497 Neff Rd Grosse Pointe, MI 48230
Estimated payment $3,156/month
Highlights
- Colonial Architecture
- Community Spa
- 3 Car Detached Garage
- Lewis Maire Elementary School Rated A
- Tennis Courts
- Park
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1942
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 59 x 155
Parking
- 3 Car Detached Garage
Home Design
- Colonial Architecture
- Brick Exterior Construction
Interior Spaces
- 2-Story Property
- Living Room with Fireplace
- Basement
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 37 002 03 0015 001
Community Details
Overview
- 2 Units
- The C Neff Estate Sub Subdivision
Recreation
- Tennis Courts
- Community Playground
- Community Spa
- Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,233 | $220,600 | $0 | $0 |
| 2024 | $4,233 | $213,200 | $0 | $0 |
| 2023 | $4,037 | $207,000 | $0 | $0 |
| 2022 | $7,400 | $189,200 | $0 | $0 |
| 2021 | $7,204 | $176,800 | $0 | $0 |
| 2019 | $7,091 | $149,300 | $0 | $0 |
| 2018 | $3,504 | $130,500 | $0 | $0 |
| 2017 | $6,087 | $129,000 | $0 | $0 |
| 2016 | $6,421 | $122,600 | $0 | $0 |
| 2015 | $11,290 | $112,900 | $0 | $0 |
| 2013 | $11,032 | $117,800 | $0 | $0 |
| 2012 | -- | $109,600 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $465,000 | -- | $188 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Metropolitan Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $198,750 | New Conventional | |
| Previous Owner | $28,280 | Unknown | |
| Previous Owner | $251,720 | Unknown | |
| Previous Owner | $285,000 | Fannie Mae Freddie Mac |
Source: Michigan Multiple Listing Service
MLS Number: 50183735
APN: 37-002-03-0015-001
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Source MLS: MiRealSource
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