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$465,000
1 Day On Site

497 Neff Road
Grosse Pointe City, MI 48230

For Sale|Multi Family|Active
4
Beds
2
Total Baths
2
Full Baths
2,467
SqFt
$188
/SqFt
1942
Built
Subdivision:
THE C NEFF ESTATE SUB
County:
Wayne
Call Now: (947) 261-1945
Is this the listing for you? We can help make it yours.
(947) 261-1945
497 Neff Road497 Neff Road497 Neff Road497 Neff Road
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Monthly Payment (Est.)

$2,122
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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. 2nd floor is currently leased at $1,800/month, first floor is vacant, but has been leased previously for $1,700/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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Listing Snapshot
Price 
$465,000
Days On Site 
1 Day
Bedrooms 
4
Inside Area (SqFt) 
2,467 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
0.21 Acres
Year Built 
1942
MLS® Number 
58050183735
Status 
Active
Property Tax 
$8,135.79
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.21
Cross Street 
Cadieux / St. Paul
Disclosures 
Taxes Not Homestead Exempt
Garage 
Yes
Garage Spaces 
3
Parking 
DetachedGarage
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Above 
2467
Stories 
Two
Style 
Colonial
Water Source 
Public
Interior Features
Appliances 
DishwasherDryerOvenRefrigeratorRangeWasher
Cooling 
Central Air
Fireplace 
Yes
Fireplace Features 
Living Room
Heating 
Forced AirNatural GasSeparate Meters
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Exterior Features
Construction Details 
Brick
Pool Features 
Community
Community Features
Association Amenities 
ParkPlaygroundPool
Community Features 
PoolParkPlaygroundTennis Court(s)
Financing Terms Available 
CashConventional
MLS Area 
Area05064GrossePointe
School District 
GrossePointe
Schools
School District
GrossePointe
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Beline Obeid Realty: 3133430100

realcomp

IDX provided courtesy of Realcomp II Ltd. via MiRealSource. Copyright © 2025 Realcomp II Ltd. Shareholders.

IDX information is provided exclusively 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 and that the data is deemed reliable but not guaranteed accurate by the MLS.

Neighborhood & Commute
Source: Walkscore
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