NOT LISTED FOR SALE

2932 Grayson St Ferndale, MI 48220

Ferndale Area

Estimated Value: $241,346

1 Bed
2 Baths
1,400 Sq Ft
$172/Sq Ft Est. Value

Sale Details

Date Sold: December 8, 2025

Last sale price $240,000 $171 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,516 / mo

11 Days on Market

Highlights

  • Programmable Thermostat
  • Private Entrance
  • High Speed Internet
  • Forced Air Heating and Cooling System
  • ENERGY STAR Qualified Windows

About This Home

As of December 2025

Beautifully updated duplex in Ferndale; an investment property or owner/occupant opportunity. An exceptional investment property, perfect for house hackers, or long-term owners looking for strong rental potential. Beautifully maintained two-unit duplex has been lovingly cared for by the same family for many years and offers both comfort and versatility in a very desirable location. Each unit has approximately 700 square feet of well-designed living space, including 1 bedroom, 1 bath, in-unit laundry, a dining area, a spacious living room, and access to a shared utility room – a total of 1,400 sq.ft. across the property. Both units are exceptionally clean and updated with fresh paint, new carpet and appliances, renovated bathrooms, and newer windows, ensuring low maintenance for years to come. Enjoy charming front and back porches, a large backyard, and on-street parking. Though the property is listed under a single parcel ID, each unit has separate addresses, individual utility meters, providing convenience and flexibility for managing tenants or multi-generational living. Located in a prime Ferndale neighborhood, this multi-family home is within walking distance to Woodward Heights and Hilton, across the street from Ferndale’s Early Childhood Development Center, and close to local parks, shopping, dining, and nightlife. It’s the perfect blend of community charm and urban convenience. This is a rare duplex for sale in Ferndale for less than the price of a single condo! Live in one and rent the other for passive income, use one as a guest suite or home office, or rent both for an excellent cash-flow opportunity! Whether you’re seeking a turnkey rental property, a multi-family investment, or a comfortable home with income potential, this duplex is a smart and exciting buy that delivers!
Schedule your showing today and see why this Ferndale income property stands out as one of the best opportunities on the market.

Last Agent to Sell the Property

Nancy Robinson

Real Broker, LLC Berkley License #6501293614 Listed on: 11/07/2025

Co-Listed By

Caren Goldstone

Real Broker, LLC Berkley License #6501330043

Last Buyer's Agent

Kenneth Ritter

License #6506036671

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1955 | Remodeled in 2025

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 48x105
  • Private Entrance
  • Back Yard Fenced

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,400 Sq Ft Home
  • ENERGY STAR Qualified Windows
  • Crawl Space

Laundry

  • Laundry in unit
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2527279009

Community Details

Overview

  • 2 Units
  • Campbell Heightsno 1 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1955 | Remodeled in 2025

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: ResidentialIncome
  • Year Built: 1955
  • State Equalized Value: 115550.00
  • Year Renovated: 2025
  • Pets Allowed: Yes
  • Property Sub Type: MultiFamily
  • LotSizeAcres: 0.12
  • Co List Office Mls Id: 43149719
  • Co List Office Phone: 2482241013
  • Co List Office Mls Id: 43149719
  • Above Grade Finished Sq Ft: 1400.00
  • Living Area: 1400.00
  • ClassName: ResidentialIncome
  • ThirdPartyApprovalRequiredYN: No
  • Special Features: NewHome

Interior Features

  • Interior Amenities: HighSpeedInternet, ProgrammableThermostat
  • Fireplace: No
  • Basement: No
  • Full Bathrooms: 2
  • Window Features: EnergyStarQualifiedWindows

Exterior Features

  • Waterfront: No
  • Foundation Details: CrawlSpace
  • Construction Materials: AluminumSiding, VinylSiding
  • Exterior Features: Lighting, PrivateEntrance
  • Road Frontage Type: Paved
  • Sideof Street: E
  • Fencing: BackYard
  • Disclosures: AnnualPropertyOperatingDataNotAvailable, ConformstoZoning, LegalRentalCertified, ProjectedIncome, TaxesNotHomesteadExempt
  • Roof: Asphalt

Garage/Parking

  • Garage: No

Utilities

  • Cooling: CentralAir
  • Heating: ForcedAir, NaturalGas
  • Sewer: PublicSewer
  • Water Heater Fuel: NaturalGas
  • Water Source: Public
  • Laundry Features: GasDryerHookup, InUnit, WasherHookup
  • Electric: CircuitBreakers
  • Utilities: AboveGroundUtilities, CableAvailable

Fee Information

  • Operating Expense: 4000.00

Schools

  • Junior High Dist: Ferndale

Lot Info

  • Lot Dimensions: 48X105
  • Parcel Number: 2527279009
  • Zoning Description: Residential

Rental Info

  • Monthly Rental Income: 1800.00

Tax Info

  • Tax Amount Summer: 2247.00
  • Tax Amount Winter: 61.00
  • Tax Annual Amount: 2308.00

Multi Family

  • Gross Scheduled Income: 21600.00
  • Number Of Units Total: 2
  • Above Grade Finished Area Units: SquareFeet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2025
Closed on
Dec 8, 2025
Sold by
Bought by
Seller's Agent
Nancy Robinson
Real Broker, LLC Berkley
Buyer's Agent
Kenneth Ritter
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%
Views
42
Current Estimated Value
$241,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,346
Avg. Annual Appreciation
0.79%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$240,000 Ata National Title
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/08/2025 12/08/25 Sold $240,000 +2.1% $171 / Sq Ft
11/18/2025 11/18/25 Pending -- -- --
11/07/2025 11/07/25 For Sale $235,000 -- $168 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,315 $117,800 $0 $0
2024 $2,208 $115,550 $0 $0
2023 $2,123 $96,580 $0 $0
2022 $2,123 $87,530 $0 $0
2021 $2,123 $81,200 $0 $0
2020 $2,086 $74,330 $0 $0
2019 $2,052 $67,180 $0 $0
2017 $0 $57,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20251049178

Realcomp

APN: 24-25-27-279-009-01

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