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$275,000

302 Alter Rd Detroit, MI 48215

2 full, 2 partial
1,254 sqft
0.2 acres
$219 / sqft
Multi-Family

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

Home typeMulti Family
HeatingForced Air, Natural Gas
StatusComing Soon
CoolingCentral Air
Size1,254 sqft
BasementYes
Lot size0.19 Acres
Year built1947
MLS #20251017055
Active DateJuly 18, 2025

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

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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

DateEventPrice
Sep 18, 2019
Home Sold
$153,500

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

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.

How much money do the neighbors make?

57%
<35k
41%
35k-100k
1%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

54%
Single, No Kids
23%
Single, with Kids
15%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
39%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • NHRA Drag RacingNHRA Drag Racing
  • Horse RacesHorse Races

Where do the neighbors shop?

  • BurlingtonBurlington
  • Big LotsBig Lots
  • Stein MartStein Mart

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • Golden CorralGolden Corral
  • LongHorn SteakhouseLongHorn Steakhouse

What do the neighbors drive?

  • DodgeDodge
  • KiaKia
  • BuickBuick

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Adult StandardsAdult Standards
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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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.

From Rocket Homes Real Estate and based on county public records data.

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