For sale

$239,900

648 Alter Rd, Detroit, MI 48215

3beds

1,851sqft

$2,096/mo

Get pre-qualified

Multi Family

Built in 1959

-- sqft lot

$237,400 Zestimate^®

$130/sqft

$-- HOA

What's special

Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.

34 days

117

14

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Forced Air, Natural Gas

Cooling

Central Air

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total interior livable area: 1,851 sqft
Finished area above ground: 1,851

Property

Parking

Parking features: Garage
Has garage: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Pool features: None

Lot

Size: 6,969 Square Feet
Dimensions: 50 x 135

Details

Parcel number: W21I062674S
Zoning description: Residential
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Upper Lower Apartment
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Foundation: Basement, Block

Condition

New construction: No
Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: WINDMILL POINTE SUB ALSO P6

Location

Region: Detroit

Financial & listing details

Price per square foot: $130/sqft
Tax assessed value: $867
Annual tax amount: $125
Date on market: 6/18/2026
Cumulative days on market: 34 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,Va Loan

Estimated market value

$237,400

$226,000 - $249,000

$1,597/mo

Price history

Date	Event	Price
8/21/2026	Listed for sale	$239,900$130/sqft
Source: Realcomp II #20261051831 Report a problem
7/24/2026	Pending sale	$239,900$130/sqft
Source: Realcomp II #20261051831 Report a problem
6/18/2026	Listed for sale	$239,900+45.4%$130/sqft
Source: Realcomp II #20261045961 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
1/8/2019	Listing removed	$165,000$89/sqft
Source: Owner Report a problem
1/6/2019	Listed for sale	$165,000+617.4%$89/sqft
Source: Owner Report a problem
4/21/2010	Sold	$23,000+130%$12/sqft
Source: Public Record Report a problem
2/8/2010	Sold	$10,000-87.2%$5/sqft
Source: Public Record Report a problem
5/18/2009	Sold	$78,219$42/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$1,800
2024	--	$1,800
2023	--	$1,800 +5.9%
2022	--	$1,700 -52.8%
2021	--	$3,600
2020	$443 +719.2%	$3,600
2019	$54	$3,600 +414.3%
2018	$54	$700
2017	--	$700 -53.3%
2016	$1,473	$1,500
2015	$1,473 +913.3%	$1,500 +3.2%
2013	$145 -90.1%	$1,454 -94.2%
2010	$1,473	$24,944 -18%
2009	--	$30,420 -14.5%
2008	--	$35,579
2007	--	$35,579 +5.5%
2005	$409	$33,724 +3%
2004	--	$32,742 +25.9%
2001	$2,166 +10.1%	$26,016 +3.2%
2000	$1,967	$25,209