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515 Neff Road

Grosse Pointe, Michigan 48230

$1,295,000

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Overview

Bed

6.5

Bath

6,958

Sqft

0.34

Acre(Lot)

Description

Exceptional opportunity to acquire four fully updated residential units offered together as one investment property in the heart of highly sought-after Grosse Pointe City. Consisting of four separate residences located at 515, 517, 521, and 523 Neff Road, this unique multi-family offering provides a rare combination of turnkey condition, flexible ownership options, and an unbeatable walkable location. The property includes two distinct building styles. Units 515 and 517 are upper and lower flats, each offering 2 bedrooms, 1 full bathroom, spacious living and dining rooms, eat-in kitchens, balcony/porch space, separate laundry and storage areas in the shared basement, and access to a shared garage. Units 521 and 523 are side-by-side townhomes featuring living rooms with fireplaces, dining rooms, eat-in kitchens with coffee/bar nook areas, and half baths on the main level, along with 4 bedrooms (2 with walkout balcony porches) and 2 full bathrooms upstairs. The spacious bonus room on the second floor offers exceptional flexibility and can serve as a fourth bedroom, family room, playroom, home office, or additional living space. Each townhome includes a private basement and attached one-car garage. Together, the property offers two 2-bedroom, 1-bath flats and two 4-bedroom, 2.5-bath townhomes, creating a desirable mix of rental opportunities. All four residences have been extensively refreshed and are truly move-in ready with fresh paint throughout, updated lighting, new carpeting in carpeted areas, numerous new appliances, and brand-new windows and sliding doors throughout. This rare turnkey four-unit income property offers tremendous flexibility for investors seeking a fully leased or market-rent opportunity, as well as owner-occupants looking to take advantage of a potential principal residence tax exemption while generating income from the remaining units and enjoying the convenience of on-site management. Few opportunities exist to acquire four updated units in such a premier location. Situated just one

Property Details

Property Type : Multifamily

Price : $1,295,000

AD Id : 83737474

MLS Id : 58050211102

Lot Size : 0.34 Acre

Living Area Size : 6,958

Year Built : 1953

Garage : Assigned,Garage,Paved

County : Wayne

Subdivision: The C Neff Estates Sub

Map

Features

Bathroom Information

Total Baths: 6.5 Full Baths: 6 Half Baths: 2
Interior Features

Other Basement Description: Partially Finished Fireplace: Yes
Heating & Cooling

Cooling: Ceiling Fan(s),Central Air Heating: Forced Air,Separate Meters Heating Fuel: Natural Gas

Water Heater

Natural Gas

Building Information

Year Built: 1953 Building Stories: 2 Story Total Units: 4 Foundation/Basement: Basement
Utility Features

Sewer: Sewer (Sewer-Sanitary),Sewer at Street
Water

Water at Street Water Heat: Natural Gas

Lot Information

Lot Size: 0.34 Lot Dimensions: 95X156
Property Information

SQ ft: 6958 Subdivision: The C Neff Estates Sub Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,295,000
Listing Information

Possession: At Close Legal Description: CYJ17A LOT 17 EXCEPT THE NLY PART THEREOF MEASURING 14.33 FT ON THE WLY LINE AND 14.63 FT ON THE ELY LINE OF SAID LOT ALSO ADJ VAC ALLEY THE C NEFF ESTATE SUB PC 344 L15 P23 WCR K 109.75

Tax Information

Annual Tax: $15,936 Parcel Number: 37002030017001
Possession

At Close
Legal Information

Legal Description: Section: CYJ17A LOT 17 EXCEPT THE NLY PART THEREOF MEASURING 14.33 FT ON THE WLY LINE AND 14.63 FT ON THE ELY LINE OF SAID LOT ALSO ADJ VAC ALLEY THE C NEFF ESTATE SUB PC 344 L15 P23 WCR K 109.75

Virtual Tour

Virtual Tour (External Link)
Multi-Unit Information

Road Frontage: Pub. Sidewalk

School Information

School District: Grosse Pointe
Fire Place Information

Fire Place: Yes
Utility Information

Water: Water at Street Sewer: Sewer (Sewer-Sanitary),Sewer at Street

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
620 Neff Road , Grosse Pointe, MI, 48230	$649,000	5	3	3,400	3,400 SqFt
296-298 Rivard Boulevard , Grosse Pointe, MI, 48230	$400,000	--	2	2,196	2,196 SqFt
451 Saint Clair Avenue , Grosse Pointe, MI, 48230	$414,000	--	2.5	2,154	2,154 SqFt
516 Neff Lane Lane , Grosse Pointe, MI, 48230	$3,995,000	40	20	16,080	16,080 SqFt
943 Harcourt Road , Grosse Pointe, MI, 48230	$615,000	--	3.5	4,666	4,666 SqFt
1123 Wayburn Street , Grosse Pointe, MI, 48230	$375,000	4	2	2,052	2,052 SqFt

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Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/14/2026 @ 03:17

MLS: 58050211102 LISTED BY: Charlene Williams , Sine & Monaghan LLC 313-884-7000 SOURCE: Realcomp II Ltd