Triplex with Private
New
For Sale
$875,000
3327 McDowell, Ferndale, MI 48220
Three two-bedroom residences feature upper-level laundry rooms and individually controlled heating and cooling.
Property Size3,386 SF
Days on Market3
Property Features for 3327 McDowell
General Information
Standard status
Active
Size
3,386 SF
Total Parking Spaces
3
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1.5BA
Multifamily Units
3
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$27,033
Amenities
laundry room
Building Details
Building Size
3,386 SF
Year Built
2020
Buildings
1
Units
3
Listed By:
Candice A Van Slembrouck · License #6501384902
(248) 346-6795
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:10PM
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 Candice A Van Slembrouck
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Investment Insights
Based on property information with market context.
Built in 2020, this triplex contains three matching residences, each with 1,130 square feet, two bedrooms, and 1.5 bathrooms. Each home has a second-floor laundry room and an oversized private single-car garage with additional storage space. Separate gas, electric, and water meters, along with an independent furnace and central air conditioning system for each unit, provide individual utility measurement and climate control.
Two of the three residences are currently leased. The property offers three distinct residential units within one building.
Two of the three residences are currently leased. The property offers three distinct residential units within one building.
Key Highlights
- Three units, each with 1,130 square feet, 2 bedrooms, and 1.5 bathrooms
- Built in 2020
- Each residence includes a second‑floor laundry room and oversized private single‑car garage
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
Current Use
Lease Details
3
Residential units
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences feature upper-level laundry rooms and individually controlled heating and cooling.
Where is this triplex located?
The property is located at 3327 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 1,130 square feet, 2 bedrooms, and 1.5 bathrooms; Built in 2020; Each residence includes a second‑floor laundry room and oversized private single‑car garage
