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    Alma, MI Residential Income Properties for Sale

    11 results
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    Multi-Family Property Near Downtown Alma
    $159,000
    2,800 SF

    Multi-Family Property Near Downtown Alma

    426 N State St, Alma, MI 48801

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

    • Fully rented 5‑unit multi‑family property generating $2,750 gross monthly income.
    • Prime location in the heart of downtown Alma, close to shopping, dining, and local amenities.
    • Durable, low‑maintenance exterior with vinyl siding and metal roof.
    • Each unit is a 1‑bedroom, 1‑bath apartment with a kitchen and living space.
    • Property includes a basement.
    Updated: Dec 19, 2025
    View details
    Remodeled Duplex Near Holiday Park
    $165,000
    1,710 SF

    Remodeled Duplex Near Holiday Park

    303 Elizabeth St, Alma, MI 48801

    Updated duplex with modern amenities and investment potential near park.

    • Fully remodeled units with new kitchens featuring white farmhouse style, Corian tops, and new appliances. Bathrooms boast marble tops.
    • Potential for immediate occupancy or rental income.
    • Recent rental income of $950/month per unit.
    • Each unit is nearly 900 sq ft.
    • Located across the street from Holiday Park.
    Updated: Mar 9
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    Three-Unit Multifamily Property Near College
    $169,900
    0.19 Acres

    Three-Unit Multifamily Property Near College

    Three-unit property near Alma College, generating rental income.

    421 Prospect 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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    Turnkey Investment: Leased Apartment Building
    $899,000
    10,320 SF

    Turnkey Investment: Leased Apartment Building

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

    421 N State St, 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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    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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    Three-Unit Multifamily Property For Sale
    $169,900

    Three-Unit Multifamily Property For Sale

    Three-unit property near Alma College with income-generating potential.

    421 Prospect Ave, Alma, MI 48801
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    Five-Unit Multifamily Property in Alma
    $159,000

    Five-Unit Multifamily Property in Alma

    Fully rented five-unit property near downtown Alma, Michigan.

    426 N State St, Alma, MI 48801
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    Alma Investment Opportunity: Multi-Unit Potential
    Contact for pricing

    Alma Investment Opportunity: Multi-Unit Potential

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

    318 Woodworth Ave, Alma, MI 48801
    View details
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 11 Active listings in Alma, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Automotive Business with Residential Home
    $279,900
    7,775 SF

    Automotive Business with Residential Home

    Commercial property with auto shop, outbuilding, and residential home.

    1729 W Monroe Rd, Saint Louis, MI 48880
    View details
    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.

    109 N Mill St, Saint Louis, MI 48880
    View details
    Ithaca Duplex with Rental History
    $99,900
    1,400 SF

    Ithaca Duplex with Rental History

    Well-maintained duplex with strong rental history on spacious corner lot.

    501 N Pine River St, Ithaca, MI 48847
    View details
    Ithaca Multi-Unit Home For Sale
    $125,000

    Ithaca Multi-Unit Home For Sale

    Multi-unit home in Ithaca with tenant-paid utilities.

    928 E Emerson 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.

    Commercial Land For Sale, Alma
    $49,900
    1.00 Acre

    Commercial Land For Sale, Alma

    One acre of commercial land available in Alma, Michigan.

    Tbd Smith Rd, Alma, MI 48801
    View details
    39 Acres of Hunting Land
    $249,900
    39.00 Acres

    39 Acres of Hunting Land

    High and dry 39-acre property with mature hardwoods and evergreens.

    39A N Pingree Rd, Alma, MI 48801
    View details

    Alma, MI Residential Income Properties Investment Opportunities Market Analysis

    Explore 11 residential income properties for sale in Alma, MI, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 346,302 square feet of properties for sale, with an estimated market value of $2,528,900.

    Sale prices for residential income properties in Alma, MI start at $138,000, averaging $361,271, 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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