Turnkey Multifamily
For Sale
$125,000
5305 Newport St, Detroit, MI 48213
Detroit multifamily asset offered as part of an 11-property portfolio near Chandler Park.
Property Size1,716 SF
Days on Market140
Property Features for 5305 Newport St
General Information
Standard status
Active
Size
1,716 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,946
Building Details
Building Size
1,716 SF
Year Built
1929
Units
2
Listing Agency:
Keller Williams Professionals
Listed By:
Michael Gerisch
(734) 459-4700
Source:
Elliman
Added: Apr 28
Changed: Sep 5
Last Checked: Sep 14 at 8:50AM
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.
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
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Current Use
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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 $125,000.
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
