695 Livernois Street, Ferndale, MI 48220
MULTI_FAMILY - Other - Ferndale, MI
- Added:
- Jun 5, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 5 at 3:06 pm
Property Features for 695 Livernois Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial,Multi-Family,M
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2
- Pets allowed
- Yes
- Exterior features
- Private Entry
- Standard status
- Active
- APN
- 2533435027
- Size
- 3,186 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- T1N, R11E, SEC 33 POAD SUB LOTS 55 & 56, ALSO 1/2 OF VAC ALLEY ADJ TO SAME
- Tax Annual Amount
- 7173
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1942
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick, Vinyl
- Roof type
- Asphalt
- Architectural style
- Other
Listing agent Alina Valentine (248) 288-3500
Listing office KW Metro 423 S Washington Ave, Royal Oak, MI (248) 288-3500
Listing date Jun 5, 2026
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.
HighLights
- Tri‑unit mixed‑use property with mixed‑use zoning for live‑work possibilities
- Built in 1942 with brick and vinyl exterior materials
- Forced‑air heating with central air conditioning
- Asphalt shingle roof and public water service
- Includes a basement and multiple bedrooms and bathrooms (Bedrooms 1–5; Bathrooms 1–5)
- Private entry
Overview
Located at 695 Livernois Street in Ferndale, Michigan 48220, the property is positioned as a straightforward live-work style option within Oakland County. The site is available for inspection and review, and the listing notes that a comprehensive marketing package is available upon request.
For an operator, investor, or owner-occupant, the practical value is the property’s ability to support a blended residential and commercial approach within a single structure. With three units in place, the building can align with strategies that seek multiple revenue streams or a live-and-operate arrangement, subject to review of zoning and any applicable approvals. Buyers are encouraged to verify details with the listing materials and during the due-diligence process, consistent with BATVAI.
Local 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 | $63.1k | $19.80 |
| − Vacancy | −$2.8k | −$0.89 |
| EGI | $60.2k | $18.91 |
| − OpEx | −$18.1k | −$5.67 |
| NOI | $42.2k | $13.24 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ferndale
- County
- Oakland
- State
- Michigan
- Longitude
- -83.143045
- Latitude
- 42.451989
