1447 Albany Street Ferndale, MI ^$ 360,000

1447 Albany Street

^$ 360,000

Back to search

Recently Listed

1447 Albany Street

Ferndale, MI, 48220

^$ 360,000

Studio Baths3.2 Sq 1,600

Monthly Estimate*

^$ 2,273

1447 Albany Street, Ferndale, MI 48220 - Image 1

1447 Albany Street, Ferndale, MI 48220 - Image 2

Studio

Multi-Family Home for sale in Ferndale, MI

for $360,000 with 3 full baths, 2 half baths. This 1,600 square foot home was built in 1924 on a lot size of 0.14.

Fully occupied two-unit bungalow offering immediate cash flor and outstanding long-term investment potential. This well-maintained property features numerous recent updates, including both furnaces (2024), roof (2023), one hot water heater (2023), and a complete gut renovated of both kitchens and all bathrooms (2018). The main unit offer 2 bedrooms, 2 full baths, 2 half-baths, while the upper unit offers 2 beds and 1 bath. Additional highlights include a full basement, a spacious backyard, and separate entrances that appeal to long-term tenants. A turnkey investment opportunity with proven rental history, conveniently located just minutes from downtown Ferndale and close to shopping, dining, parks, and major amenities.

Multi-Family Active

Price

^$ 360,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 4,490

Style

Bungalow

Lot Size

0.14

Year Built

1924

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61015090

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 3

Half Baths 2

Bathrooms 5

Year Built 1924

Subdivision Leggett Farm MI

Style Bungalow

County Oakland

Class MULTIFAMILY

Type Multi-Family

Net Income 25100

Ownership Private

Municipality Ferndale

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 1 1/2 Story

Area Ferndale (63258)

Primary City Ferndale

Directions 9 Mile west of Woodward Ave south on Central St left on Albany St.

City Ferndale

School District Ferndale City School District

Financial Terms Cash Conventional

Legal Description T1N R11E SEC 33 LEGGETT FARM SUB LOT 26 BLK D

DOM 0

Postal Code 48220

Price Per Sq Ft Total AG 225

Public Remarks Fully occupied two-unit bungalow offering immediate cash flor and outstanding long-term investment potential. This well-maintained property features numerous recent updates

Interior

Basement Poured Partially Finished

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Aluminum Vinyl Siding

Lot Size Area 0.14

Lot Dimensions 50X125

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Emil Cherkasov

Listing Agent

Forward Commercial Group

Broker

emil@forwardcommercial.com

Affordability Calculator

$2,647

Per Month

Monthly Principal & Interest: $2,273
Monthly Property Taxes: $374
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Multi-family listings in Ferndale, MI

Average List Price ^$354,780

Percent of Sale Price 1%

About Ferndale, MI

19,993 Population

-10% Since 2002

^$55,937 Median Income

39.4 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759698 Elementary School

759786 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/27/2026	$360,000		Listed Price

Map

More homes like this one

homes for you

See all

1447 Albany Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $360,000 with 1,600 sqft and a lot size of 0.14. 1447 Albany Street is a studio with 3.2 baths and was built in 1924. The property's zip code is 48220 which is in Ferndale, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.

The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

1447 Albany Street

Multi-Family Home for sale in Ferndale, MI

Affordability Calculator

Map

More homes like this one

Get more info about this home