Last Sold Price
5 beds2,512 sqft$24/sqft
5530 Alter Road, Detroit, MI 48224

Description

Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace...Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Don’t miss this incredible opportunity – submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!
LISTING CLOSED: 06/07/2025 11:29 PM

  1. Listed by Tekeila Steen • Keller Williams Realty-Great Lakes
    P: (810) 882-8559 C: (810) 882-8559 agent@tekeilasteen.com

Property Details for 5530 Alter Road

Status
MLS #
60360811
Days on Market
163
Taxes
$1,395 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1938
Lot Size
0.11 AC / 4,791 SF
Architectural Style
Traditional
Subdivision Name
WALLACE FRANK B ALTER RD GARDENS
Has Waterfront
No

Location

Listing Courtesy of Keller Williams Realty-Great Lakes

Sold By Keller Williams Realty-Great Lakes

Add your commute

Building Information for 5530 Alter Road

Stories2Year Built1938Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

$426 per month

30 year fixed, 6.55% Interest

Principal and Interest

$310

Property Taxes

$116

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5530 Alter Road

Summary
Location and General Information
  • Cross Street: Chandler Park Drive and O
  • Directions: Before Skateland coming from I94
  • Latitude: 42.400816
  • Longitude: -82.956777
  • MLS Area Major: Detroit (82001)
  • Senior Community: No
Taxes and HOA
  • Association: No
  • Parcel Number: W21I062959S
  • Tax Annual Amount: $1,395.00
  • Tax Assessed Value: 12402
  • Tax Other Annual Assessment Amount: $350.00
School Information
  • High School District: Detroit
Parking
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Paved, Detached
Property
Lot Information
  • Frontage Length: 1.0
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Units: Acres
  • Lot Size Dimensions: 40.00 x 115.00
  • Road Frontage Type: Paved
Property and Assessments
  • Above Grade Finished Area: 2512.0
  • Building Area Total: 3333.0
  • Living Area: 2512.0
  • Living Area Source: Estimated
  • New Construction: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1938
Building Features
  • Construction Materials: Brick
  • Entry Location: Ground Levelw Steps
  • Foundation Details: Basement, Block
  • Levels: Two
  • Total Stories: 2
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Private Pool: No
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Has Cooling: No
  • Has Fireplace: No
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • Total Rooms: 9
Room Information
Room 1
  • Dimensions: 10x8
  • Length: 10.0
  • Level: Second
  • Type: Bedroom 5
  • Width: 8.0
Room 2
  • Dimensions: 6x5
  • Length: 6.0
  • Level: Basement
  • Type: Bathroom 1
  • Width: 5.0
Room 3
  • Dimensions: 14x12
  • Length: 14.0
  • Level: Entry
  • Type: Bedroom 1
  • Width: 12.0
Room 4
  • Dimensions: 10x8
  • Length: 10.0
  • Level: Entry
  • Type: Bedroom 2
  • Width: 8.0
Room 5
  • Dimensions: 11x9
  • Length: 11.0
  • Level: Basement
  • Type: Bedroom 3
  • Width: 9.0
Room 6
  • Dimensions: 6x5
  • Length: 6.0
  • Level: Basement
  • Type: Primary Bedroom
  • Width: 5.0
Room 7
  • Dimensions: 9x10
  • Length: 9.0
  • Level: Second
  • Type: Bedroom 4
  • Width: 10.0
Room 8
  • Length: 10.0
  • Level: Second
  • Type: Bedroom
  • Width: 8.0
Room 9
  • Length: 7.0
  • Level: Second
  • Type: Bath Full
  • Width: 4.0

Property History for 5530 Alter Road

DateEvent & SourcePriceAppreciation
Jul 8, 2025

Sold (Public Record)

Public Record #1907057683

$66,000
Jun 7, 2025

Sold

Realcomp #20240093046

Jun 7, 2025

Contract Signed

Realcomp #20240093046

DateEvent & SourcePrice
07/08/2025

Sold (Public Record)

Public Record #1907057683

$66,000
06/07/2025

Sold

Realcomp #20240093046

06/07/2025

Contract Signed

Realcomp #20240093046

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

Public Records for 5530 Alter Road

Taxable ValueLand-Additions-Total-
Tax Record2023$1,121 ($93 / month)
Home Facts
Baths2.5Total Finished SqFt2,512 SqFtAbove Grade Finished SqFt2,512 SqFtStories2Lot Size4,792 SqFtStyleDuplexYear Built1938ZoningR1CountyWAYNEAPN21062959.Fireplace TypeHas Fireplace

Schools near 5530 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

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5530 Alter Road, Detroit, MI 48224
$61,000
5
2,512
4,791
$63,000
3
1,064
4,791
$50,000
3
1,182
4,791
$100,000
1
1,335
4,792
1
1,078
4,792
$99,000
2
1,146
4,791

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 Keller Williams Realty-Great Lakes

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