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Two-Unit Duplex with Detached Garage
For Sale
$239,900
Pending

648 Alter Rd, Detroit, MI 48215

Duplex with separate living spaces, basement storage, and a detached two-car garage near the Detroit River.

Property Size2,988 SF
Days on Market49

Property Features for 648 Alter Rd

General Information

Standard status Pending
Size 2,988 SF
Total Parking Spaces 2
Property subtype Investment
Occupancy 100%

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $125

Building Details

Building Size 2,988 SF
Year Built 1959
Units 2
Tenancy Multi
Listing Agency: Vie Real Estate
Listed By: Lindsey Sundin
Source: Elliman
Added: Jun 25 Changed: Aug 8 Last Checked: Aug 12 at 9:00AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vie Real Estate

Investment Insights

Based on property information with market context.

This two-unit duplex offers two separate living spaces with basement storage and a detached two-car garage. The lower unit is owner occupied, and the upper unit is leased through October 1, 2026. As described in the remarks, the lower unit could command approximately $1,700 per month in rent, while the upper unit rents for approximately $800 per month.

The property is positioned on the Grosse Pointe/Detroit border and is about one block from the Detroit River. It is also described as within walking distance of Coriander Kitchen & Farm, with nearby access to waterfront parks, dining, and downtown Detroit amenities. Mobility data provided includes a BikeScore of 55 (bikeable), a walkScore of 60 (somewhat walkable), and a transitScore of 36 (some transit).

For tenants or owner-occupants, the duplex layout supports living in one unit while renting the other, offering day-to-day flexibility. For investors, the presence of an in-place lease through October 1, 2026 supports immediate rental occupancy on one side, while the owner-occupied lower unit provides an additional unit to manage and potentially lease in the future. Detached parking and on-site storage add practical convenience for occupants.

Key Highlights

  • Duplex with separate living spaces; lower unit is owner occupied and could rent for approx. $1,700/month
  • Upper unit is leased through October 1, 2026 for approx. $800/month
  • Detached two‑car garage plus basement storage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Dental Office Parking Lot & Garage Nail Salon Daycare Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

718
Businesses Nearby

Demographics for 48215, MI

10,520
Population
6,044
Households
1.7
Avg Household Size
41
Median Age
19%
College-Educated
85%
High-School Grad
3.9 sq mi
ZIP Area
2,697
Density / Sq Mi
$33,741
Median Household Income
$36,728
Median Earnings
$897
Median Rent
$105,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex with separate living spaces, basement storage, and a detached two-car garage near the Detroit River.
Where is this duplex located?
The property is located at 648 Alter Rd Detroit, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex with separate living spaces; lower unit is owner occupied and could rent for approx. $1,700/month; Upper unit is leased through October 1, 2026 for approx. $800/month; Detached two‑car garage plus basement storage
More about this property
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