Last Sold Price
2,400 sqft$100/sqft
302 Alter RoadDetroit, MI48215

Description

One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building - or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units - each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living...One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building - or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units - each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas - everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park - close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.
LISTING CLOSED: 10/28/2025 12:00 AM

  1. Listed by James B Saros • Jim Saros Real Estate Services
    P: (313)-886-9030 jbsaros@sarosres.com

Property Details for 302 Alter Road

Status
MLS #
60918379
Days on Market
55
Taxes
$1,991 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1947
Lot Size
0.19 AC / 8,276 SF
Architectural Style
2 Story
Subdivision Name
Windmill Pointe Sub Also P6
Has Waterfront
No
Zoning Description
Multi Family, Residential

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS

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Building Information for 302 Alter Road

Stories2Residences2Year Built1947Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,386 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,220

Property Taxes

$166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 302 Alter Road

Summary
Location and General Information
  • Cross Street: Korte & Alter
  • Directions: South of Jefferson
  • Latitude: 42.365178
  • Longitude: -82.93276
  • MLS Area Major: Detroit (82001)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: 21062630
  • Tax Annual Amount: $1,991.00
  • Tax Assessed Value: 19054
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Total: 2.0
Property
Lot Information
  • Frontage Length: 36.0
  • Lot Size Acres: 0.19
  • Lot Size Units: Acres
  • Lot Size Dimensions: 60 x 135
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2400.0
  • Above Grade Finished Area Units: Square Feet
  • Building Area Total: 2400.0
  • Living Area: 2400.0
  • Living Area Source: Estimated
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1947
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Sewer At Street
  • Utilities: Natural Gas Available, Sewer Available
  • Water Source: Waterat Street
Interior and Exterior Features
Interior Features
  • Basement: Full, Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • 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: 1
  • Number Of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $31,200
  • Net Operating Income: $21,700
  • Operating Expense: $9,500.00
Unit Information
Unit 1
  • Baths Total: 1
  • Type: Three Bedroom
  • Units Total: 2

Property History for 302 Alter Road

DateEvent & SourcePriceAppreciation
Nov 10, 2025

Sold (Public Record)

Public Record #1925324922

$240,000

+7.4% / yr

Oct 28, 2025

Sold

MiRealSource #60918379

$240,000
Oct 28, 2025

Sold

Realcomp #20251017055

$240,000
DateEvent & SourcePrice
11/10/2025

Sold (Public Record)

Public Record #1925324922

$240,000

+7.4% / yr

10/28/2025

Sold

MiRealSource #60918379

$240,000
10/28/2025

Sold

Realcomp #20251017055

$240,000

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

Public Records for 302 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2023$1,668 ($139 / month)
Home Facts
Total Finished SqFt1,127 SqFtAbove Grade Finished SqFt1,127 SqFtStories5Lot Size8,276 SqFtStyleDuplexYear Built1947ZoningR2CountyWAYNEAPN21062630.

Schools near 302 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 Jim Saros Real Estate Services

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