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Back 518 E Troy St
Off Market

518 E Troy St

Ferndale MI 48220

2
1494 sq. ft.
0.08 ac.
Multi-Family
Last sold for $282,000
Jessica JuelJessica Juel, last sold this property on 16 September 2025 after 20 days on market.

Overview

Turn-key and low-maintenance, this beautifully updated Ferndale duplex is just steps from Nine Mile in the heart of downtown. Completely redone from the studs in 2015, the property has been well maintained and offers both charm and functionality. A covered front porch adds curb appeal, while inside you'll find two distinct units: the lower level features two bedrooms with a dedicated dining room, and the upper unit includes a large, comfortable living room and one bedroom. Both units are occupied by long-term tenants with leases secured through March & June. The shared basement offers laundry, storage, and has been professionally waterproofed with a transferable 20-year warranty. Outside you'll find ample parking and a fenced yard. Rental certified and nothing left to do, this is an excellent opportunity for a first-time investor or a seasoned buyer looking to add a dependable property to their portfolio. 24 hour notice required to show. Showings will be Saturday & Sunday, August 23rd & 24th.

Features

2 bathrooms
1494 sq. ft. floor area
0.08 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 518 E Troy St is $325k.

Median value
$325k
Estimated value range
$240k - $1.58m
Median days on market
44
Estimated value trend
16%
increase 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 518 E Troy St

2025
Sold
$282,000
16 Sep 2025 by Jessica Juel, of Arterra Luxe Collection LLC
2023
Rented
Undisclosed
01 Jul 2023 by Keller Williams Somerset
2022
Rented
Undisclosed
19 Dec 2022 by Keller Williams Somerset

Happy sellers in Ferndale

84%
84% 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 5 reviews in Ferndale over the last 12 months.

Local market activity for multi families in Ferndale

In the last 12 months, 18 multi families similar to 518 E Troy St, have been sold.

This represents a 50% 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   (5 reviews)
  •  1 Review in Ferndale
  •  1 Sale 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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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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