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Two-Story Four-Unit Quadplex
For Sale
$144,000

316 Euclid Street, Alma, MI 48801

Multi-Family, 2 Story, Alma, MI

Property Size1,290 SF
Lot Size0.25 Acres
Price / SF$111.63
Days on Market96

Property Features for 316 Euclid Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Multi-Family,Rental Histo
Zoning description Multi-Family, Rental History
Bedrooms 5
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Patio and Porch features Porch
Exterior features Screened Porch
Appliances Refrigerator, Oven/Range, Blinds, Smoke Alarms
Elementary school district Alma Public Schools
Middle school district Alma Public Schools
High school district Alma Public Schools
Directions FROM PINE AVE, TURN EAST ON SUPERIOR TO LIGHT, TURN RIGHT AT LIGHT TO PROPERTY
Subdivision Gratiot
Standard status Active
Size 1,290 SF
Lot size 0.25 Acres

Taxes and HOA fees

Tax Description ORIGINAL TOWN, CITY OF ALMA, LOT 10, BLK 28
Tax Annual Amount 2024
Legal Description ORIGINAL TOWN, CITY OF ALMA, LOT 10, BLK 28

Building Details

Year built 1949
Floors in Building 2
Number of units 4
Building materials Frame
Roof type Asphalt
Architectural style Other
Listing Agency: 43 NORTH REALTY
Listed By: Micah Kemler · License #6505426348
Added: Jul 3 Changed: Sep 15 Last Checked: Oct 6 at 1:06AM
MLS# 1947570

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 two-story quadplex contains four residential units within a 1,290-square-foot frame building on 0.25 acres. The property was built in 1949 and includes separate electrical panels and meters for each unit, along with individual furnaces and heat sources. Three units are occupied, while a prospective tenant is awaiting buyer approval for the remaining unit. A screened porch, asphalt roof, refrigerators, ovens/ranges, blinds, and smoke alarms are included. The property is zoned Multi-Family,Rental Histo.

Located at 316 Euclid Street in Alma, the property is within walking distance of downtown shopping, restaurants, and entertainment. Each unit’s separate utility setup allows residents to pay their own utilities. The configuration also includes four bathrooms and bedrooms identified through Bedroom 1 through Bedroom 5 in the property records.

Key Highlights

  • Four‑unit, two‑story quadplex with three occupied units and one prospective tenant awaiting buyer approval
  • 1,290 square feet on a 0.25‑acre lot
  • Separate electrical panel and meter for each unit

Property Analytics

Current Use

Quadplexes

Lease Details

4
Residential units
75%
Occupancy

Location Intelligence

Trade Area within ½ mile

428
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?
Quadplex - Separate utility metering and individual heating systems support straightforward unit-level operations.
Where is this quadplex located?
The property is located at 316 Euclid Street Alma, MI.
What is the asking price?
The asking price for this property is $144,000.
What are key features of this property?
This property features: Four‑unit, two‑story quadplex with three occupied units and one prospective tenant awaiting buyer approval; 1,290 square feet on a 0.25‑acre lot; Separate electrical panel and meter for each unit
More about this property
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