Here is an investment opportunity near the border of Detroit and Grosse Pointe Park. Spacious upper / lower duplex currently occupied at $2000 per month. Single tenant occupies both units. Superb location one block for Grosse Pointe Park. Excellent opportunity for an investor looking to add value. Lease and ledger available upon request.
Jefferson East, located between Downtown Detroit and Grosse Pointe, is a historic and waterfront-adjacent Detroit neighborhood with a lakefront park edge and a long commercial corridor. The neighborhood’s character concentrates along E Jefferson Ave near Van Dyke St, where storefronts, murals, and long-running local counters set a steady street rhythm. The Red Hook anchors the dining scene with a classic Detroit bar-and-grill feel. The Detroit RiverWalk and Mt. Elliott Park frame daily routines with wide views and open lawns. Housing reads as brick two-flats, compact bungalows, and mid-century apartment buildings, with pockets of restored facades. The pace feels grounded, with coffee stops and riverfront paths shaping the day.
Provided by Walk Score and Local Logic
Market insights
2580 Alter Rd · $140,000
DAYS ON MARKET
314 days
The average home goes pending in 77 days.
SALE-TO-LIST
93.8%
Most homes are selling 6% below list price.
LIST PRICE
$140,000
Median list price in this area is $152,904. (9% higher than this home)
PRICE DROP
4 price drops
18% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Forced air heating system
Bathrooms
2 full bathrooms
Heating & cooling
Forced air heating
Exterior features
Brick exterior
Paved street access
Home design
Duplex multi-family property
2-story structure
Built in 1920
City setting (Detroit), subdivision: Alter Wood Park
Construction
Brick construction
Basement foundation
Utilities
Public water (at street)
Public sewer (at street)
Natural gas
Financial info
2 total units
Net operating income reported at $11,000
Property has an existing lease
Electricity and solar
View estimated energy costs and solar savings for this home
Here is an investment opportunity near the border of Detroit and Grosse Pointe Park. Spacious upper / lower duplex currently occupied at $2000 per month. Single tenant occupies both units. Superb location one block for Grosse Pointe Park. Excellent opportunity for an investor looking to add value. Lease and ledger available upon request.
MiRealSource-MiMLS #60957524
Sep 24, 2026
Price Changed
$140,000
$73/sq ft
Aug 7, 2026
Price Changed
$115,000
$60/sq ft
May 1, 2026
Price Changed
$125,000
$65/sq ft
Mar 1, 2026
Price Changed
$139,000
$72/sq ft
Jan 20, 2026
Price Changed
$145,000
$75/sq ft
Dec 5, 2025
Listed
$150,000
$78/sq ft
Public Records
Jun 2, 2021
Sold
$85,000
$44/sq ft
MiRealSource-MiMLS #21268719
Apr 27, 2017
Listing Removed
—
Mar 7, 2017
Listed
$600
$0/sq ft
REALCOMP #217017287
Apr 27, 2017
Listing Removed
—
Mar 7, 2017
Listed
$600
$0/sq ft
REALCOMP #215042342
Oct 20, 2015
Listing Removed
—
Oct 15, 2015
Sold
$37,000
$19/sq ft
Sep 22, 2015
Relisted
—
Sep 9, 2015
Listing Removed
—
May 10, 2015
Listed
$42,000
$22/sq ft
MiRealSource-MiMLS #20593057
Oct 15, 2015
Sold
$37,000
$19/sq ft
Oct 9, 2015
Listing Removed
—
Apr 1, 2015
Listed
$42,000
$22/sq ft
MiRealSource-MiMLS #20588972
Nov 12, 2013
Listing Removed
—
Aug 12, 2013
Listed
$38,000
$20/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,842 (+5.0%)
2024
$2,706 (+44.5%)
2023
$1,873 (+3.1%)
2022
$1,817 (+142.6%)
2021
$749 (+2.8%)
2020
$729 (−1.7%)
2019
$741 (+2.5%)
2018
$723 (+0.3%)
2017
$720 (−0.2%)
2016
$722 (−1.8%)
2015
$735 (−2.6%)
2014
$755 (−5.1%)
2013
$796
Public record
Public record
Zoning
Beds
—
Baths
1.5
Stories
2
Lot width
33 ft.
Lot depth
101 ft.
Lot size
3,485 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
1,924
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,924
Year built
1920
Style
Townhouse
County
Wayne County
APN
21062774.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R2
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
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 2551
Average low and high temperatures (°F)
28
18
34
21
52
33
61
42
67
50
81
62
85
68
79
63
76
58
65
49
50
39
37
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 11% for direct sun exposure in Detroit. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.8 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2580 Alter Rd
$131,511
$8,489 under list price of $140K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $22K to $249K.