Alpena, MI Multifamily properties for sale

Updated: May 16

Updated Victorian Duplex with 2-Car Garage

328 W Washington Avenue, Alpena, MI 49707

$264,900

2,352 sqft 0.20 AC lot

Immaculate, updated duplex in Alpena's historical district, ideal for investment.
Prime location: just 4 blocks from Lake Huron and a short walk to downtown.
Two spacious units, each with 2 bedrooms, 1 bath, updated kitchens and bathrooms, and laundry.
Features include hardwood floors, ornate woodwork, custom built‑ins, and 9' ceilings.
Exterior boasts new vinyl siding, brick, newer roof (2023), porch, and balcony.

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Updated: Jun 15

Two-Unit Apartment Building

705 N Second Avenue, Alpena, MI 49707

$165,000

1,756 sqft

2‑unit apartment building with classic historic character and original woodwork
Hardwood floors, pocket doors, and an ornate staircase throughout
Fireplace with flanking built‑in bookshelves plus a leaded glass window
Heated with natural gas and hot water heating; public sewer available
Includes washer and dryer appliances, electric range, and refrigerator

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Updated Multi-Family Income Property

310 W Campbell Street, Alpena, MI 49707

$224,900

2,273 sqft

A well-presented older multi-family with updated interiors and coin-operated laundry for tenant convenience.

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Immaculate Victorian French Tudor Duplex

328 W Washington Ave, Alpena, MI 49707

$264,900

Updated Alpena duplex near Lake Huron and downtown.

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 4 Active listings in Alpena, 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.

Country Store with Liquor License

10010 Werth Road, Herron, MI 49744

$395,000

4,582 sqft 3.10 AC lot

For-sale country store with included inventory, liquor license, and upper-level remodeled rental units for added owner income.

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Country Store with Rental Units

10010 Werth Rd, Herron, MI 49744

$395,000

Long-running country store includes liquor license, inventory, and two remodeled upstairs 1-bedroom rentals.

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Lake Huron Cabin Investment Opportunity

4060 S US-23 Hwy, Greenbush, MI 48738

$450,000

7.45 AC lot

Rental cabins with lake views on 7.45 acres.

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Lake Huron Cabin Investment Opportunity

4060 S US-23 Hwy, Greenbush, MI 48738

$450,000

7.45 AC lot

Rental cabins with lake views on 7.45 acres.

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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.

Recreational Lot with Boat Slip

831 S Main Street, Au Gres, MI 48703

Contact for pricing

0.01 AC lot

Recreational condo lot at Sleepy Oaks Harbour with a boat slip for up to a 25' boat and associated trailer improvements.

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Sanford Vacant Land with Utilities

978 timberlynn trail, Sanford, MI 48657

Contact for pricing

0.80 AC lot

Two lots with water and electric hookups, lake access.

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Private Campground Lot with Hookups

4537 Pine Run, Farwell, MI 48622

$41,500

0.75 AC lot

Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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Elevated Farmland Development Parcel

Parcel C E Duck Lake Road, Suttons Bay, MI 49682

$2,600,000

74.20 AC lot

Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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Alpena, MI Multifamily Properties Market Trends and Statistics

Explore 4 multifamily properties for sale in Alpena, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,381 square feet of properties for sale, with an estimated market value of $654,800.

Sale prices for multifamily properties in Alpena, MI start at $165,000, averaging $218,266, and reaching up to $264,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49707	$642.9K

Neighborhood

Average Price

49707

$642.9K