For Sale
648 Alter Road, Detroit, MI 48215
$239,900
MLS # 20261051831 (Realcomp)
3 beds2 baths2,988 sqftBuilt 19590.16 acres
1 / 54
Listing Description
Rare Opportunity on the Grosse Pointe/Detroit Border! Just one block from the Detroit River and within walking distance of Coriander Kitchen & Farm, this spacious property offers incredible flexibility for homeowners and investors alike. Currently configured with separate upper and lower living spaces, the home is ideal for multigenerational living, an owner-occupant seeking rental income, or conversion to a spacious single-family residence. The lower level is owner occupied, while the upper unit is leased through October 1, 2026, providing immediate rental income. Estimated market rents are approximately $1,700 per month for the lower level and $800 per month for the upper level. Additional features include a detached two-car garage, basement storage, a generous lot, and an unbeatable location just minutes from the Detroit River, Belle Isle, downtown Detroit, and Grosse Pointe. Whether you're searching for a home with income potential or a property to make your own, this one offers exceptional value and endless possibilities.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,988 sq ft home built in 1959 sits in East Riverside in Detroit.
Currently offered at $239,900 (about $80/sq ft).
Annual property taxes run approximately $116 ($10/month). 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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,988 sqft
Lot Size0.16 acres
Year Built1959
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/6/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$84
Tax Year2025
State Equalized Value$1,800
Assessed Value$1,800
Homestead (PRE)50%
Parcel #21062674.
Source: Public Records
Legal Description
E ALTER 149 WINDMILL POINTE SUB L37 P5 PLATS, W C R 21/521 50 X 135. NEZ HOMESTEAD CERT #NH2010-0377 RELATED PARCEL #27100377.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Lindsey Sundin
Vie Real Estate
Frequently Asked Questions about 648 Alter Road, Detroit, MI 48215
What school district is 648 Alter Road, Detroit, MI 48215 in?
Per MLS# 20261051831, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 648 Alter Road, Detroit, MI 48215?
Per MLS# 20261051831, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261051831, the most recent reported annual property tax for 648 Alter Road, Detroit, MI 48215 is $125. 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 648 Alter Road, Detroit, MI 48215 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 648 Alter Road, Detroit, MI 48215 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. 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$116
Monthly$10
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$1,566
Principal & interest$1,556
Property taxes$10
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
648 Alter Road, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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