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Fire-Damaged Duplex With Rehab

230 Ely St, Alma, MI 48801

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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

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
Seller offering a $10,000 credit to buyer, held in escrow and released upon completion of at least 50% of reconstruction
Located just south of downtown Alma and close to shopping, dining, and everyday conveniences

We can help!

Listing Contact

Micah Kemler

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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:: 4
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

We can help!

Listing Contact

Micah Kemler

Listing agent Micah Kemler License #6502426111

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

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
Seller offering a $10,000 credit to buyer, held in escrow and released upon completion of at least 50% of reconstruction
Located just south of downtown Alma and close to shopping, dining, and everyday conveniences

Overview

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.

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Local Demand

City: Alma
County: Gratiot
State: Michigan
Longitude: -84.659164
Latitude: 43.374126

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For sale
Duplexes
MI
Alma
48801
230 Ely St

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