544 Laprairie Street Ferndale, MI $ 1,000,000
544 Laprairie Street
$ 1,000,000
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544 Laprairie Street

Ferndale, MI, 48220
$ 1,000,000
Bedrooms3 Baths2.0 Sq 1,647

Monthly Estimate*

$ 6,314

544 Laprairie Street, Ferndale, MI 48220 - Image 1
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Multi-Family Home for sale in Ferndale, MI

for $1,000,000 with 3 bedrooms and 2 full baths. This 1,647 square foot home was built in 1926 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.

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Multi-Family Active

Price

$ 1,000,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,593

Style

Bungalow

Lot Size

0.22

Year Built

1926

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

20261069204

Features
Interior
Interior Amenities EntranceFoyer
Basement Full Unfinished
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1647.0
Half Baths 0
Laundry Features LaundryRoom
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities AboveGroundUtilities
Possession SubjectToTenantRights
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Bungalow
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials BrickVeneer
Pets Allowed CatsOk
Year Built 1926
Electric CircuitBreakers
Levels Two
Property Subtype MultiFamily
Community Features Sidewalks
County Oakland
Net Operating Income 23500.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name WOODWARD FARMS
Garage Y/N Y
Rent Includes TrashCollection YardMaintenance
Full Baths 2
Status Active
Directions South on Laprairie from Marshall
City FerndaleCity_Oakland
Disclosures ActualIncome ConformstoZoning LegalRentalCertified TaxesNotHomesteadExempt
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 2
Land Lease Y/N N
Tax Annual Amount 4593.39
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 Tenant
Tax Assessed Value 61120
Expected Active Date 2026-09-01
Legal Description T1N R11E SEC 34 WOODWARD FARMS SUB S 38.2 FT OF N 76.4 FT OF LOT 183
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Exterior
Exterior Amenities Lighting
Parking Features Garage SharedDriveway
Water Source Public
Foundation Details Basement Block
Spa N
Lot Dimensions 38 x 255
Lot Size Acres 0.22
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 1 544
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* Excluded Features
List By
Keith Weber

Listing Agent

Re/Max First

Broker

(248) 435-1100

Phone

Affordability Calculator

$6,697
Per Month
94%
6%
0%
Monthly Principal & Interest
$6,314
Monthly Property Taxes
$383
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.
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Nearby
848457 Elementary School
847983 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/1/2026$1,000,000 Listed Price

Map


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544 Laprairie Street, Ferndale, MI, 48220 is a Multi-Family Home for sale at $1,000,000 with 1,647 sqft and a lot size of 0.22. 544 Laprairie Street has 3 bedrooms, 2.0 baths, and was built in 1926. The property's zip code is 48220 which is in Ferndale, MI