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426 N State Street Alma, MI $ 159,000
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$ 159,000 Get more info
426 N State Street
$ 159,000
Back to search
Share Save

426 N State Street

Alma, MI, 48801
$ 159,000
Baths5.0 Sq 2,800

Monthly Estimate*

$ 979

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Studio

Multi-Family Home for sale in Alma, MI

for $159,000 with 5 full baths. This 2,800 square foot home was built in 1970 on a lot size of 0.18.

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.

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Multi-Family Active

Price

$ 159,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 4,503

Style

Victorian

Lot Size

0.18

Year Built

1970

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

1929756
Features
Interior
Interior Amenities None High Speed Internet Cable TV
Fireplace Features None
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 5
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General
Sewer Public Sewer
Heating Steam Natural Gas
Possession Close Of Escrow
Roof Metal
Appliances Refrigerator Oven/Range Gas Water Heater
Patio/Porch Features Covered
Architectural Style Victorian
Construction Materials Frame Vinyl Siding
Pets Allowed false
Year Built 1970
Stories Count 2
Township City of Alma
Levels 2+ Stories
Property Subtype Multi Family
Tax Year 2024
Waterfront Features None
Community Features None
Accessibility None
Assoc Fee Paid Per Annually
County Gratiot
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name ORIGINAL TOWN
Garage Y/N N
Other Structures None
Rent Includes Trash Collection Heating/Cooling Water Sewer
Status Active
Directions North on State house on East side of street.
City Alma
High School District Alma Public Schools
Zoning Description Commercial
Number Of Units Total 5
Lot Size Units Acres
Lot Size Square Feet 7840.8
Carport Y/N N
Tax Annual Amount 4503.69
Electric Expense 139.08
Home Warranty Y/N N
Ok to Lease Month To Month 12 Months
Lease Renewal Y/N Y
Lease Considered Y/N N
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Alma Public Schools
Elementary School District Alma Public Schools
Tax Assessed Value 68424
Total Actual Rent 2200
Ownership Type Corporation
Leasehold Rent $/Mo 475
Lease Amount Frequency Annually
Legal Description ORIGINAL TOWN COM 56 FT S OF NW COR OF LOT 12 TH S 69 1/2 FT E 110 FT N 69 1/2 FT W 110 FT TO BEG BLOCK 21 426 N STATE ST
Year Built Effective 2020
Freehold IDX
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Exterior
Exterior Amenities Sidewalk
Parking Features Attached
Water Source Public
Lot Size Area 0.18
Foundation Details Poured Concrete
Number of Buildings 1
Spa N
Lot Dimensions 69.5 x 110
Lot Size Acres 0.18
Waterfront Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
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* Excluded Features
List By
43 North Realty

Broker

mkemler7@gmail.com

Email

Affordability Calculator

$1,354
Per Month
72%
28%
0%
Monthly Principal & Interest
$979
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2034338 Elementary School
2034404 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/22/2025$159,000 -5.92% Price Down
5/10/2025$169,000 -2.87% Price Down
3/28/2025$174,000 -2.79% Price Down
2/11/2025$179,000 -5.29% Price Down
12/21/2024$189,000 Listed Price

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426 N State Street, Alma, MI, 48801 is a Multi-Family Home for sale at $159,000 with 2,800 sqft and a lot size of 0.18. 426 N State Street is a studio with 5.0 baths and was built in 1970. The property's zip code is 48801 which is in Alma, MI

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