1529 Silman Street Ferndale, MI $ 319,900
1529 Silman Street
$ 319,900
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1529 Silman Street

Ferndale, MI, 48220
$ 319,900
Baths2.0 Sq 2,412

Monthly Estimate*

$ 1,970

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Studio

Multi-Family Home for sale in Ferndale, MI

for $319,900 with 2 full baths. This 2,412 square foot home was built in 1923 on a lot size of 0.11.

Welcome to this beautifully maintained two-unit duplex, ideal for both owner-occupants and investors. Live in one unit while renting the other, or rent both for strong cash flow. The property generates $2,800/month in total rental income — the upper unit rents for $1,150 (lease through November 2025) and the lower unit rents for $1,650 (lease through May 2026). This clean, thoroughly updated, and fully occupied duplex features newer siding and windows, newly installed A/C units in both apartments, fresh hardwood floors, new vinyl flooring, and a remodeled lower-level bathroom. Each unit offers two bedrooms plus a spacious den, which can easily be used as a third sleeping area with a rolling closet. The entry-level unit includes a large covered front porch, while the upper unit features an enclosed private covered landing. The home also offers a full basement with shared washer and dryer, along with ample storage space. Outside, enjoy a large private backyard, fenced on three sides. Utilities are shared. A solid investment with excellent income potential and flexible living options.

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Multi-Family Active

Price

$ 319,900

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,437

Style

Lot Size

0.11

Year Built

1923

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

20261007362

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession SeeRemarks
Garage Spaces 0.0
Architectural Style Other
Pool Features None
Construction Materials Brick VinylSiding
Pets Allowed No
Year Built 1923
Levels Two
Property Subtype MultiFamily
County Oakland
Net Operating Income 27000.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name FORD HEIGHTS- FERNDALE
Garage Y/N N
Full Baths 2
Status Active
Directions follow map.
City FerndaleCity_Oakland
Disclosures ActualIncome LegalRentalCertified NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District HazelPark
Zoning Description MultiFamily Residential
Number Of Units Total 2
MLS Area Area02258Ferndale
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 1
Land Lease Y/N N
Tax Annual Amount 8437.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type MultipleOccupantTypes
Tax Assessed Value 114480
Expected Active Date 2026-02-13
Legal Description T1N R11E SEC 35 FORD HEIGHTS SUB LOT 401 ALSO E 1/2 OF LOT 402 ALSO 1/2 OF VAC ALLEY ADJ TO SAME 12-10-14 CORR
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Interior
Basement Full PartiallyFinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1538.0
Half Baths 0
Below Grade Finished Area 874.0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 45X107.5
Lot Size Acres 0.11
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1529
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* Excluded Features
List By
Masudur Chowdhury

Listing Agent

Amin Realty

Broker

(586) 430-6780

Phone

Affordability Calculator

$2,673
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,970
Monthly Property Taxes
$703
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4909273 Elementary School
4909339 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/13/2026$319,900 Listed Price

Map


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1529 Silman Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $319,900 with 2,412 sqft and a lot size of 0.11. 1529 Silman Street is a studio with 2.0 baths and was built in 1923. The property's zip code is 48220 which is in Ferndale, MI