426 N State Street Alma, MI $ 169,000
426 N State Street
$ 169,000
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426 N State Street

Alma, MI, 48801
$ 169,000
Baths0.0

Monthly Estimate*

$ 1,054

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Studio

Multi-Family Home for sale in Alma, MI

for $169,000. This 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

$ 169,000

Bedrooms

Studio

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

80053164

Features
General
Heating Steam
Possession At Close
Garage Attached Garage
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Year Built 1970
Parking Garage
Subdivision ORIGINAL TOWN MI
Water Heater Gas
Style Victorian
County Gratiot
Class MULTIFAMILY
Type Multi-Family
Ownership Corporation
Municipality Alma
Section 34
Zoning Commercial
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Area Alma (29017)
Primary City Alma
Directions North on State house on East side of street.
City Alma
School District Alma Public Schools
Financial Terms Cash
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
DOM 347
Postal Code 48801
Public Remarks 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
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Interior
Basement Poured
Total Number of Units 5
Fuel Type Natural Gas
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Exterior
Exterior Amenities Porch Sidewalks
Lot Size Area 0.18
Lot Dimensions 69.5 x 110
Water Features None
Waterfront Y/N No
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* Excluded Features
List By
Micah Kemler

Listing Agent

43 North Realty

Broker

mkemler7@gmail.com

Email

Affordability Calculator

$1,430
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,054
Monthly Property Taxes
$375
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
1609007 Elementary School
1609005 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/10/2025$169,000 -2.87% Price Down
3/28/2025$174,000 -2.79% Price Down
2/12/2025$179,000 -5.29% Price Down
12/21/2024$189,000 Listed Price

Map


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426 N State Street, Alma, MI, 48801 is a Multi-Family Home for sale at $169,000 with a lot size of 0.18. 426 N State Street is a studio with 0.0 baths and was built in 1970. The property's zip code is 48801 which is in Alma, MI