Fire-Damaged Duplex With Rehab

230 Ely St Alma, MI 48801

Claim this Listing
For Sale
$50,043

Top/bottom duplex requiring full rehabilitation, offering a blank-slate interior to support your customized renovation plan.

Type:Investment
Property size:
3,720 SF
Price / SF:
$13/SF
Added:
Jun 12, 2026
Days on Market:
31
Last Refresh:
Jun 13 at 3:24 am

Property Features for 230 Ely St

General Information

Standard status
Active
Size
3,720 SF
Property subtype
Investment

Building Details

Year Built
1959

Listing office 43 NORTH REALTY

Listing date Jun 12, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of 43 NORTH REALTY


Investment Insights

Based on property information with market context.

This top/bottom duplex is set up as two separate residential units, each laid out as a 2-bedroom, 1-bath plan. The property recently experienced a fire and the interior is described as a blank slate, with the work needed to fully rehabilitate the home. The overall building size is approximately 3,720 total square feet, providing room for a complete renovation and finish-out. Prospective buyers should expect to manage permitting and reconstruction, as full rehabilitation is required.

The property is located on the south side of Alma, just south of downtown, with proximity to shopping, dining, and everyday conveniences mentioned in the remarks. Access is via Ely St, and the listing notes a BikeScore of 53 and a WalkScore of 48, indicating a car-dependent setting.

For investors or owner-occupants seeking a renovation project, this duplex may fit a plan to restore two income-oriented 2-bedroom units after proper permitting. Because of the condition, all potential buyers are required to sign a hold harmless agreement prior to entry. A seller credit is noted in the remarks: $10,000 to be held in escrow and released upon completion of at least 50% of the reconstruction.

Key Highlights

  • 1959 top/bottom duplex requiring full rehabilitation after a recent fire, leaving the interior as a blank slate for renovation
  • Each unit is a 2‑bedroom, 1‑bath layout; market rents estimated at $650–$750 per month per unit once completed
  • Approximately 3,720 total SF provides space for an income‑producing duplex configuration

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 a blank-slate interior to support your customized renovation plan.
Where is this duplex located?
The property is located at 230 Ely St 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: 1959 top/bottom duplex requiring full rehabilitation after a recent fire, leaving the interior as a blank slate for renovation; Each unit is a 2‑bedroom, 1‑bath layout; market rents estimated at $650–$750 per month per unit once completed; Approximately 3,720 total SF provides space for an income‑producing duplex configuration
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