5240 Newport Street Detroit, MI ^$ 150,000

5240 Newport Street

^$ 150,000

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Recently Listed

5240 Newport Street

Detroit, MI, 48213

^$ 150,000

Studio Baths2.2 Sq 4,356

Monthly Estimate*

^$ 947

5240 Newport Street, Detroit, MI 48213 - Image 1

5240 Newport Street, Detroit, MI 48213 - Image 2

Studio

Multi-Family Home for sale in Detroit, MI

for $150,000 with 2 full baths, 2 half baths. This 4,356 square foot home was built in 1929 on a lot size of 0.1.

Beautifully Updated Brick Two-Family Home - Great Investment Opportunity! Don't miss this beautifully updated brick two-family home with incredible potential! Each unit features 2 spacious bedrooms and 1 full bathroom, making it ideal for owner-occupants or investors looking to generate rental income. This home include brand-new furnaces, hot water tanks, windows, fresh paint, and new flooring throughout, providing peace of mind and reducing future maintenance costs. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this move-in-ready property is a must-see. Schedule your showing today before it's gone!

Multi-Family Active

Price

^$ 150,000

Bedrooms

Studio

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 3,437

Style

Lot Size

0.1

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

61013636

Features

General

Heating Forced Air

Possession At Close

Water Public Water Public Water at Street

Status Active Active

Full Baths 2

Half Baths 2

Bathrooms 4

Year Built 1929

Subdivision Werners Park Sub MI

County Wayne

Class MULTIFAMILY

Type Multi-Family

Net Income 0

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Area Detroit (82001)

Primary City Detroit

Directions South of Southhampton North of E. Warren

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2024. E NEWPORT 73 WERNERS PARK SUB L43 P1 PLATS W C R 21/621 40 X 107

DOM 1

Postal Code 48213

Price Per Sq Ft Total AG 34.44

Public Remarks

Interior

Basement Poured

Fireplace? No

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Brick

Lot Size Area 0.1

Lot Dimensions 40X107

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

Kelly Wilson

Listing Agent

Harvest Homes Realty

Broker

treasureklz@yahoo.com

Affordability Calculator

$1,234

Per Month

Monthly Principal & Interest: $947
Monthly Property Taxes: $286
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Detroit, MI

Average List Price ^$265,006

Percent of Sale Price 77%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/22/2026	$150,000		Listed Price

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5240 Newport Street, Detroit, MI, 48213 is a Multi-Family Home for sale at $150,000 with 4,356 sqft and a lot size of 0.1. 5240 Newport Street is a studio with 2.2 baths and was built in 1929. The property's zip code is 48213 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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5240 Newport Street

Multi-Family Home for sale in Detroit, MI

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