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    426 N State St Alma, MI 48801

    For Sale
    $169,000

    2+ Stories,Victorian, 4 - Plex,Other - Alma, MI

    Property size:
    2,800 SF
    Lot size:
    0.18 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 426 N State St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement, Kitchen, Living Room
    Interior features
    None
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,800 SF
    Lot size
    0.18 Acres

    Building Details

    Number of units
    5
    Roof type
    Metal
    Architectural style
    Victorian

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

    Listing agent Micah Kemler (989) 463-1219

    Listing date Nov 10, 2025

    MLS# 1929756 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

    Five-Unit Multifamily Property in Alma

    This five-unit multifamily property is located in downtown Alma. The building features vinyl siding and a metal roof. Each of the five apartments includes one bedroom, one bathroom, a kitchen, and a main living space. The property generates $2,750 per month in gross rents. The location provides tenants with access to shopping, dining, and local amenities. The lot size is 0.18 acres and the property size is 2,800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -84.661524
    Latitude
    43.379935

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    FAQs

    What type of property is this?
    Apartment building - Fully rented five-unit property near downtown Alma.
    Where is this apartment building located?
    The property is located at 426 N State St Alma, MI.
    What is the asking price?
    The asking price for this property is $169,000.
    What are key features of this property?
    This property features: - Fully rented 5-unit multi-family property generating $2,750 gross monthly income.; - Prime location in the heart of downtown Alma, close to shopping, dining, and local amenities.; - Durable, low-maintenance exterior with vinyl siding and metal roof.
    (989) 463-1219
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    426 N State St 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
    426 N State St Alma, MI 48801
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