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

Bedrooms4 Baths2.2 Sq 4,356

Monthly Estimate*

^$ 947

5240 Newport Street, Detroit, MI 48213 - Image 1

5240 Newport Street, Detroit, MI 48213 - Image 2

Multi-Family Home for sale in Detroit, MI

for $150,000 with 4 bedrooms and 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

Full Bath

Half Bath

Property Type

Multi-Family

Taxes

^$ 3,437

Style

Duplex

Lot Size

0.1

Year Built

1929

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

20261056712

Features

General

Sewer PublicSewer SewerAtStreet

Heating ForcedAir NaturalGas

Possession AtClose

Garage Spaces 0.0

Architectural Style Duplex

Pool Features None

Construction Materials Brick

Pets Allowed Yes

Year Built 1929

Levels Three

Property Subtype MultiFamily

County Wayne

Net Operating Income 0.0

New Construction N

Property Type ResidentialIncome

HOA N

Attached Garage N

Subdivision Name WERNERS PARK SUB

Garage Y/N N

Full Baths 2

Status Active

Directions South of Southhampton North of E. Warren

City DetroitCity_Wayne

Disclosures ActualIncome NoRestrictions TaxesNotHomesteadExempt

Senior Community Y/N N

High School District Detroit

Zoning Description MultiFamily Residential

Number Of Units Total 2

MLS Area Area05055DetConMorsGratHstn7Mack

Lot Size Units Acres

Carport Y/N N

Number of Units Leased 0

Land Lease Y/N N

Tax Annual Amount 3437.0

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Active

Occupancy Type Vacant

Tax Assessed Value 1290

Expected Active Date 2026-07-22

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

Interior

Basement Full Unfinished

Basement (Y/N) Y

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 4356.0

Half Baths 2

Above Grade Finished Area Unit Type SquareFeet

Total Baths 4

Exterior

Water Source Public WateratStreet

Foundation Details Basement Poured

Spa N

Lot Dimensions 40X107

Lot Size Acres 0.1

Waterfront Y/N N

Road Frontage Type Alley Paved

Crops Included Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 5240

* Excluded Features

List By

Kelly Wilson

Listing Agent

Harvest Homes Realty

Broker

(313) 495-3298

Phone

Affordability Calculator

$1,234

Per Month

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

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Interest Rate

Yearly Property Taxes

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 ^$265,753

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.

848539 Elementary School

848135 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 has 4 bedrooms, 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.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 7/23/2026.

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5240 Newport Street

Multi-Family Home for sale in Detroit, MI

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