Browse All Ferndale MI Multi-Family Properties for Sale

3 Baths ⋅ 20261057355 MLS

Excellent investment opportunity in Ferndale! This fully occupied bungalow-style upper and lower duplex features a lower unit with 2 bedrooms and 1 bathroom and an upper unit with 1 bedroom and 1 bathroom, providing immediate in-place rental income. The upper unit includes an updated kitchen and bathroom with stainless steel appliances, updated cabinetry, and updated flooring. Additional features include a gas fireplace in the lower unit, basement with laundry, a half bath, and generous storage space. Outside, the property offers a fenced backyard, large rear deck, covered front porch, and a detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Conveniently located less than 1.5 miles from downtown Ferndale with easy access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. The asset also presents a compelling value-add opportunity through below-market in-place rents, offering investors the ability to increase revenue over time while benefiting from continued demand in an established Oakland County submarket. Please do not disturb the tenants.

617 E Bennett Ave, Ferndale

Courtesy of Forward Commercial Group 2486625066

$349,000

2 Baths ⋅ 20261057181 MLS

Turnkey Ferndale duplex, recently vacated and offering an opportunity to set new rents from scratch. This property is ideal for an investor or an owner-occupant looking to live in one unit while leasing the other. The main-level unit offers 2 bedrooms and 1 full bath, and the upper unit offers 1 bedroom and 1 full bath. The units share a basement laundry, 2-car detached garage, and sizable backyard. Each unit has its own furnace and hot water heater. Prior to recent vacancy, the units demonstrated strong rental performance: the upper unit as a furnished mid-term rental at $1,478/month with 96% occupancy; and the lower unit to a long-term tenant at $1,735/month. The property has been meticulously maintained and updated, with recent improvements including central air added to the upper unit, two new water heaters, PEX hot and cold water supply plumbing, a gutted and remodeled upper unit bath, and stainless steel appliances, among many more. Contact the listing agent for a full list of updates. A rare opportunity to acquire an updated duplex with a history of strong rental performance in one of Metro Detroit's most walkable, in-demand communities!

967 Alberta St, Ferndale

Courtesy of DOBI Real Estate 2483853350

$555,000

4 Baths ⋅ 20261054985 MLS

H&B Due on 7/21/26 at NOON. "GREAT OPPORTUNITY FOR INVESTOR IN FERNDALE"! Two Units - Address 415-445 Hilton RD. There are 7 units partially remodeled, recently painted, with new flooring, some mechanicals, roof, gutters, and exterior finishes. Unit 8 is used for laundry faciality's for all 7 units. Parking for all units and trash disposal. All units are vacant at this time. Property is located in heart of Ferndale, highly sought out community and close to Downtown! Excellent for short or long term rental. Endless opportunities for this property. PRICED TO SELL!

415 Hilton Rd, Ferndale

Courtesy of Realty Executives Home Towne 8109821400

$275,000

2 Baths ⋅ 20261054878 MLS

Versatile multifamily home in Ferndale offering two move-in ready units with the flexibility to easily convert back to a single family residence. Covered front porch welcomes you into the spacious lower unit, featuring a bright living room with coved ceilings, a large front window, and vinyl plank flooring that carries throughout. Classic archways lead to a central dining area connecting to the back kitchen with ample cabinetry. Two nicely sized bedrooms share a full bath down the hallway. The upper unit offers one bedroom, a full bath, a roomy kitchen with built-in shelving, and a comfortable living room with lots of natural light. Off the living area, a bonus room with vaulted ceilings makes a great spot for an office, nursery, or additional lounge space. Shared unfinished basement provides laundry, a workbench, and plenty of storage. Large fenced backyard with mature shade trees offers room to relax and play. Welcome Home!

1936 Farrow St, Ferndale

Courtesy of Good Company 2487335811

$325,000

2 Baths ⋅ 20261052915 MLS

**Investor Opportunity in the Heart of Ferndale!** Unlock the potential of this versatile property. Restore it to a spacious single-family home or continue using it as a duplex. Live in one unit while generating rental income from the other or add it to your investment portfolio. The possibilities are endless for buyers with vision. Conveniently located near downtown Ferndale, shopping, dining, parks, and major freeways. Property is being sold **AS IS**. In addition to driveway, there is a parking lot at the back of the home, accessible through the alley. Please note sellers' disclosure on condition, required work (structure, roof, cosmetic). House is offered "as is, where is" to allow buyer room for customization in renovations. Property will be marketed "as is, where is" for a limited time, and if unsold, seller will make improvements and re-list later.

317 E Maplehurst St E, Ferndale

Courtesy of KW Domain 2485900800

$300,000

2 Baths ⋅ 20261036189 MLS

This Duplex is located in Ferndale. It is perfect of the house hacker or investor looking for cash flow. The building is set up for 3 units. The basement is currently unfinished. The main floor unit has 2 bedrooms, updated kitchen and full bath, a formal dining room, and living room. The upper unit is 1 bed, 1 bath with an updated kitchen. Both units have there own laundry. Being sold furnished with an approved offer. The home is located close to Downtown Ferndale, Royal Oak, Shopping and Freeways. There is a 3D tour available, please take a look at that prior to scheduling a tour. Agents, please read the agent remarks to better inform yourself and clients.

437 W Bennett Ave, Ferndale

Courtesy of Brookstone, Realtors LLC 2489630501

$335,000

2 Baths ⋅ 20261047536 MLS

This great Ferndale home offers exceptional flexibility as a high performing income generating property! Use it as your own home with multiple kitchens and baths, rent out both upper and lower units or enjoy the best of both worlds by living in one and renting out the other. This home features classic cove ceilings, hardwood floors, kitchens with quartz counter tops, newer appliances, updated bathrooms and 2 forced air HVAC systems with central AC to ensure comfort! A large yard and a true Ferndale FEEL make this home a must see. For those seeking versatile living options, this is a rare opportunity you won’t want to miss! Turn key, income producing, City of Ferndale rental certified property or a great single home for you!

634 E Lewiston Ave, Ferndale

Courtesy of KW Metro 2482883500

$314,900

2 Baths ⋅ 20261042215 MLS

Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income. The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income. The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants. Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment. Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio. Schedule your private tour! Lower unit is currently leased for $1725 and is for a 1 year term May 2026 through April 2027 Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027

1529 Silman St, Ferndale

Courtesy of Anthony Djon Luxury Real Estate 2487474834

$249,000

2 Beds ⋅ 2 Baths ⋅ 58050210530 MLS

690 E Marshall St, Ferndale

Courtesy of Professional Leasing & Sales LLC 5869969900

$749,900

5 Baths ⋅ 20261032761 MLS

Discover the future of living and investing—a seamlessly blended residential and commercial opportunity tailored for the ambitious young professional or savvy investor. This unique tri-unit property not only offers stylish, modern living spaces but also features mixed-use zoning, allowing you to dream big and diversify your investment portfolio. Whether you envision a bustling storefront, a chic salon, a Law Office, a Boutique Hotel, a profitable Airbnb venture, or a mixture of all - this property is your canvas. A one-of-a-kind investment breathing new meaning into the phrase Live-Work-Play. Seize the opportunity to shape your future in a place where lifestyle meets opportunity. This property is not just a building; it’s a gateway to a life of entrepreneurial freedom and residential bliss in one of the most spirited neighborhoods in Michigan. Engage with a property that will grow with your ambitions. Schedule your visit today and explore how your vision can turn into reality. Comprehensive marketing package available - Please reach out. BATVAI.

695 Livernois St, Ferndale

Courtesy of KW Metro 2482883500

$400,000

3 Baths ⋅ 20261040998 MLS

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is tenant occupied with a one year lease. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

351 Edgewood Pl, Ferndale

Courtesy of The Stephan Group 2485902067

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IDX provided courtesy of Realcomp II Ltd., via Real Estate Company. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.

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