For sale

$249,900

320 E Cambourne St, Ferndale, MI 48220

3beds

1,300sqft

$2,005/mo

Get pre-qualified

Multi Family

Built in 1924

-- sqft lot

$244,500 Zestimate^®

$192/sqft

$-- HOA

What's special

Off-street parking

Investor Special in Desirable Ferndale! Excellent investment opportunity in one of Ferndale's most sought-after neighborhoods. This well-maintained two-unit bungalow offers strong income potential with only minor cosmetic updates needed. The property already has a Certificate of Compliance, making it an attractive option for investors or owner-occupants. The lower unit features two bedrooms, one full bath, a living room, dining room, and a full kitchen. The upper unit includes one bedroom, one full bath, living room, and a full kitchen. Shared laundry facilities in the basement, separate gas and electric utilities for each unit, with the owner responsible for water. Off-street parking provides added convenience for tenants. Owner has one other unit available in Ferdale.

27 days
822
46

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air

Appliances

Included: Dryer, Range/Oven, Refrigerator, Washer, Gas Water Heater

Features

Basement: Block
Has fireplace: No

Interior area

Total structure area: 1,300
Total interior livable area: 1,300 sqft

Property

Features

Levels: One and One Half
Stories: 1.5
Patio & porch: Porch
Frontage length: 45

Lot

Size: 6,098 Square Feet
Dimensions: 45 x 131
Features: Subdivision

Details

Parcel number: 2527452003
Special conditions: Private

Construction

Type & style

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

Materials

Aluminum Siding, Vinyl Siding
Foundation: Basement

Condition

Year built: 1924

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sanitary
Water: Public

Community & HOA

Community

Subdivision: Astonsof Knowles Heights

Location

Region: Ferndale

Financial & listing details

Price per square foot: $192/sqft
Tax assessed value: $249,580
Annual tax amount: $3,319
Date on market: 8/10/2026
Cumulative days on market: 18 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Total actual rent: 1500

Estimated market value

$244,500

$232,000 - $257,000

$2,063/mo

Price history

Date	Event	Price
8/24/2026	Listed for sale	$249,900$192/sqft
Source: MiRealSource #50217967 Report a problem
8/14/2026	Listing removed	$249,900$192/sqft
Source: MiRealSource #50217967 Report a problem
8/10/2026	Listed for sale	$249,900$192/sqft
Source: MiRealSource #50217967 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,236 +4.3%	$124,790 +7%
2024	$3,103 +3.6%	$116,650 +3.5%
2023	$2,995 +0.3%	$112,710 +4.7%
2022	$2,986 +1.9%	$107,640 +7.7%
2021	$2,931	$99,910 +15.4%
2020	--	$86,570 +11.9%
2019	$2,883 +1.8%	$77,390 +13.5%
2018	$2,831 +1.2%	$68,190 +0.1%
2017	$2,797	$68,120 +7.6%
2016	$2,797	$63,310 +7%
2015	--	$59,150 +10.7%
2014	--	$53,450 +16.7%
2011	--	$45,790 -6.8%
2010	$2,232 -0.6%	$49,120 -16.9%
2009	$2,246 +21.8%	$59,140 -38%
2005	$1,844	$95,400 +48.8%
2003	--	$64,120 +18.1%
2002	--	$54,270 +119.6%
2001	$1,836 +4%	$24,710 +3.2%
2000	$1,766	$23,950