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Three-Property Duplex Package
New
For Sale
$1,000,000

544 Laprairie St, Ferndale, MI 48220

Adjacent two-family homes with separate entrances, basements, laundry areas, and detached garage stalls.

Property Size1,647 SF
Days on Market3

Property Features for 544 Laprairie St

General Information

Standard status Active
Size 1,647 SF
Property subtype Investment

Additional Details

Multifamily Units 6

Taxes and HOA fees

Annual Taxes $4,593

Building Details

Building Size 1,647 SF
Year Built 1926
Buildings 3
Units 2
Listed By: Keith Weber · License #6501239845
Source: Elliman
Added: Sep 2 Changed: Sep 3 Last Checked: Sep 3 at 2:26AM

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 Keith Weber

Investment Insights

Based on property information with market context.

This package includes three adjacent two-family homes arranged on three consecutive lots in Ferndale, Michigan. The original 1926 craftsman-style bungalow offers a two-bedroom lower unit and a one-bedroom upper unit, while the two later homes were built from the same floor plan between 1953 and 1955. Each property includes a full basement, separate laundry areas for the units, private above-grade entrances and exits, and garage stalls. The two later buildings feature red-brick exteriors.

Improvements across the package include five newer furnaces, six air conditioners, three updated kitchens, four updated bathrooms, three wood-floor installations, replacement windows throughout, and updated appliances and décor. The combined land arrangement provides three contiguous lots with 254 feet of depth. The properties are being offered together, and showings are subject to the access limitations described for the occupied units.

Key Highlights

  • Three contiguous lots with 254 feet of depth
  • Package includes three two‑family homes
  • Two‑bedroom lower units and one‑bedroom upper units

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Kitchen & Bath Showroom Garden Center Home Appliance Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

617
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Adjacent two-family homes with separate entrances, basements, laundry areas, and detached garage stalls.
Where is this duplex located?
The property is located at 544 Laprairie St Ferndale, MI.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Three contiguous lots with 254 feet of depth; Package includes three two‑family homes; Two‑bedroom lower units and one‑bedroom upper units
More about this property
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