Duplex with Back Parking
317 E Maplehurst Street E Ferndale, MI 48220
317 E Maplehurst Street E, Ferndale, MI, 48220
$325,000
For Sale
$325,000
MULTI_FAMILY - Colonial - Ferndale, MI
Property Size1,929 SF
Lot Size0.12 Acres
Price / SF$168.48
Days on Market12
Property Features for 317 E Maplehurst Street E
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi-Family
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Basement, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1
- Pets allowed
- Yes
- Interior features
- Circuit Breakers, Laundry Facility, Entrance Foyer
- Exterior features
- Lighting
- Standard status
- Active
- APN
- 2527328053
- Size
- 1,929 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 460, ALSO W 30 FT OF 1/2 OF VAC ALLEY ADJ TO SAME 3-4-05 CORR
- Tax Annual Amount
- 8101
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1916
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Vinyl
- Roof type
- Asphalt
- Architectural style
- Colonial
Listing agency
KW Domain
(248) 590-0800
Listed by
Catharina van Acker de Koning
(248) 590-0800
Added: Jul 10 Updated: Jul 11 at 1:37PM Checked: Jul 21 at 8:06PM
MLS# 20261052915
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multi-family duplex property is being sold AS IS. The seller’s disclosure notes required work including structure, roof, and cosmetic updates. The home may be used and maintained as a duplex or restored to function as a single-family home, depending on buyer plans.
The property is located in Ferndale, Michigan, and is described as being convenient to downtown Ferndale, shopping, dining, parks, and major freeways. In addition to the driveway, there is a parking lot at the back of the home that is accessible through the alley.
Zoned for multi-family use, this is a practical renovation opportunity for buyers looking for a project and customizing the layout through the noted required work.
The property is located in Ferndale, Michigan, and is described as being convenient to downtown Ferndale, shopping, dining, parks, and major freeways. In addition to the driveway, there is a parking lot at the back of the home that is accessible through the alley.
Zoned for multi-family use, this is a practical renovation opportunity for buyers looking for a project and customizing the layout through the noted required work.
Key Highlights
- Investor opportunity: restore as a single‑family home or continue as a duplex.
- Built in 1916 with Colonial architectural style.
- Forced‑air heating with central air conditioning.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $19.80 |
| − Vacancy | −$1.7k | −$0.89 |
| EGI | $36.5k | $18.91 |
| − OpEx | −$10.9k | −$5.67 |
| NOI | $25.5k | $13.24 |
1,929 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$364.8K
$319.2K – $425.6K
NOI $25,533 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$338.0K
$295.8K – $394.4K
NOI $23,662 @ 7.0% cap · market cap 7.28%
Theoretical Best
Specialty Retail
$416.1K
$364.1K – $485.4K
NOI $29,125 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex property offered AS IS, with a rear parking lot accessible through the alley and options to reconfigure.
Where is this duplex located?
The property is located at 317 E Maplehurst Street E Ferndale, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Investor opportunity: restore as a single‑family home or continue as a duplex.; Built in 1916 with Colonial architectural style.; Forced‑air heating with central air conditioning.
