Back 575 East Troy Street
Off Market

575 East Troy Street

Ferndale MI 48220

8
9194 sq. ft.
0.25 ac.
Multi-Family
Last sold for $1,200,000
Brady WilliamsBrady Williams, last sold this property on 22 July 2025 after -22 days on market.

Overview

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.

Features

8 bathrooms
9194 sq. ft. floor area
0.25 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 575 East Troy Street is $322.5k.

Median value
$322.5k
Estimated value range
$240k - $1.58m
Median days on market
40
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 575 East Troy Street

2025
Sold
$1,200,000
22 Jul 2025 by Brady Williams, of Greater Development LLC

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 575 East Troy Street, have been sold.

This represents a 5% decrease in multi families sales when compared to the previous 12 months.

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