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Listed price in listed location currency (USD).
$299,900

020

MLS® 20261042215

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 1538 sqft
Garage 
Taxes $8,640
Days Active 90
Lot Size 0.11 Acres
Approx. Age 1923
Avg. Price Per Sqft $194
MLS® Number 20261042215

Property Address: 1529 Silman St, Ferndale, MI, 48220-2615

Average square foot calculated using Size range provided by listing agent.

Description

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
MLS® Number20261042215
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1923
BasementUnfinished
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/C

Extras

Price History

Last Sold Price

$279,000$279K

Appreciation

--

Avg. Days Listed

43 days

Today, For Sale for $299,900

Inviting front facade featuring a covered porch, white column supports, and a dark entry door
For Sale · 90 days

$299,900

MLS® 20261042215

3 months ago

Not Sold Yet

June 2026, For Sale for $299,900

Inviting front facade featuring a covered porch, white column supports, and a dark entry door
For Sale · 90 days

$299,900

MLS® 20261042215

3 months ago

Not Sold Yet

November 2024, Sold for $279,000

Sold · 79 days

$279,000$290,000

MLS® 20240066965

2 years ago

Sold on Nov 25, 2024

October 2023, Leased for $1,100

50122988.JPG
Leased · 6 days

$1,100

MLS® 58050122988

3 years ago

Sold on Oct 2, 2023

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