Active

1529 Silman Street

Ferndale, Michigan 48220

$314,900 $1,327/Mo

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Overview

Bed

Bath

1,538

Sqft

0.11

Acre(Lot)

Description

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, lamin ate 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!

Property Details

Property Type : Multifamily

Price : $314,900

AD Id : 81481115

MLS Id : 20261042215

Beds : 5

Lot Size : 0.11 Acre

Living Area Size : 1,538

Year Built : 1923

County : Oakland

Subdivision: Ford Heights- Ferndale

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 2 Full Baths: 2
Interior Features

Basement Description: Unfinished
Heating & Cooling

Heating: Forced Air Heating Fuel: Natural Gas

Building Information

Year Built: 1923 Building Stories: 2 Story Total Units: 2 Foundation/Basement: Basement Architecture: Other
Exterior Features

Construction: Brick,Vinyl
Utility Features

Sewer: Sewer (Sewer-Sanitary)
Water

Public (Municipal)

Lot Information

Lot Size: 0.11 Lot Dimensions: 45X107.5
Property Information

SQ ft: 1538 Subdivision: Ford Heights- Ferndale Financing: Cash,Conventional,FHA,VA

Listing Price Information

Original List Price: $314,900
Listing Information

Possession: At Close Legal Description: T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 401, ALSO E 1/2 OF LOT 402, ALSO 1/2 OF VAC ALLEY ADJ TO SAME 12-10-14 CORR

Tax Information

Annual Tax: $8,640 Parcel Number: 2535405036
Possession

At Close
Legal Information

Legal Description: Section: T1N, R11E, SEC 35 FORD HEIGHTS SUB LOT 401, ALSO E 1/2 OF LOT 402, ALSO 1/2 OF VAC ALLEY ADJ TO SAME 12-10-14 CORR

Virtual Tour

Virtual Tour (External Link)
Multi-Unit Information

Road Frontage: Paved
Unit 2 Information

# of Bedrooms: 1
Unit 3 Information

# of Bedrooms: 1

School Information

School District: Hazel Park
Utility Information

Water: Public (Municipal) Sewer: Sewer (Sewer-Sanitary)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1936 Farrow Street , Ferndale, MI, 48220	$289,900	3	2	1,400	1,400 SqFt
212 Ardmore Drive , Ferndale, MI, 48220	$325,000	2	3	1,389	1,389 SqFt
1785 Channing Street , Ferndale, MI, 48220	$379,000	5	2	1,700	1,700 SqFt
690 E Marshall Street , Ferndale, MI, 48220	$279,000	--	2	1,600	1,600 SqFt
351 Edgewood Place , Ferndale, MI, 48220	$400,000	5	3	1,972	1,972 SqFt
366 W Bennett Avenue , Ferndale, MI, 48220	$325,000	4	2	1,623	1,623 SqFt
695 Livernois Street , Ferndale, MI, 48220	$749,900	5	5	3,186	3,186 SqFt

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/16/2026 @ 14:00

MLS: 20261042215 LISTED BY: Anthony Djon , Anthony Djon Luxury Real Estate 248-747-4834 SOURCE: Realcomp II Ltd