Truly, a generational opportunity. This package of three 2-family homes located in the very desirable Detroit suburb of FERNDALE Michigan is special in many ways.
With the 3 built lots in a row, & the extraordinary depth of 254 feet makes this an incredibly attractive land package.
The story starts in the center with the original craftsman style bungalow 2-family home featuring two bedrooms on the first floor, & a spacious one bedroom upper unit, there is a full basement with separate laundry for each unit, private entries, and exits for all above grade entrances.
From 1953 to 1955 the home on Laprairie gained a sibling on each side. Never wanting to mess with success, the original owner built both new properties using the same floorplan as their existing 2-family. Improving upon the existing, red brick was chosen for exteriors, garages with separate stalls and the trio was complete.
Subsequent ownership through three generations (I have personally worked with all three generations) has provided a roadmap of consistent maintenance, capital improvements, long-term rental, history, and pride of ownership.
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Recent years have meant some newer furnaces (5), air conditioners (6), kitchens (3), bathrooms (4), wood floors (3), windows (all), appliances and decor.
If the idea of a turnkey investment that has future potential beyond, what’s already there this might be the package that you’re looking for. These three are only being sold as a package. Only 552 Laprairie (Lower) and its basement may be shown prior to an accepted offer. Please do not disturb the other tenants. Showings of the other units can take place only upon receipt of an accepted offer.
For sale
$1,000,000
552 Laprairie St, Ferndale, MI 48220
3beds
1,612sqft
Multi Family
Built in 1953
-- sqft lot
$963,500 Zestimate®
$620/sqft
$-- HOA
What's special
- 35 days
- 228
- 13
Zillow last checked:
Listing updated:
Listed by:
Keith Weber 248-435-1100,
RE/MAX First 248-375-4000
Source: Realcomp II,MLS#: 20261069206
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Laundry Room
Features
- Entrance Foyer
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,612 sqft
- Finished area above ground: 1,612
Property
Parking
- Parking features: Garage, Shared Driveway
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Lighting
- Pool features: None
Lot
- Size: 9,583 Square Feet
- Dimensions: 385 x 255
Details
- Parcel number: 2534328035
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1953
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Above Ground Utilities
Community & HOA
Community
- Features: Sidewalks
- Security: Carbon Monoxide Detectors, Smoke Detectors
- Subdivision: WOODWARD FARMS
Location
- Region: Ferndale
Financial & listing details
- Price per square foot: $620/sqft
- Tax assessed value: $70,050
- Annual tax amount: $5,202
- Date on market: 9/1/2026
- Cumulative days on market: 35 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Estimated market value
$963,500
$915,000 - $1.01M
$1,382/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Listed for sale | $1,000,000$620/sqft |
Source: | ||
| 8/13/2025 | Listing removed | $1,600$1/sqft |
Source: Realcomp II #20251024330 Report a problem | ||
| 8/6/2025 | Listed for rent | $1,600+33.3%$1/sqft |
Source: Realcomp II #20251024330 Report a problem | ||
| 1/28/2025 | Listing removed | $1,200$1/sqft |
Source: Realcomp II #20240083284 Report a problem | ||
| 12/30/2024 | Price change | $1,200-7.7%$1/sqft |
Source: Realcomp II #20240083284 Report a problem | ||
| 11/5/2024 | Listed for rent | $1,300-18.8%$1/sqft |
Source: Realcomp II #20240083284 Report a problem | ||
| 6/18/2024 | Listing removed | -- |
Source: Realcomp II #20240035538 Report a problem | ||
| 5/23/2024 | Listed for rent | $1,600$1/sqft |
Source: Realcomp II #20240035538 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,706 +4.1% | $147,330 +1.5% |
| 2024 | $4,520 +3.5% | $145,100 +4.8% |
| 2023 | $4,366 +0.3% | $138,420 +13.5% |
| 2022 | $4,352 +1.9% | $122,000 +0.7% |
| 2021 | $4,272 | $121,140 +1.2% |
| 2020 | -- | $119,740 +15.9% |
| 2019 | $4,199 +1.8% | $103,320 +10.3% |
| 2018 | $4,125 +1.1% | $93,640 +1.6% |
| 2017 | $4,078 | $92,210 +17.7% |
| 2016 | $4,078 | $78,370 +21.7% |
| 2015 | -- | $64,420 +15.9% |
| 2014 | -- | $55,600 -12% |
| 2011 | -- | $63,180 -14.2% |
| 2010 | $4,088 +5.3% | $73,620 -20.8% |
| 2009 | $3,884 +22.1% | $92,900 -41.4% |
| 2005 | $3,182 | $158,440 +52% |
| 2003 | -- | $104,250 +16.2% |
| 2002 | -- | $89,710 +102.3% |
| 2001 | $3,165 +4% | $44,350 +3.2% |
| 2000 | $3,044 | $42,980 |
Find assessor info on the county website
Monthly payment
Est. payment







