Fire-Damaged Duplex With
For Sale
$50,043
230 Ely St, Alma, MI 48801
Top/bottom duplex requiring full rehabilitation, offering a blank-slate interior to support your customized renovation plan.
Property Size3,720 SF
Price / SF$13.45
Days on Market76
Property Features for 230 Ely St
General Information
Standard status
Active
Size
3,720 SF
Property subtype
Investment
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,656
Building Details
Year Built
1959
Units
2
Listing Agency:
43 NORTH REALTY
(989) 330-4037
Listed By:
Micah Kemler · License #6505426348
(989) 330-4037
Source:
Elliman
Added: Jun 12
Changed: Aug 15
Last Checked: Aug 25 at 7:42AM
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.
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
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 48801, MI
13,006
Population
5,408
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
95%
High-School Grad
70.8 sq mi
ZIP Area
184
Density / Sq Mi
$57,449
Median Household Income
$30,146
Median Earnings
$795
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
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
