Sold for $475,000

$475,000

223 E Oakridge St, Ferndale, MI 48220

4beds

3,884sqft

Multi Family

Built in 1909

-- sqft lot

$487,200 Zestimate^®

$122/sqft

$1,990 Estimated rent

Home value

$487,200

$463,000 - $516,000

$1,990/mo

Zestimate^® history

Owner options

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$1,990/mo

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$1,990/mo

Rent Zestimate^®

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$3,112/mo

Est. payment

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$3,112/mo

Est. payment

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What's special

Fabulous 4 unit multi family property on one of the most desirable streets in Ferndale. Each unit is one bedroom and one full bathroom. Laundry and storage units in the basement. Each tenant has a parking spot in the back of the property. Tenants pay all utilities. Rental certificate with the city of Ferndale is current. BATVAI Back two units are available for showings, the front two units will be made available with an accepted purchase agreement.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 4

Heating

Forced Air, Natural Gas

Cooling

Wall Units

Appliances

Laundry: Common Area

Features

Basement: Private Storage Locker,Unfinished
Has fireplace: No

Interior area

Total interior livable area: 3,884 sqft
Finished area above ground: 3,884

Property

Parking

Total spaces: 4
Parking features: Assigned

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 6,969 Square Feet
Dimensions: 40.01 x 179.25

Details

Parcel number: 2527181051
Zoning description: MultiFamily
Special conditions: Agent Owned,Short Sale No

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Foundation: Basement, Block
Roof: Asphalt

Condition

New construction: No
Year built: 1909

Utilities & green energy

Sewer: Public Sewer
Water: Other

Community & HOA

Community

Subdivision: WOODWARD HEIGHTSNO 2 - FERNDALE

Location

Region: Ferndale

Financial & listing details

Price per square foot: $122/sqft
Tax assessed value: $79,970
Annual tax amount: $6,270
Date on market: 10/25/2025
Cumulative days on market: 53 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
1/6/2026	Sold	$475,000-15.2%$122/sqft
Source: Realcomp II #20251047412 Report a problem
12/14/2025	Pending sale	$560,000$144/sqft
Source: Realcomp II #20251047412 Report a problem
11/11/2025	Price change	$560,000-6.5%$144/sqft
Source: Realcomp II #20251047412 Report a problem
10/25/2025	Listed for sale	$599,000+172%$154/sqft
Source: Realcomp II #20251047412 Report a problem
7/30/2020	Listing removed	$850
Source: Cranbrook Associates-Birm #2200054464 Report a problem
7/14/2020	Listed for rent	$850
Source: Cranbrook Associates-Birm #2200054464 Report a problem
2/13/2006	Sold	$220,190$57/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,927 +3.7%	$148,230 +6.5%
2023	$5,717 +0.3%	$139,160 +2.2%
2022	$5,699 +1.9%	$136,160 +9.5%
2021	$5,594	$124,310 +7.4%
2020	--	$115,780 +6.4%
2019	$11,004 +98.7%	$108,820 +3.2%
2018	$5,539 +4.3%	$105,400 +2%
2017	$5,313	$103,350 +12.3%
2016	$5,313	$92,020 +23.1%
2015	--	$74,780 +18.2%
2014	--	$63,260 -50.4%
2005	$3,739 +0.4%	$127,420 +154%
2001	$3,723 +4%	$50,170 +3.2%
2000	$3,581	$48,620