3-Unit Triplex with
New
For Sale
$875,000
3315 McDowell, Ferndale, MI 48220
Multifamily, 2 Story, Ferndale, MI
Property Size3,386 SF
Lot Size0.18 Acres
Price / SF$258.42
Days on Market4
Property Features for 3315 McDowell
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 4, Bedroom 2
Parking
3
Pets allowed
Call
Interior features
Smoke Alarm, Carbon Monoxide Alarm(s), Laundry Facility
Exterior features
Lighting
Subdivision
BERMORE SUB
Elementary school district
Hazel Park
Middle school district
Hazel Park
High school district
Hazel Park
Directions
10 Mile east of Hilton, South on McDowell and building is on the West side of the road
Standard status
Active
APN
2526101020
Size
3,386 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
T1N, R11E, SEC 26 BERMORE SUB LOTS 32, 33 & 34, ALSO 1/2 OF VAC ALLEY ADJ TO SAME 9-8-20 FR 010 & 011
Tax Annual Amount
27033
Legal Description
T1N, R11E, SEC 26 BERMORE SUB LOTS 32, 33 & 34, ALSO 1/2 OF VAC ALLEY ADJ TO SAME 9-8-20 FR 010 & 011
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2020
Floors in Building
2
Number of units
3
Roof type
Asphalt
Architectural style
Colonial, Craftsman
Listing Agency:
KW Domain · Keller Williams Realty
(248) 590-0800
Listed By:
Alyse Robertelli · License #6501315112
(248) 755-1158
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 15 at 8:06AM
MLS# 20261067860
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2020, this Ferndale triplex contains three matching residences, each with two bedrooms and 1.5 bathrooms. Dedicated laundry rooms are located on the second floor, and each unit has a private single-car garage. Individual furnaces and central air conditioning systems serve the homes, with gas, electric, and water separately metered. The property sits on a 0.18-acre lot, and two of the three residences are leased.
Located at 3315 McDowell in Ferndale, the property also includes exterior lighting, forced-air heating, public water, and an asphalt roof.
Located at 3315 McDowell in Ferndale, the property also includes exterior lighting, forced-air heating, public water, and an asphalt roof.
Key Highlights
- Three units, each with 2 bedrooms and 1.5 bathrooms
- Built in 2020 on a 0.18‑acre lot
- Private single‑car garage and second‑floor laundry room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,818
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,360
$896.4K
Cap Rate 7%
$640,257
$640.3K
Cap Rate 9%
$497,978
$498.0K
Market Conditions
NOI Build-Up for 3,386 SF
Gross rent
$67.0K $19.80/SF
− Vacancy
−$3.0K −$0.89/SF
EGI
$64.0K $18.91/SF
− OpEx
−$19.2K −$5.67/SF
NOI
$44.8K $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%
$896,360
Cap Rate 7%
$640,257
Cap Rate 9%
$497,978
Alternative Uses
Best Use
Multifamily LT 5
$640.3K
$560.2K – $747.0K
NOI $44,818 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$593.3K
$519.2K – $692.2K
NOI $41,533 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$730.3K
$639.0K – $852.1K
NOI $51,123 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
66.7%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
437
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate gas, electric, and water meters serve each residence, alongside individual furnaces and central air conditioning.
Where is this triplex located?
The property is located at 3315 McDowell Ferndale, MI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 1.5 bathrooms; Built in 2020 on a 0.18‑acre lot; Private single‑car garage and second‑floor laundry room in each unit
