4740-4742 Alter Road

New
New
Brick exterior with white trim windows and a dormer
Wood-finish flooring throughout, white trim, and multiple windows with blinds
IMG_1708.jpeg
Additional content
Wood-finish flooring throughout, multiple paneled doors with contrasting trim, and a flush-mount ceiling light fixture
Wood-finish flooring throughout
Recessed closet featuring an integrated hanging rod and upper shelf storage
Bathroom featuring a clawfoot tub, white paneled vanity, and wood-finish flooring
Wood-finish flooring with white trim, a single window, and a flush-mount ceiling light
Wood-finish flooring, neutral wall tones, and multiple windows with white trim
Room featuring wood-finish flooring, neutral wall tones, and overhead flush-mount lighting
Kitchen featuring white upper and lower cabinetry, a double basin stainless steel sink, and a refrigerator
Kitchen featuring a gas range, white refrigerator, and patterned floor tiling
White bathtub, white walls, wood-finish flooring, white vanity with integrated sink, and wall-mounted mirror
Room with wood-finish flooring, two windows with blinds, a ceiling-mounted light fixture, and neutral-toned walls
Bright secondary bedroom showcasing gleaming wood-finish flooring, crisp white trim and baseboards, soft neutral wall paint, and abundant natural light from a dual-pane window with plantation shutters
Bright hallway featuring rich wood-finish flooring, multiple white panel doors with hardware, recessed ceiling lighting, and neutral wall finishes throughout
Spacious living area featuring wood-finish flooring, light gray wall paint, and white trim
Freestanding pedestal bathtub, single window with privacy glass, vanity with integrated sink, wood-finish flooring, and wall-mounted mirror
Upper unit Floor plan
Active
$95,000
4 beds2,214 sqft
4740-4742 Alter Road, Detroit, MI 48215
Est: $895/moGet pre-approved
Multi FamilyProperty Type
0.08 acresLot Size
1922Year Built
$43/sq ftPrice per sq ft

Description

Well-maintained upper/lower duplex in Detroit's Morningside neighborhood, conveniently located near the Grosse Pointe Park border with easy access to I-94. Property features plumbing and electrical upgrades completed last year, and the upper unit was completely turned approximately five months ago. Property has passed City rental inspection and previous Housing Choice Voucher (HCV) inspections, with another HCV inspection scheduled. One tenant currently participates in the HCV program. Great opportunity...Well-maintained upper/lower duplex in Detroit's Morningside neighborhood, conveniently located near the Grosse Pointe Park border with easy access to I-94. Property features plumbing and electrical upgrades completed last year, and the upper unit was completely turned approximately five months ago. Property has passed City rental inspection and previous Housing Choice Voucher (HCV) inspections, with another HCV inspection scheduled. One tenant currently participates in the HCV program. Great opportunity for investors seeking an established rental property in a convenient location. Available individually or as part of a six-property investment portfolio.
1 day on Market
  • Listed by: Colleen Kennedy 248.417.1396 ckennedy@irgmi.com Brokerage DRE #6505432821 • Prospect Realty Group
Last updated: 09/29/2026 06:00 AM • Source: Realcomp, MLS#: 20261078461

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Listing Courtesy of Prospect Realty Group
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$895 per month

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Principal and Interest

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Property Taxes

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Property Information for 4740-4742 Alter Road

Property Details
  • Taxes: $4,652 / year
  • MLS Type: Residential Income / Multi Family
  • County: Wayne County
  • Subdivision Name: Elm Park 1
  • Architectural Style: Duplex, Traditional
  • Waterfront: No
  • Zoning Description: Residential
  • Senior Community: No
Building Information
  • Residences: 2
  • Year Built: 1922
  • Lot Size: 0.08 AC / 3,484 SF
Summary
Location and General Information
  • Carrier Route: C016
  • Directions: Exit at Alter from 94, go south, property will be on the left after Warren Ave.
  • Latitude: 42.395362
  • Longitude: -82.952728
  • Cross Street: E Warren Ave and Alter
  • MLS Area Major: Detroit (82001)
Taxes and HOA
  • Parcel Number: W21I062900S
  • Tax Amount Summer: $2,888.00
  • Tax Amount Winter: $1,764.00
  • Tax Annual Amount: $4,652.00
  • Tax Assessed Value: $35,242.00
  • Tax Legal Description: E ALTER 73 ELM PARK SUB NO 1 L42 P50 PLATS, W C R 21/613 35 X 100.11A
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage: No
Property
Lot Information
  • Lot Size Acres: 0.08
  • Lot Size Dimensions: 35X100.11
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 54100.0
  • Living Area: 2214.0
  • Building Area Total: 2214.0
  • Above Grade Finished Area: 2214.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 1107.0
  • Class Name: Residential Income
  • Living Area Source: Estimated
  • New Construction: No
  • Year Built: 1922
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Brick Mortar
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 2.0
  • Basement: Common, Full, Interior Entry, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Has Cooling: No
  • Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • UnitTwoBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Leased: 2
  • Number of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $24,000.00
  • Net Operating Income: $18,000.00
Unit Information
Unit 1
  • Total Bathrooms: 1
  • Sq Ft: 1100.0
  • Type: Two Bedroom
Unit 2
  • Total Bathrooms: 1
  • Sq Ft: 1114.0
  • Type: Two Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,000.00
  • Existing Lease: Yes
  • Pets Allowed: Yes
  • Rent Includes: Maintenance Off Site, Sewer, Trash Collection, Water, Yard Maintenance

Property History for 4740-4742 Alter Road

DateEvent & SourcePriceAppreciation
Sep 28, 2026

Listed (Active)

MiRealSource #61034200

$95,000—
Sep 28, 2026

Listed (Active)

Realcomp #20261078461

$95,000—
DateEvent & SourcePrice
09/28/2026

Listed (Active)

MiRealSource #61034200

$95,000
09/28/2026

Listed (Active)

Realcomp #20261078461

$95,000

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

Schools near 4740-4742 Alter Road

This home is within Detroit Public Schools Community District.
Rating
School
Type
Grades
Distance
Bates Academy
Public - PK to 8
Foreign Language Immersion And Cultural Studies
Public - PK to 8
Brown Ronald Academy
Public - PK to 8
Detroit International Academy For Young Women
Public - PK to 12
Rating
School
Distance
Bates Academy
PublicPK to 8

Foreign Language Immersion And Cultural Studies
PublicPK to 8

Brown Ronald Academy
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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More information about 4740-4742 Alter Road, Detroit, MI 48215

4740-4742 Alter Road is a multi-family home for sale in Detroit, MI 48215. This property was listed for sale on September 28, 2026 by Prospect Realty Group, it's currently listed at $95,000. This listing's school district is Detroit Public Schools Community District. Nearby schools include Bates Academy, Foreign Language Immersion And Cultural Studies and Brown Ronald Academy. 4740-4742 Alter Road is a 4-bed, 2-bath, 2,214 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prospect Realty Group

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 09/29/2026 06:00 AM PST