Google street view image for 5530 ALTER Rd, Detroit, MI 48224 2904

Off Market Jun 2025 for $61K

$212,111

Est. refi paymentEst. refi $457/mo

•

2,512

sq ft

5530 ALTER Rd, Detroit, MI 48224 2904

About this home

Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Donâ€™t miss this incredible opportunity â€“ submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!

Single-familyProperty Type

1938Year Built

4,791 sq ftLot Size

$84Est. Price/Sq.Ft.

2 car garageParking

Listed by Tekeila Steen • Keller Williams Realty-Great Lakes

•586-541-4000 (broker)

Bought with Tekeila Steen • Keller Williams Realty-Great Lakes

•586-541-4000 (broker)

Redfin checked: a few seconds ago

•Source:MiRealSource-MiMLS #60360811

Redfin Estimate

$212,111

$151K since sold in June 2025$14K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10% higher than the average sale price ($193K) of 6 comparable homes.

SOLD JUN 11, 2026
$235,000
A
6 beds3 baths2,160 sq ft
5040 Balfour Rd, Detroit, MI 48224 3103
SOLD AUG 31, 2026
$175,000
B
4 beds2.5 baths1,990 sq ft
4800 Berkshire St, Detroit, MI 48224 3506
SOLD AUG 14, 2026
$151,000
C
3 beds1 bath2,016 sq ft
5903 Somerset Ave, Detroit, MI 48224 3120
SOLD AUG 31, 2026
$246,000
D
5 beds2.5 baths2,675 sq ft
5543 Balfour Rd, Detroit, MI 48224 3106
SOLD JUL 22, 2026
$225,000
E
5 beds3 baths2,009 sq ft
5072 Beaconsfield St, Detroit, MI 48224 3123
SOLD JUL 6, 2026
$125,000
F
4 beds2.5 baths2,246 sq ft
5063 Chalmers St, Detroit, MI 48213 3726

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

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Rent

$1,734/mo

Redfin rental estimate

List your home for rent

Market trends in 48224, MI

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.0%

0.8% MoM

Median sale price

$84,963

$15K MoM

Avg. days on market

70d

10 days MoM

Recently sold homes

145

2 MoM

New listings for sale

NEW 18 MINS AGO
$129,999
3 beds2 baths2,289 sq ft
11566 Nottingham Rd, Detroit, MI 48224 1127
NEW 11 HRS AGO
$57,000
3 beds1 bath973 sq ft
12645 Duchess St, Detroit, MI 48224
NEW 28 HRS AGO
$59,900
2 beds1 bath830 sq ft
18942 Moross Rd, Detroit, MI 48224
NEW 34 HRS AGO
$189,900
3 beds1 bath2,472 sq ft
4391 Bishop St, Detroit, MI 48224 2319
(248) 851-4100
$189,000
3 beds1 bath2,525 sq ft
4105 Grayton St, Detroit, MI 48224 2337
(313) 963-9891
3D WALKTHROUGH
$144,900
3 beds2 baths2,203 sq ft
9920 Balfour Rd, Detroit, MI 48224 2591
(833) 264-6832
$110,000
3 beds1.5 baths1,765 sq ft
5790 Berkshire St, Detroit, MI 48224 3208
(313) 528-3002
COMING SOON
$425,000
3 beds1.5 baths3,067 sq ft
4199 Bishop St, Detroit, MI 48224 2317
(248) 609-8000
$250,000
5 beds3 baths3,625 sq ft
3645 Devonshire Rd, Detroit, MI 48224 3666
(313) 333-9465
$59,000
2 beds1 bath844 sq ft
20233 Moross Rd, Detroit, MI 48224
See all

Provided by Redfin

Sale history for 5530 ALTER Rd

Date

Event

Price

Public Records

Jul 8, 2025

Sold

$66,000

$26/sq ft

Greater Lansing AoR #60360811

Jun 5, 2025

Sold

$61,000

$24/sq ft

Jun 5, 2025

Sold

$61,000

$24/sq ft

Feb 16, 2025

Price Changed

$105,000

$42/sq ft

Dec 18, 2024

Listed

$105,000

$42/sq ft

Dec 18, 2024

Listed

$125,000

$50/sq ft

REALCOMP #20240093046

Jun 5, 2025

Sold

$61,000

$24/sq ft

Apr 17, 2025

Relisted

—

Apr 17, 2025

Listing Removed

—

Feb 16, 2025

Price Changed

$105,000

$42/sq ft

Dec 18, 2024

Listed

$125,000

$50/sq ft

Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Don’t miss this incredible opportunity – submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!

Tax history for 5530 ALTER Rd

*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

2.5

Stories

Lot width

40 ft.

Lot depth

115 ft.

Lot size

4,792 Sq. Ft.

Year renovated

—

Sq. Ft.

2,512

Year built

1938

Style

Townhouse

County

Wayne County

APN

21062959.

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 8, 2026.

Single-Family Residential District

The R1 Single-Family Residential District is designed to protect and preserve quiet, low-density residential areas now primarily developed and those areas which will be developed with single-family detached dwellings and characterized by a high ratio of home ownership. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encourage a suitable environment for activities associated with family life. To these ends, development is limited to a relatively low concentration and uses permitted by right are limited to single-family detached dwellings which provide homes for the residents of the area. Additional residential uses such as religious institutions, neighborhood centers, and utility uses necessary to serve the immediate area may be permitted on a conditional basis.

Permitted uses

Include but are not limited to:

Housing-Single unit

Property details

Parking

Parking/Garage Information
Has Garage
# of Parking Spaces in Garage: 2
Garage Type: Detached Garage

Interior

Interior Features
# of Rooms (Total): 9

Bedroom Information
Bedroom 1 Level: Entry
Bedroom 1 Dimensions: 14 x 12
Bedroom 2 Level: Entry
Bedroom 2 Dimensions: 10 x 8
Bedroom 3 Level: Entry
Bedroom 3 Dimensions: W=9
Bedroom 4 Level: Second
Bedroom 4 Dimensions: 9 x 10
Bedroom 5 Level: Second
Bedroom 5 Dimensions: 10 x 8

Bathroom Information
Second
# of Lavatories: 1
# of Bathrooms (Full): 3
# of Baths/Lavatories (Total): 4

Bathroom 1 Information
Lavatory 1 Width: 5
Lavatory 1 Length: 6
Lavatory 1 Level: Basement
Bathroom 1 Level: Entry
Bathroom 1 Length: 7
Bathroom 1 Width: 4

Bathroom 2 Information
Bathroom 2 Level: Entry
Bathroom 2 Length: 7
Bathroom 2 Width: 4

Bathroom 3 Information
Bathroom 3 Level: Second
Bathroom 3 Length: 7
Bathroom 3 Width: 4

Laundry/Basement Information
Basement : Has Basement
Basement Type: Unfinished

Exterior

Exterior Features
Exterior Construction: Brick
Foundation Type: Basement

Property Information
Property Type: Residential
Structure Style: 2 Story
Year Built: 1938
Below Grade Sq. Ft.: 821

Land Information
Land Contract: No
Acreage: 0.11
Roads: Paved Street
Frontage: 1

Financial

Tax/Assessments Information
Taxable Value: $12,402
Total Tax Amount: $1,395
Summer Tax Amount: $1,284
Winter Tax Amount: $111
Has Assessments
Assessments Amount: $350

Utilities

Utility Information
Heat/Fuel Type: Natural Gas
Water: Public Water
Heating System: Forced Air
Sewer Septic: Public Sanitary

Location

Unit 5 Information
Living Room Dimensions: L=2512

School Information
School District: Detroit City School District
School District: Detroit City School District

Address Information
Street Designation: Road

Location Details
Directions: Before Skateland coming from I94
Municipality Type: City
Municipality: Detroit
Mail City: Detroit
Subdivision: WALLACE FRANK B ALTER RD GARDENS
Municipality: Detroit
Area (Municipality): Detroit (82001)

Public facts

Beds: —
Baths: 2.5
Sq. Ft.: 2,512
Stories: 2.0
Lot Size: 4,792 square feet
Style: Townhouse
Year Built: 1938
Year Renovated: —
County: Wayne County
APN: 21062959.

Home facts updated by county records on Aug 7, 2026

Other

Listing Information
Originating MLS: RealComp
No

Around this home

Schools

Brown Ronald Academy

Public PreK-8 • Assigned • 0.5mi

2/10

East English Village Preparatory Academy

Public 9-12 • Assigned • 1.5mi

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 95° 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 • 48224 2904

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

Estimated sale price

$202,000 – $244,000

Sell confidently with a local market expert in Detroit. 3 minutes to get started.

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Home values near 5530 ALTER Rd

Data from public records.

Address	Redfin Estimate
5551 Alter Road, Detroit, MI - Beds \| 1 Baths \| 1194 Sq. Ft.	$52,802
5568 Alter Road, Detroit, MI 3 Beds \| 2 Baths \| 1332 Sq. Ft.	$56,850

Address	Redfin Estimate
5543 Alter Road, Detroit, MI 3 Beds \| 1 Baths \| 1028 Sq. Ft.	$63,979
5584 Alter Road, Detroit, MI 5 Beds \| 2.5 Baths \| 2554 Sq. Ft.	$158,300

Address	Redfin Estimate
5536 Alter Road, Detroit, MI 3 Beds \| 1 Baths \| 1182 Sq. Ft.	$82,564
5550 Alter Road, Detroit, MI 3 Beds \| 1.5 Baths \| - Sq. Ft.	$101,058

Property information provided by MiRealSource-MiMLS when last listed in 2024. This data may not match . Learn more.

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