Advertise
    Alpena, MI
    Apartment Building

    Alpena, MI Apartment Buildings for Sale

    Notify Me
    List
    Map
    Ossineke, MI Presque Isle, MI Herron, MI Posen, MI Spruce, MI Lachine, MI Hubbard Lake, MI Black River, MI
    Rural Multifamily Apartment Portfolio
    Updated: Apr 11
    Rural Multifamily Apartment Portfolio

    200 Long Rapids Plaza, Alpena, MI 49707

    Contact for pricing
    Seven apartment communities totaling 191 units
    Properties located in Alpena, Lewiston, Mio, and Prescott, Northern Michigan
    Unit counts range from 14 to 44 across the communities
    95.2% physical occupancy and 94.2% economic occupancy
    Four high‑efficiency boilers and a new roof at Hidden Brook Manor
    View details
    130-Unit Apartment Portfolio
    Updated: Apr 11
    130-Unit Apartment Portfolio

    2026 N Bagley St, Alpena, MI 49707

    Contact for pricing
    Three‑property portfolio totaling 130 apartment units
    Thunder Bay Apartments includes 88 units; Pine Brook Apartments includes 32 units; Paradise Acres includes 10 units
    Thunder Bay and Pine Brook are directly next door and share a sidewalk
    Paradise Acres is located 7.2 miles from the neighboring properties
    Portfolio occupancy is 96.2%
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Alpena, 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.

    Mixed-Use Building with Apartments
    Mixed-Use Building with Apartments

    316 S Bullock Street, Whittemore, MI 48770

    $179,900
    4,200 sqft 0.30 AC lot

    Seven year-round studio apartments accompany an equipped bar and restaurant area.

    View details
    17-Unit Lakefront Apartment Building
    17-Unit Lakefront Apartment Building

    104 West Houghton Lake Drive, Prudenville, MI 48651

    $1,250,000
    650 sqft

    Apartment property with private frontage on Houghton Lake’s East Bay and hospitality-oriented zoning.

    View details
    35-Unit Apartment Portfolio
    35-Unit Apartment Portfolio

    114 Devonshire Drive, Prudenville, MI 48651

    Contact for pricing
    15,198 sqft

    Fully occupied multifamily buildings spanning three parcels near Houghton Lake.

    View details
    Historic Apartment Building with Seven Studios
    Historic Apartment Building with Seven Studios

    316 S Bullock Street, Whittemore, MI 48770

    $174,900

    Historic building with seven year-round occupied studio apartments, updated septic, and dry basement.

    View details

    Alpena, MI Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Alpena, MI on our real estate platform.

    List
    Map

    Demographics Overview

    Population 22K
    Population Growth (5Y) +0.7%
    Median Household Income $50,699
    College Educated 25.7%

    Taxes & Financing

    Tax Rate (average for all types) 4.00%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Alpena 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 Alpena, MI

    Popular Categories

    Most Searched ZIP Codes in Alpena, MI

    • 49707

    Featured Alpena Real Estate Agencies

    Realmo connects you with licensed Alpena CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Banner Realty
    259 S. Ripley Blvd. Alpena, MI 49707
    Phone: 19893561177
    www.bannerrealty.com

    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!