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    Alma, MI Residential Income Properties for Sale

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    Multi-Unit Apartment Building
    Updated: Jul 30
    Multi-Unit Apartment Building

    430 Bridge Avenue, Alma, MI 48801

    $305,000
    4,288 sqft 0.32 AC lot
    4,288‑square‑foot apartment property on 0.32 acres
    Main residence includes 4 bedrooms, 2 bathrooms, and two full kitchens
    1,176‑square‑foot apartment with 2 bedrooms, 2 bathrooms, and a covered deck
    Two single‑room studio units included
    1,021‑square‑foot basement plus a 13 x 38 storage area/workshop
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    Two-Story Triplex with Covered Porch
    Updated: Jul 28
    Two-Story Triplex with Covered Porch

    310 W Superior Street, Alma, MI 48801

    $184,000
    1,700 sqft 0.23 AC lot
    Three‑unit triplex with three one‑bedroom, one‑bath apartments
    1,700 square feet on a 0.23‑acre parcel
    Two main‑floor apartments and one upper‑level apartment
    Separate gas and electrical meters for each apartment
    Built in 1967 with frame construction and asphalt roof
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    Two-Building Multifamily Property
    Two-Building Multifamily Property

    1107 Michigan Avenue, Alma, MI 48801

    $275,000
    2,782 sqft 0.29 AC lot

    Residentially zoned offering with a parsonage and former church building providing distinct living and flexible interior spaces.

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    Three-Unit Apartment Property
    Three-Unit Apartment Property

    310 W Superior St, Alma, MI 48801

    $184,000
    560 sqft

    Well-maintained investment property with separate gas and electrical meters for each apartment.

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    Remodeled Duplex with Two Units
    Remodeled Duplex with Two Units

    313 Pleasant Avenue, Alma, MI 48801

    $154,900
    1,280 sqft 0.34 AC lot

    The two residences include separate kitchens and living rooms, with a rear deck serving the lower unit.

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    American Foursquare Bed & Breakfast Home
    American Foursquare Bed & Breakfast Home

    623 N State Street, Alma, MI 48801

    $435,000
    4,766 sqft 0.88 AC lot

    Updated American Foursquare home with deck, walkout basement, and carriage house suited for a potential B&B.

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    Two-Unit Frame Duplex
    Two-Unit Frame Duplex

    221 Woodworth Avenue, Alma, MI 48801

    $69,900
    2,900 sqft 0.25 AC lot

    Two-story frame property with two bathrooms and fixer-upper condition, zoned for multifamily use.

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    Turnkey 8-Unit Apartment Building
    Turnkey 8-Unit Apartment Building

    421 N State St, Alma, MI 48801

    $899,000
    0.23 AC lot

    Fully leased, remodeled 8-unit apartment building with steady income.

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    Remodeled 8-Unit Apartment Building
    Remodeled 8-Unit Apartment Building

    421 N State Street, Alma, MI 48801

    $899,000
    10,320 sqft 0.23 AC lot

    Fully leased multifamily property with updated interiors, assigned parking, and on-site laundry.

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    Two-Unit Duplex Requiring Rehabilitation
    Two-Unit Duplex Requiring Rehabilitation

    230 Ely Street, Alma, MI 48801

    $50,043
    3,720 sqft 0.13 AC lot

    Top-and-bottom layout with two-bedroom, one-bath units and full rehabilitation required.

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    Quadplex with Apartment and Studios
    Quadplex with Apartment and Studios

    430 Bridge Ave, Alma, MI 48801

    $305,000

    Four-unit property combines a primary residence, apartment, and two studio units with substantial storage and parking.

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    Two-Story Four-Unit Quadplex
    Two-Story Four-Unit Quadplex

    316 Euclid Street, Alma, MI 48801

    $144,000
    1,290 sqft 0.25 AC lot

    Separate utility metering and individual heating systems support straightforward unit-level operations.

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    Mixed-Use Property with Outbuildings
    Mixed-Use Property with Outbuildings

    5705 N State Road, Alma, MI 48801

    $275,000
    23,443 sqft 3.45 AC lot

    Combined residential and commercial property with apartment units, storefront space, office areas, and multiple accessory buildings.

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    Fire-Damaged Duplex With Rehab
    Fire-Damaged Duplex With Rehab

    230 Ely St, Alma, MI 48801

    $50,043
    3,720 sqft

    Top/bottom duplex requiring full rehabilitation, offering a blank-slate interior to support your customized renovation plan.

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    Mixed-Use Property with Barn
    Mixed-Use Property with Barn

    5705 N State Road, Alma, MI 48801

    $275,000
    2,579 sqft 3.45 AC lot

    Residential and commercial spaces provide a diversified rental configuration with additional storage and expansion buildings.

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    Gutted Multifamily Property with Unit Potential
    Gutted Multifamily Property with Unit Potential

    318 Woodworth Avenue, Alma, MI 48801

    $138,000
    0.32 AC lot

    Gutted multifamily asset with major demolition complete and off-street parking.

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    Remodeled 1.5-Story Duplex
    Remodeled 1.5-Story Duplex

    313 Pleasant Ave, Alma, MI 48801

    $154,900

    Remodeled duplex with two separate units and updates including flooring, paint, electrical, and plumbing.

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    Mixed-Use Property with Income Potential
    Mixed-Use Property with Income Potential

    5705 N State Road, Alma, MI 48801

    $375,000
    2,579 sqft 3.45 AC lot

    3.45-acre property with residential and commercial rental income.

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    Duplex Income Property
    Duplex Income Property

    221 Woodworth Ave, Alma, MI 48801

    $69,900

    Built in 1950, the property offers walkable access and moderate bicycle connectivity near downtown Alma.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Alma, MI

    Alma, MI Residential Income Properties Market Trends and Statistics

    Explore 19 residential income properties for sale in Alma, MI, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 65,927 square feet of properties for sale, with an estimated market value of $5,242,686.

    Sale prices for residential income properties in Alma, MI start at $50,043, averaging $275,930, 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

    Commercial property segments ranked by active listings on the market

    Multifamily properties 20
    Duplexes 6
    Apartment buildings 5
    Quadplexes 4
    Triplexes 2

    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 average listing prices of real estate assets

    Neighborhood Average Price
    48801 $283.8K

    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%

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Gratiot County

    Residential Income

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