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Victorian Duplex With Separate Entries
For Sale
Under Contract
$254,900

23 N 5th Street, Niles, MI 49120

Multi Family, Niles, MI

Property SizeContact for details
Lot Size0.16 Acres
Days on Market97

Property Features for 23 N 5th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Full bathrooms 3
Half bathrooms 1
Rooms Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 5, Bathroom 1
Parking 4
Basement Full
Lot features Sidewalk
Elementary school district Niles
Middle school district Niles
High school district Niles
Directions FROM DOWNTOWN TAKE MAIN TO S. ON 5TH TO THE CORNER OF CEDAR & 5TH
Standard status Active Under Contract
APN 11-72-3080-0009-02-9
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description THE N 52'OF LOTS 9 & 10 SUBDIVISION OF LOT 61 IN WM JUSTICE'S ADD TO NILES BY GEO W HOFFMAN
Tax Annual Amount 3391
Legal Description THE N 52'OF LOTS 9 & 10 SUBDIVISION OF LOT 61 IN WM JUSTICE'S ADD TO NILES BY GEO W HOFFMAN

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1900
Number of units 2
Building materials Wood Siding
Roof type Composition
Listing Agency: Home Zone Realty
Listed By: Kenneth Daniel Jr
Added: Jul 2 Changed: Sep 16 Last Checked: Oct 6 at 11:06AM
MLS# 26033488

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Victorian duplex, built in 1900, contains two residential units with separate entrances. Each unit includes three bedrooms, two bathrooms, a kitchen, dining room, and living room, providing a consistent layout across both residences. The lower unit has new carpet and paint. Separate furnaces, central air systems, and water heaters serve each unit, with central air and water heaters updated in 2025.

The property occupies 0.16 acres at 23 N 5th Street in Niles, with both off-street and on-street parking. Downtown-area amenities within walking distance include the hospital and clinics, park and River Walk, library, grocery stores, banks, shops, restaurants, exercise facilities, and a movie theatre. Notre Dame is identified as 20 minutes away. A new chimney was completed in 2024, and the commercial-grade flat roof was completed in 2025.

Key Highlights

  • Two‑unit Victorian property built in 1900 on a 0.16‑acre lot
  • Each unit includes 3 bedrooms, 2 bathrooms, kitchen, dining room, and living room
  • Separate entries, furnaces, central air, and water heaters serve each unit

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Bakery Grocery & Convenience Store Furniture & Home Goods Daycare Center Storage Facility

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 residential units offer independent access, heating, cooling, and water-heating systems for flexible occupancy arrangements.
Where is this duplex located?
The property is located at 23 N 5th Street 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: Two‑unit Victorian property built in 1900 on a 0.16‑acre lot; Each unit includes 3 bedrooms, 2 bathrooms, kitchen, dining room, and living room; Separate entries, furnaces, central air, and water heaters serve each unit
More about this property
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