$1,366 Closing Credit¹
#20240089788, Robert LaBute, Listing Office: Real Estate Management Specialists Inc
$105,000 List price
5530 Alter Rd Detroit, MI 48224
$1,247
Closing credit¹
5 beds
3 full, 1 partial
2,512 sqft
0.1 acres
$42 / sqft
House
Property details
About 5530 Alter Rd
Welcome to this full gem in the desirable 48224 zip code! This property offers incredible potential, featuring multi-family 5 spacious bedrooms (3 on the first floor and 2 upstairs), 3 full bathrooms, and a convenient half bath in the basement. With separate living and dining rooms on both floors, this home provides ample space and privacy. Recent upgrades include a brand-new roof and new gutters (11/2024), ensuring peace of mind for years to come. This property offers a spacious layout with a fireplace on the first floor, a spacious basement with two extra rooms, perfect for extra storage or workspace, and the 2-car garage offers additional value with some rehab needed. Whether you are looking to flip or hold for long-term rental income, this property offers endless possibilities, this will be a great investment situated in a beautiful neighborhood. Don’t miss this incredible opportunity – submit your offer today! This property is ready to generate rental income or serve as a fantastic owner-occupied home. Schedule a showing now and make it yours!
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size2,512 sqft
BasementYes
Lot size0.11 Acres
Year built1938
ParkingTwo Car Garage, Detached, Driveway, Garage Faces Front
MLS #20240093046
Garage2 spaces
Summary
- MLS Number: 20240093046
- MLS Name: Realcomp II Ltd
- Office Name: Keller Williams Realty-Great Lakes
- Office Phone: (586) 541-4000
- Listing Agent: Tekeila Steen
Disclaimer: 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: 3/10/2025, 9:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$105,000
5530 Alter Rd
$1,247
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $50,700 | $1,290 |
| 2023 | $39,700 | $1,290 |
| 2022 | $35,900 | $1,884 |
| 2021 | $28,800 | $1,884 |
| 2020 | $26,500 | $1,136 |
| 2018 | $20,700 | $1,136 |
| 2017 | $19,100 | $1,132 |
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
1.0 mi
•9740 McKinney St
1
Wayne Elementary School
Public District PK-5
1.0 mi
•10633 Courville St
6
George Defer Elementary School
Public District KG-5
1.6 mi
•15425 Kercheval Ave
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 $19,038. The majority of Detroit, MI residents have income less than $<35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
81%
<35k
19%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
55%
Single, No Kids
30%
Single, with Kids
11%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
38%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
White Castle
Little Caesars
Jack In The Box
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5530 Alter Rd
This home is located at 5530 Alter Rd in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,512 square foot home, which was built in 1938, sits on a 0.11 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 19, 2024 and is currently priced at $105,000.
In February 2025 more than 68 listings in Detroit, MI were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 203 were sold below. In February 2025 in Detroit, MI there were 7% more homes for sale than in January. While the average time on the market in February 2025 was 59 days, the median list price was $88,760.
From Rocket Homes Real Estate and based on county public records data.