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Alma, MI Multifamily Homes & Duplexes for Sale

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  • 426 N State St, Alma, MI 48801
    426 N State St, Alma, MI 48801
    426 N State St, Alma, MI 48801
    /46

    $169,000

    • 4 Beds
    • 5 Baths
    • 2,800 Sq Ft

    426 N State St, Alma, MI 48801

    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

    Micah Kemler 43 NORTH REALTY

    426 N State St, Alma, MI 48801
  • 5705 N State Rd, Alma, MI 48801
    5705 N State Rd, Alma, MI 48801
    5705 N State Rd, Alma, MI 48801
    /39

    $499,000

    • 6 Beds
    • 4 Baths
    • 2,579 Sq Ft

    5705 N State Rd, Alma, MI 48801

    This 3.45-acre mixed-use property offers a unique investment opportunity with both steady residential and commercial rental income. It features four fully-rented apartment units, with a fifth unit nearing completion, as well as a newer 400-foot, 5-inch well. The property also includes a commercial building with store frontage, office space, and a special-purpose 80x40 barn, built in 2011.

    Cody Nevins AMERICA'S CHOICE REALTY LLC

    5705 N State Rd, Alma, MI 48801
Michigan Alma

Multi-Family Homes & Duplexes for Sale in Alma, MI

Why Live in Alma

Due to its central location, Alma is less than 3 hours from everything that Michigan's lower peninsula has to offer, including sandy lakeshores, snowmobiling trails, downtown Detroit and downtown Grand Rapids. The city was once known for being a global leader in truck manufacturing during World War I, but after its initial growth, the population stagnated at around 9,000 people. Today, Alma is a quiet place to live, surrounded by farmland for many miles. “People often choose to live in Alma because of the sense of community,” says Brandi Stupic ...

Learn more about living in Alma

Home Trends in Alma, MI

On average, homes in Alma, MI sell after 61 days on the market compared to the national average of 49 days. The median sale price for homes in Alma, MI over the last 12 months is $161,000, down 11% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$161,000
Median Single Family Sale Price
$165,750
Average Price Per Sq Ft
$117
Number of Homes for Sale
19
Last 12 months Home Sales
229
Months of Supply
1.00
Median List Price
$164,950
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-11%
How to Buy a Home How to Finance a Home How to Sell a Home

In Alma, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $169,000 to $499,000, there's a range to accomodate every budget. As of May, 2025 the median home price in Alma is $164,950, while the average sale price is $191,235, offering insights into the local housing market. On average, multi-family homes spend 61 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Alma, MI.

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