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256 Ely Street Alma, MI $ 119,000
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$ 119,000 Get more info
256 Ely Street
$ 119,000
Back to search
Share Save

256 Ely Street

Alma, MI, 48801
$ 119,000
Bedrooms5 Baths3.0 Sq 2,080

Monthly Estimate*

$ 742

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Multi-Family Home for sale in Alma, MI

for $119,000 with 5 bedrooms and 3 full baths. This 2,080 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 Alma—just 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 you’re looking to expand your investment portfolio or start with your first rental property, this triplex delivers both value and location.

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Multi-Family Active

Price

$ 119,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

2 Story

Lot Size

0.23

Year Built

1956

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

1939869
Features
General
Roof Asphalt
Zoning Residential Rental History
Sewer Municipal
Construction Frame
School District Alma Public Schools
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Interior
Basement Block
Interior Features None
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Exterior
Exterior Features None
Water Features None
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* Excluded Features
List By
43 North Realty

Broker

(989) 330-4037

Phone

Affordability Calculator

$742
Per Month
100%
0%
0%
Monthly Principal & Interest
$742
Monthly Property Taxes
--
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
2034338 Elementary School
2034404 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
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 2,080 sqft and a lot size of 0.23. 256 Ely Street has 5 bedrooms, 3.0 baths, and was built in 1956. The property's zip code is 48801 which is in Alma, MI

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