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    223 E Oakridge St Ferndale, MI 48220

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    For Sale
    $560,000

    Four-unit property in desirable Ferndale location with parking.

    Lot size:
    0.16 Acres

    Property Features for 223 E Oakridge St

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1909

    Source: Cranbrook Associates-Birm Agent Meredith M Myers Kulka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ferndale Four-Unit Multifamily Property

    This four-unit multifamily property is located on a desirable street in Ferndale. Each unit features one bedroom and one full bathroom. Laundry and storage units are available in the basement. Each tenant has a designated parking spot located at the back of the property. Tenants are responsible for all utility payments. The rental certificate with the city of Ferndale is current. Two units are available for showings, with the remaining two units accessible with an accepted purchase agreement.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ferndale
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1372924
    Latitude
    42.4679977

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property in desirable Ferndale location with parking.
    Where is this quadplex located?
    The property is located at 223 E Oakridge St Ferndale, MI.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: - Four-unit multi-family property in a desirable Ferndale location.; - Each unit has one bedroom and one full bathroom.; - Tenants pay all utilities.
    (248) 645-2500
    Request Owner's contact information
    223 E Oakridge St Ferndale, MI 48220
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    Ferndale, MI 48220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 E Oakridge St Ferndale, MI 48220
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