$1,200,000

575 E Troy Street, Ferndale MI, 48220 2841

Price per sqft$130.52

Built in1972

Property size9,194 sqft

Property typeResidential

Overview

Sold

Closed

Listed May 21, 2025

Updated 2 weeks ago

The Troy Street Apartments are located in Ferndale, Michigan conveniently off of Woodward and Troy Street. The property consists of 8 apartment units which are 100% occupied grossing over $8,365 per month in rent. These are loft style apartments consisting of 5 one bedroom one bath, and 3 two bedroom one bath units. The property is located on the heart of Ferndale, walkable to many popular restaurants and bars. Over 500 units of new construction multifamily housing have been going up within a 2 mile radius of the property at an average rent of $1,500 per unit which as placed an upward movement on existing rents.

Additional information

MLS^® ID: 60396233

Interior Features

Bathrooms: 8
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.25 Acres

Other Property Details

Taxes: $13,563
Tax Frequency: Annually
Municipality: Ferndale

Listed by Brady Williams with Greater Development LLC
Listing Contact: 360-989-5395

Based on information originating from the MiRealSource as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/12/2026 at 10:21 PM UTC