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497 Neff, 
Grosse Pointe, MI 48230

$465,000


4

Beds


2

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Beline Obeid

Beline Obeid Realty

313-343-0100

Last updated:

September 12, 2025, 04:00 PM

MLS#

50183735

Source:

MI REALSOURCE

About This Home

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. 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.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1942

Price Summary

465,000

MLS #:

50183735

Last Updated:

September 12, 2025, 04:00 PM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1942


Lot

Lot Size (Sq. Ft):

9,147


Finances & Disclosures

Finances

Price:

$465,000

Source:MI REALSOURCE
The information being provided by MiRealSource, Inc. is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 MiRealSource, Inc. All rights reserved.

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