Updated Side-by-Side
For Sale
$439,900
141 Ferndale, Rochester, MI 48307
Two renovated units offer separate entrances, full bathrooms, and in-unit laundry appliances.
Property Size1,050 SF
Price / SF$418.95
Days on Market47
Property Features for 141 Ferndale
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR/2BA
Multifamily Units
2
Additional Details
Furnished
No
Gross Income
$45,600
Building Details
Year Built
1942
Construction
ranch
Listing Agency:
Brookstone, Realtors LLC
Listed By:
Derrick Kajbo · License #6501397488
(248) 763-4169
Source:
Sellinghomesinmichigan
Added: Sep 5
Changed: Oct 5
Last Checked: Oct 5 at 10:14PM
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 Brookstone, Realtors LLC
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Investment Insights
Based on property information with market context.
This updated ranch-style duplex contains two side-by-side residential units, each with a private entrance, one bedroom, and two full bathrooms. Both units include a refrigerator, stove, washer, and dryer. The property is furnished, although the furniture is excluded from the sale.
Located within walking distance of downtown Rochester, the duplex is currently operated for Airbnb stays subject to the city’s 27-day minimum requirement. The layout also supports an owner-occupant arrangement with one unit retained for personal use and the other rented separately. The property is identified as non-homestead.
Located within walking distance of downtown Rochester, the duplex is currently operated for Airbnb stays subject to the city’s 27-day minimum requirement. The layout also supports an owner-occupant arrangement with one unit retained for personal use and the other rented separately. The property is identified as non-homestead.
Key Highlights
- Two side‑by‑side ranch units with separate entrances
- Each unit includes 1 bedroom and 2 full bathrooms
- Refrigerator, stove, washer, and dryer included in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,898
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,960
$278.0K
Cap Rate 7%
$198,543
$198.5K
Cap Rate 9%
$154,422
$154.4K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$20.8K $19.80/SF
− Vacancy
−$936 −$0.89/SF
EGI
$19.9K $18.91/SF
− OpEx
−$6.0K −$5.67/SF
NOI
$13.9K $13.24/SF
Area
Oakland County, MI
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,960
Cap Rate 7%
$198,543
Cap Rate 9%
$154,422
Alternative Uses
Best Use
Multifamily LT 5
$198.5K
$173.7K – $231.6K
NOI $13,898 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$184.0K
$161.0K – $214.7K
NOI $12,880 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$226.5K
$198.2K – $264.2K
NOI $15,853 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Explore this area
Business Placement
Demographics for 48307, MI
44,673
Population
19,493
Households
2.3
Avg Household Size
39
Median Age
58%
College-Educated
96%
High-School Grad
15.2 sq mi
ZIP Area
2,939
Density / Sq Mi
$105,118
Median Household Income
$61,528
Median Earnings
$1,499
Median Rent
$329,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated units offer separate entrances, full bathrooms, and in-unit laundry appliances.
Where is this duplex located?
The property is located at 141 Ferndale Rochester, MI.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Two side‑by‑side ranch units with separate entrances; Each unit includes 1 bedroom and 2 full bathrooms; Refrigerator, stove, washer, and dryer included in each unit
