538 Laprairie Street Ferndale, MI $ 1,000,000
538 Laprairie Street
$ 1,000,000
Recently Listed
Share Save

538 Laprairie Street

Ferndale, MI, 48220
$ 1,000,000
Baths2.0 Sq 1,600

Monthly Estimate*

$ 6,314

538 Laprairie Street, Ferndale, MI 48220 - Image 1
538 Laprairie Street, Ferndale, MI 48220 - Image 2
538 Laprairie Street, Ferndale, MI 48220 - Image 3
538 Laprairie Street, Ferndale, MI 48220 - Image 4
538 Laprairie Street, Ferndale, MI 48220 - Image 5
538 Laprairie Street, Ferndale, MI 48220 - Image 6
Studio

Multi-Family Home for sale in Ferndale, MI

for $1,000,000 with 2 full baths. This 1,600 square foot home was built in 1955 on a lot size of 0.22.

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. 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.

See more

Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,349

Style

Bungalow

Lot Size

0.22

Year Built

1955

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61026364

Features
General
Heating Forced Air
Cooling Central A/C
Possession Subject To Tenant Rights
Water Public Water
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1955
Subdivision Woodward Farms MI
Water Heater Gas
Style Bungalow
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 26700
Ownership Private
Municipality Ferndale
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ferndale (63258)
Primary City Ferndale
Directions South on Laprairie from Marshall
City Ferndale
School District Ferndale City School District
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 34 WOODWARD FARMS SUB N 38.2 FT OF S 76.4 FT OF LOT 183
DOM 0
Postal Code 48220
Price Per Sq Ft Total AG 625
Public Remarks 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
See more
Interior
Basement Block
Fireplace? No
Total Number of Units 2
Fuel Type Natural Gas
See more
Exterior
Exterior Brick
Exterior Amenities Porch
Frontage 38
Lot Size Area 0.22
Lot Dimensions 38 x 255
Roads Paved Street
Waterfront Y/N No
See more
* Excluded Features
List By
Keith Weber

Listing Agent

Re/Max First

Broker

KeithAlanWeber@gmail.com

Email

Affordability Calculator

$6,760
Per Month
93%
7%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$446
Monthly 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
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
759698 Elementary School
759786 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$1,000,000 Listed Price

Map


See all

538 Laprairie Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $1,000,000 with 1,600 sqft and a lot size of 0.22. 538 Laprairie Street is a studio with 2.0 baths and was built in 1955. The property's zip code is 48220 which is in Ferndale, MI