Two-Unit
For Sale
$95,000
Pending
4740-4742 Alter Rd, Detroit, MI 48215
Upper and lower residences offer an established rental configuration near I-94.
Property Size2,214 SF
Days on Market9
Property Features for 4740-4742 Alter Rd
General Information
Standard status
Pending
Size
2,214 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,652
Building Details
Building Size
2,214 SF
Year Built
1922
Buildings
1
Units
2
Listing Agency:
Prospect Realty Group
Listed By:
Colleen Kennedy
(248) 417-1396
Source:
Elliman
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 6:28PM
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 Prospect Realty Group
Investment Insights
Based on property information with market context.
Built in 1922, this duplex is arranged as upper and lower units. Plumbing and electrical work was completed last year, and the upper residence received a full turnover about five months ago. The property has passed City rental inspection and prior Housing Choice Voucher inspections; another HCV inspection is scheduled. One tenant currently participates in the HCV program.
The property is in Detroit’s Morningside neighborhood near the Grosse Pointe Park border, with access to I-94. It may be purchased on its own or included in a six-property investment portfolio.
The property is in Detroit’s Morningside neighborhood near the Grosse Pointe Park border, with access to I-94. It may be purchased on its own or included in a six-property investment portfolio.
Key Highlights
- Upper/lower duplex configuration
- Built in 1922
- Plumbing and electrical upgrades completed last year
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Upper and lower residences offer an established rental configuration near I-94.
Where is this duplex located?
The property is located at 4740-4742 Alter Rd Detroit, MI.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Upper/lower duplex configuration; Built in 1922; Plumbing and electrical upgrades completed last year
