If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Sold for $480,000 on 04/22/25
$480,000
503 Alger St, Detroit, MI 48202
16beds
11,588sqft
Multi Family
Built in 1918
-- sqft lot
$597,300 Zestimate®
$41/sqft
$1,140 Estimated rent
Home value
$597,300
$490,000 - $729,000
$1,140/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: August 22, 2025 at 02:15pm
Listed by:
Adrena Holman 313-501-7815,
EXP Realty Main,
Tiffanie Turrentine 888-501-7085,
EXP Realty Main
Bought with:
Pamela LeBlanc, 6501433137
Coldwell Banker Professionals-GPF
Source: Realcomp II,MLS#: 20240007747
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 9
- Full bathrooms: 9
Heating
- Natural Gas, Radiant
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 11,588 sqft
- Finished area above ground: 7,588
- Finished area below ground: 4,000
Property
Parking
- Total spaces: 2
- Parking features: Two Car Garage
- Garage spaces: 2
Features
- Levels: Three
- Stories: 3
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 7,840 sqft
- Dimensions: 70 x 113
Details
- Parcel number: W03I002322S
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Brick Mortar
Condition
- New construction: No
- Year built: 1918
- Major remodel year: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Detroit
- Subdivision: BEAMER & FRAERS SUB (PLATS)
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 4/26/2025 | Pending sale | $585,000+21.9%$50/sqft |
Source:  Realcomp II #20240007747 | ||
| 4/22/2025 | Sold | $480,000-17.9%$41/sqft |
Source: Realcomp II #20240007747 | ||
| 4/10/2024 | Price change | $585,000-18.8%$50/sqft |
Source: Realcomp II #20240007747 | ||
| 2/9/2024 | Listed for sale | $720,000+27742.2%$62/sqft |
Source: Realcomp II #20240007747 | ||
| 4/19/2012 | Sold | $2,586 |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $225,200 +14% |
| 2023 | -- | $197,600 +50.8% |
| 2022 | -- | $131,000 +24.3% |
Find assessor info on the county website
Neighborhood: North End
Nearby schools
GreatSchools rating
- 4/10Golightly Education CenterGrades: PK-8Distance: 1.4 mi
- 2/10Southeastern High SchoolGrades: 9-12Distance: 4.9 mi
Get a cash offer in 3 minutes
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Estimated market value
$597,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$597,300