Last Sold Price
1,797 sqft$118/sqft
532 Alter Road, Detroit, MI 48215

Description

Welcome to 532-534 Alter Rd. A meticulously maintained and updated duplex on a highly sought after street with very few properties coming to market. Lower unit is 2 beds and 1 bath and upper unit is 1 bed and 1 bath. Units boast refinished hardwood floors, updated kitchens, and clean and well maintained bathrooms. Other upgrades include vinyl windows, newer furnace and hot water heater, central air, updated electrical, keypad access to property and units, 2 car garage with power, and french drainage...Welcome to 532-534 Alter Rd. A meticulously maintained and updated duplex on a highly sought after street with very few properties coming to market. Lower unit is 2 beds and 1 bath and upper unit is 1 bed and 1 bath. Units boast refinished hardwood floors, updated kitchens, and clean and well maintained bathrooms. Other upgrades include vinyl windows, newer furnace and hot water heater, central air, updated electrical, keypad access to property and units, 2 car garage with power, and french drainage system in basement. Both units are rented to short term tenants - lower through 12/31 and upper through 11/5. Schedule showing today, this one will not last long.
LISTING CLOSED: 12/11/2024 01:48 PM

  1. Listed by Peter N Maniaci • Jim Saros Real Estate Services
    P: (313) 657-4187 C: (313) 657-4187 pmaniaci@sarosres.com

Property Details for 532 Alter Road

Status
MLS #
60348093
Days on Market
45
Taxes
$2,525 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1955
Lot Size
0.16 AC / 6,969 SF
Architectural Style
2 Story
Subdivision Name
WINDMILL POINTE SUB (ALSO P6) (PLATS)
Has Waterfront
No
Zoning Description
Multi-Family

Recent comparable sales

Median sold price

$170,000

Avg days on market

37

Sale-to-list ratio

95.9%

Detroit, MI

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Square Feet
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Square Feet
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Unavailable
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Square Feet
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Acres
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Bedrooms
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Square Feet
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Acres
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Sold 05/05/26

Unavailable
Bedrooms
1,964
Square Feet
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Acres
$155,000 | 4635 Courville Street, Detroit, MI 48224
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Sold 11/17/25

Unavailable
Bedrooms
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Square Feet
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Acres

Location

Listing Courtesy of Jim Saros Real Estate Services

Sold By LPS

Add your commute

Building Information for 532 Alter Road

Stories2Residences2Year Built1955Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

$1,288 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,078

Property Taxes

$210

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 532 Alter Road

Summary
Location and General Information
  • Cross Street: Alter and Jefferson
  • Directions: S of Jefferson E side of Alter
  • Latitude: 42.36950998
  • Longitude: -82.93557698
  • MLS Area Major: Detroit (82001)
  • Senior Community: No
Taxes and HOA
  • Parcel Number: W21I062661S
  • Tax Annual Amount: $2,525.00
  • Tax Assessed Value: 25295
  • Tax Other Annual Assessment Amount: $340.00
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Two Car Garage
  • Parking Total: 2.0
Property
Lot Information
  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Units: Acres
  • Lot Size Dimensions: 50.00 x 135.00
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • Above Grade Finished Area: 1797.0
  • Building Area Total: 1797.0
  • Living Area: 1797.0
  • Living Area Source: Assessor
  • New Construction: No
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 1955
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Block
  • 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: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
Multi Family
Multi Family Information
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
Income & Expenses
  • Gross Scheduled Income: $43,200

Property History for 532 Alter Road

DateEvent & SourcePriceAppreciation
Dec 11, 2024

Sold

Realcomp #20240078750

$212,000
Dec 11, 2024

Contract Signed

Realcomp #20240078750

Dec 11, 2024

Sold (Public Record)

Public Record #1548860313

$212,000

+11.7% / yr

DateEvent & SourcePrice
12/11/2024

Sold

Realcomp #20240078750

$212,000
12/11/2024

Contract Signed

Realcomp #20240078750

12/11/2024

Sold (Public Record)

Public Record #1548860313

$212,000

+11.7% / yr

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

Public Records for 532 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2025$5,307 ($442 / month)
Home Facts
Baths1.5Total Finished SqFt1,797 SqFtAbove Grade Finished SqFt1,797 SqFtUnfinished Basement SqFt1,011 SqFtStories1Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1955Year Renovated1955ZoningR2CountyWAYNEAPN21062661.

Schools near 532 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 532 Alter Road, Detroit, MI 48215
$212,000
1,797
6,969
$17,000
3
1,622
6,750
1,417
6,970
2
2,421
6,970
$122,347
3
1,127
4,269
$474,000
3
2,982
12,196

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 Jim Saros Real Estate Services

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