Great Investment Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this versatile multi-unit property offers strong income potential in a rapidly appreciating area. Perfect for an owner-occupant looking to offset their mortgage or an investor seeking immediate rental income. The lower unit is owner occupied and could command approximately $1,700 per month in rent, while the upper unit is currently leased through October 1, 2026, and rents for approximately $800 per month. Separate living spaces provide flexibility to rent both units or live in one and lease the other. Features include a spacious lot, detached two-car garage, basement storage, and a highly desirable location near waterfront parks, dining, and downtown Detroit amenities. Whether you're expanding your portfolio or looking for a smart house-hack opportunity, this property is packed with potential.
Pending
$239,900
648 Alter Rd, Detroit, MI 48215
3beds
2,988sqft
:
Get pre-qualified$2,096/mo
Multi Family
Built in 1959
-- sqft lot
$232,400 Zestimate®
$80/sqft
$-- HOA
What's special
- 34 days |
- 444 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
Lindsey Sundin 248-318-2513,
Vie Real Estate 248-600-4669
Source: Realcomp II,MLS#: 20261045961
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 2,988 sqft
- Finished area above ground: 2,988
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Pool features: None
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 135
Details
- Parcel number: W21I062674S
- Zoning description: Residential
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Upper Lower Apartment
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: WINDMILL POINTE SUB ALSO P6
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $867
- Annual tax amount: $125
- Date on market: 6/18/2026
- Cumulative days on market: 34 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,Va Loan
Estimated market value
$232,400
$221,000 - $244,000
$1,316/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2026 | Pending sale | $239,900$80/sqft |
Source:  Realcomp II #20261051831 Report a problem | ||
| 6/18/2026 | Listed for sale | $239,900+45.4%$80/sqft |
Source: Realcomp II #20261045961 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/8/2019 | Listing removed | $165,000$55/sqft |
Source: Owner Report a problem | ||
| 1/6/2019 | Listed for sale | $165,000+617.4%$55/sqft |
Source: Owner Report a problem | ||
| 4/21/2010 | Sold | $23,000+130%$8/sqft |
Source: Public Record Report a problem | ||
| 2/8/2010 | Sold | $10,000-87.2%$3/sqft |
Source: Public Record Report a problem | ||
| 5/18/2009 | Sold | $78,219$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $1,800 |
| 2024 | -- | $1,800 |
| 2023 | -- | $1,800 +5.9% |
| 2022 | -- | $1,700 -52.8% |
| 2021 | -- | $3,600 |
| 2020 | $443 +719.2% | $3,600 |
| 2019 | $54 | $3,600 +414.3% |
| 2018 | $54 | $700 |
| 2017 | -- | $700 -53.3% |
| 2016 | $1,473 | $1,500 |
| 2015 | $1,473 +913.3% | $1,500 +3.2% |
| 2013 | $145 -90.1% | $1,454 -94.2% |
| 2010 | $1,473 | $24,944 -18% |
| 2009 | -- | $30,420 -14.5% |
| 2008 | -- | $35,579 |
| 2007 | -- | $35,579 +5.5% |
| 2005 | $409 | $33,724 +3% |
| 2004 | -- | $32,742 +25.9% |
| 2001 | $2,166 +10.1% | $26,016 +3.2% |
| 2000 | $1,967 | $25,209 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Jefferson Chalmers
Nearby schools
GreatSchools rating
- 4/10Carstens Elementary-Middle SchoolGrades: PK-8Distance: 0.8 mi
- 3/10East English Village Preparatory AcademyGrades: 9-12Distance: 2.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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