One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building - or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units - each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas - everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park - close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.
Multi-familyProperty Type
1947Year Built
8,276 sq ftLot Size
$124Est. Price/Sq.Ft.
Listed by James Saros• Jim Saros Real Estate Services
One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building — or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units — each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas — everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park — close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.
MiRealSource-MiMLS #60918379
Oct 28, 2025
Sold
$240,000
$100/sq ft
Oct 28, 2025
Sold
$240,000
$100/sq ft
Oct 1, 2025
Pending
—
Sep 3, 2025
Price Changed
$255,000
$106/sq ft
Sep 3, 2025
Relisted
—
Aug 15, 2025
Pending
—
Jul 18, 2025
Listed
$275,000
$115/sq ft
Jul 14, 2025
Coming Soon
$275,000
$115/sq ft
Jul 14, 2025
Listed
$255,000
$106/sq ft
One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building - or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units - each with 3 bedrooms, forced air furnaces, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas - everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park - close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.
Greater Lansing AoR #21649705
Aug 27, 2019
Sold
$153,500
$64/sq ft
Aug 27, 2019
Sold
$153,500
$64/sq ft
Aug 27, 2019
Listed
$159,000
$66/sq ft
Aug 27, 2019
Listed
$159,000
$66/sq ft
REALCOMP #219088396
Aug 27, 2019
Sold
$153,500
$64/sq ft
Aug 27, 2019
Listed
$159,000
$66/sq ft
Public Records
Mar 13, 2001
Sold
$45,500
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,990
2024
$1,991 (+4.4%)
2023
$1,908 (+3.1%)
2022
$1,851 (+2.8%)
2021
$1,801
2020
$1,800 (+37.5%)
2019
$1,309 (+3.5%)
2018
$1,265 (−2.4%)
2017
$1,296 (−50.6%)
2016
$2,624 (+1.2%)
2015
$2,592 (−9.3%)
2014
$2,857
Tax history for 302 Alter Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,990
2024
$1,991 (+4.4%)
2023
$1,908 (+3.1%)
2022
$1,851 (+2.8%)
2021
$1,801
2020
$1,800 (+37.5%)
2019
$1,309 (+3.5%)
2018
$1,265 (−2.4%)
2017
$1,296 (−50.6%)
2016
$2,624 (+1.2%)
2015
$2,592 (−9.3%)
2014
$2,857
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
1
Stories
—
Lot width
60 ft.
Lot depth
137 ft.
Lot size
8,276 Sq. Ft.
Year renovated
—
Sq. Ft.
1,127
Year built
1947
Style
Townhouse
County
Wayne County
APN
21062630.
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
Property details
Interior
Bathroom Information
# of Lavatories: 2
# of Bathrooms (Full): 2
# of Baths/Lavatories (Total): 4
Laundry/Basement Information
Basement Type: Block
Exterior
Exterior Features
Exterior Construction: Brick
Foundation Type: Basement
Property Information
Property Type: Multi-Family
Structure Style: 2 Story
Styles: Colonial
Year Built: 1947
Lot Information
Lot Size: 60,135
Land Information
Acreage: 0.19
Roads: Paved Street
Frontage: 36
Financial
Tax/Assessments Information
Taxable Value: $19,054
Total Tax Amount: $1,991
Summer Tax Amount: $1,535
Winter Tax Amount: $456
Lease/Rent Information
Has Lease
Utilities
Utility Information
Water: Public Water At Street
Fuel Type: Natural Gas
Heating System: Forced Air
Sewer Septic: Public At Street
Location
Mult-Unit Information
Total Expenses: $9,500
# of Units (Total): 2
Total Expenses: $9,500
Net Operating Income: $21,700
Net Operating Income: 21700
School Information
School District: Detroit City School District
School District: Detroit City School District
Address Information
Street Designation: Road
Location Details
Directions: South of Jefferson
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: Windmill Pointe Sub Also P6
Municipality: Detroit
Area (Municipality): Detroit (82001)
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 1,127
Stories: —
Lot Size: 8,276 square feet
Style: Townhouse
Year Built: 1947
Year Renovated: —
County: Wayne County
APN: 21062630.
Home facts updated by county records on Aug 7, 2026
Other
Listing Information
Originating MLS: RealComp
Around this home
Schools
Carstens Elementary-Middle School
Public PreK-8 • Assigned • 0.8mi
4/10
East English Village Preparatory Academy
Public 9-12 • Assigned • 3.0mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
5/10 Flood Factor
Estimated 19-29% chance 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, 14 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 3104
Average low and high temperatures (°F)
28
18
34
21
52
33
61
42
67
50
81
62
83
68
79
63
76
60
65
49
50
39
37
26
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
Estimated sale price
$284,000 – $343,000
Reach more buyers when you sell with Redfin. Save up to $2,982 in fees.3 minutes to get started.