Top-Bottom Duplex Investment

230 Ely Street Alma, MI 48801

Claim this Listing
For Sale
$50,043

MULTI_FAMILY - Alma, MI

Type:Duplex
Property size:
3,720 SF
Lot size:
0.13 Acres
Price / SF:
$13/SF
Added:
Jun 7, 2026
Days on Market:
36
Last Refresh:
Jul 12 at 3:06 am

Property Features for 230 Ely Street

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential,Multi-Family
Patio and Porch features
Porch
Interior features
Fixer-Upper
Exterior features
Sidewalk, Landscaped, Covered Porch
Standard status
Active
Size
3,720 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Description
COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3, S 92 FT 3 IN, E 3 1/2 RDS, N 92 FT 3 IN, W 3 1/2 RDS TO BEG
Tax Annual Amount
2656

Building Details

Year built
1959
Floors in Building
2
Number of units
2
Building materials
Frame
Roof type
Metal, Asphalt
Architectural style
Other

Listing agent Micah Kemler License #6502426111

Listing office 43 NORTH REALTY 202 E Superior Street, Alma, MI

Listing date Jun 7, 2026

MLS# 1946299 Listing URL

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This top-bottom duplex is a residential income property configured as two separate units, each planned as a 2-bedroom, 1-bath layout. The property recently experienced a fire, and the interior is described as a blank slate, requiring full rehabilitation and proper permitting. The available information indicates the total building area is approximately 3,720 square feet, situated on a 0.13-acre lot.

The property is located on Alma’s south side, just south of downtown, with proximity to shopping, dining, and everyday conveniences noted in the remarks. It is identified as being zoned Residential, Multi-Family, supporting its use as a duplex.

For buyers seeking a renovation-focused duplex, this offering is best suited for investors prepared to complete reconstruction and manage permitting requirements. Because of the condition, the remarks state all potential buyers must sign a hold harmless agreement prior to entry. The seller is also offering a $10,000 credit to be held in escrow and released upon completion of at least 50% of the reconstruction, subject to the stated terms.

Key Highlights

  • Top/bottom duplex built in 1959 on Alma’s south side
  • Each unit is a 2‑bedroom, 1‑bath layout
  • About 3,720 total SF with frame construction, metal and asphalt roof

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Pharmacy Law Firm Dental Office Kitchen & Bath Showroom Auto Parts Store Electrical Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Top-bottom duplex requiring full rehabilitation, offering two-bedroom, one-bath units in a residential multi-family zone.
Where is this duplex located?
The property is located at 230 Ely Street Alma, MI.
What is the asking price?
The asking price for this property is $50,043.
What are key features of this property?
This property features: Top/bottom duplex built in 1959 on Alma’s south side; Each unit is a 2‑bedroom, 1‑bath layout; About 3,720 total SF with frame construction, metal and asphalt roof
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More about this property
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