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    Alma, MI Multifamily Properties for Sale

    8 results
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    Two-Story Triplex in Alma, MI
    $119,000
    2,080 SF

    Two-Story Triplex in Alma, MI

    256 Ely St, Alma, MI 48801

    Two-story triplex near downtown Alma with steady rental income.

    • Steady rental income with reliable tenants in place.
    • Great investment opportunity as a triplex.
    • Convenient location near the river, local parks, and downtown Alma.
    • Three units provide a total of approximately 2,080 square feet.
    • Unit #1 features 2 bedrooms and 1 bath, currently rented for $675/month.
    Updated: Oct 23, 2025
    View details
    Commercial Building with Two Apartments
    $100,000
    3,800 SF

    Commercial Building with Two Apartments

    1242 E Superior St, Alma, MI 48801

    Versatile commercial space with residential income potential in Alma, MI.

    • Prime commercial space of approximately 3,800 sq. ft. on a highly traveled route with excellent visibility.
    • Two income‑producing apartments (approx. 900 sq. ft. each) on the second floor, one move‑in ready.
    • New 220‑amp electrical system on the main level and updated PVC/PEX plumbing throughout.
    • Flexible leasing configurations with three separate electrical meters.
    • Conveniently located 1 mile from downtown Alma and 2.5 miles from US‑127.
    Updated: Dec 1, 2025
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    Three-Unit Multifamily Property Near College
    $179,900
    0.19 Acres

    Three-Unit Multifamily Property Near College

    Three-unit property near Alma College generating approximately $3,000 monthly.

    421 Prospect Ave, Alma, MI 48801
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    Multi-Family Property Near Downtown Alma
    $159,000
    2,800 SF

    Multi-Family Property Near Downtown Alma

    Fully rented 5-unit property in the heart of Alma.

    426 N State St, Alma, MI 48801
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    Alma Investment Opportunity: Multi-Unit Potential
    $138,000
    0.32 Acres

    Alma Investment Opportunity: Multi-Unit Potential

    3-4 unit property in Alma, MI, ready for renovation.

    318 Woodworth Ave, Alma, MI 48801
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    Mixed-Use Property with Income Potential
    $499,000
    2,579 SF

    Mixed-Use Property with Income Potential

    3.45-acre mixed-use property with residential and commercial income.

    5705 N State Rd, Alma, MI 48801
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    Mixed-Use Property with Income Potential
    $499,000
    23,443 SF

    Mixed-Use Property with Income Potential

    3.45-acre mixed-use property with residential and commercial income.

    5705 N State Rd, Alma, MI 48801
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    Turnkey Apartment Building Investment
    $899,000
    10,320 SF

    Turnkey Apartment Building Investment

    Fully leased 8-unit apartment building with strong income potential.

    421 N State St, Alma, MI 48801
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    Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 8 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mt Pleasant Condo Near CMU
    $85,000
    1,552 SF

    Mt Pleasant Condo Near CMU

    5-bedroom, 2.5-bath condo near CMU with rental history.

    1825 S Crawford Rd, Mt Pleasant, MI 48858
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    Mt Pleasant Condo For Sale
    $85,000
    1,552 SF

    Mt Pleasant Condo For Sale

    5-bedroom condo in Mt Pleasant, leased until June 2026.

    1825 S Crawford St, Mt Pleasant, MI 48858
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    Mt Pleasant Triplex For Sale
    $239,900

    Mt Pleasant Triplex For Sale

    Three-unit residential property in Mt Pleasant, ideal for owner occupants.

    706 S Arnold St, Mount Pleasant, MI 48858
    View details
    Duplex Near Central Michigan University
    $189,900
    2,434 SF

    Duplex Near Central Michigan University

    Desirable rental property near CMU with immediate income.

    805 S Douglas St, Mount Pleasant, MI 48858
    View details

    Alma, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 8 multifamily properties for sale in Alma, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 362,855 square feet of properties for sale, with an estimated market value of $2,592,900.

    Prices for multifamily properties in Alma, MI start at $100,000, averaging $324,112, and reaching up to $899,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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