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Two-Unit Duplex Requiring Rehabilitation
For Sale
$50,043

230 Ely Street, Alma, MI 48801

Multi-Family, 2 Story, Duplex, Alma, MI

Property Size3,720 SF
Lot Size0.13 Acres
Price / SF$13.45
Days on Market94

Property Features for 230 Ely Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Residential,Multi-Family
Zoning description Residential, Multi-Family
Patio and Porch features Porch
Interior features Fixer-Upper
Exterior features Sidewalk, Landscaped, Covered Porch
Elementary school district Alma Public Schools
Middle school district Alma Public Schools
High school district Alma Public Schools
Directions SUPERIOR ST TO WOODWORTH AVE SOUTH TO ELY ST EAST TO PROPERTY
Subdivision Gratiot
Standard status Active
Size 3,720 SF
Lot size 0.13 Acres

Taxes and HOA fees

Tax Description COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3, S 92 FT 3 IN, E 3 1/2 RDS, N 92 FT 3 IN, W 3 1/2 RDS TO BEG
Tax Annual Amount 2656
Legal Description COM 14 RDS S 34 RDS E OF NW COR OF SE 1/4 OF NW 1/4 SEC 3-11-3, S 92 FT 3 IN, E 3 1/2 RDS, N 92 FT 3 IN, W 3 1/2 RDS TO BEG

Building Details

Year built 1959
Floors in Building 2
Number of units 2
Building materials Frame
Roof type Metal, Asphalt
Architectural style Other
Listing Agency: 43 NORTH REALTY
Listed By: Micah Kemler · License #6505426348
Added: Jun 7 Changed: Sep 6 Last Checked: Sep 8 at 1:06AM
MLS# 1946299

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This 1959 frame duplex is configured with one residence above another, with each unit designed for two bedrooms and one bathroom. The property contains approximately 3,720 square feet on a 0.13-acre parcel and will require full rehabilitation following a recent interior fire. Reconstruction and permitting will be needed before occupancy. Exterior features include a covered porch, sidewalk, landscaping, and a roof comprising metal and asphalt materials.

The property is located on Alma’s south side, just south of downtown Alma, with shopping, dining, and daily conveniences nearby. Residential, Multi-Family zoning supports the property’s duplex configuration. Entry requires execution of a hold harmless agreement due to the current condition.

Key Highlights

  • Top‑and‑bottom duplex layout with two 2‑bedroom, 1‑bath units
  • Approximately 3,720 square feet on a 0.13‑acre parcel
  • Recent interior fire; full rehabilitation and permitting required

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Pharmacy Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

498
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Top-and-bottom layout with two-bedroom, one-bath units and full rehabilitation required.
Where is this duplex located?
The property is located at 230 Ely Street 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: Top‑and‑bottom duplex layout with two 2‑bedroom, 1‑bath units; Approximately 3,720 square feet on a 0.13‑acre parcel; Recent interior fire; full rehabilitation and permitting required
More about this property
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