497 Neff Road Grosse Pointe, MI $ 465,000
497 Neff Road
$ 465,000
Share Save

497 Neff Road

Grosse Pointe, MI, 48230
$ 465,000
Bedrooms4 Baths2.0 Sq 2,467

Monthly Estimate*

$ 2,901

497 Neff Road, Grosse Pointe, MI 48230 - Image 1
497 Neff Road, Grosse Pointe, MI 48230 - Image 2
497 Neff Road, Grosse Pointe, MI 48230 - Image 3
497 Neff Road, Grosse Pointe, MI 48230 - Image 4
497 Neff Road, Grosse Pointe, MI 48230 - Image 5
497 Neff Road, Grosse Pointe, MI 48230 - Image 6
497 Neff Road, Grosse Pointe, MI 48230 - Image 7
497 Neff Road, Grosse Pointe, MI 48230 - Image 8
497 Neff Road, Grosse Pointe, MI 48230 - Image 9
497 Neff Road, Grosse Pointe, MI 48230 - Image 10
497 Neff Road, Grosse Pointe, MI 48230 - Image 11
497 Neff Road, Grosse Pointe, MI 48230 - Image 12
497 Neff Road, Grosse Pointe, MI 48230 - Image 13
497 Neff Road, Grosse Pointe, MI 48230 - Image 14
497 Neff Road, Grosse Pointe, MI 48230 - Image 15
497 Neff Road, Grosse Pointe, MI 48230 - Image 16
497 Neff Road, Grosse Pointe, MI 48230 - Image 17
497 Neff Road, Grosse Pointe, MI 48230 - Image 18
497 Neff Road, Grosse Pointe, MI 48230 - Image 19
497 Neff Road, Grosse Pointe, MI 48230 - Image 20
497 Neff Road, Grosse Pointe, MI 48230 - Image 21
497 Neff Road, Grosse Pointe, MI 48230 - Image 22
497 Neff Road, Grosse Pointe, MI 48230 - Image 23
497 Neff Road, Grosse Pointe, MI 48230 - Image 24
497 Neff Road, Grosse Pointe, MI 48230 - Image 25
497 Neff Road, Grosse Pointe, MI 48230 - Image 26
497 Neff Road, Grosse Pointe, MI 48230 - Image 27
497 Neff Road, Grosse Pointe, MI 48230 - Image 28
497 Neff Road, Grosse Pointe, MI 48230 - Image 29
View a Virtual Tour

Multi-Family Home for sale in Grosse Pointe, MI

for $465,000 with 4 bedrooms and 2 full baths. This 2,467 square foot home was built in 1942 on a lot size of 0.21.

Welcome to this prime two-family investment property offering exceptional income potential in a desirable neighborhood. Each spacious unit features two bedrooms, full bath, living room with fireplace, formal dining room, kitchen and Florida room off the rear. Second floor unit has small den off the living room. The open basement offers laundry facilities and additional storage. 1st floor has been leased for $1,850.00. 2nd floor is currently leased at $1,800/month. Situated on a 59 x 155 lot, this property provides off-street parking, a large backyard, and a three car garage, enhancing tenant appeal. Both units are metered separately for gas/electric utilities, tenants pay utilities and landlord pays the water. Perfectly positioned just minutes from the Village for shopping and dining, and the residents-only lakefront park with swimming pool, marina, kayak launch, playground, splash pad and picnic area, this property offers excellent access to city amenities and employment hubs with just a short distance to Downtown Detroit. Whether you’re looking to expand your rental portfolio or seeking a live-in investment, this property delivers reliable returns and future value appreciation. Don’t miss your chance to acquire a versatile, high-demand asset—schedule a private tour today! Seller to provide C of O.

See more

Multi-Family Active

Price

$ 465,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,135

Style

Colonial

Lot Size

0.21

Year Built

1942

Town/City

Grosse Pointe

County/Region

Wayne

MLS | Web ID

50183735

Features
General
Heating Forced Air
Cooling Central A/C
Possession At Close
Fireplaces LivRoom Fireplace
Garage Detached Garage
Water Public Water
Appliances Dishwasher Dryer Range/Oven Refrigerator Washer
Status Active Active
Full Baths 2
Half Baths 0
Bathrooms 2
Year Built 1942
Parking Garage
Subdivision The C Neff Estate Sub MI
Style Colonial
County Wayne
Class MULTIFAMILY
Type Multi-Family
Ownership Private
Municipality Grosse Pointe
Sale/Rent For Sale
Status Detail 0
Structure Style 2 Story
Area Grosse Pointe (82335)
Primary City Grosse Pointe
Virtual Tour https://www.fullscreenphotos.com/aca7f
Directions N. of Cadieux. E. off St. Paul.
City Grosse Pointe
School District Grosse Pointe Public Schools
Financial Terms Cash Conventional
Legal Description CYJ15A SLY 59.02 Ft of Lot 15 Also ADJ VAC Alley The C Neff Estate Sub 344 L15 P23 WCR K 68.55
DOM 112
Postal Code 48230
Price Per Sq Ft Total AG 188.49
Public Remarks Welcome to this prime two-family investment property offering exceptional income potential in a desirable neighborhood. Each spacious unit features two bedrooms full bath living room with fireplace
See more
Exterior
Exterior Brick
Frontage 59
Lot Size Area 0.21
Lot Dimensions 59 x 155
Waterfront Y/N No
See more
Interior
Beds 4
Fireplace? Yes
Total Number of Units 2
Bath Descriptions First Flr Bath Lav/Half Second Flr Bath Lav/Half
Dining/Kitchen Formal Dining Room
Fuel Type Natural Gas
See more
* Excluded Features
List By
Beline Obeid

Listing Agent

Beline Obeid Realty

Broker

beline@beline.com

Email

Affordability Calculator

$3,579
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,901
Monthly Property Taxes
$678
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
759686 Elementary School
759732 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$465,000 Listed Price

Map


See all

497 Neff Road, Grosse Pointe, MI, 48230 is a Multi-Family Home for sale at $465,000 with 2,467 sqft and a lot size of 0.21. 497 Neff Road has 4 bedrooms, 2.0 baths, and was built in 1942. The property's zip code is 48230 which is in Grosse Pointe, MI