Advertise
    Alma, MI
    Apartment Building

    Alma, MI Apartment Buildings for Sale

    Notify Me
    List
    Map
    Saint Louis, MI Ithaca, MI Elwell, MI Elm Hall, MI Riverdale, MI Breckenridge, MI Shepherd, MI Wheeler, MI
    Remodeled 8-Unit Apartment Building
    Updated: Sep 5, 2024
    Remodeled 8-Unit Apartment Building

    421 N State Street, Alma, MI 48801

    $899,000
    10,320 sqft 0.23 AC lot
    Fully leased 8‑unit apartment building generating over $67,000 in annual revenue
    Unit mix includes six 2‑bedroom units and two 1‑bedroom units
    Remodeled in 2015 and reported to have had no vacancy since reopening
    Off‑street assigned parking available and on‑site laundry
    Frame construction with brick exterior and asphalt roofing
    View details
    Mixed-Use Property with Storefront
    Updated: May 13, 2024
    Mixed-Use Property with Storefront

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft 3.45 AC lot
    3.45‑acre mixed‑use property with four fully rented apartment units and a fifth unit nearing completion
    Commercial building includes store frontage and office space; dog grooming business rents the space on a month‑to‑month basis
    Special‑purpose 80x40 barn built in 2011
    Newer 400‑ft, 5‑inch private well on the property
    Additional 40x80 pole building for future business expansion or storage
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Road, Mt Pleasant, MI 48858

    $524,900
    5,600 sqft 1.50 AC lot

    Well-maintained 7-unit building with updated interiors, including four two-bedroom and three one-bedroom apartments.

    View details
    Licensed Rental Property For Sale
    Licensed Rental Property For Sale

    1020 S Lansing St, Mount Pleasant, MI 48858

    $245,000
    0.12 AC lot

    8 bedroom, 3 bath licensed rental property.

    View details
    Fully Occupied Investment Property
    Fully Occupied Investment Property

    501 S University, Mount Pleasant, MI 48858

    $359,900

    Five-unit multifamily property with long-term tenants and stable cash flow.

    View details
    Licensed Multifamily Condo
    Licensed Multifamily Condo

    1825 A8 S Crawford Road, Mt Pleasant, MI 48858

    $85,000
    1,554 sqft

    Condo with a 5-person multifamily license, offering 5 bedrooms and 2.5 baths with outside maintenance included via dues.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details

    Alma, MI Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Alma, MI on our real estate platform. These investment opportunities span a total of 33,763 square feet of properties for sale, with an estimated market value of $1,274,000.

    Sale prices for two-family homes in Alma, MI start at $375,000, averaging $637,000, and reaching up to $899,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Demographics Overview

    Population 13K
    Population Growth (5Y) +5.6%
    Median Household Income $57,449
    College Educated 19.2%

    High-Yield Neighborhoods for Investment

    Identify Alma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48801 $577.8K

    Taxes & Financing

    Tax Rate (average for all types) 4.53%
    Tax Rate vs County Average 0.57 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Gratiot County

    New Delisted

    Total CRE Inventory on Market (SF)

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Alma, MI

    Popular Categories

    Most Searched ZIP Codes in Alma, MI

    • 48801

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!