Last Sold Price
3,600 sqft$110/sqft
1350 Alter Road, Detroit, MI 48215

Description

Excellent investment opportunity! This well-located 4-unit multifamily property is situated in a desirable area of Detroit, directly adjacent to Grosse Pointe. All units were fully renovated in 2023 and are in great condition. Three units are currently rented at an average of $1,000 per month with strong, reliable tenants, while one unit is vacant - perfect for owner occupancy or added cash flow. Tenants pay their own gas and electricity. The property also offers rear parking for added convenience....Excellent investment opportunity! This well-located 4-unit multifamily property is situated in a desirable area of Detroit, directly adjacent to Grosse Pointe. All units were fully renovated in 2023 and are in great condition. Three units are currently rented at an average of $1,000 per month with strong, reliable tenants, while one unit is vacant - perfect for owner occupancy or added cash flow. Tenants pay their own gas and electricity. The property also offers rear parking for added convenience. Immediate income with upside potential, making this a great addition to any investor's portfolio. Showings are limited to the vacant unit only. Additional units may be shown upon accepted offer.
LISTING CLOSED: 03/06/2026 12:00 AM

  1. Listed by Camila Gill Peris • Coldwell Banker Professionals-Birm
    P: (646) 407-8746 C: (646) 407-8746 camilagillperis@gmail.com

Property Details for 1350 Alter Road

Status
MLS #
60964713
Days on Market
9
Taxes
$2,911 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1924
Lot Size
0.11 AC / 4,791 SF
Architectural Style
2 Story
Subdivision Name
Turnbull & Epsteans Jefferson Ave
Has Waterfront
No
Zoning Description
Multi-Family

Location

Listing Courtesy of Coldwell Banker Professionals-Birm

Sold By LPS

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Building Information for 1350 Alter Road

Stories2Residences4Year Built1924Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$2,250 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,008

Property Taxes

$243

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1350 Alter Road

Summary
Location and General Information
  • Cross Street: Brooks st. and Hampton st
  • Directions: North On Jefferson Left On Alter
  • Latitude: 42.378268
  • Longitude: -82.941416
  • MLS Area Major: Detroit (82001)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: W21I062723S
  • Tax Annual Amount: $2,911.00
  • Tax Assessed Value: 33017
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.11
  • Lot Size Units: Acres
  • Lot Size Dimensions: 77x101x77x101
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 3600.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 3600.0
  • Living Area: 3600.0
  • Living Area Source: Estimated
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1924
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Has Cooling: No
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
Income & Expenses
  • Gross Scheduled Income: $48,000
  • Net Operating Income: $33,600
Unit Information
Unit 1
  • Baths Total: 1
  • Type: One Bedroom
Unit 2
  • Baths Total: 1
  • Type: One Bedroom
Unit 3
  • Baths Total: 1
  • Type: Two Bedroom
Unit 4
  • Baths Total: 1
  • Type: Two Bedroom

Property History for 1350 Alter Road

DateEvent & SourcePriceAppreciation
Mar 6, 2026

Sold (Public Record)

Public Record #1938653756

$395,000

+6.3% / yr

Mar 6, 2026

Sold

Realcomp #20251062111

$395,000
Mar 6, 2026

Sold

MiRealSource #60964713

$395,000
DateEvent & SourcePrice
03/06/2026

Sold (Public Record)

Public Record #1938653756

$395,000

+6.3% / yr

03/06/2026

Sold

Realcomp #20251062111

$395,000
03/06/2026

Sold

MiRealSource #60964713

$395,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1350 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2025$2,692 ($224 / month)
Home Facts
Baths4.5Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtUnfinished Basement SqFt1,760 SqFtStories2Lot Size4,792 SqFtStyleMulti-Family Dwelling (2-4)Year Built1924Year Renovated1924ZoningR2CountyWAYNEAPN21062723.

Schools near 1350 Alter Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Carstens Elementary-Middle School
PublicPK to 8

Detroit International Academy For Young Women
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Coldwell Banker Professionals-Birm

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