Ferndale MI Multi-Family Real Estate, Homes for Sale

3 Baths ⋅ 20261072930 MLS

125x105 Lot (Five 25x105 lots) with a huge attached 23x24 garage! House is currently set up as an up/down duplex with a full basement featuring a full bath and family room. Great for 1st time home buyers as they can rent one of the units, or convert it back. Garage (door) also opens to a 125 foot wide privacy fenced backyard complete with a brick oven/BBQ, deck, 2 patios, putt-putt greens, play structure, and a small pool. Updated roof, both kitchens, all 3 baths, windows, hardwood floors, electrical. Also see MLS# 20261072919 for room sizes and more. Make your appointment today!

2341 Mcdowell St, Ferndale

Courtesy of Real Broker, LLC Birmingham 2485414900

$339,900

2 Baths ⋅ 20261068082 MLS

Charming Ferndale multi-family with tons of upside! The entry-level unit features hardwood flooring throughout, an updated kitchen with granite countertops and stainless-steel appliances, plus a welcoming front sitting porch. This level offers 2 bedrooms and 1 full bath. Upstairs, the second-story unit is a bright 1-bed, 1-bath layout with its own updated kitchen, stainless appliances, and matching new flooring throughout. Utilities are separately metered for each unit, making this an easy, low-hassle property to manage. Live in one unit and rent the other to offset your mortgage (house hacking at its finest) or add this turnkey duplex to your investment portfolio — either way, this one works hard for you. Major systems have all been updated within the last 10 years, including the roof, electrical, plumbing, HVAC, gutters, and basement waterproofing, giving you real peace of mind from day one. Move-in ready and income-ready — don't miss this Ferndale gem!

316 Spencer St, Ferndale

Courtesy of @properties Christie's Int'l R.E. Birmingham 2488508632

$1,000,000

2 Baths ⋅ 20261069204 MLS

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

544 Laprairie St, Ferndale

Courtesy of RE/MAX First 2483754000

$1,000,000

2 Baths ⋅ 20261069139 MLS

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

538 Laprairie St, Ferndale

Courtesy of RE/MAX First 2483754000

$1,000,000

2 Baths ⋅ 20261069206 MLS

Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways. With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package. The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances. From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete. Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership. | Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor. If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.

552 Laprairie St, Ferndale

Courtesy of RE/MAX First 2483754000

$225,000

3 Baths ⋅ 20261067536 MLS

Excellent investment opportunity in Ferndale! This fully occupied bungalow-style duplex features a 2-bedroom, 1-bath lower unit and a 1-bedroom, 1-bath upper unit, providing immediate rental income with an opportunity to increase revenue through below-market in-place rents. The upper unit features an updated kitchen and bathroom, stainless steel appliances, updated cabinetry, and updated flooring. Additional property highlights include a gas fireplace in the lower unit, basement with laundry, half bath and ample storage, plus a fenced backyard, large rear deck, covered front porch, and detached 1.5-car garage. Ample parking is available in the garage, driveway, and on the street. Located less than 1.5 miles from downtown Ferndale with convenient access to I-696, the property is close to shopping, dining, entertainment, and major commuter routes. An established Oakland County location, strong rental demand, and below-market rents make this an attractive opportunity for investors seeking immediate cash flow with future upside. Please do not disturb the tenants.

617 E Bennett Ave, Ferndale

Courtesy of Forward Commercial Group 2486625066

$305,000

2 Baths ⋅ 20261064731 MLS

Calling all investors! Check out this well-maintained duplex located in desirable Ferndale. Both units are tenant occupied, offering immediate cash flow and strong long-term investment potential. The main floor unit features an updated kitchen with modern cabinetry and flooring, renovated bathroom with contemporary finishes and updated interior. Second unit kitchen has a stainless steel gas range, large bedroom and it's own dedicated exterior entrance. Laundry facilities are located on site with common storage areas in the basement. Walkable to downtown Ferndale shops and restaurants, this tenant occupied duplex is ready to be your new investment property!

3021 Goodrich St, Ferndale

Courtesy of KW Showcase Realty 2483602900

$249,900

4 Beds ⋅ 2 Baths ⋅ 58050217968 MLS

Investor Special in Desirable Ferndale! Excellent investment opportunity in one of Ferndale's most sought-after neighborhoods. This well-maintained two-unit bungalow offers strong income potential with only minor cosmetic updates needed. The property already has a Certificate of Compliance, making it an attractive option for investors or owner-occupants. The lower unit features three bedrooms, one full bath, a spacious living room, dining room, and a full kitchen. The upper unit includes one bedroom, one full bath, living room, and a full kitchen. Shared laundry facilities in the basement, separate gas and electric utilities for each unit, with the owner responsible for water. Off-street parking. One other duplex available.

1949 Leitch Rd, Ferndale

Courtesy of Real Estate One Chesterfield 5865981400

$249,900

3 Beds ⋅ 2 Baths ⋅ 58050217967 MLS

Investor Special in Desirable Ferndale! Excellent investment opportunity in one of Ferndale's most sought-after neighborhoods. This well-maintained two-unit bungalow offers strong income potential with only minor cosmetic updates needed. The property already has a Certificate of Compliance, making it an attractive option for investors or owner-occupants. The lower unit features two bedrooms, one full bath, a living room, dining room, and a full kitchen. The upper unit includes one bedroom, one full bath, living room, and a full kitchen. Shared laundry facilities in the basement, separate gas and electric utilities for each unit, with the owner responsible for water. Off-street parking provides added convenience for tenants. Owner has one other unit available in Ferdale.

320 E Cambourne St, Ferndale

Courtesy of Real Estate One Chesterfield 5865981400

$360,000

5 Baths ⋅ 20261058108 MLS

Fully occupied two-unit bungalow offering immediate cash flow and outstanding long-term investment potential. This well-maintained property features numerous recent updates, including both furnaces (2024), roof (2023), one hot water heater (2023), and a complete gut renovated of both kitchens and all bathrooms (2018). The main unit offer 2 bedrooms, 2 full baths, 2 half-baths, while the upper unit offers 2 beds and 1 bath. Additional highlights include a full basement, a spacious backyard, and separate entrances that appeal to long-term tenants. A turnkey investment opportunity with proven rental history, conveniently located just minutes from downtown Ferndale and close to shopping, dining, parks, and major amenities. Do Not Disturb Tenants.

1447 Albany St, 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

$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

$275,000

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

$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

Browse All Ferndale MI Multi-Family Properties for Sale

Ferndale Multi-Family Real Estate