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

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

Monthly Estimate*

$ 2,901

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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.

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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

58050183735

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas SeparateMeters
Cooling CentralAir
Possession AtClose
Appliances Dishwasher Dryer Oven Refrigerator Range Washer
Garage Spaces 3.0
Architectural Style Colonial
Pool Features Community
Construction Materials Brick
Year Built 1942
Levels Two
Property Subtype MultiFamily
Tax Year 2024
Community Features Park Playground TennisCourts
County Wayne
New Construction N
Property Type ResidentialIncome
Association Amenities Park Playground Pool
HOA N
Attached Garage N
Subdivision Name THE C NEFF ESTATE SUB
Garage Y/N N
Full Baths 2
Status Active
City GrossePointeCity_Wayne
Disclosures TaxesNotHomesteadExempt
Senior Community Y/N N
High School District GrossePointe
Number Of Units Total 2
MLS Area Area05064GrossePointe
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 8135.79
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
Virtual Tour https://www.fullscreenphotos.com/aca7f
Standard Status Active
Tax Assessed Value 128365
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
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Exterior
Parking Features ThreeCarGarage Detached Garage
Water Source Public
Foundation Details Basement
Spa N
Lot Dimensions 59 x 155
Lot Size Acres 0.21
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Fireplace Features LivingRoom
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 2467.0
Total Bedrooms 4
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type SquareFeet
Total Baths 2
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Internal Only
Street Number 1 497
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* Excluded Features
List By
Beline Obeid

Listing Agent

Beline Obeid Realty

Broker

(313) 343-0100

Phone

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.
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Nearby
4909218 Elementary School
4909512 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/1/2025$465,000 Listed Price

Map


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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