Back 242 West Webster Avenue
Off Market

242 West Webster Avenue

Ferndale MI 48220

2
1860 sq. ft.
0.1 ac.
Multi-Family
Last sold for $408,000
Wendi MillerWendi Miller, last sold this property on 31 October 2025 after -243 days on market.

Overview

Fully renovated duplex in the heart of Ferndale, just minutes from downtown. Both units feature private balconies (upper and lower), quartz countertops, modern stainless steel appliances and full private basement with in unit laundry. A 2 car garage and updated mechanicals (furnace, AC, and plumbing -all within last 5yrs) add to value. Excellent income producing property generating $46,000+ annually. The first floor unit is set up as a short term rental (Airbnb) with 100% occupancy for the last 2 years, averaging $2,300/ month. The second floor unit is currently leased at $1,930/month with a consistent 2+ year rental history. Perfect for investors, house-hackers or owner-occupants looking to offset their mortgage. Don't miss this turnkey opportunity in one of Metro Detroit's hottest rental markets! Owner is a licensed agent.

Features

2 bathrooms
1860 sq. ft. floor area
0.1 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 242 West Webster Avenue is $323.75k.

Median value
$323.75k
Estimated value range
$240k - $1.58m
Median days on market
35
Estimated value trend
-1%
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 242 West Webster Avenue

2026
Rented
Undisclosed
01 May 2026 by KW Domain
2025
Sold
$408,000
31 Oct 2025 by Wendi Miller, of Good Company
2020
Sold
$310,000
09 Jun 2020 by Lanie Hardy, of KW Domain

Happy sellers in Ferndale

87%
87% 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 6 reviews in Ferndale over the last 12 months.

Local market activity for multi families in Ferndale

In the last 12 months, 21 multi families similar to 242 West Webster Avenue, have been sold.

This represents a 16% decrease in multi families sales when compared to the previous 12 months.

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