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About this home
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
Aston, located between Woodward Avenue and I-75, is a residential and walkable Ferndale neighborhood with tree-lined blocks and quick hops to downtown storefronts. The neighborhood’s character concentrates around 9 Mile Road and Woodward Avenue, where sidewalk patios, indie boutiques, and late-night bites set a steady street-level hum. Housing leans toward compact early- and mid-century homes with tidy porches and small gardens, plus a few low-rise apartments near the main corridors. The vibe tilts arts-forward, with live music and gallery energy spilling outward from downtown. The Loving Touch anchors the local concert calendar, while Rust Belt Market and Detroit Fleat keep weekends focused on makers and vintage finds. Green breaks come via nearby Martin Road Park and the Ferndale Project’s beer garden.
Provided by Walk Score and Local Logic
Market insights
425 Vester St · $619,000
DAYS ON MARKET
9 days
The average home goes pending in 22 days.
SALE-TO-LIST
96.8%
Most homes are selling 3% below list price.
LIST PRICE
$619,000
Median list price in this area is $355,628. (43% lower than this home)
PRICE DROP
0 price drops
21% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Finished basement
Bedrooms
Multifamily property with 4 total units
Bathrooms
4 full bathrooms (total)
Laundry & utility
Basement utilities/space
Heating & cooling
Forced air heating
Natural gas fuel
Exterior features
Paved street access
55 feet of frontage
Landscaped/urban lot
Home design
Multi-Family raised ranch
Built in 1916
Construction
Vinyl siding and wood exterior
Basement foundation
Utilities
Public water
Natural gas
Forced air heating system
Financial info
Property used as a 4-unit multifamily
Net operating income reported as $0
Electricity and solar
View estimated energy costs and solar savings for this home
The investment opportunity of the year is here! Located in the heart of Ferndale, surrounded by exciting new development, this fully updated four-unit multifamily property offers exceptional income potential and turnkey appeal. The property features two upper units, each offering 2 bedrooms and 1 full bathroom, along with two lower units, each offering 1 bedroom and 1 full bathroom. Every unit has been updated with high-end finishes throughout. One unit is currently rented for $1,600 per month, with projected total rental income of approximately $6,700 per month. Also includes a coin operated washer and dryer used by all tenants. Whether you are looking to add a strong income-producing asset to your portfolio or begin your investment journey, this is an opportunity you will not want to miss. Schedule your private showing today!
MiRealSource-MiMLS #60303852
Apr 30, 2024
Sold
$455,000
$244/sq ft
Apr 30, 2024
Sold
$455,000
$244/sq ft
Apr 29, 2024
Listing Removed
—
Apr 29, 2024
Listed
$455,000
$244/sq ft
Apr 29, 2024
Listed
$455,000
$244/sq ft
REALCOMP #20240028136
Apr 30, 2024
Sold
$455,000
$244/sq ft
Apr 29, 2024
Listing Removed
—
Apr 29, 2024
Listed
$455,000
$244/sq ft
SOLD! SOLD! SOLD!
REALCOMP #20240006755
May 15, 2024
Rental Removed
$1,100
$1/sq ft
May 7, 2024
Listed for Rent
$1,100
$1/sq ft
May 1, 2024
Rental Removed
$1,400
$1/sq ft
Feb 3, 2024
Listed for Rent
$1,400
$1/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
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Lot size
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Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Oakland County
APN
2527487016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jun 30, 2025.
R-3
Single/Multiple-Family Residential, Medium Density District
The R-3 district is composed of those areas of the city where the principal intended use are single and multiple-family dwellings at a lower density than permitted in R-4 that are compatible with single-family residential districts in relation to setbacks and related uses in keeping with the master plan. These areas should be located near major streets for accessibility and nominal traffic impact on adjacent single-family areas. The various types and sizes of residential units allowed in this district are intended to provide zones of transition between residential and other districts and to serve the needs of different age and family groups without creating an unreasonable burden to existing community facilities, utilities or services.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Ferndale, MI • 48220 2890
Average low and high temperatures (°F)
28
17
35
21
53
33
62
42
69
50
82
62
85
68
81
63
77
59
66
48
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Ferndale. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
5.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 425 Vester St
$600,717
$18K under list price of $619K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $20K to $365K.