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Alma, MI Multifamily Homes & Duplexes for Sale

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  • /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
  • /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

Why Live in Alma

Alma, located in the center of Michigan’s lower peninsula, is a small city with a population of around 9,000 people. Known for its historical significance in truck manufacturing during World War I, Alma today is a quiet community surrounded by farmland. The city offers a strong sense of community, with residents frequently encountering familiar faces at local gyms, churches, and workplaces. Major employers include Alma College, MyMichigan Medical Center, and the retirement facility Masonic Homes, contributing to a stable local economy. Alma’s housing market features many homes from the late 1800s and early 1900s, showcasing Victorian and Craftsman architecture, along with ranch and split-level homes from the mid-20th century. The median home price is notably affordable at $160,000. Alma College, a private liberal arts institution, enriches the community with its Highland Arts program and frequent music and theater performances. The Alma Riverwalk and the Fred Meijer Heartland Trail offer scenic routes for walking, biking, and cross-country skiing. Alma’s downtown district, listed on the National Register of Historic Places, features vintage storefronts, family-friendly venues, and diverse dining options, including breweries and family-owned restaurants. The city celebrates its Scottish heritage with the annual Highland Festival, a major event featuring music, dancing, and athletic competitions. Alma is safer than the national average, with crime rates below state averages and significantly lower than those in larger cities like Grand Rapids. The city is 40 miles from Saginaw and MBS International Airport, 50 miles from Lansing, and 80 miles from Grand Rapids. Future plans for a passenger rail line could further enhance connectivity.

Home Trends in Alma, MI

Housing Trends

Median Sale Price
$163,850
Median Single Family Sale Price
$166,700
Average Price Per Sq Ft
$125
Number of Homes for Sale
21
Last 12 months Home Sales
220
Months of Supply
1.10
Median List Price
$166,700
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-4%
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