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Duplex With Two Separate Units
For Sale
$254,900

23 N 5th St, Niles, MI 49120

Two spacious units with updated mechanicals and laundry hookups offer a straightforward residential income setup.

Property SizeContact for details
Days on Market49

Property Features for 23 N 5th St

General Information

Standard status Active
Property subtype Investment

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $3,391

Building Details

Year Built 1900
Units 2
Listing Agency: Home Zone Realty
Listed By: Kenneth Daniel Jr
Source: Elliman
Added: Jul 4 Changed: Aug 14 Last Checked: Aug 20 at 8:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Zone Realty

Investment Insights

Based on property information with market context.

This duplex includes two spacious units, each with its own furnace. The main floor features a kitchen with plenty of cabinet and counter space, with a gas stove and refrigerator included. Newer carpet with foam padding is installed, along with laundry hookups positioned conveniently within the unit. The main floor also has two full bathrooms, two separate access points to the basement from the main floor unit, and a bedroom configuration that includes two very spacious bedrooms with deep closets.

The upper unit has newer laminate flooring and has been freshly painted. It includes a dedicated laundry room that can also function as an additional bedroom, and it offers multiple storage features such as storage cabinets and a storage nook for bikes or similar items upon entry. Both units received central air within the last five years, and both water heaters were replaced in 2025.

For buyers or investors, the property’s two self-contained living areas, in-unit laundry options, and separate heating systems can support tenant-friendly living and reduce shared-system complexity. The layout provides flexibility with basement access from the main floor unit and multiple interior storage areas across both units.

Key Highlights

  • 1900‑built duplex with 2 spacious units (main floor and upper floor).
  • Each unit has its own furnace; central air added to both units within the last 5 years.
  • Water heaters replaced in 2025 (both water heaters).

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery Grocery & Convenience Store Daycare Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

902
Businesses Nearby

Demographics for 49120, MI

37,076
Population
15,581
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
116.5 sq mi
ZIP Area
318
Density / Sq Mi
$61,940
Median Household Income
$38,779
Median Earnings
$911
Median Rent
$166,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two spacious units with updated mechanicals and laundry hookups offer a straightforward residential income setup.
Where is this duplex located?
The property is located at 23 N 5th St Niles, MI.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: 1900‑built duplex with 2 spacious units (main floor and upper floor).; Each unit has its own furnace; central air added to both units within the last 5 years.; Water heaters replaced in 2025 (both water heaters).
More about this property
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