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    Alma, MI
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    Alma, MI Apartment Buildings for Sale

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    Multifamily Property with Covered Deck
    Updated: Jul 30
    Multifamily Property with Covered Deck

    430 Bridge Avenue, Alma, MI 48801

    $305,000
    4,288 sqft 0.32 AC lot
    0.32‑acre lot with large concrete driveway and RV parking
    Main home: 4 bedrooms, 2 bathrooms, two full kitchens, first‑floor laundry
    1,021 SF basement for storage
    Newer 1,176 SF apartment: 2 beds, 2 baths, large covered deck
    Two single‑room studio units plus 13 x 38 storage/workshop
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    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
    8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units
    10,320 square feet on 0.23 acres
    Complete remodel completed in 2015
    Fully leased with no vacancy reported since reopening
    Updated kitchens, bathrooms, and living areas
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    Mixed-Use Property with Outbuildings
    Mixed-Use Property with Outbuildings

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft 3.45 AC lot

    Combined residential and commercial property with apartment units, storefront space, office areas, and multiple accessory buildings.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Turnkey 8-Unit Apartment Building
    Turnkey 8-Unit Apartment Building

    421 N State St, Alma, MI 48801

    $899,000
    0.23 AC lot

    Fully leased, remodeled 8-unit apartment building with steady income.

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    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

    $499,900
    5,600 sqft 1.50 AC lot

    Updated kitchens, bathrooms, flooring, and neutral finishes serve a balanced apartment unit mix.

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    Updated 7-Unit Apartment Building
    Updated 7-Unit Apartment Building

    3477-3467 S Summerton Rd, Mt Pleasant, MI 48858

    $499,900
    5,600 sqft

    Apartments feature updated kitchens, neutral finishes, and contemporary bathrooms.

    View details
    7-Unit Apartment Building
    7-Unit Apartment Building

    3467 S Summerton Rd, Mount Pleasant, MI 48858

    $499,900
    900 sqft

    Updated apartments offer a balanced mix of one- and two-bedroom floor plans with contemporary interior finishes.

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    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.

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    Alma, MI Apartment Buildings Market Trends and Statistics

    Explore 4 apartment buildings for sale in Alma, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 38,051 square feet of properties for sale, with an estimated market value of $2,478,000.

    Sale prices for two-family homes in Alma, MI start at $305,000, averaging $619,500, 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.

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    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 $701K

    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%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Gratiot County

    Residential Income

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