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    Ferndale, MI
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    Mixed-Use Multi-Unit Asset with Retail
    Updated: Apr 8
    Mixed-Use Multi-Unit Asset with Retail

    23529 Woodward Ave, Ferndale, MI 48220

    $1,099,000
    4,100 sqft
    Mixed‑use building at 23527–23529 Woodward Ave in Ferndale, MI
    Second‑floor has four fully leased 1‑bedroom apartments
    Lower level includes 2,000 sq. ft. of vacant retail space split into two 1,000 sq. ft. units
    Apartment rents: $1,100/mo (expires 06/2026 and 10/2026) plus $1,300/mo (expires 09/2026 and 10/2026)
    Total gross income listed at $57,600/yr from the fully leased apartments
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Ferndale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Brick Quadplex with Full Basement
    Brick Quadplex with Full Basement

    247 Midland Street, Highland Park, MI 48203

    $35,000
    3,840 sqft 0.12 AC lot

    Four residential units occupy two levels with matching floor plans and residential zoning.

    View details
    Four-Unit Apartment Building
    Four-Unit Apartment Building

    19511 Greenfield Road, Detroit, MI 48235

    $335,000
    8,712 sqft

    Fully occupied multifamily property with private balconies, rear parking, and basement storage.

    View details
    Four-Unit Quadplex with Basement
    Four-Unit Quadplex with Basement

    247 Midland Street, Highland Park, MI 48203

    $35,000
    3,840 sqft

    Matching upper- and lower-level layouts support a straightforward residential configuration with basement space.

    View details
    Four-Unit Building with Basements
    Four-Unit Building with Basements

    2340 W Grand St, Detroit, MI 48238

    $235,000

    Older multifamily property with consistent unit layouts, hardwood flooring, and substantial basement storage requiring updates.

    View details

    Ferndale, MI Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Ferndale, MI on our real estate platform. These investment opportunities span a total of 4,100 square feet of properties for sale, with an estimated market value of $1,099,000.

    Sale prices for four-unit buildings in Ferndale, MI average $1,099,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 8
    Apartment buildings 1
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 22K
    Population Growth (5Y) -5.7%
    Median Household Income $86,095
    College Educated 72.2%

    High-Yield Neighborhoods for Investment

    Identify Ferndale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48220 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 4.51%
    Property Tax per SF $25.33 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Oakland County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Ferndale fall within the 5,000 to 10,000 square foot range.

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