For sale

$360,000

1447 Albany St, Ferndale, MI 48220

4beds

2,400sqft

$2,986/mo

Get pre-qualified

Multi Family

Built in 1924

-- sqft lot

$351,000 Zestimate^®

$150/sqft

$-- HOA

What's special

Fully occupied two-unit bungalow offering immediate cash flow and outstanding long-term investment potential. This well-maintained property features numerous recent updates, including both furnaces (2020 & 2024), roof (2023), one hot water heater (2023), and a complete gut renovated of both kitchens and all bathrooms (2018). The main unit offer 2 bedrooms, 2 full baths, 2 half-baths, while the upper unit offers 2 beds and 1 bath. Additional highlights include a full basement, a spacious backyard, and separate entrances that appeal to long-term tenants. A turnkey investment opportunity with proven rental history, conveniently located just minutes from downtown Ferndale and close to shopping, dining, parks, and major amenities. Do Not Disturb Tenants.

71 days
281
17

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 5
Full bathrooms: 3
1/2 bathrooms: 2

Heating

Forced Air, Natural Gas

Features

Basement: Full,Partially Finished
Has fireplace: No

Interior area

Total interior livable area: 2,400 sqft
Finished area above ground: 1,600
Finished area below ground: 800

Property

Features

Levels: One And One Half
Stories: 1.5
Pool features: None

Lot

Size: 6,098 Square Feet
Dimensions: 50 x 125

Details

Parcel number: 2533204002
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Bungalow,Upper Lower Apartment
Property subtype: Multi Family

Materials

Aluminum Siding, Vinyl Siding
Foundation: Basement, Poured

Condition

New construction: No
Year built: 1924
Major remodel year: 2018

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: LEGGETT FARM

Location

Region: Ferndale

Financial & listing details

Price per square foot: $150/sqft
Tax assessed value: $63,350
Annual tax amount: $4,490
Date on market: 7/27/2026
Cumulative days on market: 71 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Estimated market value

$351,000

$333,000 - $369,000

$1,466/mo

Price history

Date	Event	Price
7/27/2026	Listed for sale	$360,000+92.5%$150/sqft
Source: Realcomp II #20261058108 Report a problem
8/30/2023	Listing removed	--
Source: Zillow Rentals Report a problem
8/15/2023	Listed for rent	$1,750$1/sqft
Source: Zillow Rentals Report a problem
8/6/2004	Sold	$187,000+15.4%$78/sqft
Source: Public Record Report a problem
11/6/2001	Sold	$162,000$68/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,407 +4%	$136,050 +2.1%
2024	$4,239 +3.5%	$133,280 +6%
2023	$4,098 +0.3%	$125,680 +8.8%
2022	$4,084 +1.9%	$115,490 +7.2%
2021	$4,007	$107,710 +3.2%
2020	--	$104,390 +5.9%
2019	$3,939 +5.9%	$98,620 +35.7%
2018	$3,719 +1.2%	$72,670 +1.4%
2017	$3,676	$71,680 +6.1%
2016	$3,676	$67,530 +7.1%
2015	--	$63,060 +11.8%
2014	--	$56,380 +7.4%
2011	--	$52,510 -4.2%
2010	$3,759 -14.3%	$54,810 -14.7%
2009	$4,384 -6.8%	$64,250 -56.7%
2005	$4,704	$148,220 +112.7%
2003	--	$69,700 +17.6%
2002	--	$59,270 +94.1%
2001	$2,550 +26.9%	$30,540 +6.9%
2000	$2,011	$28,570