316 Euclid Street Alma, MI $ 149,000
316 Euclid Street
$ 149,000
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316 Euclid Street

Alma, MI, 48801
$ 149,000
Baths0.0

Monthly Estimate*

$ 941

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Studio

Multi-Family Home for sale in Alma, MI

for $149,000. This home was built in 1949 on a lot size of 0.25.

Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!

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Multi-Family Active

Price

$ 149,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,024

Style

Lot Size

0.25

Year Built

1949

Town/City

Alma

County/Region

Gratiot

MLS | Web ID

80070643

Features
Interior
Interior Amenities Window Treatment(s)
Basement Block
Total Number of Units 4
Fuel Type Natural Gas
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General
Heating Wall Heat Forced Air
Cooling Wall/Window A/C
Possession Subject To Tenant Rights
Water Public Water
Appliances Range/Oven Refrigerator
Status Active Active
Year Built 1949
Subdivision N/A MI
County Gratiot
Class MULTIFAMILY
Type Multi-Family
Ownership Corporation
Municipality Alma
Section 3
Zoning Multi-Family
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Structure Style 2 Story
Area Alma (29017)
Primary City Alma
Directions FROM PINE AVE TURN EAST ON SUPERIOR TO LIGHT TURN RIGHT AT LIGHT TO PROPERTY
City Alma
School District Alma Public Schools
Financial Terms Cash
Legal Description ORIGINAL TOWN CITY OF ALMA LOT 10 BLK 28
DOM 1
Postal Code 48801
Public Remarks Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history
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Exterior
Exterior Aluminum
Exterior Amenities Porch
Lot Size Area 0.25
Lot Dimensions 66 x 165
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

$1,109
Per Month
85%
15%
0%
Monthly Principal & Interest
$941
Monthly Property Taxes
$169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/3/2026$149,000 Listed Price

Map


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316 Euclid Street, Alma, MI, 48801 is a Multi-Family Home for sale at $149,000 with a lot size of 0.25. 316 Euclid Street is a studio with 0.0 baths and was built in 1949. The property's zip code is 48801 which is in Alma, MI