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    Alma, MI Multifamily Properties for Sale

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    Saint Louis, MI Ithaca, MI Elwell, MI
    7 results
    Mixed-Use Property with Income Potential
    $440,000
    3.45 Acres

    Mixed-Use Property with Income Potential

    Alma, MI 48801

    3.45-acre property with residential and commercial rental income.

    • Mixed‑use property offering both residential and commercial income.
    • Four fully‑rented apartment units, with a fifth nearing completion.
    • Commercial building features store frontage, office space, and an 80x40 barn.
    • 40x80 pole building offering business expansion or storage potential.
    • Newer 400‑foot, 5‑inch well.
    Updated: Apr 26
    View details
    Turnkey Investment: Leased Apartment Building
    $899,000
    10,320 SF

    Turnkey Investment: Leased Apartment Building

    421 N State Street, Alma, MI 48801

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

    • Fully Leased 8‑Unit Building Generating Over $67,000 Annual Revenue
    • Turnkey Investment with Proven Track Record and No Vacancy Since 2015 Remodel
    • Prime, Desirable Location with High Rental Demand and Waiting List
    • Six 2‑Bedroom Units and Two 1‑Bedroom Units with Modern Finishes
    • Updated Kitchens, Bathrooms, and Living Spaces for Low‑Maintenance Living
    Updated: Sep 5, 2024
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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 Avenue, Alma, MI 48801
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    Mixed-Use Property with Rental Income
    $375,000
    2,579 SF

    Mixed-Use Property with Rental Income

    3.45-acre property with residential and commercial rental income.

    5705 N State Road, Alma, MI 48801
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    Mixed-Use Property with Income Potential
    $375,000
    23,443 SF

    Mixed-Use Property with Income Potential

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

    5705 N State Road, Alma, MI 48801
    View details
    Turnkey 8-Unit Apartment Building
    $899,000
    10,320 SF

    Turnkey 8-Unit Apartment Building

    Fully leased, remodeled 8-unit apartment building generating over $67,000 annually.

    421 N State Street, Alma, MI 48801
    View details
    Alma Multifamily Renovation Opportunity
    $138,000
    0.32 Acres

    Alma Multifamily Renovation Opportunity

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

    318 Woodworth Avenue, Alma, MI 48801
    View details
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 7 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Downtown St. Louis Mixed-Use Building
    $144,900
    6,400 SF

    Downtown St. Louis Mixed-Use Building

    Mixed-use building with storefronts and residential potential.

    Saint Louis, MI 48880
    View details
    Well-Maintained Duplex on Corner Lot
    $99,900

    Well-Maintained Duplex on Corner Lot

    Reliable investment property with strong rental history and remodeled features.

    501 N Pine River St, Ithaca, MI 48847
    View details
    Historic St. Louis Home
    $249,000
    1,500 SF

    Historic St. Louis Home

    Remodeled home with attached apartment near downtown St. Louis.

    Saint Louis, MI 48880
    View details
    Investment
    $160,000

    Investment

    Quadplexes

    302 N Pine River St, Ithaca, MI 48847
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Riverdale
    Contact for pricing
    0.67 Acres

    Residential Land in Riverdale

    Vacant residential land suitable for building or mobile home placement.

    TBD N Lumberjack Road, Riverdale, MI 48877
    View details
    Sanford Vacant Land with Utilities
    Contact for pricing
    0.80 Acres

    Sanford Vacant Land with Utilities

    Two lots with water and electric hookups, lake access.

    978 timberlynn trail, Sanford, MI 48657
    View details
    Recreational Land in Gated Community
    $44,000
    0.75 Acres

    Recreational Land in Gated Community

    0.75-acre lot with hookups in White Birch Lakes Association.

    4537 Pine Run, Farwell, MI 48622
    View details
    Expansive Land with Development Potential
    $6,900,000
    354.27 Acres

    Expansive Land with Development Potential

    350+ acres of prime land with two scenic lakes.

    VL N Fleming Road, Fowlerville, MI 48836
    View details

    Alma, MI Multifamily Properties Investment Opportunities Market Analysis

    Explore 7 multifamily properties for sale in Alma, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 46,662 square feet of properties for sale, with an estimated market value of $2,548,000.

    Sale prices for multifamily properties in Alma, MI start at $375,000, averaging $637,000, and reaching up to $899,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Apartment buildings 6
    Quadplexes 2
    Triplexes 1

    Demographics Overview

    Population 13K
    Population Growth (5Y) +5.6%
    Median Household Income $57,449
    College Educated 19.2%

    High-Yield Neighborhoods for Investment

    Identify Alma submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    48801 $466.3K

    Taxes & Financing

    Tax Rate (average for all types) 4.53%
    Tax Rate vs County Average 0.57 pp above county avg
    Average Loan-to-Value 65.0%

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