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    421 Prospect Ave Alma, MI 48801

    New
    For Sale
    $179,900

    MULTI_FAMILY - Alma, MI

    Lot size:
    0.19 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 421 Prospect Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Basement
    Bedrooms
    5
    APN
    51-344-796-00
    Parking
    3
    Parking features
    Driveway
    Basement
    Full
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1917
    Number of units
    3
    Building materials
    Aluminum Siding, Vinyl Siding
    Roof type
    Composition

    Properties With Bobbi LLC (616) 712-6303

    Listing agent Shane H Vansyckle (616) 712-6303

    Listing date Dec 2, 2025

    MLS# 25056452 Listing URL

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Three-Unit Multifamily Property Near College

    This three-unit multifamily property is generating approximately $3,000 per month. Two units are currently rented on a month-to-month basis, with the third unit soon to be available. The property is located near Alma College and one block from downtown, offering convenient access to shopping, restaurants, and nightlife. Recent updates include a two-year-old roof, remodeled bathroom, new paint, and new flooring. Situated on a 0.19-acre lot, this property presents an opportunity for investors. The property offers possibilities such as living in one unit and renting out the other two. The property is located in Alma, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Gratiot
    State
    Michigan
    Longitude
    -84.663672
    Latitude
    43.379901

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    FAQs

    What type of property is this?
    Triplex - Three-unit property near Alma College with income potential.
    Where is this triplex located?
    The property is located at 421 Prospect Ave Alma, MI.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Income-generating property: Currently generating almost $3,000 per month from two rented units, with a third unit soon to be available for rent.; - Multi-unit building: Features three separate units, offering flexibility for investment or owner-occupancy.; - Prime location: Situated a block from downtown, close to Alma College, shopping, restaurants, and nightlife.
    (616) 712-6303
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    421 Prospect Ave Alma, MI 48801
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    Alma, MI 48801
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    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
    421 Prospect Ave Alma, MI 48801
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