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    Alma, MI
    Residential Income

    Alma, MI Residential Income Properties for Sale

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    Found 14 residential income property listings for sale in Alma, MI, averaging $98/sq ft. Use valuation data to compare deals faster.
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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 feet on a 0.32‑acre lot
    Main home with 4 bedrooms, 2 bathrooms, and two kitchens
    Separate 1,176‑square‑foot apartment with 2 bedrooms, 2 bathrooms, and a covered deck
    Two single‑room studio units
    1,021‑square‑foot basement and 13‑by‑38‑foot storage/workshop area
    View details
    Two-Building Multifamily Property
    Updated: Aug 8
    Two-Building Multifamily Property

    1107 Michigan Avenue, Alma, MI 48801

    $245,000
    2,782 sqft 0.29 AC lot
    Two‑building multifamily property totaling 2,782 square feet on 0.29 acres
    Parsonage includes 3 bedrooms and 1.5 baths
    Former church building offers 2 bedrooms and a half bath
    Residential zoning
    Hardwood floors, storage space, loft, mud room, and solarium or sun room
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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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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Three-Unit Apartment Property
    Three-Unit Apartment Property

    310 W Superior St, Alma, MI 48801

    $176,000
    560 sqft

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

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    Two-Story Triplex with Covered Porch
    Two-Story Triplex with Covered Porch

    310 W Superior Street, Alma, MI 48801

    $176,000
    1,700 sqft 0.23 AC lot

    Three separately metered apartments feature one-bedroom, one-bath layouts with shared water, sewer, and trash service.

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

    623 N State Street, Alma, MI 48801

    $415,000
    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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    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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    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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    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-Story Four-Unit Quadplex
    Two-Story Four-Unit Quadplex

    316 Euclid Street, Alma, MI 48801

    $136,000
    1,290 sqft 0.25 AC lot

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

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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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    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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    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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    14 active listings match your search: Residential Income for sale in Alma, MI. Based on your search, we've also compiled 8 Potential Opportunities for your consideration: 4 properties in nearby cities and 4 land listings with development potential.

    Opportunities in Nearby Cities

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

    Mixed-Use Property with Salon Space
    Mixed-Use Property with Salon Space

    160 E Center, Ithaca, MI 48847

    $175,000
    3,444 sqft 0.10 AC lot

    A second-floor apartment and upper-level studio/storage space complement the salon configuration.

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    Duplex with Oversized Garage
    Duplex with Oversized Garage

    8941 S Mission Road, Mt Pleasant, MI 48858

    $299,000
    2,400 sqft 1.00 AC lot

    Two-bedroom apartment suite complements a four-bedroom main residence on a landscaped rural parcel.

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    Residential Income Property Corner Lot
    Residential Income Property Corner Lot

    4497 S Isabella Road, Mt Pleasant, MI 48858

    $325,000
    1.23 AC lot

    Stoplight corner at a busy intersection, subject to a current residential lease.

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    Updated Duplex with Detached Garage
    Updated Duplex with Detached Garage

    501 N Pine River Street, Ithaca, MI 48847

    $89,900
    0.28 AC lot

    Two separate living units and a one-year city rental certification support continued residential rental use.

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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.

    Residential Corner Lot in Alma
    Residential Corner Lot in Alma

    427 E Downie Street, Alma, MI 48801

    Contact for pricing
    0.10 AC lot

    Corner lot suitable for residential development with city variance approval.

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    Residential Lot in Gemstone Fields
    Residential Lot in Gemstone Fields

    248 Ruby Court, Alma, MI 48801

    Contact for pricing
    0.54 AC lot

    Vacant lot for building a new home in Alma, MI.

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    Waterfront Building Lot with River Views
    Waterfront Building Lot with River Views

    Riverview lot: 43, Alma, MI 48801

    Contact for pricing
    0.39 AC lot

    Cleared waterfront lot with mature trees and wooded back, near Alma College and the Heartland Trail.

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    Residential Land in Alma, MI
    Residential Land in Alma, MI

    278 Ruby Court, Alma, MI 48801

    Contact for pricing
    0.41 AC lot

    Vacant lot for building a new home in Alma.

    View details

    Alma, MI Residential Income Properties Market Trends and Statistics

    Explore 14 residential income properties for sale in Alma, MI, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 62,207 square feet of properties for sale, with an estimated market value of $3,689,843.

    Sale prices for residential investment properties in Alma, MI start at $50,043, averaging $263,560, 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 15
    Apartment buildings 4
    Duplexes 3
    Quadplexes 3
    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 $272K

    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)

    How Realmo verifies these figures

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    Popular Searches in Alma, MI

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    Most Searched ZIP Codes in Alma, MI

    • 48801

    Featured Alma Real Estate Agencies

    Realmo connects you with licensed Alma CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    CENTURY 21 LEE-MAC REALTY
    605 W WARWICK DRIVE Alma, MI 48801
    Phone: (989) 463-6085
    43 NORTH REALTY
    202 E Superior Street Alma, MI 48801
    Phone: (989) 463-1219
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