Updated Two-Family Brick
New
For Sale
$150,000
5240 Newport St, Detroit, MI 48213
Brick two-family property with two 2-bedroom, 1-bath units and recently updated mechanicals and finishes.
Days on Market7
Property Features for 5240 Newport St
General Information
Standard status
Active
Property subtype
Investment
Additional Details
Multifamily Units
2
Building Details
Year Built
1929
Construction
brick
Listing Agency:
(313) 694-3999
Listed By:
Kelly Wilson
(313) 694-3999
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 29 at 1:20PM
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 Kelly Wilson
Investment Insights
Based on property information with market context.
This beautifully updated brick two-family home offers a straightforward income-producing setup, with each unit featuring two spacious bedrooms and one full bathroom. Updates include brand-new furnaces, hot water tanks, new windows, fresh paint, and new flooring throughout, supporting a move-in-ready presentation.
The property is located at 5240 Newport St, Detroit, MI 48213. Bike score is 67 and walk score is 60, with a transit score of 42.
For practical day-to-day configuration, the home is laid out as two separate residential units with matching unit sizes and bathroom counts, supported by the recent interior and mechanical improvements.
The property is located at 5240 Newport St, Detroit, MI 48213. Bike score is 67 and walk score is 60, with a transit score of 42.
For practical day-to-day configuration, the home is laid out as two separate residential units with matching unit sizes and bathroom counts, supported by the recent interior and mechanical improvements.
Key Highlights
- Brick two‑family home built in 1929 with two separate units
- Each unit offers 2 bedrooms and 1 full bathroom
- Recent updates include brand‑new furnaces and hot water tanks
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 48213, MI
19,088
Population
11,365
Households
1.7
Avg Household Size
39
Median Age
7%
College-Educated
82%
High-School Grad
6.5 sq mi
ZIP Area
2,937
Density / Sq Mi
$33,755
Median Household Income
$24,765
Median Earnings
$837
Median Rent
$52,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family property with two 2-bedroom, 1-bath units and recently updated mechanicals and finishes.
Where is this duplex located?
The property is located at 5240 Newport St Detroit, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Brick two‑family home built in 1929 with two separate units; Each unit offers 2 bedrooms and 1 full bathroom; Recent updates include brand‑new furnaces and hot water tanks
