$159,000

426 N State Street, Alma, MI 48801

  • 5 baths |
  • 2,800 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $57/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

Prime 5-Unit Multi-Family Property Near Downtown Alma!! Looking for a great investment opportunity? This fully rented 5-unit multi-family property is located right in the heart downtown Alma, offering convenience for tenants and steady income for owners. The building features durable vinyl siding and a low-maintenance metal roof, ensuring long-term durability. Each of the five apartments is a 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.

Listing Status:
Active
Data Last Updated:
April 5, 2026 at 7:07AM
Listing Office:
43 NORTH REALTY : 989-463-1219
Listing Agent:
Micah Kemler :
MLS ID:
1929756
  • General: NoneCable TVHigh Speed Internet
  • Appliances: RefrigeratorOven/RangeGas Water Heater
  • Heating: SteamNatural Gas
  • Fireplace: None
  • Disability Feature: None
  • General: Sidewalk
  • Style: Victorian
  • Parking: Attached
  • Roofing: Metal
  • General: FrameVinyl Siding2Poured Concrete
  • HOA Amenities: Annually
  • Originating MLS: NGLRMLS API
  • School District: Alma Public Schools
  • County: Gratiot
  • Zoning: ORIGINAL TOWNCOM 56 FT S OF NW COR OF LOT 12TH S 69 1/2 FT E 110 FT N 69 1/2 FT W 110 FT TO BEGBLOCK 21 426 N STATE ST
  • Water: Public
  • Sewer: Public Sewer
  • Source: NGLRMLS API
  • Ownership: Corporation

This listing courtesy of Micah Kemler , 43 NORTH REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pine Avenue Elementary School

1025 Pine Ave, Alma, MI, 48801

Grades 4-5

0.57 miles away

D

Donald L Pavlik Middle School

1700 Pine Ave, Alma, MI, 48801

Grades 6-8

1.13 miles away

A

Alma Senior High School

1500 Pine Ave, Alma, MI, 48801

Grades 9-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.