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Three-Unit Apartment Property
New
For Sale
$189,000

310 W Superior St, Alma, MI 48801

Well-maintained investment property with separate gas and electrical meters for each apartment.

Days on Market2

Property Features for 310 W Superior St

General Information

Standard status Active
Property subtype Investment

Additional Details

Gross Income $25,200
Utilities to Site Yes

Building Details

Building Size 560 SF
Year Built 1967
Buildings 1
Tenancy Multi
Listing Agency: 43 NORTH REALTY
Listed By: Micah Kemler · License #6502426111
Source: Elliman
Added: Jul 30 Changed: Jul 31 Last Checked: Jul 31 at 8:57AM

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 well-maintained triplex includes three one-bedroom, one-bathroom apartments, with two units on the main floor and a spacious upper-level unit. Each apartment has separate gas and electrical meters, while the owner is responsible for one monthly utility bill covering water, sewer, and trash service. The property was built in 1967 and has an established rental history across all three units.

Located at 310 W Superior St in downtown Alma, the property is within walking distance of Alma College, downtown shopping, coffee shops, restaurants, churches, and convenience stores. The location also has a Walk Score of 48, classified as Car-Dependent, and a Bike Score of 53, classified as Bikeable.

Key Highlights

  • Three one‑bedroom, one‑bathroom apartments
  • Two main‑floor units plus a spacious upper‑level unit
  • Separate gas and electrical meters for each apartment

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Parking Lot & Garage Law Firm Kitchen & Bath Showroom Plumbing Service

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

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

168
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
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained investment property with separate gas and electrical meters for each apartment.
Where is this triplex located?
The property is located at 310 W Superior St Alma, MI.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Three one‑bedroom, one‑bathroom apartments; Two main‑floor units plus a spacious upper‑level unit; Separate gas and electrical meters for each apartment
More about this property
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