1529 Silman Street, Ferndale, MI 48220
Local realty services provided by:ERA Prime Real Estate Group
1529 Silman Street,Ferndale, MI 48220
$299,900
- - Beds
- 2 Baths
- 1,538 sq. ft.
- Multi-family
- Active
Listed by: anthony djon, robert khoury
Office: anthony djon luxury real estate
MLS#:20261042215
Source:MI_REALCOMP
Price summary
- Price:$299,900
- Price per sq. ft.:$194.99
About this home
Fantastic investment opportunity in the heart of Ferndale! This well-maintained multi-family property features two separate units, making it ideal for investors or owner-occupants looking to generate rental income.
The main-floor unit offers 3 spacious bedrooms, 1 full bathroom, beautiful hardwood flooring throughout most of the living areas, and a full basement providing ample storage and endless possibilities for additional use. This unit is currently leased through a one-year term at $1,725 per month, providing immediate rental income.
The upper-level unit features its own private entrance, 2 bedrooms, 1 full bathroom, and a functional layout that offers comfort and privacy for tenants.
Additional highlights include a brand-new central air conditioning system installed in 2025, laminate flooring in the kitchen and bedroom areas, a large covered front porch perfect for relaxing, and a generously sized backyard ideal for entertaining or outdoor enjoyment.
Conveniently located near downtown Ferndale's shopping, dining, parks, and major freeways, this is an excellent opportunity to add a solid income-producing property to your portfolio.
Schedule your private tour!
Lower unit is currently leased for $1725 and is for a 1 year term
May 2026 through April 2027
Upper unit is leased for $1180 and will go in effect July 2026 thorough June 2027...
Contact an agent
Home facts
- Year built:1923
- Subdivision & Development:FORD HEIGHTS- FERNDALE
- Listing ID #:20261042215
- Added:89 day(s) ago
- Updated:September 06, 2026 at 10:02 AM
Rooms and interior
- Total bathrooms:2
- Full bathrooms:2
- Basement Description:Unfinished
- Living area:1,538 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1923
- Building area:1,538 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Brick, Vinyl Siding
- Foundation Description:Basement, Brick Mortar
- Levels:Two
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$299,900
- Price per sq. ft.:$194.99
- Tax amount:$8,640
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