Movoto Real Estate
Sold on 12/08/2025
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2932 Grayson St, Ferndale, MI 48220

$240,000

Last sold 12/08/2025 after 31 Days

  • 2

    bed

  • 2

    bath

  • 1,400

    Sqft ($171/Sqft)

Multi-family not for sale

About 2932 Grayson St

Property type Multi-family
Neighborhood
Year built 1955
HOA fee $0/month
Lot size 5,227 Sqft
Rental estimate
Property description
Beautifully updated duplex in Ferndale; an investment property or owner/occupant opportunity. An exceptional investment property, perfect for house hackers, or long-term owners looking for strong rental potential. Beautifully maintained two-unit duplex has been lovingly cared for by the same family for many years and offers both comfort and versatility in a very desirable location. Each unit has approximately 700 square feet of well-designed living space, including 1 bedroom, 1 bath, in-unit laundry, a dining area, a spacious living room, and access to a shared utility room – a total of 1,400 sq.ft. across the property. Both units are exceptionally clean and updated with fresh paint, new carpet and appliances, renovated bathrooms, and newer windows, ensuring low maintenance for years to come. Enjoy charming front and back porches, a large backyard, and on-street parking. Though the property is listed under a single parcel ID, each unit has separate addresses, individual utility meters, providing convenience and flexibility for managing tenants or multi-generational living. Located in a prime Ferndale neighborhood, this multi-family home is within walking distance to Woodward Heights and Hilton, across the street from Ferndale’s Early Childhood Development Center, and close to local parks, shopping, dining, and nightlife. It’s the perfect blend of community charm and urban convenience. This is a rare duplex for sale in Ferndale for less than the price of a single condo! Live in one and rent the other for passive income, use one as a guest suite or home office, or rent both for an excellent cash-flow opportunity! Whether you’re seeking a turnkey rental property, a multi-family investment, or a comfortable home with income potential, this duplex is a smart and exciting buy that delivers! Schedule your showing today and see why this Ferndale income property stands out as one of the best opportunities on the market.
Listed by
Listing Agent - Nancy R Robinson
Listing Agent Contact: 2482241013
Listing Office - Real Broker, LLC Berkley
Source: Realcomp mls logo
MLS#20251049178 • last updated 2 months ago
Movoto checked Realcomp for data 7 minutes ago
Overview
Cooling/AC Central Air
Heating ForcedAir, NaturalGas
Levels/Style One, Ranch
Status Closed
SubType Multi Family
Living Area 1400
MLS # 20251049178
Lot Size (Acres) 0.12
Property Tax 2308
Interior
Total # of Bathrooms 2
# of Full Baths 2
Laundry GasDryerHookup, InUnit, WasherHookup
Interior Features High Speed Internet, Programmable Thermostat
Exterior
Construction AluminumSiding, VinylSiding
Foundation Crawl Space
Roof Asphalt
Parking On Street
Exterior Features Lighting, PrivateEntrance
Fencing Back Yard
Patio/Porch Porch
Amenities / Utilities
Pool None
Location
Subdivision CAMPBELL HEIGHTSNO 1
Community Features Sidewalks
High School District Ferndale
APN 2527279009
Directions North On Grayson From Woodward Heights West Of Hilton
Zoning Residential
Multifamily Details
Gross Scheduled Income 21600
Operating Expense 4000
Net Operating Income 17600
Monthly Rental Income 1800
Lot/ Land Details
Road Frontage Paved
We are not permitted to show value estimates for this property.
  • Dec 2025
    Public Records
  • Dec 16, 2025 Sold
    $240,000
  • Dec 2025
    mls logo MLS # 20251049178
  • Dec 8, 2025 Sold
    $240,000 (+2.1%)
  • Nov 18, 2025 Pending
  • Nov 7, 2025 Listed
    $235,000
  • Nov 2025
    mls logo MLS # 60951595
  • Nov 7, 2025 Listed
    $235,000
  • Year Property taxes Tax assessment
  • 2023
    $2,208 +4.0%
    $115,550 +19.64%
  • 2021
    $2,123 +1.8%
    $96,580 +18.94%
  • 2020
    $2,086 +1.6%
    $81,200 +20.87%
  • 2019
    $2,052
    $67,180
  • 2932 Grayson St
    $240K
  • Ferndale
    $252K -11% y/y
  • 48220
    $245K -9% y/y
  • Ferndale
    $249K -9% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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