Back 896 Alter Road
Off Market

896 Alter Road

Detroit MI 48215

4
3308 sq. ft.
0.16 ac.
Multi-Family
Last sold for $215,000
David DawoodDavid Dawood, last sold this property on 22 May 2025 after -83 days on market.

Overview

Nestled in Detroit's tranquil Jefferson Chalmers neighborhood near Grosse Pointe Park, this well-maintained four-unit multifamily property offers an excellent investment opportunity. Each of the four units features a living room, kitchen, dining area, one bedroom, and one bathroom, providing comfortable living spaces for residents. The Jefferson Chalmers area is known for its family-friendly atmosphere and proximity to shops and restaurants, offering a vibrant community for residents. The location also provides a short commute to downtown Detroit, enhancing its appeal to potential tenants. This property stands as a solid investment in a developing neighborhood, offering both immediate rental income and long-term growth potential.

Features

4 bathrooms
3308 sq. ft. floor area
0.16 ac. lot size
Multi-Family

Estimated Value

Based on this property and similar multi families sold in Detroit over the last 12 months, the estimated median property value of 896 Alter Road is $139k.

Median value
$139k
Estimated value range
$50k - $395k
Median days on market
19
Estimated value trend
-25%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Detroit. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 896 Alter Road

2025
Sold
$215,000
22 May 2025 by David Dawood, of Detroit Progress Realty LLC

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, 14 multi families similar to 896 Alter Road, have been sold.

This represents a 56% increase in multi families sales when compared to the previous 12 months.

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