$1,150,000
695 Livernois St, Ferndale, MI 48220
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 multi-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
Alina Valentine KW Metro
Explore Ferndale
$320,000
1364 W Saratoga St, Ferndale, MI 48220
Delightful updated duplex located just two blocks from 9 Mile in a sought-after neighborhood! This multi-family property features a welcoming front porch, attractive wood flooring, and modern kitchens in both units. Each unit has 2 bedrooms and 1 bathroom. The freshly painted unit on the first floor presents a roomy living area that connects to the dining space, while the second-floor unit comes
Bella Brookenthal Real Estate One-W Blmfld
$319,900
1416 Leroy St, Ferndale, MI 48220
Fantastic investment opportunity to own a duplex located in the highly sought after city of Ferndale. Building offers great opportunities from a first-time home buyer who can live in one unit and rent out the other or any investor to add to their portfolio and own in a fantastic and quickly growing community. Each unit is 2 bedrooms 1 full bathroom. First floor offers a beautiful covered front
Spencer Ray Jim Saros Real Estate Services
$455,000
242 W Webster St, Ferndale, MI 48220
Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+
Wendi Miller Good Company
$347,500
301 Spencer St, Ferndale, MI 48220
Step into timeless charm with this beautifully maintained 4 bedroom, 2-bath historical home, filled with character and original woodwork throughout. Currently used as a single-family residence, but the flexible layout can easily function as a duplex/flat, offering a kitchen, bath, and two bedrooms on each floor—perfect for multigenerational living or rental income (the upstairs kitchen is
Heather Harris Berkshire Hathaway HomeServices Kee Realty
$375,000
1785 Channing St, Ferndale, MI 48220
Fantastic move-in-ready investment with immediate income potential. This updated and fully rental-certified, low maintenance Ferndale duplex checks all the right boxes. The tenant can pay your mortgage while you enjoy building equity - an investor or house hacker's dream. Both units have been thoughtfully remodeled and impeccably maintained, with modern kitchens, ceramic tile baths featuring
Jan Dijkers Berkshire Hathaway HomeServices The Loft Warehouse
$340,000
421 W Troy St, Ferndale, MI 48220
Showing times are limited due to the tenants at home work schedule. Please make all requests to show with as much lead time as possible. Welcome to one of the best blocks in Ferndale where charm, community, and convenience come together in a city known for its vibrant energy and eclectic spirit. Ferndale is for fun, and this fantastic multi-family property places you right in the heart of it
Nancy Robinson Real Broker Berkley
$375,000
1545 W 9 Mile Rd, Ferndale, MI 48220
Welcome to 1545 W Nine Mile, a stylish and well-maintained duplex in the heart of Ferndale, featuring two identical 2-bedroom, 1-bath units—perfect for investors or house hackers. Each unit offers bright, spacious living areas, updated kitchens with modern finishes, in-unit laundry, and private entrances, creating a comfortable and functional living experience. Both units are occupied providing
Joe Hammel Keller Williams Somerset
$260,000
243 W Webster St, Ferndale, MI 48220
Perfect opportunity to invest in Ferndale!! Just North of 8 mile, this property boasts a prime location on a picturesque tree-lined street. This duplex boasts a solid structure and a prime location. Entry level unit has a very large covered porch. Upper has an enclosed private covered landing. House includes a full basement which houses a washer/dryer tenants utilize and share as well as plenty
Johanna Walker O'Connor Realty Detroit, LLC
$1,200,000
575 E Troy St, Ferndale, MI 48220
The Troy Street Apartments are located in Ferndale, Michigan conveniently off of Woodward and Troy Street. The property consists of 8 apartment units which are 100% occupied grossing over $8,365 per month in rent. These are loft style apartments consisting of 5 one bedroom one bath, and 3 two bedroom one bath units.The property is located on the heart of Ferndale, walkable to many popular
Brady Williams Greater Development LLC
$1,400,000
23525 Woodward Ave, Ferndale, MI 48220
Trevor Foster EXP Realty
Ferndale, Michigan, located 11 miles north of Detroit, is a progressive city with a population of about 19,000 residents. Known for its inclusivity and sustainability, Ferndale is home to the largest free Pride Festival in the state and boasts a lively downtown district filled with rainbow-colored crosswalks, murals, and diverse storefronts. The intersection of Nine Mile Road and Woodward Avenue forms the heart of downtown, offering a variety of things to do, including shopping at specialty stores, dining at all-American restaurants, and enjoying the vibrant nightlife. Parks such as Garbutt Park and Harding Park provide recreational spaces, while Martin Road Park becomes a hub for sledding in the winter. Homes in Ferndale, ranging from Tudor Revivals to bungalows built between the 1920s and 1940s, sell faster than the national average and are more affordable compared to nearby cities. The city hosts numerous events, including the Woodward Dream Cruise and various art fairs. Commuting is facilitated by major thoroughfares like Interstate 75 and Interstate 696, with bike lanes and limited bus stops also available. Residents may experience traffic jams due to trains, though recent legislation aims to reduce congestion. Ferndale Public Schools serve the community. Despite flood concerns, the city employs proactive measures to address these issues.
On average, homes in Ferndale, MI sell after 28 days on the market compared to the national average of 52 days. The median sale price for homes in Ferndale, MI over the last 12 months is $256,250, consistent with the median home sale price over the previous 12 months.
In Ferndale, there are currently 11 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $260,000 to $1,400,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Ferndale is $265,000, while the average sale price is $281,275, offering insights into the local housing market. On average, multi-family homes spend 28 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Ferndale, MI.
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