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$359,000

421 W Troy St Ferndale, MI 48220

2 full
1,484 sqft
0.1 acres
$242 / sqft
Multi-Family

Property details

About 421 W Troy St

Welcome to one of the best blocks in Ferndale—where charm, community, and convenience come together in a city known for its vibrant energy and eclectic spirit. Ferndale is for fun, and this fantastic multi-family property places you right in the heart of it all. Just steps from downtown, with its local shops, dining, coffeehouses, and nightlife, this home is an ideal opportunity for both savvy investors and owner-occupants alike. Both leases are up this Fall. The second floor tenant pays $1,100 and may want to renew. The property features numerous updates for modern living, including newer windows, roof, and furnace. The interiors have been freshly painted, and the lower unit’s updated kitchen shines with quartz countertops and a clean, contemporary feel. Central air conditioning ensures comfort during warm summer months, while a newer front porch adds welcoming curb appeal. Whether you’re looking for dual-rental income, multigenerational living, or want to convert the property into a spacious single-family home with an upstairs primary suite, this home offers versatile possibilities. The partially finished basement includes a separate room that can be used for storage, office space, or additional living area. Special added features include a carport, garden boxes, storage shed, and all appliances round out the list of thoughtful extras. Licensed as a rental with the City of Ferndale, this property is a turnkey income generator in one of Metro Detroit’s most sought-after and walkable communities. Don’t miss your chance to own a well-appointed, flexible-use home in a location that truly has it all. Schedule your private showing today and see how fun and functional Ferndale living can be.

Highlights

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
Size1,484 sqft
BasementYes
Lot size0.12 Acres
Year built1924
ParkingGarage, Street Parking, Parking Pad
MLS #20251020081

Summary

  • Full Bathrooms: 2
  • Basement: Yes
  • Interior: High Speed Internet
  • Attached Garage: No
  • Parking: Garage, Street Parking, Parking Pad
  • Exterior: Lighting
  • Architectural Style: Bungalow
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • List Price: $359,000
  • Price/SqFt: $241
  • Annual Tax Amount: $4,209
  • Tax Year: 2024
  • Directions: S of 9 Mile | W of Woodward
  • Year Built: 1924
  • Living Area: 1,484 SqFt
  • Lot Size: 0.12 Acres
  • MLS Number: 20251020081
  • MLS Name: Realcomp II Ltd
  • Office Name: Real Broker Berkley, Real Broker Birmingham
  • Listing Agent: Nancy R Robinson, Caren M Goldstone

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 11:45:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Aug 22, 2024
Home Sold
$330,000
Jan 31, 2011
Home Sold
$35,000
Oct 12, 2006
Home Sold
$100,000

Tax history

YearAssessmentProperty Tax
2024$128,980$4,209
2023$119,190$4,055
2022$108,110$4,068
2021$96,800$4,055
2020$90,970$3,911
2018$71,260$3,900
2017$69,530$3,843

History based on county public records data.

Nearby schools

3

John F. Kennedy Elementary School

Public Magnet 3-5

1.4 mi

24220 Rosewood St

2

Pasteur Elementary School

Public District PK-6

1.5 mi

19811 Stoepel St

1

Key Elementary School

Public District PK-5

1.9 mi

23400 Jerome St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $67,727. Most Ferndale, MI residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

20%
<35k
45%
35k-100k
35%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

55%
Single, No Kids
7%
Single, with Kids
23%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

11%
<11 yrs old
5%
12-17 yrs old
31%
18-34 yrs old
44%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • TennisTennis
  • Men's TennisMen's Tennis
  • Hiking/backpackingHiking/backpacking

Where do the neighbors shop?

  • Crate & BarrelCrate & Barrel
  • Nordstrom RackNordstrom Rack
  • BloomingdalesBloomingdales

Where do the neighbors go to eat?

  • StarbucksStarbucks
  • The Cheesecake FactoryThe Cheesecake Factory
  • Boston MarketBoston Market

What do the neighbors drive?

  • BMWBMW
  • VolvoVolvo
  • AudiAudi

What do the neighbors listen to?

  • NewsNews
  • AlternativeAlternative
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 421 W Troy St

The listing price of 421 W Troy St property is $359,000.

The property 421 W Troy St is a multi located in Ferndale, Michigan, 48220.

Active Listing: 421 W Troy St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 421 W Troy St are: John F. Kennedy Elementary School (GreatSchools Rating 3/10), Pasteur Elementary School (GreatSchools Rating 2/10), Key Elementary School (GreatSchools Rating 1/10), Ferndale Middle School (GreatSchools Rating 2/10), Oak Park Preparatory Academy (GreatSchools Rating 1/10), Bates Academy (GreatSchools Rating 9/10), University High School (GreatSchools Rating 4/10), Ferndale High School (GreatSchools Rating 5/10), Tri County Educational Center (GreatSchools Rating 1/10).

According to the records, the last property tax for 2024 is $4,209 (source: MLS/based on county public records data).

The last sale was on August 22, 2024 for $330,000 (source: MLS/tax record).

The property 421 W Troy St is 1,484 SqFt (source: MLS/tax record).

The year of construction for 421 W Troy St is 1924.

This home is located at 421 W Troy St in Ferndale, MI and zip code 48220. This 1,484 square foot home, which was built in 1924, sits on a 0.12 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 29, 2025 and is currently priced at $359,000.

Over 7 listings were sold over their listed price in July 2025 in Ferndale, MI. In the same period over 4 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in Ferndale, MI increased by 48.2% between June and July 2025. Listings spent 16 days on the market in July 2025, and had a median list price of $250,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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