Ferndale, MI Multifamily Properties for Sale

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Updated: Jul 23

Updated Duplex with Detached Garage

967 Alberta Street, Ferndale, MI 48220

$349,000

1,500 sqft 0.12 AC lot

Two‑unit layout: 2‑bedroom main‑level residence and 1‑bedroom upper residence
1500 square feet on a 0.12‑acre parcel
Detached 2‑car garage, basement laundry, and backyard
Separate furnace and hot water heater for each unit
Recent updates include upper‑unit central air, two water heaters, PEX plumbing, and a remodeled bath

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Updated: Aug 14

Tenant-Occupied Duplex

3021 Goodrich Street, Ferndale, MI 48220

$310,000

1,580 sqft 0.12 AC lot

Two‑unit duplex with both residences tenant occupied
1,580 square feet on a 0.12‑acre lot
Main‑level unit includes updated kitchen and renovated bathroom
Second unit has stainless steel gas range and dedicated exterior entrance
Basement includes common storage areas and on‑site laundry

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Mixed-Use Property with Private Entries

695 Livernois Street, Ferndale, MI 48220

$749,900

3,186 sqft 0.10 AC lot

Brick-and-vinyl construction with central air, forced-air heat, and mixed-use zoning supports a flexible commercial-residential configuration.

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See what stands out in Oakland County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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NOI available after sign in

Local Demand available after sign in

Six-Unit Duplex Portfolio

1447 Albany St, Ferndale, MI 48220

$960,000

4,502 sqft

Fully leased bungalow-style duplex assets span established neighborhoods in Ferndale and Royal Oak.

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Duplex Investment Opportunity

217 E Drayton Street, Ferndale, MI 48220

$330,000

0.04 AC lot

Well-maintained duplex with an upper unit under lease and a vacant lower unit, plus 2024 major updates.

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Mixed-Use Multi-Unit Asset with Retail

23529 Woodward Ave, Ferndale, MI 48220

$1,099,000

4,100 sqft

Four leased 1-bedroom apartments sit above two vacant retail storefront units totaling 2,000 sq. ft.

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Updated Duplex with Detached Garage

967 Alberta St, Ferndale, MI 48220

$349,000

1,500 sqft

Vacant residential duplex with separate systems, shared laundry, a backyard, and recent interior and mechanical improvements.

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Two-Unit Bungalow

320 E Cambourne St, Ferndale, MI 48220

$249,900

1,300 sqft

Certificate of Compliance, separate gas and electric utilities, shared basement laundry, and off-street parking support practical occupancy.

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Three-Property Duplex Package

552 Laprairie St, Ferndale, MI 48220

$1,000,000

Three adjacent income properties feature private entrances, full basements, separate laundry, and detached garages with individual stalls.

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Three-Property Duplex Package

544 Laprairie St, Ferndale, MI 48220

$1,000,000

Adjacent two-family homes with separate entrances, basements, laundry areas, and detached garage stalls.

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Updated Two-Unit Duplex

316 Spencer St, Ferndale, MI 48220

$339,900

Separate utility meters support straightforward operation across the two residential units.

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Duplex with Private Entries

366 W Bennett Ave, Ferndale, MI 48220

$325,000

Two residences offer individual kitchens, laundry areas, and full bathrooms for separate occupancy.

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Duplex with Separate Utilities

351 Edgewood Pl, Ferndale, MI 48220

$400,000

Well-maintained duplex with separate metering, individual laundry, and three off-street parking spaces.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 13 Active listings in Ferndale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Unit Duplex Property

449 W Evelyn Avenue, Hazel Park, MI 48030

$185,000

1,134 sqft 0.07 AC lot

Multi-Family zoning supports two rented three-bedroom, two-bath units with vinyl exteriors and wall-furnace heating.

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Rented Four-Bedroom Duplex

449 W Evelyn Ave, Hazel Park, MI 48030

$185,000

1,134 sqft

Income-producing duplex with two spacious residential units and Multi-Family zoning in Hazel Park.

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Two-Unit Brick Duplex

20487 Stratford Road, Detroit, MI 48221

$239,000

2,914 sqft 0.11 AC lot

Upper and lower residences include updated kitchens, full bathrooms, a basement, and a two-car garage.

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Brick Duplex with Two Garages

20487 Stratford Rd, Detroit, MI 48221

$239,000

All-brick duplex with two units, each with three bedrooms, full bathrooms, kitchens with appliances, and a basement.

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Off-Market Properties in Ferndale, MI

Consider similar Off-Market properties in Ferndale, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

BOARDING/ROOMING HOUSE

477 Marshall St, Ferndale, MI 48220-2418

$180,000

Estimated value

5,002 sqft 0.13 AC lot

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Multifamily properties

415 Hilton Rd, Ferndale, MI 48220

Value Estimation by Request

1,656 sqft

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Multifamily properties

345 Marshall St, Ferndale, MI 48220

Value Estimation by Request

3,850 sqft

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Multifamily properties

695 Livernois St, Ferndale, MI 48220

Value Estimation by Request

3,986 sqft

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Ferndale, MI Multifamily Properties Market Trends and Statistics

Explore 17 multifamily properties for sale in Ferndale, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 17,668 square feet of properties for sale, with an estimated market value of $7,461,700.

Sale prices for multifamily properties in Ferndale, MI start at $249,900, averaging $573,976, and reaching up to $1,099,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 22K

Population Growth (5Y) -5.7%

Median Household Income $86,095

College Educated 72.2%

High-Yield Neighborhoods for Investment

Identify Ferndale submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
48220	$512.2K

Taxes & Financing

Tax Rate (average for all types) 4.51%

Property Tax per SF $25.33 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Oakland County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Ferndale fall within the 5,000 to 10,000 square foot range.

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