For sale

$619,000

425 Vester St, Ferndale, MI 48220

6beds

2,773sqft

$4,927/mo

Get pre-qualified

Multi Family

Built in 1916

-- sqft lot

$598,500 Zestimate^®

$223/sqft

$-- HOA

What's special

The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!

37 days
452
40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Natural Gas

Features

Basement: Finished
Has fireplace: No

Interior area

Total interior livable area: 2,773 sqft
Finished area above ground: 1,866
Finished area below ground: 907

Property

Features

Levels: Three
Stories: 3
Pool features: None

Lot

Size: 5,662 Square Feet
Dimensions: 55 x 105

Details

Parcel number: 2527487016
Zoning description: MultiFamily
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Other,Raised Ranch
Property subtype: Multi Family

Materials

Vinyl Siding, Wood Siding
Foundation: Basement, Block

Condition

New construction: No
Year built: 1916
Major remodel year: 2025

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: URBANREST

Location

Region: Ferndale

Financial & listing details

Price per square foot: $223/sqft
Tax assessed value: $151,880
Annual tax amount: $11,640
Date on market: 9/11/2026
Cumulative days on market: 38 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA

Estimated market value

$598,500

$569,000 - $628,000

$1,624/mo

Price history

Date	Event	Price
9/11/2026	Listed for sale	$619,000+36%$223/sqft
Source: Realcomp II #20261073555 Report a problem
7/28/2026	Listing removed	$1,299
Source: Zillow Rentals Report a problem
6/20/2026	Price change	$1,299-3.7%
Source: Zillow Rentals Report a problem
5/27/2026	Price change	$1,349-3.3%
Source: Zillow Rentals Report a problem
5/15/2026	Listed for rent	$1,395-0.4%$1/sqft
Source: Zillow Rentals Report a problem
4/30/2024	Sold	$455,000$164/sqft
Source: Realcomp II #20240028136 Report a problem
4/29/2024	Pending sale	$455,000$164/sqft
Source: Realcomp II #20240028136 Report a problem
4/29/2024	Listed for sale	$455,000$164/sqft
Source: Realcomp II #20240028136 Report a problem
3/19/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/3/2024	Listed for rent	$1,400$1/sqft
Source: Zillow Rentals Report a problem