256 Ely Street Alma, MI ^$ 119,000

256 Ely Street

^$ 119,000

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256 Ely Street

Alma, MI, 48801

^$ 119,000

Studio Baths0.0 Sq 750

Monthly Estimate*

^$ 742

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Studio

Multi-Family Home for sale in Alma, MI

for $119,000. This 750 square foot home was built in 1956 on a lot size of 0.23.

Great Investment Opportunity in Alma! This 2-story triplex offers a total of approximately 2,080 square feet and is conveniently located near the river, local parks, and downtown AlmaÃ¢â¬âjust steps away from shopping, dining, and entertainment. Unit #1 features 2 bedrooms, 1 bath, and around 750 sq. ft. of living space, currently rented for $675 per month. Unit #2 is another 2-bedroom, 1-bath layout with approximately 700 sq. ft., bringing in $625 per month. Unit #3 offers 1 bedroom, 1 bath, and about 600 sq. ft., with rent at $525 per month. This property provides steady rental income with reliable tenants already in place. Whether youÃ¢â¬â¢re looking to expand your investment portfolio or start with your first rental property, this triplex delivers both value and location.

Multi-Family Active

Price

^$ 119,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,520

Style

Lot Size

0.23

Year Built

1956

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80063097

Features

General

Heating Forced Air Wall Heat

Cooling Wall/Window A/C

Possession At Close

Water Public Water

Appliances Range/Oven Refrigerator

Status Active Active

Year Built 1956

Subdivision Rockingham Place MI

County Gratiot

Class MULTIFAMILY

Type Multi-Family

Ownership Corporation

Municipality Alma

Section 3

Zoning Residential

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Alma (29017)

Primary City Alma

Directions From Superior Street South on Woodworth East on Ely property is on south side of the street.

City Alma

School District Alma Public Schools

Financial Terms Cash FHA Rural Development VA

Legal Description ROCKINGHAM PLACE LOT 26 EXCEPT W 54' AND S 50'.

DOM 48

Postal Code 48801

Price Per Sq Ft Total AG 158.67

Public Remarks Great Investment Opportunity in Alma! This 2-story triplex offers a total of approximately 2 080 square feet and is conveniently located near the river local parks

Interior

Basement Block

Total Number of Units 3

Fuel Type Natural Gas

Exterior

Lot Size Area 0.23

Lot Dimensions 71 x 146 x 61 x 181

Water Features None

Waterfront Y/N No

* Excluded Features

List By

Micah Kemler

Listing Agent

43 North Realty

Broker

mkemler7@gmail.com

Affordability Calculator

$952

Per Month

Monthly Principal & Interest: $742
Monthly Property Taxes: $210
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Alma, MI

Average List Price ^$223,654

Percent of Sale Price 88%

About Alma, MI

9,004 Population

-3% Since 2002

^$35,817 Median Income

31.88 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1609007 Elementary School

1609005 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/24/2025	$119,000		Listed Price

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256 Ely Street, Alma, MI, 48801 is a Multi-Family Home for sale at $119,000 with 750 sqft and a lot size of 0.23. 256 Ely Street is a studio with 0.0 baths and was built in 1956. The property's zip code is 48801 which is in Alma, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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256 Ely Street

Multi-Family Home for sale in Alma, MI

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