Updated Duplex with Detached
For Sale
$329,000
967 Alberta Street, Ferndale, MI 48220
Multifamily, 2 Story, Ferndale, MI
Property Size1,500 SF
Lot Size0.12 Acres
Price / SF$219.33
Days on Market51
Property Features for 967 Alberta Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2
Pets allowed
Yes
Interior features
Laundry Facility
Subdivision
Maple Ridge
Elementary school district
Ferndale
Middle school district
Ferndale
High school district
Ferndale
Directions
W of Livernois Rd / S of 9 Mile Rd
Standard status
Active
APN
2533429003
Size
1,500 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
T1N, R11E, SEC 33 MAPLE RIDGE SUB E 1/2 OF LOT 48
Tax Annual Amount
7079
Legal Description
T1N, R11E, SEC 33 MAPLE RIDGE SUB E 1/2 OF LOT 48
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
basement laundry
Building Details
Year built
1922
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl
Roof type
Asphalt
Architectural style
Other
Buildings
1
Listing Agency:
DOBI Real Estate
(248) 385-3350
Listed By:
Alexandra I Lannen · License #6502411775
(248) 703-3358
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 31 at 8:06AM
MLS# 20261073432
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1922 brick-and-vinyl duplex contains 1500 square feet across two residential units. The main-level apartment has 2 bedrooms and 1 full bathroom, while the upper apartment includes 1 bedroom and 1 full bathroom. Both units have individual furnaces and water heaters, with shared basement laundry and a 2-car detached garage. The property sits on 0.12 acres and includes a backyard.
Recent work includes central air in the upper unit, two new water heaters, PEX supply plumbing, a fully remodeled upper bathroom, and stainless steel appliances. The property is supplied by public water, uses forced-air heating, and has an asphalt roof. Located at 967 Alberta Street in Ferndale, Michigan.
Recent work includes central air in the upper unit, two new water heaters, PEX supply plumbing, a fully remodeled upper bathroom, and stainless steel appliances. The property is supplied by public water, uses forced-air heating, and has an asphalt roof. Located at 967 Alberta Street in Ferndale, Michigan.
Key Highlights
- Two‑unit duplex with 1500 square feet of living area
- Main‑level unit offers 2 bedrooms and 1 full bathroom
- Upper unit includes 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,854
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,080
$397.1K
Cap Rate 7%
$283,629
$283.6K
Cap Rate 9%
$220,600
$220.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$28.4K $18.91/SF
− OpEx
−$8.5K −$5.67/SF
NOI
$19.9K $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%
$397,080
Cap Rate 7%
$283,629
Cap Rate 9%
$220,600
Alternative Uses
Best Use
Multifamily LT 5
$283.6K
$248.2K – $330.9K
NOI $19,854 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$262.8K
$230.0K – $306.7K
NOI $18,399 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$323.5K
$283.1K – $377.5K
NOI $22,648 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,121
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately heated units include shared laundry, central air, and a detached garage.
Where is this duplex located?
The property is located at 967 Alberta Street Ferndale, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit duplex with 1500 square feet of living area; Main‑level unit offers 2 bedrooms and 1 full bathroom; Upper unit includes 1 bedroom and 1 full bathroom
