1350 Alter Road Detroit, MI ^$ 395,000

1350 Alter Road

^$ 395,000

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Recently Listed

1350 Alter Road

Detroit, MI, 48215

^$ 395,000

Studio Baths4.0 Sq 3,600

Monthly Estimate*

^$ 2,432

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Studio

Multi-Family Home for sale in Detroit, MI

for $395,000 with 4 full baths. This 3,600 square foot home was built in 1924 on a lot size of 0.11.

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.

Multi-Family Active

Price

^$ 395,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,911

Style

Lot Size

0.11

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60964713

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Active Active

Full Baths 4

Half Baths 0

Bathrooms 4

Year Built 1924

Subdivision Turnbull & Epsteans Jefferson Ave MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 33600

Ownership Private

Municipality Detroit

Zoning Multi-Family

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions North On Jefferson Left On Alter

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional Exchange/Trade FHA VA

Legal Description E ALTER 25 TURNBULL & EPSTEANS JEFFERSON AVE SUB L26 P98 PLATS W C R 21/300 47.03 IRREG

DOM 0

Postal Code 48215

Price Per Sq Ft Total AG 109.72

Public Remarks Excellent investment opportunity! This well-located 4-unit multifamily property is situated in a desirable area of Detroit

Exterior

Exterior Brick

Lot Size Area 0.11

Lot Dimensions 77x101x77x101

Roads Paved Street

Waterfront Y/N No

Interior

Fireplace? No

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Camila Gill Peris

Listing Agent

Coldwell Banker Professionals-Birm

Broker

camilagillperis@gmail.com

Affordability Calculator

$2,675

Per Month

Monthly Principal & Interest: $2,432
Monthly Property Taxes: $243
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$231,477

Percent of Sale Price 41%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/19/2026	$395,000		Listed Price

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1350 Alter Road, Detroit, MI, 48215 is a Multi-Family Home for sale at $395,000 with 3,600 sqft and a lot size of 0.11. 1350 Alter Road is a studio with 4.0 baths and was built in 1924. The property's zip code is 48215 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1350 Alter Road

Multi-Family Home for sale in Detroit, MI

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