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648 Alter Road

Detroit MI 48215

2
2988 sq. ft.
0.16 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

2 bathrooms
2988 sq. ft. floor area
0.16 ac. lot size
Multi-Family

Happy sellers in Detroit

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We have insufficient information to provide an overview of customer satisfaction for Detroit. Viewing the agent profiles, reviews and sales for Detroit can provide insights for this location.

Local market activity for multi families in Detroit

In the last 12 months, 13 multi families similar to 648 Alter Road, have been sold.

This represents a 62% increase in multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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