Multi Family in Ferndale, MI
Closed

$715,000

Original list price: $749,900

Sold

695 Li••••• St (Sign up for 50 free credits to unlock)Ferndale, MI 48220

5Beds
5Baths
3,186Sq Ft Living
4,356Sq Ft Lot
1942Year Built

Property Description

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.

Property Facts & Features

Property Type
Multi Family
Status
Closed
Listed
Jun 4, 2026
Sold
Sep 24, 2026
List Price
$749,900
Price per Sq Ft
$224/sqft
ZIP Code
48220
Full Baths
5
Stories
2
Heating
Forced Air
Cooling
Central Air
Construction
Brick, Vinyl
Style
Triplex, Traditional
Property Tax (2025)
$19,422/yr
Assessed Value
$310,300
County
Oakland
School District
Ferndale Public Schools
Cats
Allowed
Dogs
Allowed

Estimated Value

$711,900Range $187,900 to $910,738

Automated estimate. Not an appraisal.

Features & Amenities

Bedrooms

  • Bedrooms: 5

Bathrooms

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5

Land Info

  • Lot Size Acres: 0.1
  • Lot Size Dimensions: 41 x 110
  • Lot Size Square Feet: 4356

Utilities

  • Sewer: Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Other Rooms

  • Basement Description: Finished,Private,Bath/Stubbed

Rental Info

  • Gross Scheduled Income: 115500

Commercial Info

  • Net Operating Income: 87705

Multi-Unit Info

  • Number of Units: 3
  • Number of 1 Bedroom Units: 1
  • Number of 2 Bedroom Units: 2

Garage and Parking

  • Garage Description: Garage, Assigned, On Street

School Information

  • School District: Ferndale

Heating and Cooling

  • Cooling Features: Central Air
  • Heating Features: Forced Air
  • Heating Fuel: Natural Gas
  • Heating: Yes
  • Water Heaters: Natural Gas

Other Property Info

  • Annual Tax Amount: 7173
  • Source Listing Status: Sold
  • County: Oakland
  • Directions: N of 8 Mile Rd. & W of Woodward Ave
  • Area: Ferndale
  • Source Neighborhood: Ferndale
  • Ownership Type: Short Sale - No,Private Owned
  • Parcel Number: 2533435027
  • Postal City: Ferndale
  • Postal Code Plus 4: 2303
  • Zoning: Commercial,Multi-Family,M

Homeowners Association

  • Pets Allowed: Yes

Building and Construction

  • Total Square Feet Living: 3186
  • Year Built: 1942
  • Construction Materials: Brick, Vinyl
  • Foundation Details: Basement, Block
  • Levels: 2 Story
  • Living Area Source: Estimated
  • Property Age: 84
  • Roof: Asphalt
  • Levels or Stories: 2 Story
  • House Style: 2 Story
  • Total Area Lower: 830
  • Total Area Sqft: 4016
  • Total Below Grade Area: 830
  • Year Remodeled: 2023
  • Architectural Style: Triplex, Traditional

Exterior and Lot Features

  • Private Entry
  • Frontage Length: 41
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Porch Description: Balcony,Porch - Covered,Deck,Porch,Covered

Price & Event History

DateEventPrice$/Sq Ft
Sep 27, 2026Listing removed$2,350$2
Sep 27, 2026Listing removed$2,150$3
Sep 24, 2026Sold$715,000$224
Jun 5, 2026Listing removed--
Jun 4, 2026Listed for rent$2,350$2
Jun 4, 2026Listed for rent$2,150$3
Jun 4, 2026Listed$749,900$235
Mar 5, 2026Listing removed--
Feb 20, 2026Listed$775,000$243
Feb 20, 2026Listing removed--
Dec 16, 2025Listing removed--
Dec 15, 2025Listed$925,000$290
Dec 15, 2025Listed for rent$1,650$2
Dec 15, 2025Listed for rent$2,350$2
Dec 15, 2025Listed for rent$2,150$3
Nov 10, 2025Listing removed--
Nov 9, 2025Listed$950,000$298
Sep 1, 2025Listed$1,150,000$361
Sep 30, 2024Listing removed--
Aug 30, 2024Listing removed--
Aug 29, 2024Listed$875,000$275
Aug 20, 2024Listing removed--
Aug 19, 2024Listed$1,150,000$289
Aug 9, 2024Listed for rent$1,199$1
Aug 9, 2024Listed for rent$2,208$3
Aug 9, 2024Listed for rent$2,517$3
May 14, 2024Listed$1,299,900$408
Apr 2, 2024Listing removed--
Dec 18, 2023Listed$1,375,000$1,079
Mar 26, 2021Listing removed--
Aug 26, 2020Listed$1,050,000$824
Jun 29, 2020Listing removed--
Sep 28, 2019Listed$950,000$746
Apr 23, 2012Listing removed$44,900$35
Mar 8, 2012Listed$44,900$35

Property Tax History

YearTaxAssessedLandBuildingMarket
2025$19,422$310,300--$620,600
2023$6,988$110,620--$221,240
2022$6,318$110,200--$220,400
2021$6,298$96,130--$192,260
2020$6,186$85,950--$171,900
2019$6,015$79,420--$158,840
2018$5,038$71,100--$142,200
2017$3,760$49,230--$98,460
2016$3,161$35,180--$70,360
2015$1,934$30,290--$60,580
2014$2,138$26,280--$52,560
2013$2,234$24,240--$48,480

Nearby Schools

  • 7/10
    Ferndale High School

    Public · High · Grades 9-12

    0.3 mi
  • 6/10
    Ferndale Middle School

    Public · Middle · Grades 6-8

    0.3 mi
  • NR
    ASA Higher Learning Preparatory

    Private · Elementary · Grades K-3

    0.5 mi
  • NR
    Ferndale Adult Education

    Public · Elementary, Middle, High

    0.8 mi

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19970 St••••• Rd, 48221Sold · Sold Sep 17, 2026 · 0.9 mi away
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3 bd · 2 ba · - sqft

217 E••••• Drayton St, 48220Sold · Sold Sep 8, 2026 · 1.1 mi away

Location

Lat 42.45200 · Lng -83.14306