Incredible Income Property in the Heart of Ferndale! Welcome to this turn-key multi-family gem located on highly desirable E Cambourne! Perfect for an investor looking to add a high-performing asset to their portfolio, or an owner-occupant wanting to house-hack and have their mortgage paid by a tenant. This beautifully maintained property features two completely designated income units with independent setups: Lower Unit: Spaciously laid out with 3 bedrooms and 1 bathroom, boasting original Ferndale charm, beautiful trim work, and a warm, inviting atmosphere. Upper Unit: A bright and airy 2 bedrooms and 1 bathroom setup, perfect for tenants looking for a cozy, private space. Major High-Ticket Upgrades Completed! The seller has taken care of the big-budget items, so you don’t have to. Peace of mind updates include New HVAC & Air Conditioning Units for optimal efficiency and comfort. Completely Replaced Deck & Stairway leading to the upper unit, built with premium, maintenance-free Trex decking. Separate Laundry Facilities for each individual unit—a massive perk that tenants love and will command top rental dollar. Located just minutes from downtown Ferndale’s vibrant dining, shopping, and nightlife, with easy access to I-75 and M-102. Schedule your showing today and seize this rare multi-family opportunity!
Sold for $330,000
$330,000
131 E Cambourne St, Ferndale, MI 48220
2beds
1,708sqft
Multi Family
Built in 1922
-- sqft lot
$330,200 Zestimate®
$193/sqft
$2,041 Estimated rent
Home value
$330,200
$314,000 - $347,000
$2,041/mo
Zestimate® history
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$2,192/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jim Shaffer 248-834-3030,
Good Company
Bought with:
Jim Shaffer, 6502380733
Good Company
Source: Realcomp II,MLS#: 20261036260
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,708 sqft
- Finished area above ground: 1,708
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 60 x 140.5
Details
- Parcel number: 2527379027
- Zoning description: MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: WOODWARD HEIGHTS- FERNDALE
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $193/sqft
- Tax assessed value: $70,590
- Annual tax amount: $5,130
- Date on market: 5/29/2026
- Cumulative days on market: 12 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Sold | $330,000-5.7%$193/sqft |
Source:  Realcomp II #20261036260 Report a problem | ||
| 6/9/2026 | Pending sale | $350,000$205/sqft |
Source: Realcomp II #20261036260 Report a problem | ||
| 5/29/2026 | Listed for sale | $350,000$205/sqft |
Source: Realcomp II #20261036260 Report a problem | ||
| 9/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/1/2023 | Price change | $1,500-6.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/30/2023 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/17/2023 | Price change | $1,600-5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/12/2023 | Price change | $1,700-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/20/2023 | Listed for rent | $1,800+20%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/18/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/14/2022 | Listed for rent | $1,500+15.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/15/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/9/2020 | Listing removed | $1,300$1/sqft |
Source: Owner Report a problem | ||
| 12/27/2019 | Price change | $1,300-13.3%$1/sqft |
Source: Owner Report a problem | ||
| 12/9/2019 | Listed for rent | $1,500$1/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,027 +4.1% | $192,040 +6.7% |
| 2024 | $4,828 +3.5% | $179,940 +3.1% |
| 2023 | $4,665 +0.3% | $174,470 +4.1% |
| 2022 | $4,649 +1.9% | $167,630 +6.2% |
| 2021 | $4,563 | $157,860 +11.9% |
| 2020 | -- | $141,070 +11.4% |
| 2019 | $4,486 +1.8% | $126,690 +15.6% |
| 2018 | $4,406 +1.1% | $109,560 -0.3% |
| 2017 | $4,358 | $109,850 +7.1% |
| 2016 | $4,358 | $102,520 +6.9% |
| 2015 | -- | $95,880 +11% |
| 2014 | -- | $86,380 +21.6% |
| 2011 | -- | $71,060 -6.5% |
| 2010 | $3,502 -0.4% | $75,960 -18% |
| 2009 | $3,516 +22% | $92,680 -39.6% |
| 2005 | $2,882 | $153,320 +51.2% |
| 2003 | -- | $101,380 +17.6% |
| 2002 | -- | $86,210 +115.8% |
| 2001 | $2,867 +4% | $39,940 +3.2% |
| 2000 | $2,757 | $38,710 |
Find assessor info on the county website
Neighborhood: 48220
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Nearby schools
GreatSchools rating
- 5/10Ferndale Upper ElementaryGrades: K-6Distance: 1.4 mi
- 6/10Ferndale Middle SchoolGrades: 6-8Distance: 1 mi
- 7/10Ferndale High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$330,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$330,200
- Michigan
- Oakland County
- Ferndale
- 48220
- 131 E Cambourne St
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