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Turnkey Multifamily Property

5305 Newport St Detroit, MI 48213

5305 Newport St, Detroit, MI, 48213
$170,000
For Sale
$170,000

Detroit multifamily asset offered as part of an 11-property portfolio near Chandler Park.

Days on Market86

Property Features for 5305 Newport St

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1929
Listing agency Keller Williams Professionals
Listed by Michael Gerisch
Source Elliman
Added: Apr 28 Updated: Jul 22 at 7:20AM Checked: Jul 22 at 7:20AM

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 Keller Williams Professionals


Investment Insights

Based on property information with market context.

This turnkey multifamily property is offered for sale as 1 of 11 assets in a single portfolio being sold within the Downtown Area. Buyers may purchase one property or multiple properties within the group.

The offering is positioned just minutes from Chandler Park, described as Detroit’s fourth largest park. Chandler Park features a public golf course, aquatic center, skate park, walking trails, and expansive green space. Public remarks also note a newly opened, state-of-the-art domed sports complex with year-round recreation, fitness programming, and community events.

WalkScore is 60 (Somewhat Walkable), bikeScore is 67 (Bikeable), and transitScore is 42 (Some Transit), per the provided information.

Key Highlights

  • 1929‑built Detroit multifamily property offered as part of an 11‑property portfolio
  • Buyer can purchase 1 or multiple properties within the same downtown‑area portfolio
  • Chandler Park nearby—Detroit’s fourth largest park with a public golf course, aquatic center, skate park, walking trails, and expansive green space

Property Analytics

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Gym & Fitness Center Skin Care Clinic Electrical Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Multifamily property - Detroit multifamily asset offered as part of an 11-property portfolio near Chandler Park.
Where is this multifamily property located?
The property is located at 5305 Newport St Detroit, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: 1929‑built Detroit multifamily property offered as part of an 11‑property portfolio; Buyer can purchase 1 or multiple properties within the same downtown‑area portfolio; Chandler Park nearby—Detroit’s fourth largest park with a public golf course, aquatic center, skate park, walking trails, and expansive green space
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