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2580 Alter Rd, Detroit, MI, 48215

4beds
2baths
1,924sqft
$125,000
$65price/sqft
$1,163/moest. monthly cost
$46,520/yrincome needed

About This Home

Here is an investment opportunity near the border of Detroit and Grosse Pointe Park. Spacious upper / lower duplex currently occupied at 1330 / month. Single tenant occupies both units. Superb location one block for Grosse Pointe Park. Excellent opportunity for an investor looking to add value. Lease and ledger available upon request.

Getting Around

72
WalkingVery Walkable
42
TransitSome Transit
65
BikeBikeable

Schools

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Basement,Brick Mortar
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 1,924

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,924 sqft

Property

Details

  • Parcel number: W21I062774S
  • Zoning description: Residential
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 3,484 sqft
  • Lot size dimensions: 33 x 101.47

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Inland Flooding
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $632$7,584
Home Insurance *$169$2,028
Property Taxes $153$1,836
Electricity $209$2,518
Total$1,163$13,956
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$39,874/yr
40% on housing$34,890/yr
45% on housing$31,013/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$65This listing

vs Other Active Listings

Avg $/sqft

ZIP 48215$82
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48215$121
Wayne County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Price change$125,000
2026-03-01Price change$139,000
2026-01-20Price change$145,000
2025-12-05Listed for sale$150,000
2021-06-02Sold$85,000
2021-02-01Sold$30,000
2015-10-27Sold$37,000
2015-05-08Listed for sale$42,000
2015-02-02Listing removed$550
2014-11-04Price change$550
2014-06-03Listed for rent$495
2013-11-13Listing removed$38,000
2013-08-23Listed for sale$38,000
2013-01-20Listing removed--
2012-12-22Listed for sale--

For Sale by Agent

AgentBenjamin Ness
BrokerageClyde Realty LLC

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