NEW 2 HRS AGO

For sale

$95,000

Est. $814/mo —

—

•

2,214

sq ft

4740-4742 Alter Rd, Detroit, MI 48215 2174

About this home

Well-maintained upper/lower duplex in Detroit's Morningside neighborhood, conveniently located near the Grosse Pointe Park border with easy access to I-94. Property features plumbing and electrical upgrades completed last year, and the upper unit was completely turned approximately five months ago. Property has passed City rental inspection and previous Housing Choice Voucher (HCV) inspections, with another HCV inspection scheduled. One tenant currently participates in the HCV program. Great opportunity for investors seeking an established rental property in a convenient location. Available individually or as part of a six-property investment portfolio.

Multi-familyProperty Type

1922Year Built

3,484 sq ftLot Size

$43Price/Sq.Ft.

Listed by Colleen Kennedy • Prospect Realty Group

•248-417-1396 (broker)

•ckennedy@investorsrealtymichigan.com (broker)

Listing updated: Sep 28, 2026 at 06:31pm

Redfin checked: a minute ago

•Source:MiRealSource-MiMLS #61034200

Payment calculator

$814 per month

Principal and interest$525

Property taxes

$238

HOA dues

Home insurance

$51

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Brown Ronald Academy

Public PreK-8 • Assigned • 0.7mi

2/10

East English Village Preparatory Academy

Public 9-12 • Assigned • 1.5mi

3/10

Provided by GreatSchools

About

Morningside

Morningside, located between East Jefferson Avenue and Mack Avenue, is a residential and lakeside Detroit neighborhood with brick Tudor homes and leafy parkways. The neighborhood’s character concentrates around the East Warren Avenue corridor near Cadieux Road, where long-running eateries, corner markets, and service storefronts set a steady, lived-in rhythm. The Alger Theater anchors the area with its landmark marquee and community programming. Streets of early-20th-century houses and duplexes give the blocks a consistent architectural cadence. Lake St. Clair and the Grosse Pointe border shape the geography, with waterfront drives and pocket parks nearby. Daily life reads as calm and practical, with local institutions carrying the cultural weight.

Provided by Walk Score and Local Logic

Market insights

4740-4742 Alter Rd · $95,000

DAYS ON MARKET

The average home goes pending in 21 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median sale price in this area is $229,248. (141% higher than this home)

PRICE DROP

22% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
Common basement

Bathrooms
2 full bathrooms

Heating & cooling
Forced air heating
Natural gas fuel

Sale and tax history for 4740-4742 Alter Rd

Sale History
Tax History

Date

Event

Price

REALCOMP #20261078461

Sep 28, 2026

Listed

$95,000

$43/sq ft

+15

MiRealSource-MiMLS #61034200

Sep 28, 2026

Listed

$95,000

$43/sq ft

REALSOURCE #60972979

Jun 5, 2026

Rental Removed

$995

$0/sq ft

Mar 3, 2026

Listed for Rent

$995

$0/sq ft

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

35 ft.

Lot depth

100 ft.

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Single Family Residential

County

Wayne County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Mar 3, 2026.

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

2 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Detroit, MI • 48215 2174

Average low and high temperatures (°F)

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Sun exposure

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Provided by Shadowmap

Redfin Estimate for 4740-4742 Alter Rd

$94,432

$568 under list price of $95K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $43K to $125K.

SOLD AUG 13, 2026
$125,000 Last sold price
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4218 Nottingham Rd, Detroit, MI 48224
$80/sq ft
larger lot
16 years newer
SOLD SEP 4, 2026
$60,000 Last sold price
3 beds1 bath2,281 sq ft
4675 Balfour Rd, Detroit, MI 48224 3401
$17/sq ft
larger lot
4 years newer
SOLD SEP 5, 2026
5731 Philip, Detroit, MI 48224
$43,000 Last sold price
3 beds1 bath1,598 sq ft
5731 Philip, Detroit, MI 48224
$16/sq ft
18 years newer
SOLD AUG 31, 2026
$53,500 Last sold price
3 beds1 bath2,430 sq ft
5290 Buckingham Ave, Detroit, MI 48224 3253
$21/sq ft
larger lot
14 years newer
SOLD MAY 7, 2026
$58,000 Last sold price
— beds2 baths1,788 sq ft
5258 Alter Rd, Detroit, MI 48224 2902
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larger lot
26 years newer
SOLD JUN 1, 2026
$84,900 Last sold price
3 beds1 bath1,356 sq ft
5050 Somerset Ave, Detroit, MI 48224 3141
$20/sq ft
larger lot
6 years newer

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4740-4742 Alter Rd, Detroit, MI 48215 2174

(248) 417-1396

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Details provided by MiRealSource-MiMLS and may not match the public record. Learn more.

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