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Multi-Unit Apartment Building
For Sale
$305,000

430 Bridge Avenue, Alma, MI 48801

Multi-Family, 1.5 Story, Quad, Apartment, In-Law Suite/Apt, Alma, MI

Property Size4,288 SF
Lot Size0.32 Acres
Price / SF$71.13
Days on Market94

Property Features for 430 Bridge Avenue

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning Residential,Multi-Family
Zoning description Residential, Multi-Family
Bedrooms 12
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 8, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 10, Bedroom 12, Bathroom 2, Bathroom 6, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 9, Bedroom 11, Bedroom 7, Bathroom 3, Bathroom 5, Bathroom 4
Patio and Porch features Porch, Deck
Exterior features Deck, Porch, Balcony, RV Parking, Gutters
Appliances Refrigerator, Oven/Range, Washer, Dryer, Cook Top
Elementary school district Alma Public Schools
Middle school district Alma Public Schools
High school district Alma Public Schools
Directions From Superior Street, north on Bridge Avenue
Subdivision Gratiot
Standard status Active
Size 4,288 SF
Lot size 0.32 Acres

Taxes and HOA fees

Tax Description COM 323 FT N & 33 FT E OF SW COR OF SEC 35-12-3, TH E 157 FT N 90 FT W 157 FT S 90 FT TO BEG
Legal Description COM 323 FT N & 33 FT E OF SW COR OF SEC 35-12-3, TH E 157 FT N 90 FT W 157 FT S 90 FT TO BEG

Building Details

Year built 1944
Floors in Building 4
Number of units 5
Building materials Frame
Roof type Asphalt
Architectural style Other
Listing Agency: 43 NORTH REALTY
Listed By: Sue Welling · License #6501286671
Added: Jul 30 Changed: Oct 28 Last Checked: Oct 31 at 7:06PM
MLS# 1948743

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.

Rey
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Investment Insights

Based on property information with market context.

This 4,288-square-foot multifamily property on a 0.32-acre lot combines a main residence with three additional rental units. The main home has 4 bedrooms, 2 bathrooms, and two kitchens, along with first-floor laundry and additional rooms. A 1,176-square-foot apartment offers 2 bedrooms, 2 bathrooms, and a covered deck. Two single-room studios provide further residential space. A 1,021-square-foot basement and a 13-by-38-foot storage and workshop area add utility space.

Built in 1944, the frame-construction property is zoned Residential, Multi-Family. A large concrete driveway accommodates parking for multiple vehicles. The property is less than two miles from downtown, the local hospital, and major shopping centers.

Key Highlights

  • 4,288 square feet on a 0.32‑acre lot
  • Main home with 4 bedrooms, 2 bathrooms, and two kitchens
  • Separate 1,176‑square‑foot apartment with 2 bedrooms, 2 bathrooms, and a covered deck

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

153
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
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A varied residential layout includes a main home, a separate apartment, and two studio units.
Where is this apartment building located?
The property is located at 430 Bridge Avenue Alma, MI.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 4,288 square feet on a 0.32‑acre lot; Main home with 4 bedrooms, 2 bathrooms, and two kitchens; Separate 1,176‑square‑foot apartment with 2 bedrooms, 2 bathrooms, and a covered deck
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