$270,000

518 E Troy St Ferndale, MI 48220

Estimated payment $1,737/month

Total Views 152
3 Beds
2 Baths
1,494 Sq Ft
$181 Price per Sq Ft

Highlights

  • Craftsman Architecture
  • Forced Air Heating System
  • Laundry Facilities
  • Covered Patio or Porch
  • Private Entrance

About This Home

Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you’ll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you’ll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio.

24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.

Listing Agent

Jessica Juel

Arterra Luxe Collection LLC License #6501418220 Listed on: 08/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1949

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 42x118
  • Private Entrance
  • Back Yard Fenced

Home Design

  • Craftsman Architecture
  • Bungalow
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,494 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Paved Parking
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2534228003

Community Details

Overview

  • 2 Units
  • The Little Farms Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,174

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Craftsman
  • Architecture Level: 2 Story
  • Year Built: 1949
  • State Equalized Value: 127100.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Common
  • Sq Ft Combined: 1494
  • Total Sq Ft: 1494
  • Sq Ft Total Bsmt: 854

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Private Entry, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 42
  • Porch Type: Porch - Covered, Porch, Covered
  • Road Frontage Type: Paved
  • Sideof Street: S
  • Fencing: Back Yard, Fenced

Garage/Parking

  • MF Parking: On Street, Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Ferndale

Lot Info

  • Lot Size Area: 0.08
  • Lot Dimensions: 42x118
  • Parcel Number: 2534228003
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2245

Tax Info

  • Tax Amount Summer: 3087.0000
  • Tax Amount Winter: 87.0000
  • Total Tax: 3174.0000
  • Taxable Value: 41430.0000

Multi Family

  • Gross Scheduled Income: 26940.00
  • Number Of Units Total: 2
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ferndale

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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
2024 $3,087 $127,100 $0 $0
2023 $2,972 $120,420 $0 $0
2022 $2,938 $127,970 $0 $0
2021 $2,929 $115,860 $0 $0
2020 $2,809 $114,940 $0 $0
2019 $2,828 $99,280 $0 $0
2018 $3,089 $83,910 $0 $0
2017 $2,900 $77,480 $0 $0
2016 $2,744 $64,360 $0 $0
2015 -- $55,320 $0 $0
2014 -- $29,230 $0 $0
2011 -- $38,730 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2025 08/23/25 For Sale $270,000 0.0% $181 / Sq Ft
07/01/2023 07/01/23 Rented $1,250 0.0% --
06/08/2023 06/08/23 Under Contract -- -- --
05/17/2023 05/17/23 Price Changed $1,250 -7.4% $2 / Sq Ft
03/06/2023 03/06/23 For Rent $1,350 +50.0% --
12/19/2022 12/19/22 Rented $900 0.0% --
12/16/2022 12/16/22 Under Contract -- -- --
12/08/2022 12/08/22 Price Changed $900 -5.3% $1 / Sq Ft
11/29/2022 11/29/22 Price Changed $950 -5.0% $1 / Sq Ft
10/30/2022 10/30/22 Price Changed $1,000 -4.8% $2 / Sq Ft
10/17/2022 10/17/22 Price Changed $1,050 -6.7% $2 / Sq Ft
09/14/2022 09/14/22 For Rent $1,125 +21.6% --
10/10/2020 10/10/20 Rented $925 0.0% --
09/20/2020 09/20/20 Under Contract -- -- --
09/05/2020 09/05/20 For Rent $925 0.0% --
09/01/2020 09/01/20 Under Contract -- -- --
08/22/2020 08/22/20 For Rent $925 -26.0% --
03/23/2019 03/23/19 Rented $1,250 0.0% --
02/27/2019 02/27/19 Under Contract -- -- --
01/26/2019 01/26/19 For Rent $1,250 -- --
Source: Realcomp

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $128,000 Visionary Title Agency Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Similar Homes in Ferndale, MI

  • 475 W Breckenridge St, Ferndale, MI 48220

    $339,900

    • 4 Beds
    • 2 Baths
    • 1,911 Sq Ft
    • 475 W Breckenridge St
    • Ferndale, MI

    Fantastic opportunity to own a versatile multifamily home just steps from downtown Ferndale! A welcoming covered front porch invites you in, while the upstairs unit offers both front and back balconies for enjoying the outdoors. The spacious entry-level unit features three bedrooms and one full bath with bright living and dining spaces. Upstairs, the second unit provides two bedrooms, one full

    Jim Shaffer Good Company

    Section Image
  • 392 E Cambourne St, Ferndale, MI 48220

    $270,000

    • 3 Beds
    • 3 Baths
    • 1,416 Sq Ft
    • 392 E Cambourne St
    • Ferndale, MI

    Income generating Ferndale duplex within walking distance to downtown! This is a perfect opportunity to live in one unit while renting out the other, or lease out both units for maximum income generating potential. Currently rental certified through the city until 7/3/26. Units are separately metered for gas and electric, with one meter for water that is prorated 75%/25% between lower and upper

    Katie Yates Brookstone, Realtors LLC

    Section Image
  • 421 W Troy St, Ferndale, MI 48220

    $340,000

    • 3 Beds
    • 2 Baths
    • 1,334 Sq Ft
    • 421 W Troy St
    • Ferndale, MI

    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

    Section Image
  • 243 W Webster St, Ferndale, MI 48220

    $260,000

    • 3 Beds
    • 2 Baths
    • 1,291 Sq Ft
    • 243 W Webster St
    • Ferndale, MI

    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

    Section Image
  • 1364 W Saratoga St, Ferndale, MI 48220

    $325,000

    • 4 Beds
    • 2 Baths
    • 1,479 Sq Ft
    • 1364 W Saratoga St
    • Ferndale, MI

    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

    Section Image
  • 1416 Leroy St, Ferndale, MI 48220

    $329,999

    • 4 Beds
    • 2 Baths
    • 1,244 Sq Ft
    • 1416 Leroy St
    • Ferndale, MI

    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

    Section Image

Source: Realcomp

MLS Number: 20251028932

Realcomp

APN: 25-34-228-003