Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you’ll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you’ll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio.
24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.
Sold for $282,000
$282,000
518 E Troy St, Ferndale, MI 48220
3beds
1,494sqft
Multi Family
Built in 1949
-- sqft lot
$290,200 Zestimate®
$189/sqft
$1,755 Estimated rent
Home value
$290,200
$273,000 - $311,000
$1,755/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jessica Juel 248-878-1961,
Arterra Luxe Collection LLC
Bought with:
Shawna Cascaden, 6501432855
GoodHome Realty LLC
Source: Realcomp II,MLS#: 20251028932
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Appliances
- Laundry: Common Area
Features
- Basement: Common,Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,494 sqft
- Finished area above ground: 1,494
Property
Parking
- Parking features: On Street, Parking Pad, Paved, Shared Driveway
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Porch
- Exterior features: Private Entrance
- Pool features: None
- Fencing: Back Yard,Fenced
Lot
- Size: 3,484 Square Feet
- Dimensions: 42 x 118
Details
- Parcel number: 2534228003
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Craftsman
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: THE LITTLE FARMS
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $41,430
- Annual tax amount: $3,174
- Date on market: 8/23/2025
- Cumulative days on market: 6 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2025 | Sold | $282,000+4.4%$189/sqft |
Source:  Realcomp II #20251028932 Report a problem | ||
| 9/11/2025 | Pending sale | $270,000$181/sqft |
Source: Realcomp II #20251028932 Report a problem | ||
| 8/23/2025 | Listed for sale | $270,000$181/sqft |
Source: Realcomp II #20251028932 Report a problem | ||
| 6/9/2023 | Listing removed | -- |
Source: Realcomp II #20230015981 Report a problem | ||
| 6/8/2023 | Listed for rent | $1,250$1/sqft |
Source: Realcomp II #20230015981 Report a problem | ||
| 6/7/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/17/2023 | Price change | $1,250-7.4%$1/sqft |
Source: Realcomp II #20230015981 Report a problem | ||
| 3/23/2023 | Listed for rent | $1,350$1/sqft |
Source: Realcomp II #20230015981 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 48220
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Nearby schools
GreatSchools rating
- 5/10Ferndale Upper ElementaryGrades: K-6Distance: 1.9 mi
- 6/10Ferndale Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Ferndale High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$290,200
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
$290,200
- Michigan
- Oakland County
- Ferndale
- 48220
- 518 E Troy St
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