Sold
5258 Alter Road, Detroit, MI 48224
Sold on 05/07/2026 for$58,000
MLS # 20261024648 (Realcomp)
Built 19480.12 acres
1 / 11
Listing Description
Investors- NO SELLER FINANCING AND NO LOW BALL OFFERS PLEASE Here is a well located duplex waiting for finishes, appliances and mechanicals. One kitchen is partially done, the other is plumbed and ready for cabinets. Both ceramic tile bathrooms are ready for fixtures and finishing, one needs a sink and vanity. Hardwood floors are partially done. BATVAINO SELLER FINANCING OFFERED
Source: SparkMLS
About this home
2-bath home in Finney in Detroit built in 1948.
Closed at $58,000.
Estimated annual property tax: $3,030, or about $253 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.12 acres
Year Built1948
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
Sale & Financing
Listed4/12/2026
Sold Date5/6/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,378
Tax Year2025
State Equalized Value$47,200
Assessed Value$47,200
Parcel #21062941-2
Source: Public Records
Legal Description
E ALTER 193&194 ABBOTT & BEYMERS SUNDERLAND PARK SUB L36 P93 PLATS, W C R 21/428 40 X 125.03A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Heather Dell
RE/MAX Leading Edge
Frequently Asked Questions about 5258 Alter Road, Detroit, MI 48224
Which school district serves 5258 Alter Road, Detroit, MI 48224?
Per MLS# 20261024648, 5258 Alter Road, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261024648, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5258 Alter Road, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $2,857. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 5258 Alter Road, Detroit, MI 48224 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.
Is 5258 Alter Road, Detroit, MI 48224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. 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.
What utilities serve 5258 Alter Road, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$3,030
Monthly$253
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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%
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Monthly payment$674
Principal & interest$422
Property taxes$253
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5258 Alter Road, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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