Excellent multifamily investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building! 3 bedroom townhouses with 1 full bath, Beautiful fireplace in living rooms, private basements, back porches and yard! Excellent layout and large bedrooms. Market rents of $1,200 per unit achievable for location and size of apartments. Tenants pay gas/ electric. Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park. Fantastic opportunity for an owner user to defray living costs or for an investor to raise rents to market rate - cash out refi or enjoy strong cashflow.
Multi-familyProperty Type
1920Year Built
3,049 sq ftLot Size
$63Price/Sq.Ft.
Listed by Peter Maniaci• Jim Saros Real Estate Services
Excellent multifamily investment opportunity South of Jefferson in the rapidly appreciating Jefferson Chalmers neighborhood! Rare 2 unit townhouse style building! 3 bedroom townhouses with 1 full bath, Beautiful fireplace in living rooms, private basements, back porches and yard! Excellent layout and large bedrooms. Market rents of $1,200 per unit achievable for location and size of apartments. Tenants pay gas/ electric. Located steps from Coriander Kitchen & Farm- Detroit's hottest restaurant, Detroit River Sports, and Grosse Pointe Park. Fantastic opportunity for an owner user to defray living costs or for an investor to raise rents to market rate - cash out refi or enjoy strong cashflow.
REALCOMP #215090822
Sep 15, 2015
Sold
$35,000
$16/sq ft
Sep 1, 2015
Listing Removed
—
Aug 21, 2015
Listed
$50,000
$23/sq ft
Greater Lansing AoR #20593235
Sep 15, 2015
Sold
$35,000
$16/sq ft
Sep 1, 2015
Listing Removed
—
Aug 21, 2015
Listed
$50,000
$23/sq ft
Public Records
Dec 17, 2012
Sold
$41,000
$19/sq ft
MiRealSource-MiMLS #20591900
Jun 1, 2012
Sold
$11,000
$5/sq ft
Apr 23, 2012
Listing Removed
—
Mar 6, 2012
Listed
$13,500
$6/sq ft
REALCOMP #212024588
Jun 1, 2012
Sold
$11,000
$5/sq ft
Apr 23, 2012
Listing Removed
—
Mar 6, 2012
Listed
$13,500
$6/sq ft
Public Records
Sep 26, 2000
Sold
$72,000
$33/sq ft
MiRealSource-MiMLS #9474
Feb 24, 2000
Sold
$72,000
$33/sq ft
Dec 17, 1999
Listing Removed
—
Nov 23, 1999
Listed
$86,900
$40/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,787
2024
$5,782 (+50.8%)
2023
$3,834 (+154.1%)
2022
$1,509 (+2.9%)
2021
$1,467
2020
$1,466 (+1.6%)
2019
$1,443 (−3.1%)
2018
$1,490 (−3.4%)
2017
$1,542 (−19.1%)
2016
$1,905 (+18.9%)
2015
$1,602 (−8.4%)
2014
$1,748
Tax history for 903 Alter Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,787
2024
$5,782 (+50.8%)
2023
$3,834 (+154.1%)
2022
$1,509 (+2.9%)
2021
$1,467
2020
$1,466 (+1.6%)
2019
$1,443 (−3.1%)
2018
$1,490 (−3.4%)
2017
$1,542 (−19.1%)
2016
$1,905 (+18.9%)
2015
$1,602 (−8.4%)
2014
$1,748
*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
Stories
2
Lot width
44 ft.
Lot depth
68 ft.
Lot size
3,049 Sq. Ft.
Year renovated
—
Sq. Ft.
2,184
Year built
1920
Style
Multi-Family (2-4 Unit)
County
Wayne County
APN
21063248.
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 24, 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 Full Bathrooms: 2
Heating & Cooling
Has Heating
Heating: Hot Water, Natural Gas
Room Information
Has Basement
Exterior
Building Information
Above Grade Finished Area: 2,184
# of Stories Total: 2
Construction Materials: Brick
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi-Family
Lot Information
Frontage Length: 0
Road Surface Type: Paved
Lot Size : 44.00 x 68.00
Lot Size Acres: 0.07
Zoning Description: Multi-Family
Financial
Tax Information
Tax Annual Amount: $1,228
Utilities
Utility Information
Utilities: Natural Gas Available
Sewer: Public Sewer
Location
Schools Information
School District: Detroit City School District
Location Information
Directions: South of Jefferson West side of Alter
Subdivision Name: FOX CREEK (PLATS)
Cross Street: Jefferson and Alter
Public facts
Beds: —
Baths: 2.0
Sq. Ft.: 2,184
Stories: 2.0
Lot Size: 3,049 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1920
Year Renovated: —
County: Wayne County
APN: 21063248.
Home facts updated by county records on Oct 24, 2026
Other
Listing Information
List AOR: 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 • 2.4mi
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, 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)
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
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
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Property information provided by REALCOMP when last listed in 2025. This data may not match public records. Learn more.
Listing provided courtesy of: Ace of Real Estate LLC
Listing agent: Ace A Sobh (3139253334)
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