Sold
518 E Troy Street, Ferndale, MI 48220
Sold on 09/16/2025 for$282,000
MLS # 20251028932 (Realcomp)
Built 19490.08 acres
1 / 25
Listing Description
Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you’ll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you’ll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio.24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.
Source: SparkMLS
About this home
This 2-bath home built in 1949 sits in Ferndale in Ferndale.
Closed at $282,000.
Estimated annual property tax: $3,174, or about $265 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 10 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.08 acres
Year Built1949
Location
CityFerndale
MunicipalityFerndale City
Zip Code48220
CountyOakland
School DistrictFerndale
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed8/20/2025
Sold Date9/15/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,174
State Equalized Value$127,200
Taxable Value$42,710
Parcel #2534228003
Source: Public Records
Legal Description
T1N, R11E, SEC 34 THE LITTLE FARMS SUB E 1/3 OF LOT 222
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jessica Juel
Arterra Luxe Collection LLC
Frequently Asked Questions about 518 E Troy Street, Ferndale, MI 48220
Which school district serves 518 E Troy Street, Ferndale, MI 48220?
Per MLS# 20251028932, 518 E Troy Street, Ferndale, MI 48220 is in the Ferndale boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ferndale directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20251028932, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 518 E Troy Street, Ferndale, MI 48220?
Per public tax records, annual property taxes for this property are $3,174. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 518 E Troy Street, Ferndale, MI 48220 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 518 E Troy Street, Ferndale, MI 48220 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 518 E Troy Street, Ferndale, MI 48220. The maximum advertised download speed is 5.0 Gbps. 10 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 518 E Troy Street, Ferndale, MI 48220?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Monthly payment$1,751
Principal & interest$1,751
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
10 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
518 E Troy Street, Ferndale, MI 48220
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Municipality
Ferndale
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County
Oakland County
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