Excellent investment opportunity! This well-located 4-unit multifamily property is situated in a desirable area of Detroit, directly adjacent to Grosse Pointe. All units were fully renovated in 2023 and are in great condition. Three units are currently rented at an average of $1,000 per month with strong, reliable tenants, while one unit is vacant — perfect for owner occupancy or added cash flow. Tenants pay their own gas and electricity. The property also offers rear parking for added convenience.
Immediate income with upside potential, making this a great addition to any investor’s portfolio.
Showings are limited to the vacant unit only. Additional units may be shown upon accepted offer.
Sold for $395,000
$395,000
1350 Alter Rd, Detroit, MI 48215
6beds
3,600sqft
Multi Family
Built in 1924
-- sqft lot
$399,300 Zestimate®
$110/sqft
$1,291 Estimated rent
Home value
$399,300
$367,000 - $435,000
$1,291/mo
Zestimate® history
Owner options
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$1,291/mo
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$1,291/mo
Rent Zestimate®
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$2,757/mo
Est. payment
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$2,757/mo
Est. payment
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List your homeWhat's special
Great condition
Zillow last checked:
Listing updated:
Listed by:
Camila Gill Peris 248-644-6300,
Coldwell Banker Professionals-Birm
Bought with:
Joseph Hammel, 6501422602
Keller Williams Somerset
Source: Realcomp II,MLS#: 20251062111
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced Air, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 3,600 sqft
- Finished area above ground: 3,600
Property
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 4,791 Square Feet
- Dimensions: 77 x 101 x 77 x 101
Details
- Parcel number: W21I062723S
- Zoning description: MultiFamily
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Common Entry Building
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Basement, Brick Mortar
Condition
- New construction: No
- Year built: 1924
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: TURNBULL & EPSTEANS JEFFERSON AVE
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $33,017
- Annual tax amount: $2,911
- Date on market: 1/19/2026
- Cumulative days on market: 9 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Trade 1031 Exchange,Usda Loan,Va Loan,Warranty Deed
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Sold | $395,000$110/sqft |
Source:  Realcomp II #20251062111 Report a problem | ||
| 3/6/2026 | Pending sale | $395,000$110/sqft |
Source: Realcomp II #20251062111 Report a problem | ||
| 1/19/2026 | Listed for sale | $395,000+21.5%$110/sqft |
Source: Realcomp II #20251062111 Report a problem | ||
| 12/19/2022 | Sold | $325,000-7.1%$90/sqft |
Source: Realcomp II #20221042334 Report a problem | ||
| 12/16/2022 | Pending sale | $350,000$97/sqft |
Source: Realcomp II #20221042334 Report a problem | ||
| 11/21/2022 | Price change | $350,000-12.3%$97/sqft |
Source: Realcomp II #20221042334 Report a problem | ||
| 10/17/2022 | Price change | $399,000-7%$111/sqft |
Source: Realcomp II #20221042334 Report a problem | ||
| 9/23/2022 | Listed for sale | $429,000+112.7%$119/sqft |
Source: Realcomp II #20221042334 Report a problem | ||
| 9/10/2019 | Sold | $201,650-16%$56/sqft |
Source: Public Record Report a problem | ||
| 5/12/2019 | Listing removed | $240,000$67/sqft |
Source: O'Connor Realty #219035051 Report a problem | ||
| 4/18/2019 | Listed for sale | $240,000+638.5%$67/sqft |
Source: O'Connor Realty #219035051 Report a problem | ||
| 12/28/2018 | Listing removed | $625 |
Source: City Place Properties Report a problem | ||
| 12/17/2018 | Listed for rent | $625+8.7% |
Source: City Place Properties Report a problem | ||
| 10/19/2016 | Listing removed | $575+15% |
Source: City Place Properties Inc Report a problem | ||
| 10/23/2015 | Listing removed | $500 |
Source: City Place Properties Inc Report a problem | ||
| 10/13/2015 | Listed for rent | $500 |
Source: City Place Properties Inc Report a problem | ||
| 12/17/2013 | Listing removed | $32,500$9/sqft |
Source: REALTY EXECUTIVES POINTES #213096418 Report a problem | ||
| 10/31/2013 | Listed for sale | $32,500+111.7%$9/sqft |
Source: REALTY EXECUTIVES POINTES #213096418 Report a problem | ||
| 9/27/2013 | Sold | $15,350-58.5%$4/sqft |
Source: Public Record Report a problem | ||
| 9/19/2013 | Price change | $37,000-38.2%$10/sqft |
Source: REALTY EXECUTIVES POINTES #213096418 Report a problem | ||
| 6/2/2013 | Price change | $59,900-20%$17/sqft |
Source: REALTY EXECUTIVES POINTES #213033072 Report a problem | ||
| 5/16/2013 | Price change | $74,900-14.8%$21/sqft |
Source: REALTY EXECUTIVES POINTES #213033072 Report a problem | ||
| 4/12/2013 | Listed for sale | $87,900-20.8%$24/sqft |
Source: REALTY EXECUTIVES POINTES #213033072 Report a problem | ||
| 8/1/2012 | Sold | $111,042-20.4%$31/sqft |
Source: Public Record Report a problem | ||
| 11/15/2007 | Sold | $139,500$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $62,500 +104.9% |
| 2024 | -- | $30,500 +5.9% |
| 2023 | -- | $28,800 +32.7% |
| 2022 | -- | $21,700 -23% |
| 2021 | -- | $28,200 |
| 2020 | $2,223 +91.1% | $28,200 +13.7% |
| 2019 | $1,164 | $24,800 +9.3% |
| 2018 | $1,164 | $22,700 -2.2% |
| 2017 | -- | $23,200 +213.5% |
| 2016 | $1,183 | $7,400 |
| 2015 | $1,183 +37.5% | $7,400 -14% |
| 2013 | $860 -27.3% | $8,603 -31.8% |
| 2010 | $1,183 | $12,613 -12% |
| 2009 | -- | $14,333 -13.5% |
| 2008 | -- | $16,570 |
| 2007 | -- | $16,570 +5.5% |
| 2005 | $191 | $15,706 +3% |
| 2004 | -- | $15,249 |
Find assessor info on the county website
Neighborhood: Riverbend
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Nearby schools
GreatSchools rating
- 4/10Carstens Elementary-Middle SchoolGrades: PK-8Distance: 1.1 mi
- 3/10East English Village Preparatory AcademyGrades: 9-12Distance: 2.1 mi
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Estimated market value
$399,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$399,300
- Michigan
- Wayne County
- Detroit
- 48215
- Riverbend
- 1350 Alter Rd
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