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Back 217 E Drayton St
Off Market

217 E Drayton St

Ferndale MI 48220

0.04 ac.
Multi-Family
Last sold for $317,500
Keith JourdanKeith Jourdan, last sold this property on 09 September 2026 after 42 days on market.

Overview

TURN-KEY INVESTMENT OPPORTUNITY IN FERNDALE! This well-maintained duplex offers an excellent opportunity for investors and owner-occupants. The updated lower unit is vacant and ready for a new tenant (most recently rented for $1,700/month) or immediate owner occupancy. The upper unit is tenant-occupied with an active lease at $1,185/month, providing immediate rental income. The current property manager is available to continue managing the property for the new owner. Major capital improvements were completed in 2024, including a new roof, furnace, and hot water heater. The property has undergone regular preventative maintenance throughout ownership. Additional features include a spacious 2.5-car detached garage and a dry basement with lockable storage for each unit. Located just half a mile from downtown Ferndale with easy access to downtown Royal Oak and major highways, this low-maintenance property offers flexibility and long-term value in a desirable location. Buyer to verify all

Features

0.04 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Ferndale over the last 12 months, the estimated median property value of 217 E Drayton St is $320k.

Median value
$320k
Estimated value range
$240k - $1.58m
Median days on market
35
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ferndale. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 217 E Drayton St

2026
Sold
$317,500
09 Sep 2026 by Keith Jourdan, of Preferred, Realtors Ltd
2016
Sold
$191,500
06 May 2016 by Margie Farris, of KW Metro

Happy sellers in Ferndale

89%
89% of sellers in Ferndale reported that their sale price either exceeded or met their price expectations.

Ferndale stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Ferndale over the last 12 months.

Local market activity for multi families in Ferndale

In the last 12 months, 23 multi families similar to 217 E Drayton St, have been sold.

This represents a 4% decrease in multi families sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ferndale

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Misty Morris

Misty Morris is an award winning recommended agent for Ferndale.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (30 reviews)
  •  1 Review in Ferndale
  •  1 Sale in Ferndale
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Stacy Anderson

Stacy Anderson is a recommended agent for Ferndale.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (6 reviews)
  •  1 Review in Ferndale
  •  1 Sale in Ferndale
View profile
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Christine Trupiano

Sellers who recommend Christine Trupiano have praised them for being local expert, responsive, clear communication, great negotiation, supportive, dedicated, and stress-free process

  •   5   (39 reviews)
  •  1 Review in Ferndale
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Robert Campbell

Sellers who recommend Robert Campbell have praised them for being local expert, clear communication, responsive, reliable, honest, great negotiation, and patient

  •   5   (62 reviews)
  •  1 Review in Ferndale
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