4740-4742 Alter Road Detroit, MI ^$ 95,000

4740-4742 Alter Road

^$ 95,000

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4740-4742 Alter Road

Detroit, MI, 48215

^$ 95,000

Bedrooms-- Baths2.0 Sq 2,214

Monthly Estimate*

^$ 600

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Multi-Family Home for sale in Detroit, MI

for $95,000 with 2 full baths. This 2,214 square foot home was built in 1922 on a lot size of 0.08.

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.

Multi-Family Active

Price

^$ 95,000

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,652

Style

Lot Size

0.08

Year Built

1922

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61034200

Features

General

Heating Forced Air

Possession Subject To Tenant Rights

Water Public Water

Status Active Active

Full Baths 2

Half Baths 0

Bathrooms 2

Year Built 1922

Subdivision Elm Park 1 MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 18000

Ownership Private

Municipality Detroit

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Exit at Alter from 94 go south property will be on the left after Warren Ave.

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description E ALTER 73 ELM PARK SUB NO 1 L42 P50 PLATS W C R 21/613 35 X 100.11A

DOM 2

Postal Code 48215

Price Per Sq Ft Total AG 42.91

Public Remarks Well-maintained upper/lower duplex in Detroit's Morningside neighborhood

Interior

Basement Common

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.08

Lot Dimensions 35X100.11

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Colleen Kennedy

Listing Agent

Prospect Realty Group

Broker

ckennedy@irgmi.com

Affordability Calculator

$988

Per Month

Monthly Principal & Interest: $600
Monthly Property Taxes: $388
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.49% 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 ^$245,505

Percent of Sale Price 158%

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
9/28/2026	$95,000		Listed Price

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4740-4742 Alter Road, Detroit, MI, 48215 is a Multi-Family Home for sale at $95,000 with 2,214 sqft and a lot size of 0.08. 4740-4742 Alter Road has 2.0 baths and was built in 1922. 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 6.49% 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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4740-4742 Alter Road

Multi-Family Home for sale in Detroit, MI

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