Duplex Investment
New
For Sale
$330,000
217 E Drayton Street, Ferndale, MI 48220
MULTI_FAMILY - Ferndale, MI
Lot Size0.04 Acres
Days on Market5
Property Features for 217 E Drayton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
1
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2
Parking
2
Parking features
Driveway
Elementary school district
Ferndale
Middle school district
Ferndale
High school district
Ferndale
Standard status
Active
APN
25-27-326-027
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 236, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Legal Description
T1N, R11E, SEC 27 WOODWARD HTS SUB NO 2 LOT 236, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
Utilities
Heating system
Forced Air
Amenities
lockable storage
Building Details
Year built
1925
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Preferred, Realtors Ltd
(734) 459-6000
Listed By:
Keith Jourdan
(734) 330-5081
Added: Jul 28
Changed: Jul 30
Last Checked: Aug 1 at 10:06AM
MLS# 26038927
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Investment Insights
Based on property information with market context.
This turn-key duplex offers flexible occupancy options with a tenant-occupied upper unit and a lower unit that is vacant and ready for a new tenant or owner-occupancy. The property was built in 1925 and features forced-air heating, aluminum siding, and a dry basement with lockable storage for each unit. A spacious 2.5-car detached garage and driveway parking add practical, everyday convenience.
Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The home also has a history of preventative maintenance. Located in Ferndale near downtown, with convenient access to downtown Royal Oak and major highways, the layout supports both investment and owner-occupant use.
Buyer should verify that the lower unit is vacant.
Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The home also has a history of preventative maintenance. Located in Ferndale near downtown, with convenient access to downtown Royal Oak and major highways, the layout supports both investment and owner-occupant use.
Buyer should verify that the lower unit is vacant.
Key Highlights
- Duplex with upper unit tenant‑occupied and lower unit vacant for new tenancy or owner occupancy
- Major capital improvements completed in 2024: new roof, furnace, and hot water heater
- Dry basement with lockable storage for each unit
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with an upper unit under lease and a vacant lower unit, plus 2024 major updates.
Where is this duplex located?
The property is located at 217 E Drayton Street 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: Duplex with upper unit tenant‑occupied and lower unit vacant for new tenancy or owner occupancy; Major capital improvements completed in 2024: new roof, furnace, and hot water heater; Dry basement with lockable storage for each unit
