3315 McDowell Ferndale, MI $ 875,000
3315 McDowell
$ 875,000
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3315 McDowell

Ferndale, MI, 48220
$ 875,000
Bedrooms-- Baths3.3 Sq 3,386

Monthly Estimate*

$ 6,043

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Multi-Family Home for sale in Ferndale, MI

for $875,000 with 3 full baths, 3 half baths. This 3,386 square foot home was built in 2020 on a lot size of 0.18.

An exceptional investment opportunity offering 3 spacious, thoughtfully designed 2-bedroom units in a modern, newer construction (built in 2020), low-maintenance building. Ideally positioned in one of Metro Detroit's most sought-after rental markets, this property allows investors to acquire a stabilized, income-producing asset with strong tenant appeal, predictable operating expenses, and immediate value-add/owner-occupancy potential. This exceptional multi-family opportunity features three identical units, each offering a generous 1,130 square feet of comfortable living space complete with 2 bedrooms and 1.5 bathrooms. Designed for modern convenience, every residence includes a dedicated second-floor laundry room and an oversized single-car private garage ideal for vehicle parking and extra storage. Maintenance is hassle-free thanks to newer construction quality that minimizes near-term capital expenditure requirements. Operating expenses remain predictable and landlord-paid utility burdens are completely eliminated by separately metered gas, electric, and water, while independent furnaces and central air conditioning systems ensure individual comfort control for every home. Foundation lot to the North of this property can be purchased with MLS #20261067860 for a total of $1,000,000. Subject to seller obtaining municipal approval of land spilt and easement for shared driveway. 2/3 units are currently under lease.

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Multi-Family Active

Price

$ 875,000

Full Bath

3

Half Bath

3

Property Type

Multi-Family

Taxes

$ 27,033

Style

Colonial

Lot Size

0.18

Year Built

2020

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

61038238

Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Water Public Water
Status Active Active
Full Baths 3
Half Baths 3
Bathrooms 6
Year Built 2020
Subdivision BERMORE SUB MI
Water Heater Gas
Style Colonial
County Oakland
Class MULTIFAMILY
Type Multi-Family
Net Income 54500
Ownership Private
Municipality Ferndale
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Ferndale (63258)
Primary City Ferndale
Directions 10 Mile east of Hilton South on McDowell and building is on the West side of the road
City Ferndale
School District Hazel Park City School District
Financial Terms Cash Conventional
Legal Description T1N R11E SEC 26 BERMORE SUB LOTS 32 33 & 34 ALSO 1/2 OF VAC ALLEY ADJ TO SAME 9-8-20 FR 010 & 011
DOM 1
Postal Code 48220
Price Per Sq Ft Total AG 258.42
Public Remarks An exceptional investment opportunity offering 3 spacious thoughtfully designed 2-bedroom units in a modern newer construction (built in 2020)
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Exterior
Exterior Other
Exterior Amenities Porch
Frontage 60
Lot Size Area 0.18
Lot Dimensions 60x130
Roads Paved Street
Waterfront Y/N No
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Interior
Fireplace? No
Total Number of Units 3
Fuel Type Natural Gas
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* Excluded Features
List By
Alyse Robertelli

Listing Agent

Kw Domain

Broker

alysesellshouses@gmail.com

Email

Affordability Calculator

$8,296
Per Month
73%
27%
0%
Monthly Principal & Interest
$6,043
Monthly Property Taxes
$2,253
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
760526 Elementary School
759670 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/12/2026$875,000 Listed Price

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3315 McDowell, Ferndale, MI, 48220 is a Multi-Family Home for sale at $875,000 with 3,386 sqft and a lot size of 0.18. 3315 McDowell has 3.3 baths and was built in 2020. The property's zip code is 48220 which is in Ferndale, MI