497 Neff Rd Grosse Pointe, MI 48230
Property details
About 497 Neff Rd
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.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Dryer, Range, Oven, Refrigerator, Washer
- Basement: Yes
- Fireplace: LivRoom Fireplace
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Garage
- Architectural Style: Colonial
- Heating: Forced Air
- Cooling: Central Air
- List Price: $465,000
- Price/SqFt: $188
- Annual Tax Amount: $7,760
- Tax Year: 2024
- Directions: N. of Cadieux. E. off St. Paul.
- Year Built: 1942
- Stories: 2
- Living Area: 2,467 SqFt
- School District: Grosse Pointe Public Schools
- Lot Size: 0.21 Acres
- MLS Number: 50183735
- MLS Name: MiRealSource
- Office Name: Beline Obeid Realty
- Office Phone: (313) 343-0100
- Office Email: beline@beline.com
- Listing Agent: Beline Obeid
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/4/2025, 5:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $213,200 | $7,760 |
| 2023 | $207,000 | $7,145 |
| 2022 | $189,200 | $7,145 |
| 2021 | $176,800 | $7,091 |
History based on county public records data.
Nearby schools
6
George Defer Elementary School
Public District KG-5
1.3 mi
•15425 Kercheval Ave
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
2.5 mi
•9740 McKinney St
4
John Monteith Elementary School
Public District KG-5
2.6 mi
•1275 Cook Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $69,932. Most Grosse Pointe, MI residents have annual incomes between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Live Theatre
Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Crate & Barrel
Where do the neighbors go to eat?
Boston Market
The Cheesecake Factory
Starbucks
What do the neighbors drive?
Mercedes
Volvo
Audi
What do the neighbors listen to?
News
Alternative- Rhythmic Contemporary Hits
Frequently asked questions
About 497 Neff Rd
The listing price of 497 Neff Rd property is $465,000.
The property 497 Neff Rd is a multi located in Grosse Pointe, Michigan, 48230.
Active Listing: 497 Neff Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 497 Neff Rd are: George Defer Elementary School (GreatSchools Rating 6/10), Marvin L Winans Academy Elementary School (GreatSchools Rating 1/10), John Monteith Elementary School (GreatSchools Rating 4/10), Pierce Middle School (GreatSchools Rating 9/10), Brownell Middle School (GreatSchools Rating 9/10), J E Clark Preparatory Academy (GreatSchools Rating 1/10), Grosse Pointe South High School (GreatSchools Rating 10/10), East English Village Preparatory Academy at Finney (GreatSchools Rating 1/10), Davis Aerospace Technical High School at Golightly (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $7,760 (source: MLS/based on county public records data).
The property 497 Neff Rd is 2,467 SqFt (source: MLS/tax record).
The year of construction for 497 Neff Rd is 1942.
This home is located at 497 Neff Rd in Grosse Pointe, MI and zip code 48230. This 2,467 square foot home, which was built in 1942, sits on a 0.21 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 1, 2025 and is currently priced at $465,000.
In July 2025, from all listings sold in Grosse Pointe, MI there were more than 4 sold above asking price, over 2 sold below and more than 4 were sold right at the asked price. In July 2025 in Grosse Pointe, MI there were 3.4% less homes for sale than in June. In July 2025 median list price was $538,000 and the average listing age was 21 days.