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    282 Newport St Detroit, MI 48215

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    For Sale
    $160,000

    Newly renovated two-family flat with separate utilities and new driveway.

    Lot size:
    0.14 Acres

    Property Features for 282 Newport St

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1939

    Source: Investors Management Service Agent Stephen L Smiley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rehabilitated Two-Family Flat For Sale

    This is a newly rehabilitated two-family flat featuring new energy-efficient windows. The property includes a new concrete driveway, parking pad, and patio. A deck is accessible from the rear bedroom. The lower unit is currently vacant. Separate utilities are in place, though water and sewerage are paid by the owner. The property offers excellent rental income potential. All measurements should be verified by the buyer.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9399067
    Latitude
    42.3619053

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    FAQs

    What type of property is this?
    Duplex - Newly renovated two-family flat with separate utilities and new driveway.
    Where is this duplex located?
    The property is located at 282 Newport St Detroit, MI.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Excellent rental income makes this an ideal investment.; - Newly rehabilitated 2 family flat, move-in ready!; - Separate utilities for easy tenant management.
    (313) 999-1268
    Request Owner's contact information
    282 Newport St Detroit, MI 48215
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    Detroit, MI 48215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    282 Newport St Detroit, MI 48215
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