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

Ferndale, MI, 48220
$ 875,000
Bedrooms6 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 6 bedrooms and 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

Bedrooms

6

Full Bath

3

Half Bath

3

Property Type

Multi-Family

Taxes

$ 27,033

Style

Colonial,Craftsman

Lot Size

0.18

Year Built

2020

Town/City

Ferndale

County/Region

Oakland

MLS | Web ID

20261067860

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Utilities UndergroundUtilities
Possession AtClose
Roof Asphalt
Garage Spaces 0.0
Patio/Porch Features Porch
Architectural Style Colonial Craftsman
Pool Features None
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials Other
Pets Allowed Call
Year Built 2020
Levels Two
Property Subtype MultiFamily
Community Features Sidewalks
County Oakland
Net Operating Income 54500.0
Operating Expense 25500.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name BERMORE SUB
Garage Y/N Y
Full Baths 3
Status Active
Directions 10 Mile east of Hilton South on McDowell and building is on the West side of the road
City FerndaleCity_Oakland
Disclosures ActualIncome Restrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District HazelPark
Zoning Description Residential
Number Of Units Total 3
MLS Area Area02258Ferndale
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 2
Land Lease Y/N N
Tax Annual Amount 27033.0
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 367610
Expected Active Date 2026-10-12
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
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Exterior
Exterior Amenities Lighting
Parking Features Garage Paved SharedDriveway
Water Source Public
Total Parking 3.0
Foundation Details Slab
Spa N
Lot Dimensions 60x130
Lot Size Acres 0.18
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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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3386.0
Half Baths 3
Laundry Features InUnit LaundryRoom
Above Grade Finished Area Unit Type SquareFeet
Total Baths 6
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Internal Only
Street Number 1 3315
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* Excluded Features
List By
Alyse Robertelli

Listing Agent

Kw Domain

Broker

(248) 755-1158

Phone

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
4909273 Elementary School
4909339 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/12/2026$875,000 Listed Price

Map


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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 6 bedrooms, 3.3 baths, and was built in 2020. The property's zip code is 48220 which is in Ferndale, MI