Duplex with Detached Garage and 2024
New
For Sale
$330,000
217 E Drayton St, Ferndale, MI 48220
Well-maintained duplex with a detached 2.5-car garage, dry basement storage, and major 2024 roof, furnace, and hot water upgrades.
Days on Market4
Property Features for 217 E Drayton St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1925
Year Renovated
2024
Listing Agency:
Preferred, Realtors Ltd
(734) 330-5081
Listed By:
Keith Jourdan
(734) 330-5081
Source:
Elliman
Added: Jul 29
Changed: Jul 31
Last Checked: Jul 31 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Preferred, Realtors Ltd
Investment Insights
Based on property information with market context.
This turn-key duplex offers a flexible setup for both investors and owner-occupants. The lower unit is vacant and ready for a new tenant, while the upper unit is tenant-occupied with an active lease. Each unit has access to a dry basement with lockable storage. The property also includes a spacious 2.5-car detached garage.
The home was built in 1925 and has been maintained with regular preventative maintenance. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. A current property manager is available to continue managing the property for a new owner.
Located just half a mile from downtown Ferndale, the property provides easy access to downtown Royal Oak and major highways, supporting a low-maintenance ownership experience in a walk- and bike-friendly area.
The home was built in 1925 and has been maintained with regular preventative maintenance. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. A current property manager is available to continue managing the property for a new owner.
Located just half a mile from downtown Ferndale, the property provides easy access to downtown Royal Oak and major highways, supporting a low-maintenance ownership experience in a walk- and bike-friendly area.
Key Highlights
- Lower unit vacant and ready for a new tenant; upper unit tenant‑occupied with an active lease
- Major 2024 capital improvements: new roof, furnace, and hot water heater
- Detached 2.5‑car garage plus dry basement with lockable storage for each unit
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Explore this area
Business Placement
Demographics for 48220, MI
21,564
Population
12,003
Households
1.8
Avg Household Size
37
Median Age
53%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,901
Density / Sq Mi
$86,095
Median Household Income
$54,557
Median Earnings
$1,191
Median Rent
$229,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with a detached 2.5-car garage, dry basement storage, and major 2024 roof, furnace, and hot water upgrades.
Where is this duplex located?
The property is located at 217 E Drayton St Ferndale, MI.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Lower unit vacant and ready for a new tenant; upper unit tenant‑occupied with an active lease; Major 2024 capital improvements: new roof, furnace, and hot water heater; Detached 2.5‑car garage plus dry basement with lockable storage for each unit
