351 Edgewood Place Ferndale, MI $ 400,000
351 Edgewood Place
$ 400,000
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351 Edgewood Place

Ferndale, MI, 48220
$ 400,000
Bedrooms2 Baths3.0 Sq 1,972

Monthly Estimate*

$ 2,463

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Multi-Family Home for sale in Ferndale, MI

for $400,000 with 2 bedrooms and 3 full baths. This 1,972 square foot home was built in 1925 on a lot size of 0.1.

Located just minutes from vibrant downtown Ferndale, this well-maintained duplex offers multiple investment strategies, whether you're looking for a house hack, long-term rental property, or value-add opportunity. The lower unit is currently owner-occupied, providing flexibility for an owner-occupant or investor. Both units feature separate gas and electric meters, separate central A/C systems, and additional mini-split units for enhanced comfort and efficiency. There are two sets of washers and dryers in the basement, allowing each unit to have its own laundry facilities. There is locked storage in the basement that is available for each unit. There is a large parking pad in the backyard with three parking spaces. The lower unit is a two bedroom, one bathroom. The updates include kitchen cabinets, flooring, and appliances, full bathroom remodel and AC unit. The upper unit is a three bedroom, two bathroom. The updates include updated kitchen, bathrooms and finished third floor for extra living space. The upper unit is currently vacant after a long-term tenant. There is also an opportunity to expand the third-floor to a one bedroom unit. With the appropriate approvals and renovations, the area could potentially be converted into a studio or one-bedroom unit, creating an additional income stream and increasing the property's overall value. The owner currently pays for lawn care and snow removal. BTVAI

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Multi-Family Active

Price

$ 400,000

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,676

Style

Upper Lower Apartment

Lot Size

0.1

Year Built

1925

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

20261040998

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style UpperLowerApartment
Pool Features None
Construction Materials Cedar VinylSiding
Pets Allowed BreedRestrictions DogsOk SizeLimit Yes
Year Built 1925
Levels Three
Property Subtype MultiFamily
County Oakland
Net Operating Income 44400.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name ADOLPH SLOMANS WOODWARD BLVD
Garage Y/N N
Full Baths 3
Status Active
Directions S of Of 9 Mile/W of of Woodward
City FerndaleCity_Oakland
Disclosures ProjectedIncome TaxesPartiallyHomesteadExempt
Senior Community Y/N N
High School District Ferndale
Zoning Description Residential
Number Of Units Total 2
MLS Area Area02258Ferndale
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 0
Land Lease Y/N N
Tax Annual Amount 7676.0
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 121440
Expected Active Date 2026-06-04
Legal Description T1N R11E SEC 34 ADOLPH SLOMAN'S WOODWARD BLVD SUB LOT 419 ALSO VAC ALLEY ADJ TO SAME
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Interior
Basement Common CommonStorageLocker Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1972.0
Half Baths 0
Laundry Features CommonArea
Above Grade Finished Area Unit Type SquareFeet
Total Baths 3
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Exterior
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 35X121.3
Lot Size Acres 0.1
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 1 351
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* Excluded Features
List By
Andrea Stephan

Listing Agent

The Stephan Group

Broker

(586) 216-6990

Phone

Affordability Calculator

$3,103
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$640
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
848457 Elementary School
847983 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/4/2026$400,000 Listed Price

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351 Edgewood Place, Ferndale, MI, 48220 is a Multi-Family Home for sale at $400,000 with 1,972 sqft and a lot size of 0.1. 351 Edgewood Place has 2 bedrooms, 3.0 baths, and was built in 1925. The property's zip code is 48220 which is in Ferndale, MI