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497 Neff
Grosse Pointe MI 48230 US

$465,000

Active Listing ID 50183735
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4 bed
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2.00 Bath (2 Full)
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Lot: 0.21 Acres

$465,000

Active Listing ID 50183735
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497 Neff 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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Property Features

  • Facts
  • Lot Size: 0.21 Acres
  • Property Type: Residential Multi Family
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Exterior Finish: Park, Playground, Pool/Hot Tub, Tennis Courts
  • Heating Fuels: Fireplace(s), Forced Air
  • Additional Features
  • Fireplace

Property

  • propertytype: Residential Multi Family
  • listprice: 465000
  • unparsedaddress: 497 Neff
  • postalcity: Grosse Pointe
  • stateorprovince: MI
  • country: US
  • postalcode: 48230
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.21
  • lotsizeunits: Acres
  • lotsizearea: 0.21
  • livingarea: 2467
  • livingareaunits: Square Feet
  • listagentfullname: Beline Obeid
  • listagentemail: beline@beline.com
  • listagentkey: 3yd-MIREAL-26689
  • listagentmlsid: 26689
  • listagentpreferredphone: 3133430100
  • listagentofficephone: 3133430100
  • listofficekey: 3yd-MIREAL-10087
  • listagentstatelicense: 6502364838
  • listofficemlsid: 10087
  • disclaimer: Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MIREAL
  • yearbuilt: 1942
  • listingcontractdate: 2025-08-01
  • listagenturl: http://www.beline.com
  • countyorparish: Wayne
  • parcelnumber: 37 002 03 0015 001
  • elementaryschooldistrict: Grosse Pointe Public Schools
  • middleorjuniorschooldistrict: Grosse Pointe Public Schools
  • highschooldistrict: Grosse Pointe Public Schools
  • appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • cooling: Central Air
  • constructionmaterials: Brick
  • heating: Fireplace(s), Forced Air
  • numberofunitstotal: 2
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Detached
  • waterfrontyn: False
  • exteriorfeatures: Park, Playground, Pool/Hot Tub, Tennis Courts
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room
  • otherstructures: Tennis Court(s)
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Beline Obeid Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"beline@beline.com", "ListBrokerageCity":"Grosse Pointe Woods", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Beline@Beline.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Beline Obeid Realty", "ListBrokeragePhone":"(313) 343-0100", "ListBrokeragePostalCode":"48236", "ListBrokerageStateOrProvince":"MI", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"19846 Mack Avenue", "ListBrokerageWebsiteUrl":"http://www.Beline.com", "ListOfficeAddress1":"19846 Mack Avenue", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Grosse Pointe Woods", "ListOfficeCountry":"US", "ListOfficeEmail":"beline@beline.com", "ListOfficePostalCode":"48236", "ListOfficeStateOrProvince":"MI", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family, 2 Story - Grosse Pointe, MI", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/497-Neff-Rd_Grosse-Pointe_MI_48230_M37463-08803?f=listhub&s=MIREAL&m=50183735&c=rexren", "MLSModificationTimestamp":"2025-10-22T18:19:59Z", "Neighborhoods":[{"Description":null, "Name":"Grosse Pointe (82335)"}], "PostalCode":null, "RawPropertySubType":"Multi-Family", "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8135.79, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/22/2025 8:02:52 PM GMT
Source Updated Date: 12/7/2025 6:57:29 AM GMT

Courtesy of: Beline Obeid, Beline Obeid Realty, beline@beline.com

Copyright © 2025 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.