- 0
- 7
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
Street View
$3,995,000
Monthly Est:$19,885
-- Bed
20 Baths20 full baths
16,080sqft
516 Neff Ln, Grosse Pointe, MI 48230
$3,995,000
$19,885/moEst:
Get Pre-Approved
Multi Family
Built in 1972
$-- HOA
0.97 acre lot
$248/sq.ft
Description
Exceptional opportunity to acquire a well-located 20-unit multifamily asset in the heart of Grosse Pointe, one of Metro Detroit’s most desirable and supply-constrained rental markets. This stabilized community offers immediate cash flow with significant upside through continued rent growth and value-add execution.
The property features a strong unit mix with spacious floor plans, well-maintained interiors, and a history of high occupancy. Current ownership has completed substantial capital improvements in recent years, including renovations to a portion of the units, allowing a new owner to continue implementing a proven renovation and rent-increase strategy.
Situated i...
- Houzeo last checked: 3 hours ago
- Listing updated: July 7, 2026 at 4:01 am
- Listing Provided by: Mackenzie Laforest (734) 210-3789 | Pinnacle Plus Realty LLC (248) 893-7795
- Source: Realcomp MLS-MI | MLS#: 20261004006
- Originating MLS: Realcomp II Ltd
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1972
HOA Fees
-
Finished Area
16,080 sqft
Lot Size
0.97 acre lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
20261004006
MLS Status
Pending
Days on Market
240
Cumulative Days on Market
161
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathrooms: 20
Interior
Cooling
Central Air
Interior Features
Entrance Foyer
Exterior Features
Balcony, Lighting
Sewer
Public Sewer
Window Features
Egress Windows
Heating
Forced Air, Natural Gas
Construction
Year Built
Year Built: 1972
Home type
Multi Family
Construction Materials
Brick
Architectural Style
Upper Lower Apartment
Roof
Asphalt
Foundation Details
Basement, Block
Utilities & Energy
Parking Features
Assigned, Carport
Water Source
Public
Utilities
Above Ground Utilities
Pool Features
None
Security Features
Carbon Monoxide Detectors, Firewalls, Smoke Detectors
Laundry Features
Laundry Room
Basement
Full, Unfinished
Other Features
Disclosures
Actual Income, Annual Property Operating Data Available, Taxes Not Homestead Exempt
Price History
| Date | Event | Price |
|---|---|---|
07/07/2026 Source: | Sold | $1,600 -99.96% $0/sqft |
07/02/2026 Source: | Pending | $3,995,000 $248/sqft |
01/20/2026 Source: | Listed for Sale | $3,995,000 +250370.22% $248/sqft |
05/12/2025 Source: | Sold | $1,595 -0.31% $0/sqft |
05/12/2025 Source: | Price Increased | $1,600 +0.31% $0/sqft |
Show more
Nearby Homes
Find Homes by Property Features in Grosse Pointe, MI
Based on information from the Board/Association of REALTORS® (alternatively, from the Realcomp II Ltd. MLS) through Sep 18, 2026, 10:15AM. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified. IDX provided courtesy of Realcomp II Ltd. via Andover Real Estate & Houzeo, Copyright 2026 Realcomp II Ltd. Shareholders Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listing Information presented by local MLS brokerage: Andover Real Estate, local REALTOR®- Scott Rubin - (248)206-3666 . Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. © 2024 Realcomp II Ltd. MLS. All Rights Reserved.
Advertising Broker: Andover Real Estate | Andover Real Estate
Love this home?
Here's 4 things you can do
Your local real estate expert. Speak directly with agent about the home & pricing.
Book your private tour
as early as Today at 12:30 PM
Rates starting from 6.3%. Secure financing early to move quickly when you're ready.
Fastest way to get your offer in. Speak directly with agent to negotiate the offer.
Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
