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For sale
  • $465,000

    497 Neff Rd, Grosse Pointe, MI 48230

    4beds
    2,467sqft
    : 
    Multi Family
    Built in 1942
    -- sqft lot
    $463,800 Zestimate®
    $188/sqft
    $-- HOA

    What's special

    Large backyardOpen basementOff-street parkingThree car garageSpacious unitFormal dining room
    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.
    159 days
    |
    1,826
    |
    84
    |

    Zillow last checked: 8 hours ago

    Listing updated: January 05, 2026 at 06:56am

    Listed by:

    Beline Obeid 313-343-0100,

    Beline Obeid Realty 313-343-0100

    Source: MiRealSource,MLS#: 50183735MLS LogoOriginating MLS: MiRealSource

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Bedroom 1
    • Features: No
    Bathroom
    • Features: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
    Dining room
    • Features: Formal Dining Room
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
    Features
    • Has basement: Yes
    • Number of fireplaces: 2
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,467
    • Total interior livable area: 2,467 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage, Detached
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Pool features: Community
    • Spa features: Community
    • Frontage length: 59
    Lot
    • Size: 9,147.6 Square Feet
    • Dimensions: 59 x 155
    Details
    • Parcel number: 37 002 03 0015 001
    • Special conditions: Private

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial
    • Property subtype: Multi Family
    Materials
    • Brick
    • Foundation: Basement
    Condition
    • Year built: 1942

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sanitary
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Playground, Tennis Court(s)
    • Subdivision: The C Neff Estate Sub
    Location
    • Region: Grosse Pointe

    Financial & listing details

    • Price per square foot: $188/sqft
    • Tax assessed value: $213,200
    • Annual tax amount: $8,135
    • Date on market: 8/1/2025
    • Cumulative days on market: 147 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Total actual rent: 3650
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    Estimated market value

    $463,800

    $441,000 - $487,000

    $3,180/mo

    Price history

    Price history
    DateEventPrice
    10/21/2025Listed for sale$465,000$188/sqft
    Source: MiRealSource #50183735 Report a problem
    10/9/2025Pending sale$465,000$188/sqft
    Source: MiRealSource #50183735 Report a problem
    8/1/2025Listed for sale$465,000+55%$188/sqft
    Source: MiRealSource #50183735 Report a problem
    11/18/2005Sold$300,000+27.7%$122/sqft
    Source: MiRealSource #19626 Report a problem
    4/28/1999Sold$235,000$95/sqft
    Source: MiRealSource #10742 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025-- $213,200 +3%
    2024-- $207,000 +9.4%
    2023-- $189,200 +7%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $3,132/mo
    Principal & interest
    $2260
    Property taxes
    $709
    Home insurance
    $163

      Climate risks

      Neighborhood: 48230

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • District: Grosse Pointe Public Schools

      Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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