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Updated Four-Unit Quadplex
For Sale
$619,000

425 Vester Street, Ferndale, MI 48220

Updated interiors, a balanced unit mix, and shared coin-operated laundry serve the property’s residential configuration.

Property SizeContact for details
Days on Market25

Property Features for 425 Vester Street

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 4

Amenities

coin-operated laundry
Forced Air
Natural Gas

Building Details

Year Built 1916
Listing Agency: Keller Williams Legacy
Listed By: Nick Jaafar · License #403947
Source: Kw
Added: Sep 12 Changed: Oct 4 Last Checked: Oct 5 at 3:45PM

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 Keller Williams Legacy

Investment Insights

Based on property information with market context.

This four-unit multifamily property at 425 Vester St in Ferndale, MI, was built in 1916 and has undergone updates throughout. The configuration includes two upper-level apartments with 2 bedrooms and 1 full bathroom each, plus two lower-level apartments with 1 bedroom and 1 full bathroom each. Updated finishes are present across the units, and a coin-operated washer and dryer are available for tenant use.

The property is in Ferndale and records a bike score of 58, classified as Bikeable, along with a walk score of 57, classified as Somewhat Walkable. The four-unit layout and varied bedroom mix provide a clearly defined multifamily configuration.

Key Highlights

  • Four‑unit quadplex with two 2‑bedroom units and two 1‑bedroom units
  • Each apartment includes 1 full bathroom
  • Updated interiors and finishes throughout the units

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Nursing Home Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

1,665
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Updated interiors, a balanced unit mix, and shared coin-operated laundry serve the property’s residential configuration.
Where is this quadplex located?
The property is located at 425 Vester Street Ferndale, MI.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Four‑unit quadplex with two 2‑bedroom units and two 1‑bedroom units; Each apartment includes 1 full bathroom; Updated interiors and finishes throughout the units
More about this property
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