#20250003967, Savannah Srebernak, Listing office: Jim Saros Real Estate Services
302 Alter Rd Detroit, MI 48215
Property details
About 302 Alter Rd
One of the most desirable 2-unit apartment buildings on the Eastside! An excellent investment opportunity with an easy-to-manage, easy-to-lease building — or live in one apartment and rent out the other to help cover your mortgage and carrying costs. Large side-by-side townhouse-style units — each with 3 bedrooms, central A/C, one full bath, one half bath, private basements with all utilities separated and off street parking + ample on street parking. Easy management with no tenants living above or below one another and no interior common areas — everything is separate for each apartment. Each unit boasts beautiful hardwood floors throughout and plenty of natural light. Spacious living rooms, dining rooms, half baths, and updated kitchens with windows overlooking the large backyard complete the desirable first-floor layout. The second floor features 3 large bedrooms and a full bath, with plenty of storage and closet space. Washer and dryer in each private basement. Great location on a quiet street south of Jefferson and just west of Grosse Pointe Park — close to downtown! Projected rents of $1,300–$1,600 per unit. An excellent investment opportunity south of Jefferson in the rapidly appreciating Jefferson-Chalmers neighborhood.
Highlights
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 2
- Basement: Yes
- Attached Garage: No
- Architectural Style: Colonial, Townhouse
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $275,000
- Price/SqFt: $219
- Annual Tax Amount: $1,800
- Tax Year: 2024
- Directions: South of Jefferson
- Year Built: 1947
- Living Area: 1,254 SqFt
- Lot Size: 0.19 Acres
- MLS Number: 20251017055
- MLS Name: Realcomp II Ltd
- Office Name: Jim Saros Real Estate Services
- Office Phone: (313) 886-9030
- Listing Agent: James B Saros
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Last updated on: 7/15/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Sep 18, 2019 | Home Sold | $153,500 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $32,000 | $1,800 |
2023 | $24,600 | $1,800 |
2022 | $21,800 | $978 |
2021 | $17,500 | $978 |
2020 | $16,500 | $1,265 |
2018 | $10,700 | $1,265 |
2017 | $10,900 | $1,296 |
History based on county public records data.
Nearby schools
6
George Defer Elementary School
Public District KG-5
1.3 mi
•15425 Kercheval Ave
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
3.4 mi
•9740 McKinney St
1
Wayne Elementary School
Public District PK-5
3.7 mi
•10633 Courville St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,615. Residents of Detroit, MI typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 302 Alter Rd
The listing price of 302 Alter Rd property is $275,000.
The property 302 Alter Rd is a multi located in Detroit, Michigan, 48215.
Coming Soon: 302 Alter Rd is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.
The nearby schools for 302 Alter Rd are: George Defer Elementary School (GreatSchools Rating 6/10), Marvin L Winans Academy Elementary School (GreatSchools Rating 1/10), Wayne Elementary School (GreatSchools Rating 1/10), Carstens Elementary-Middle School (GreatSchools Rating 2/10), Detroit Merit Charter Academy (GreatSchools Rating 3/10), Pierce Middle School (GreatSchools Rating 9/10), Davis Aerospace Technical High School at Golightly (GreatSchools Rating 4/10), Pathways Academy (GreatSchools Rating 2/10), Grosse Pointe South High School (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $1,800 (source: MLS/based on county public records data).
The last sale was on September 18, 2019 for $153,500 (source: MLS/tax record).
The property 302 Alter Rd is 1,254 SqFt (source: MLS/tax record).
The year of construction for 302 Alter Rd is 1947.
This home is located at 302 Alter Rd in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,254 square foot home, which was built in 1947, sits on a 0.19 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since July 14, 2025 and is currently priced at $275,000.
In June 2025, from all listings sold in Detroit, MI there were more than 79 sold above asking price, over 144 sold below and more than 74 were sold right at the asked price. Between May and June 2025, Detroit, MI real estate market has seen increase in the number of listings by 16.7%. In June 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $92,746.