Refine Search

1529 Silman Street, Ferndale, MI 48220

$314,900
  • 1529 Silman Street, Ferndale, MI 48220 Main Photo

31 Total Photos [Click to View All]

Active Price Reduced by $5,000 on April 15th, 2026
BEDS0 BATHS2 full SQUARE FEET1,538 MLS#20261023151
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFord Heights- Ferndale SCHOOLHazel Park

Property Description

Welcome to this beautifully maintained two-unit duplex, ideal for both owner-occupants and investors. Live in one unit while renting the other, or rent both for strong cash flow. The property generates $2,800/month in total rental income — the upper unit rents for $1,150 (lease through November 2025) and the lower unit rents for $1,650 (lease through May 2026). This clean, thoroughly updated, and fully occupied duplex features newer siding and windows, newly installed A/C units in both apartments, fresh hardwood floors, new vinyl flooring, and a remodeled lower-level bathroom. Each unit offers two bedrooms plus a spacious den, which can easily be used as a third sleeping area with a rolling closet. The entry-level unit includes a large covered front porch, while the upper unit features an enclosed private covered landing. The home also offers a full basement with shared washer and dryer, along with ample storage space. Outside, enjoy a large private backyard, fenced on three sides. Utilities are shared. A solid investment with excellent income potential and flexible living options.

1529 Silman Street | MLS# 20261023151

This multi-family property located at 1529 Silman Street, Ferndale, MI 48220 is currently listed for sale with an asking price of $314,900. Silman Street is located within the Hazel Park school district. Search Ferndale real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partially Finished
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.11 Acres
Year Built: 1923

Feature Descriptions

Architecture: Other
Days on Site: 8
Exterior: Brick, Vinyl
Foundation: Basement
Lot Dimensions: 0.11 Acre(s)
Lower Level Finished Sqft: 874
Road Frontage: Paved
Summer Tax: $8372.0000
Winter Tax: $65.0000

Local Schools

School District: Hazel Park

Listed By / Shown By

Listed By

Agency Name: EXP Realty Main
Agency Phone: (888) 501-7085

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

IDX logo

Estimate Your Payment

Estimated Payment

$ 1,853.31 per month $1,761.46 Principal & Interest $0.00 Property Tax (data not provided by mls) $91.85 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Register to View this Listing

Why Create an Account?

If you're searching for your next home, or just curious about the market there is no better tool to help you quickly find homes that meet your needs and wants.

With an account you can:

  • Save your favorite listings
  • Save searches with your important parameters
  • Be emailed about new listings that meet your criteria
  • Be notified of changes to your saved listings such as a price reduction or when a property goes off the market
  • Keep track of homes you have recently viewed

Sign Up Today

At least 6 characters with one uppercase, one lowercase, and one number

Already have an account? Sign in here.

Forgot your password?

Pixel