoccupied 47-unit apartment building offered for sale as a residential income property.

    View details
    36-Unit Apartment Building
    36-Unit Apartment Building

    361 Merton Rd, Highland Park, MI 48203

    Contact for pricing
    33,407 sqft

    Unoccupied 36-unit apartment building offered for sale.

    View details
    Unoccupied 29-Unit Apartment Building
    Unoccupied 29-Unit Apartment Building

    700 Whitmore Rd, Highland Park, MI 48203

    Contact for pricing
    39,219 sqft

    Unoccupied 29-unit apartment building offered for sale for buyers seeking a residential income property.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details

    Off-Market Properties in Ferndale, MI

    Consider similar Off-Market properties in Ferndale, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    345 Marshall St
    Multifamily properties

    345 Marshall St, Ferndale, MI 48220

    Value Estimation by Request
    3,850 sqft
    View details
    695 Livernois St
    Multifamily properties

    695 Livernois St, Ferndale, MI 48220

    Value Estimation by Request
    3,986 sqft
    View details

    Ferndale, MI Apartment Buildings Market Trends and Statistics

    Explore 5 apartment buildings for sale in Ferndale, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 10,432 square feet of properties for sale, with an estimated market value of $2,499,000.

    Sale prices for two-family homes in Ferndale, MI start at $555,000, averaging $833,000, and reaching up to $1,389,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 22K
    Population Growth (5Y) -5.7%
    Median Household Income $86,095
    College Educated 72.2%

    High-Yield Neighborhoods for Investment

    Identify Ferndale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48220 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 4.51%
    Property Tax per SF $25.33 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Oakland County

    Retail

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Ferndale fall within the 5,000 to 10,000 square foot range.

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