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    Alma, MI Apartment Buildings for Sale

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    Saint Louis, MI Ithaca, MI Elwell, MI
    Turnkey Investment: Leased Apartment Building
    $899,000
    10,320 SF
    Turnkey Investment: Leased Apartment Building

    421 N State Street, Alma, MI 48801

    Fully leased 8-unit apartment building with strong rental income.
    • Fully Leased 8‑Unit Building Generating Over $67,000 Annual Revenue
    • Turnkey Investment with Proven Track Record and No Vacancy Since 2015 Remodel
    • Prime, Desirable Location with High Rental Demand and Waiting List
    • Six 2‑Bedroom Units and Two 1‑Bedroom Units with Modern Finishes
    • Updated Kitchens, Bathrooms, and Living Spaces for Low‑Maintenance Living
    Updated: Sep 5, 2024
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    Alma Investment Opportunity: Multi-Unit Potential
    $138,000
    0.32 Acres
    Alma Investment Opportunity: Multi-Unit Potential

    318 Woodworth Avenue, Alma, MI 48801

    3-4 unit property in Alma, MI, ready for renovation.
    • Prime investment opportunity in Alma, MI, a promising rental market.
    • Blank canvas property, completely gutted and ready for renovation, offering creative freedom.
    • Potential for 3‑4 rental units, allowing for flexible design and income potential.
    • Convenient location near Alma College, downtown, parks, and schools.
    • All major demolition work is complete, streamlining the renovation process.
    Updated: Sep 5, 2024
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    Mixed-Use Property with Income Potential
    $375,000
    23,443 SF
    Mixed-Use Property with Income Potential

    3.45-acre mixed-use property with residential and commercial income.

    5705 N State Road, Alma, MI 48801

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    Turnkey 8-Unit Apartment Building
    $899,000
    10,320 SF
    Turnkey 8-Unit Apartment Building

    Fully leased, remodeled 8-unit apartment building generating over $67,000 annually.

    421 N State Street, Alma, MI 48801

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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 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.

    Fully Occupied Investment Property
    $375,000
    Fully Occupied Investment Property

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

    501 S University, Mount Pleasant, MI 48858

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    Licensed Rental Property For Sale
    $245,000
    0.12 Acres
    Licensed Rental Property For Sale

    8 bedroom, 3 bath licensed rental property.

    1020 S Lansing St, Mount Pleasant, MI 48858

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    Mt Pleasant Condo Near CMU
    $85,000
    1,554 SF
    Mt Pleasant Condo Near CMU

    Five-bedroom condo near CMU with multifamily license for five.

    1825 A8 S Crawford Road, Mt Pleasant, MI 48858

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    Mt Pleasant Condo Near CMU
    $85,000
    1,552 SF
    Mt Pleasant Condo Near CMU

    5-bedroom, 2.5-bath condo near CMU with rental history.

    1825 D7 S Crawford Road, Mt Pleasant, MI 48858

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    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
    $650,000
    3.70 Acres
    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

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    La Plata Land For Sale
    $250,000
    0.23 Acres
    La Plata Land For Sale

    0.23 acre parcel in La Plata, zoned CB.

    107 HOWARD Street, La Plata, MD 20646

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    Asheville Development Opportunity: 5.94 Acres
    $2,500,000
    5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806

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    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF
    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226

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    Alma, MI Apartment Buildings Investment Opportunities Market Analysis

    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 44,083 square feet of properties for sale, with an estimated market value of $2,173,000.

    Sale prices for two-family homes in Alma, MI start at $375,000, averaging $724,333, 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 median 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%

    Total CRE Area on Market Trend

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