$139,000
- 3 Beds
- 2 Baths
- 1,475 Sq Ft
130 Grafton Ave, Alma, MI 48801
Bob Fall CENTURY 21 LEE-MAC REALTY
$139,000
130 Grafton Ave, Alma, MI 48801
Bob Fall CENTURY 21 LEE-MAC REALTY
$309,900
230 N State St, Alma, MI 48801
Josh Devereaux RE/MAX Finest
$169,000
426 N State St, Alma, MI 48801
Micah Kemler 43 NORTH REALTY
$499,000
5705 N State Rd, Alma, MI 48801
Cody Nevins AMERICA'S CHOICE REALTY LLC
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.
On average, homes in Alma, MI sell after 46 days on the market compared to the national average of 52 days. The median sale price for homes in Alma, MI over the last 12 months is $166,700, up 3% from the median home sale price over the previous 12 months.
In Alma, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $139,000 to $499,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Alma is $172,000, while the average sale price is $190,097, offering insights into the local housing market. On average, multi-family homes spend 46 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.