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1350 Alter Road Detroit, MI $ 395,000
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1350 Alter Road
$ 395,000
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1350 Alter Road

Detroit, MI, 48215
$ 395,000
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.

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Multi-Family Active

Price

$ 395,000

Bedrooms

Studio

Full Bath

4

Property Type

Multi-Family

Taxes

$ 2,911

Style

Common Entry Building

Lot Size

0.11

Year Built

1924

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20251062111
Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Possession AtClose
Garage Spaces 0.0
Architectural Style CommonEntryBuilding
Pool Features None
Construction Materials Brick
Pets Allowed Yes
Year Built 1924
Levels Two
Property Subtype MultiFamily
County Wayne
Net Operating Income 33600.0
New Construction N
Property Type ResidentialIncome
HOA N
Attached Garage N
Subdivision Name TURNBULL & EPSTEANS JEFFERSON AVE
Garage Y/N N
Full Baths 4
Status Active
Directions North On Jefferson Left On Alter
City DetroitCity_Wayne
Disclosures ActualIncome NoRestrictions TaxesNotHomesteadExempt
Senior Community Y/N N
High School District Detroit
Zoning Description MultiFamily
Number Of Units Total 4
MLS Area Area05066DetMcclellanEastMackToShore
Lot Size Units Acres
Carport Y/N N
Number of Units Leased 3
Land Lease Y/N N
Tax Annual Amount 2911.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/nocbor/20251062111
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 33017
Expected Active Date 2026-01-19
Legal Description E ALTER 25 TURNBULL & EPSTEANS JEFFERSON AVE SUB L26 P98 PLATS W C R 21/300 47.03 IRREG
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Interior
Basement Unfinished
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 3600.0
Half Baths 0
Above Grade Finished Area Unit Type SquareFeet
Total Baths 4
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Exterior
Water Source Public
Foundation Details Basement BrickMortar
Spa N
Lot Dimensions 77x101x77x101
Lot Size Acres 0.11
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1350
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* Excluded Features
List By
Camila Gill Peris

Listing Agent

Coldwell Banker Professionals-Birm

Broker

(646) 407-8746

Phone

Affordability Calculator

$2,675
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,432
Monthly Property Taxes
$243
Monthly 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
848539 Elementary School
848135 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/20/2026$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

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