Remodeled 8-Unit Apartment
421 N State Street, Alma, MI 48801
For Sale
$899,000
Commercial, Alma, MI
Property Size10,320 SF
Lot Size0.23 Acres
Price / SF$87.11
Days on Market797
Property Features for 421 N State Street
General Information
Property type
Property subtype
Zoning description
Parking features
Exterior features
Lot features
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Legal Description
Amenities
off-street parking
on-site laundry
Building Details
Building materials
Roof type
Listing Agency:
CENTURY 21 LEE-MAC REALTY
(989) 463-6085
Listed By:
Bob Fall · License MI #6501436188
(989) 737-3927
Added: Sep 5, 2024
Changed: Oct 8
Last Checked: Nov 10 at 5:06PM
MLS# 1926845
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.
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Investment Insights
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This 10,320-square-foot apartment building contains eight units, including six two-bedroom apartments and two one-bedroom apartments. The property underwent a complete remodel in 2015, with updated kitchens, bathrooms, and living areas throughout. The building features brick exterior elements, frame construction, an asphalt roof, assigned off-street parking, and on-site laundry. It is fully leased, and the property information reports no vacancy since the remodel, along with a tenant waiting list.
Located at 421 N State Street in Alma, Michigan, the property is near local amenities, schools, and shopping centers. The unit mix and updated interiors provide a defined multifamily configuration within a 0.23-acre parcel.
Located at 421 N State Street in Alma, Michigan, the property is near local amenities, schools, and shopping centers. The unit mix and updated interiors provide a defined multifamily configuration within a 0.23-acre parcel.
Key Highlights
- 8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units
- 10,320 square feet on 0.23 acres
- Complete remodel completed in 2015
Property Analytics
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased multifamily property with updated interiors, assigned parking, and on-site laundry.
Where is this apartment building located?
The property is located at 421 N State Street Alma, MI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8‑unit apartment building with six 2‑bedroom units and two 1‑bedroom units; 10,320 square feet on 0.23 acres; Complete remodel completed in 2015
