Off Market Sep 2023 for $356K

—

•

4,970

sq ft

2501 Alter Rd, Detroit, MI 48215

About this home

HIGHEST AND BEST FRIDAY AT NOON. LOCATED EXACTLY ONE BLOCK FROM THE INFAMOUS CITY OF GROSSE POINTE, YOU WILL FIND 2501 ALTER NESTLED ON A 2,914 SQUARE FOOT LOT IN THE QUIET RIVERBEND NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL CONSISTS OF 6 RECENTLY REMODELED UNITS. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS NEWER PLUMBING AND ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND FASHIONED WITH LAMINATE FLOORING OR BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 6 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF $5,890 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20%. THIS DIAMOND WILL WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER. LET'S CLOSE!

Multi-familyProperty Type

1925Year Built

3,485 sq ftLot Size

$72Price/Sq.Ft.

Listed by Marta Kopania • 1st Michigan Real Estate

Bought with Lynn Miller • Prestige Realty International

Redfin checked: 2 minutes ago

•Source:REALCOMP #20230058871

Listing provided courtesy of Realcomp MLS

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 48215, MI

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

96.9%

2.6% MoM

Median sale price

$225K

$65K MoM

Avg. days on market

101d

45 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 41 MINS AGO
$62,500
— beds2 baths1,920 sq ft
593 Kitchener St, Detroit, MI 48215 3252
(248) 256-5046
NEW 1 HR AGO
$235,000
4 beds3 baths3,641 sq ft
637 Manistique St, Detroit, MI 48215 2964
(734) 335-0603
COMING SOON
$225,000
3 beds2 baths2,417 sq ft
454 Alter Rd, Detroit, MI 48215
(313) 884-7000
COMING SOON
$149,000
2 beds1.5 baths2,096 sq ft
193 Lakewood St, Detroit, MI 48215 3174
(313) 886-9030
$138,000
4 beds1 bath2,276 sq ft
221 Philip St, Detroit, MI 48215 3141
(313) 277-7777
$185,000
2 beds1 bath1,756 sq ft
333 Newport St, Detroit, MI 48215 3180
(313) 858-6580
3D WALKTHROUGH
$207,000
3 beds1.5 baths2,356 sq ft
591 Chalmers St, Detroit, MI 48215
(313) 884-7000
3D WALKTHROUGH
$264,900
4 beds1 bath2,598 sq ft
577 Chalmers St, Detroit, MI 48215
(313) 884-7000
See all

Provided by Redfin

Sale history for 2501 Alter Rd

Date

Event

Price

Greater Lansing AoR #60238480

Sep 12, 2023

Sold

$356,000

$72/sq ft

Sep 12, 2023

Sold

$356,000

$72/sq ft

Sep 11, 2023

Pending

—

Aug 26, 2023

Price Changed

$375,000

$75/sq ft

Aug 14, 2023

Price Changed

$399,000

$80/sq ft

Aug 9, 2023

Price Changed

$425,000

$86/sq ft

Jul 31, 2023

Price Changed

$450,000

$91/sq ft

Jul 22, 2023

Price Changed

$475,000

$96/sq ft

Jul 18, 2023

Listed

$375,000

$75/sq ft

Jul 18, 2023

Listed

$500,000

$101/sq ft

MiRealSource-MiMLS #60238489

Sep 12, 2023

Sold

$356,000

$72/sq ft

Aug 30, 2023

Listing Removed

—

Aug 30, 2023

Relisted

—

Aug 26, 2023

Listing Removed

—

Aug 26, 2023

Relisted

—

Aug 26, 2023

Price Changed

$375,000

$75/sq ft

Aug 15, 2023

Listing Removed

—

Aug 15, 2023

Relisted

—

Aug 14, 2023

Price Changed

$399,900

$80/sq ft

Aug 9, 2023

Listing Removed

—

Aug 9, 2023

Price Changed

$425,000

$86/sq ft

Aug 9, 2023

Relisted

—

Aug 2, 2023

Listing Removed

—

Aug 2, 2023

Relisted

—

Aug 2, 2023

Price Changed

$450,000

$91/sq ft

Jul 31, 2023

Listing Removed

—

Jul 31, 2023

Relisted

—

Jul 26, 2023

Listing Removed

—

Jul 26, 2023

Relisted

—

Jul 25, 2023

Listing Removed

—

Jul 25, 2023

Relisted

—

Jul 24, 2023

Listing Removed

—

Jul 24, 2023

Relisted

—

Jul 23, 2023

Listing Removed

—

Jul 23, 2023

Price Changed

$475,000

$96/sq ft

Jul 23, 2023

Relisted

—

Jul 21, 2023

Listing Removed

—

Jul 21, 2023

Relisted

—

Jul 20, 2023

Listing Removed

—

Jul 20, 2023

Relisted

—

Jul 19, 2023

Listing Removed

—

Jul 18, 2023

Listed

$500,000

$101/sq ft

REALCOMP #20230058871

Sep 12, 2023

Sold

$356,000

$72/sq ft

Sep 11, 2023

Pending

—

Aug 25, 2023

Price Changed

$375,000

$75/sq ft

Aug 14, 2023

Price Changed

$399,000

$80/sq ft

Aug 9, 2023

Price Changed

$425,000

$86/sq ft

Jul 30, 2023

Price Changed

$450,000

$91/sq ft

Jul 22, 2023

Price Changed

$475,000

$96/sq ft

Jul 18, 2023

Listed

$500,000

$101/sq ft

MiRealSource-MiMLS #40098568

Jan 11, 2021

Sold

$100,000

$20/sq ft

Sep 2, 2020

Listed

$149,900

$30/sq ft

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

39 ft.

Lot depth

89 ft.

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Wayne County

APN

W21I063169S

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 18, 2023.

Two-Family Residential District

The R2 Two-Family Residential District is designed to protect and enhance those areas developed or likely to develop with single- or two-family dwellings. The district regulations are designed to promote a suitable environment for homes and for activities connected with family life. The only principal uses permitted by right are single- and two-family dwellings. Additional uses are conditional.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units

Property details

Interior

Bathroom Information
# of Full Bathrooms: 6

Heating & Cooling
Cooling: None
Has Heating
Heating: Hot Water, Wall Furnace, Wood

Room Information
Has Basement
Basement Details: Unfinished

Exterior

Pool Information
Pool Features: None

Building Information
Above Grade Finished Area: 4,970
Levels: Two
Construction Materials: Brick
Foundation Details: Block

Property Features
Pets Allowed: Call

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: MultiFamily

Lot Information
Road Surface Type: Paved
Lot Size Dimensions: 39.00 x 89.00
Lot Size Area: 0.08
Lot Size Units: Acres
Lot Size Acres: 0.08
Zoning Description: MultiFamily

Financial

Tax Information
Tax Annual Amount: $2,396

Utilities

Utility Information
Utilities: Sewer Available, Water Available

Location

Schools Information
High School District: Detroit

Location Information
Directions: Alter & Vernor
Subdivision Name: C B SHERRARD SUB (PLATS)
Cross Street: Alter & Vernor

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Wayne County
APN: W21I063169S

Home facts updated by county records on Jul 18, 2023

Other

Listing Information
List AOR: RealcompIILtd

Around this home

Schools

Carstens Elementary-Middle School

Public PreK-8 • Assigned • 1.3mi

4/10

East English Village Preparatory Academy

Public 9-12 • Assigned • 1.9mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 96° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Detroit, MI • 48215

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 2.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

2.4 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

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New listings for sale in 48215 3252

NEW 41 MINS AGO

$62,500

— beds2 baths1,920 sq ft

593 Kitchener St, Detroit, MI 48215 3252

(248) 256-5046

NEW 1 HR AGO

$235,000

4 beds3 baths3,641 sq ft

637 Manistique St, Detroit, MI 48215 2964

(734) 335-0603

COMING SOON

$225,000

3 beds2 baths2,417 sq ft

454 Alter Rd, Detroit, MI 48215

(313) 884-7000

COMING SOON

$149,000

2 beds1.5 baths2,096 sq ft

193 Lakewood St, Detroit, MI 48215 3174

(313) 886-9030

$138,000

4 beds1 bath2,276 sq ft

221 Philip St, Detroit, MI 48215 3141

(313) 277-7777

$185,000

2 beds1 bath1,756 sq ft

333 Newport St, Detroit, MI 48215 3180

(313) 858-6580

3D WALKTHROUGH

$207,000

3 beds1.5 baths2,356 sq ft

591 Chalmers St, Detroit, MI 48215

(313) 884-7000

3D WALKTHROUGH

$264,900

4 beds1 bath2,598 sq ft

577 Chalmers St, Detroit, MI 48215

(313) 884-7000

Home values near 2501 Alter Rd

Data from public records.

Address	Redfin Estimate
2229 Alter Rd, Detroit, MI - Beds \| 2 Baths \| 2878 Sq. Ft.	$256,114
2217 Alter Rd, Detroit, MI - Beds \| 1 Baths \| 768 Sq. Ft.	$88,911

Address	Redfin Estimate
2508 Alter Rd, Detroit, MI - Beds \| 1 Baths \| 1084 Sq. Ft.	$63,459
14800 East Vernor Hwy, Detroit, MI - Beds \| 9 Baths \| 5600 Sq. Ft.	—

Address	Redfin Estimate
2527 Alter Rd, Detroit, MI - Beds \| 1 Baths \| 1314 Sq. Ft.	$131,294

Property information provided by REALCOMP when last listed in 2023. This data may not match . Learn more.

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