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    Alma, MI Residential Income Properties for Sale

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    Multifamily Property with Covered Deck
    Updated: Jul 30
    Multifamily Property with Covered Deck

    430 Bridge Avenue, Alma, MI 48801

    $305,000
    4,288 sqft 0.32 AC lot
    0.32‑acre lot with large concrete driveway and RV parking
    Main home: 4 bedrooms, 2 bathrooms, two full kitchens, first‑floor laundry
    1,021 SF basement for storage
    Newer 1,176 SF apartment: 2 beds, 2 baths, large covered deck
    Two single‑room studio units plus 13 x 38 storage/workshop
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    Two-Building Multifamily Property
    Updated: Aug 8
    Two-Building Multifamily Property

    1107 Michigan Avenue, Alma, MI 48801

    $275,000
    2,782 sqft 0.29 AC lot
    Two buildings included: former church and neighboring parsonage
    2,782 square feet on a 0.29‑acre lot
    Parsonage includes 3 bedrooms and 1.5 baths
    Former church includes 2 bedrooms and a half bath
    Residential zoning
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    Triplex with Covered Porch
    Triplex with Covered Porch

    310 W Superior Street, Alma, MI 48801

    $189,000
    1,700 sqft 0.23 AC lot

    Frame triplex built in 1967 with a covered porch and three one-bedroom, one-bath apartments.

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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 Duplex with Back Deck
    Remodeled Duplex with Back Deck

    313 Pleasant Avenue, Alma, MI 48801

    $160,000
    1,280 sqft 0.34 AC lot

    Lower unit has 2 bedrooms and a back deck, and the upper unit has 1 bedroom and 1 bath.

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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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    Top-Bottom Duplex Fixer-Upper
    Top-Bottom Duplex Fixer-Upper

    230 Ely Street, Alma, MI 48801

    $50,043
    3,720 sqft 0.13 AC lot

    Top/bottom duplex with two 2-bed, 1-bath units requiring full rehabilitation after a recent fire.

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

    Alma, MI 48801

    $375,000
    3.45 AC lot

    3.45-acre property with residential and commercial rental 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, remodeled eight-unit multifamily property with a mix of one- and two-bedroom apartments.

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    Quadplex with Screened Porch
    Quadplex with Screened Porch

    316 Euclid Street, Alma, MI 48801

    $149,000
    1,290 sqft 0.25 AC lot

    Well-maintained quadplex on a 0.25-acre lot with a screened porch and separate utility service for each unit.

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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 Storefront & Apartments
    Mixed-Use Property with Storefront & Apartments

    5705 N State Road, Alma, MI 48801

    $375,000
    23,443 sqft 3.45 AC lot

    Mixed-use property with four fully rented apartments, a storefront commercial space, and on-site barn and pole building.

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    Quadplex with Commercial Storefront
    Quadplex with Commercial Storefront

    5705 N State Road, Alma, MI 48801

    $375,000
    2,579 sqft 3.45 AC lot

    Mixed-use quadplex with commercial store frontage, office space, and multiple outbuildings on 3.45 acres.

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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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    Multifamily Renovation Property
    Multifamily Renovation Property

    318 Woodworth Avenue, Alma, MI 48801

    $138,000
    0.32 AC lot

    Gutted multifamily property with completed demolition work and room for a new interior configuration.

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    Three-Unit Apartment Property
    Three-Unit Apartment Property

    310 W Superior St, Alma, MI 48801

    $189,000

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

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    Remodeled 1.5-Story Duplex
    Remodeled 1.5-Story Duplex

    313 Pleasant Ave, Alma, MI 48801

    $160,000

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

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    Alma Investment Opportunity: Multi-Unit Potential
    Alma Investment Opportunity: Multi-Unit Potential

    318 Woodworth Avenue, Alma, MI 48801

    Contact for pricing

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

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Alma, MI

    Alma, MI Residential Income Properties Market Trends and Statistics

    Explore 18 residential income properties for sale in Alma, MI, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 59,888 square feet of properties for sale, with an estimated market value of $5,328,086.

    Sale prices for residential income properties in Alma, MI start at $50,043, averaging $313,416, 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
    Apartment buildings 6
    Duplexes 4
    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 $262.6K

    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%

    Listings Trend

    New vs delisted commercial listings in Gratiot County

    New Delisted

    Total CRE Inventory on Market (SF)

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