516 Neff Ln, Grosse Pointe, MI 48230
PENDING
0.97 ACRES

516 Neff Ln
Grosse Pointe, MI 48230

  • 40 Beds
  • 20 Baths
  • 16,080 sqft (on 0.97 acres)

$3,995,000

Est. Mortgage $26,557/mo*
Get Pre-Qualified

$3,995,000

Est. Mortgage $26,557/mo*
Get Pre-Qualified
40 Beds
20 Baths
16,080 sqft
(on 0.97 acres)

Home Highlights

Parking
Carport
Climate Control
Heating & Cooling
Price/Sqft
$248
Listed
176 days ago

Local Information

  • Map ViewExplore the area around 516 Neff Ln.
  • Schools2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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 in a premier residential setting near the waterfront, top-rated schools, retail, dining, and major employment corridors, the property benefits from consistent tenant demand and long-term market stability. Grosse Pointe’s limited multifamily inventory and strong demographic profile create a compelling environment for sustained rental growth and asset appreciation.

With in-place income, professional management history, and clear value-add potential, this offering is ideal for investors seeking a stabilized asset with both immediate yield and long-term upside in a premier suburban market.

Home Details for 516 Neff Ln

Interior Features

Interior Details
Basement: Full,Unfinished
Beds & Baths
Number of Bedrooms: 40Number of Bathrooms: 20Number of Bathrooms (full): 20
Dimensions and Layout
Living Area: 16080 Square Feet
Appliances & Utilities
Utilities: Above Ground UtilitiesLaundry: Laundry Room
Heating & Cooling
Heating: Forced Air,Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Windows, Doors, Floors & Walls
Window: Egress Windows
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Accessible Entrance
Security
Security: Carbon Monoxide Detectors, Firewalls, Smoke Detectors

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Balcony, LightingFoundation: Basement, Block
Parking & Garage
Has a CarportNo GarageNo Attached GarageParking Spaces: 22Parking: Assigned,Carport
Pool
Pool: None
Frontage
Road Frontage: Cul De Sac, PavedNot on Waterfront
Water & Sewer
Sewer: Public SewerWater Body: Lake st.Clair
Finished Area
Finished Area (above surface): 16080 Square Feet

Days on Market

Cumulative Days on Market: 161Days on Market: 176

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Upper Lower Apartment
Building
Construction Materials: BrickNot a New Construction
Property Information
Parcel Number: 37004990009000

Price & Status

Price
List Price: $3,995,000Price Per Sqft: $248
Status Change & Dates
Off Market Date: Tue Jun 30 2026Possession Timing: At Close

Active Status

MLS Status: Pending

Location

Direction & Address
City: Grosse Pointe
School Information
High School District: Grosse Pointe

Agent Information

Listing Agent
Listing ID: 20261004006

Community

Not Senior Community

Lot Information

Lot Area: 0.97 acres

Listing Info

Special Conditions: Short Sale No, Standard

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional

Rental Terms, Policies & Fees

Rent Includes: Maintenance On Site, Snow Removal, Trash Collection, Water, Yard Maintenance

Miscellaneous

BasementMls Number: 20261004006Above Grade Unfinished Area: 16080Activation Date: Tue Jan 20 2026Showing Requirements: AppointmentOnly

Additional Information

Source Internet Entire Listing Display
Last check for updates: about 2 hours ago
Listing courtesy of Mackenzie Laforest, (734) 210-3789
Pinnacle Plus Realty LLC
Source: Realcomp II, MLS#20261004006
Also Listed on Realcomp II.

Market trends in Grosse Pointe

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
32
1MoM

Price History for 516 Neff Ln

DatePriceEventSource
07/02/2026$3,995,000PendingRealcomp II #20261004006
01/20/2026$3,995,000Listed For SaleRealcomp II #20261004006
07/11/2023ListingRemovedRealcomp II #20230025255
04/06/2023$4,400,000Listed For SaleRealcomp II #20230025255
05/03/2022$2,675,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax
Assessment$732,500
Home facts updated by county records

Comparable Sales for 516 Neff Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
515 Neff Rd, Grosse Pointe, MI
0.04
Multi-Family Home
$1,310,000
07/07/26
12
7
6,958
535/539 Saint Clair Ave, Grosse Pointe, MI
0.07
Multi-Family Home
$710,000
07/20/26
4
5
3,306
620 Neff Rd, Grosse Pointe, MI
0.24
Multi-Family Home
$645,000
07/01/26
5
3
3,900
513 Saint Clair St, Grosse Pointe, MI
0.09
Multi-Family Home
$505,000
06/22/26
4
3
2,660
451 Saint Clair St, Grosse Pointe, MI
0.16
Multi-Family Home
$414,000
07/16/26
4
2.5
2,154
392 Neff Rd, Grosse Pointe, MI
0.22
Multi-Family Home
$492,000
10/20/25
4
2
2,308
674 Neff Rd, Grosse Pointe, MI
0.32
Multi-Family Home
$480,000
01/23/26
5
3
3,000
710 Neff Rd, Grosse Pointe, MI
0.39
Multi-Family Home
$435,000
11/20/25
4
2
2,526
814 Harcourt Rd, Grosse Pointe, MI
1.05
Multi-Family Home
$635,000
05/12/26
6
5
3,490

Nearby homes

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Assigned Schools

These are the assigned schools for 516 Neff Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Grosse Pointe

At least 28 Trulia users voted on each feature.

  • 100 % Say there are sidewalks

  • 97 % Say it's dog friendly

  • 97 % Say it's walkable to grocery stores

  • 97 % Say it's walkable to restaurants

  • 97 % Say kids play outside

  • 93 % Say streets are well-lit

  • 93 % Say yards are well-kept

  • 86 % Say car is needed

  • 86 % Say people would walk alone at night

  • 84 % Say parking is easy

  • 83 % Say there's holiday spirit

  • 81 % Say neighbors are friendly

  • 78 % Say they plan to stay for at least 5 years

  • 74 % Say it's quiet

  • 71 % Say there are community events

  • 28 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Teviny2k
    "Great pace to live and the services are great. They do everything from garbage to leaves. The restaurants are excellent. "
    0
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  • Teviny2k
    "This neighborhood offers the best of both worlds: a close-knit, welcoming community with the charm of a small town, paired with the convenience and energy of a big city. Tree-lined streets, friendly neighbors, and a strong sense of belonging make it feel like home from the moment you arrive. Despite its modest size, the area is rich with amenities—local shops, parks, schools, and cultural spots that rival those found in much larger urban centers."
    0
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  • Sheena B.
    "Really nice houses! Great private parks and outdoor activities, close to downtown Detroit and family oriented "
    1
    Flag
  • Amirrezalatif
    "My neighborhood is safe and quite beautiful. All houses are well maintained and lawns are spectacular "
    1
    Flag
  • Jackie B.
    "Wonderful waterfront park system with pools, summer sports and camps for kids and families. Incredible top ranked public schools"
    0
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  • David s
    "Safe neighborhood. Shopping is convenient. Family neighborhood. Lacks hardware store and a fair priced gas station. "
    0
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  • Arun Sivan
    "I commute to Dearborn for work. It's not bad. I take side streets to i75 to I 96 and then to i94. taking I94 directly is not for me. Too much stop n go traffic till you get past i75 interchange. Driving to Detroit is easy, I just take Jefferson Avenue all the way. "
    0
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  • M.cimini
    "It is a welcoming and family oriented place. There are a lot of amenities close by, and a sense of community"
    0
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  • Marcoamaceri
    "Fantastic community with a rich history, geographically close to downtown Detroit while still having a decidedly small town feeling to it. Great schools, public parks, shopping, dining, mature trees, architectural character, and access to Lake St. Clair. Best of all, however, are the people. "
    0
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  • Plwenzler
    "Sidewalks and a lot of dog walkers. People pick up the dogs droppings There are occasional boxes dispensing pick up bags for use on a walk. Beautiful neighborhood "
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  • Lduvaldonofrio
    "schools are great, parks are great, lots of kids in the neighborhoods, nice neighbors. lots to walk to!"
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  • Lduvaldonofrio
    "it's a nice place for families especially with young kids. nice parks and schools. it's also walkable. "
    1
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  • Sjcauvel
    "All Grosse Pointes have their own parks on the lake with swimming pools and picnic areas. It’s included in your taxes. "
    0
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  • M c.
    "I lived in this neighborhood my whole life. Would never move away. Live to raise my children here as well. Great school system "
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  • coconnor
    " I can walk to everything I need or want. Four houses from Maire School. Close to groceries, salons, clothing stores, doctors and medical facilities, dentists, Neighborhood Club, parks and recreation. 10 minutes from downtown Detroit. Excellent public safety with a police response in under a minute. Perfect neighborhood for young families."
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  • ebarr1212
    "I grew up in GPShores, moved away after getting married and returned (now to GPCity) before my oldest started kindergarten. I loved the Shores, but the City is even better. I love Maire Elem. I love being in walking distance to both the Hill and the Village. The "South-end" is just awesome (even from a North alum). "
    1
    Flag
  • Dex B.
    "EXCELLENT AREA! Made famous in Grosse Pointe Blank and Gran Torino. Yacht clubs, hunt clubs, golf clubs......a great place to live and raise your family and black labrador!!"
    0
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LGBTQ Local Legal Protections

Mackenzie Laforest, Pinnacle Plus Realty LLC
Agent Phone: (734) 210-3789
IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2026 Realcomp II Ltd. Shareholders 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated as recently as 2026-07-24 12:34:35 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR®- Lauren Buttazzoni - (313) 479-2702
516 Neff Ln, Grosse Pointe, MI 48230 is a 40 bedroom, 20 bathroom, 16,080 sqft multi-family built in 1972. This property is currently available for sale and was listed by Realcomp II on Jan 20, 2026. The MLS # for this home is MLS# 20261004006.