Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    256 Ely St Alma, MI 48801

    For Sale
    $119,000

    Triplex, 2 Story - Alma, MI

    Type:Triplex
    Property size:
    2,080 SF
    Lot size:
    0.23 Acres
    Days on Market:
    52
    Last Refresh:
    Dec 13 at 10:06 pm

    Property Features for 256 Ely St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Zoning
    Residential,Rental History
    Rooms
    Basement
    Parking
    1
    Parking features
    None
    Interior features
    None
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,080 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Floors in Building
    2
    Number of units
    3
    Roof type
    Asphalt
    Architectural style
    Other

    43 NORTH REALTY (989) 463-1219 [email protected]

    Listing agent Micah Kemler (989) 463-1219

    Listing date Oct 23, 2025

    MLS# 1939869 Listing URL

    Copyright © 2025 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.

    Overview

    Two-Story Triplex in Alma, MI

    This two-story triplex, located in Alma, MI, offers a total of approximately 2,080 square feet. The property is situated near the river, local parks, and downtown Alma, providing convenient access to shopping, dining, and entertainment. The triplex consists of three units. Unit #1 features 2 bedrooms, 1 bath, and approximately 750 sq. ft. of living space, and is currently rented for $675 per month. Unit #2 includes 2 bedrooms, 1 bath, and approximately 700 sq. ft., generating $625 per month. Unit #3 offers 1 bedroom, 1 bath, and approximately 600 sq. ft., with a rental income of $525 per month. The property, zoned for residential use and with a rental history, sits on a lot of approximately 0.23 acres and provides steady rental income with tenants already in place. This property is suitable for expanding an investment portfolio or starting with a first rental property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.658036
    Latitude
    43.374194

    Nearby Similar for Sale

    • $3,300,000
      14,820 SF

      Versatile Retail Space in Alma

      Adaptable commercial property with drive-through, ideal for various businesses.
      1420 Wright Ave, Alma, MI 48801
      View Details
    • New
      $140,000
      Pending

      Commercial Building with Apartments

      Commercial building with retail and two apartments in Alma, MI.
      125 E Superior St, Alma, MI 48801
      View Details
    • $169,000
      2,800 SF

      Five-Unit Multifamily Property in Alma

      Fully rented five-unit property near downtown Alma.
      426 N State St, Alma, MI 48801
      View Details
    • $475,000
      8,665 SF

      Prime Retail Space on M-46

      Expansive retail property on M-46 with high visibility.
      2324 W Monroe Rd, Alma, MI 48801
      View Details
    • New
      $179,900
      0.19 Acres

      Three-Unit Multifamily Property Near College

      Three-unit property near Alma College generating approximately $3,000 monthly.
      421 Prospect Ave, Alma, MI 48801
      View Details
    • $499,000
      23,443 SF

      Mixed-Use Property with Income Potential

      3.45-acre mixed-use property with residential and commercial income.
      5705 N State Rd, Alma, MI 48801
      View Details

    FAQs

    What type of property is this?
    Triplex - Two-story triplex near downtown Alma with steady rental income.
    Where is this triplex located?
    The property is located at 256 Ely St Alma, MI.
    What is the asking price?
    The asking price for this property is $119,000.
    What are key features of this property?
    This property features: - Steady rental income with reliable tenants in place.; - Great investment opportunity as a triplex.; - Convenient location near the river, local parks, and downtown Alma.
    (989) 463-1219
    Request Owner's contact information
    256 Ely St Alma, MI 48801
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    256 Ely St
    Alma, MI 48801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    256 Ely St Alma, MI 48801
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.