Sold
503 ALGER Street, Detroit, MI 48202
Sold on 04/22/2025 for$480,000
MLS # 20240007747 (Realcomp)
Built 19180.18 acres
1 / 35
Listing Description
If you're searching for an investment property with a value-add opportunity, look no further! This 9-unit apartment building located in the heart of North End, offers lucrative investment opportunities to enhance the value and increase its income potential. The property features 8- 2 BR units & a large studio basement apartment. There are hardwood floors throughout, updated electrical, which is separate for each unit, and updated hot water tank. Annual income is projected. Measurements are approximate. Contact us today to schedule a viewing and explore this incredible investment opportunity.
Source: SparkMLS
About this home
Located in Middle Woodward in Detroit, this property offers 9-bath, with original construction dating to 1918.
This home sold for $480,000.
Property tax estimate: $17,144 per year ($1,429/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms9
Lot Size0.18 acres
Year Built1918
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingRadiant
WaterPublic
Sale & Financing
Listed2/8/2024
Sold Date4/21/2025
Original Price$720,000
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$2,280
Tax Year2025
State Equalized Value$267,100
Assessed Value$267,100
Parcel #03002322.
Source: Public Records
Legal Description
N ALGER E 10 FT 31 30 W 20 FT 29 BEAMER & FRAERS L14 P8 PLATS, W C R 3/102 70 X 113
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Adrena Holman
Redfin Corporation
Frequently Asked Questions about 503 ALGER Street, Detroit, MI 48202
What school district is 503 ALGER Street, Detroit, MI 48202 in?
Per MLS# 20240007747, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20240007747, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240007747, the most recent reported annual property tax for 503 ALGER Street, Detroit, MI 48202 is $1,772. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 503 ALGER Street, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 503 ALGER Street, Detroit, MI 48202 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 503 ALGER Street, Detroit, MI 48202 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 503 ALGER Street, Detroit, MI 48202?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 503 ALGER Street, Detroit, MI 48202. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$17,144
Monthly$1,429
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
$
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Monthly payment$5,223
Principal & interest$3,794
Property taxes$1,429
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
503 ALGER Street, Detroit, MI 48202
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Neighborhood
Middle Woodward
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Community
Detroit
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County
Wayne County
View county overview →
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