Bungalow Duplex Income
690 E Marshall Street Ferndale, MI 48220
For Sale
$249,000
Pending
MULTI_FAMILY - Bungalow - Ferndale, MI
Property Size1,600 SF
Lot Size0.15 Acres
Days on Market50
Property Features for 690 E Marshall Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
- Appliances
- Dryer, Range/Oven, Refrigerator, Washer
- Standard status
- Pending
- APN
- 25-35-153-007
- Size
- 1,600 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6817
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Architectural style
- Bungalow
Listing Agency:
Professional Leasing & Sales LLC
(586) 996-9900
Listed By:
Robert Kluck · License #6502364544
(586) 996-9900
Added: Jun 8
Changed: Jul 11
Last Checked: Jul 27 at 7:06AM
MLS# 50210530
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Investment Insights
Based on property information with market context.
This bungalow-style duplex is offered for sale as a residential income property. The building totals approximately 1,600 square feet of living area, set on a 0.15-acre lot. The property is configured for multi-family use as a duplex, providing two separate residential rental units under one ownership.
Located at 690 E Marshall Street in Ferndale, Michigan (Oakland County), the home is situated on a relatively small parcel, which can appeal to buyers looking for a straightforward, lower-maintenance footprint. The address is listed in Ferndale, with ZIP code 48220.
As a duplex, the property can fit buyers seeking an income-oriented residential asset rather than a single-family home. With a combined building size of about 1,600 square feet and a compact lot size, it may be practical for owner-occupants or investors who want a multi-unit setup without the footprint of a larger complex. This listing is presented as a for-sale opportunity for qualified buyers evaluating residential income strategy and property-level manageability.
Located at 690 E Marshall Street in Ferndale, Michigan (Oakland County), the home is situated on a relatively small parcel, which can appeal to buyers looking for a straightforward, lower-maintenance footprint. The address is listed in Ferndale, with ZIP code 48220.
As a duplex, the property can fit buyers seeking an income-oriented residential asset rather than a single-family home. With a combined building size of about 1,600 square feet and a compact lot size, it may be practical for owner-occupants or investors who want a multi-unit setup without the footprint of a larger complex. This listing is presented as a for-sale opportunity for qualified buyers evaluating residential income strategy and property-level manageability.
Key Highlights
- 1930 bungalow with 2 bedrooms and 2 bathrooms
- Central air cooling
- Forced‑air heating
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $19.80 |
| − Vacancy | −$1.4k | −$0.89 |
| EGI | $30.3k | $18.91 |
| − OpEx | −$9.1k | −$5.67 |
| NOI | $21.2k | $13.24 |
1,600 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$302.5K
$264.7K – $353.0K
NOI $21,178 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$280.4K
$245.3K – $327.1K
NOI $19,626 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$345.1K
$302.0K – $402.6K
NOI $24,157 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - For sale bungalow-style duplex on a compact lot, offering two rental units within a manageable footprint.
Where is this duplex located?
The property is located at 690 E Marshall Street Ferndale, MI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1930 bungalow with 2 bedrooms and 2 bathrooms; Central air cooling; Forced‑air heating
