$50,043

230 Ely St Alma, MI 48801

Estimated payment $321/month

Total Views 3,405
-- Bed
-- Bath
3,720 Sq Ft
$13 Price per Sq Ft

Highlights

  • Covered Patio or Porch
  • Landscaped
  • 2-minute walk to Riverside Park
  • Multiple cooling system units
  • Forced Air Heating System

About This Home

Investor opportunity on Alma’s south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate—perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650–$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!

Listing Agent

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 06/07/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 58 x 96
  • Landscaped

Home Design

  • Duplex
  • Fixer Upper
  • Asphalt Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,720 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • City Of Alma Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Community Features: None
  • Horses: No
  • Lot Features: Landscaped
  • LotSizeAcres: 0.13
  • Lot Size: 58 x 96
  • Road Surface Type: Asphalt
  • Has Spa?: No
  • Has View?: No
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: C00121
  • Subdivision Name: City of Alma
  • Accessibility Features: None
  • Basement: Crawl Space
  • Has Cooling?: Yes
  • Has Fireplace?: No
  • Unit Levels: Two
  • Living Area: 3720
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Structure Type: Duplex
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: None
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Exterior Features: Sidewalk
  • Roof: Asphalt, Metal
  • Has Private Pool?: No
  • Waterfront Features: None
  • Waterfront?: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Other Structures: None
  • Patio And Porch Features: Covered
  • Property Condition: Fixer

Garage/Parking

  • Has Carport?: No
  • Has Attached Garage?: No
  • Has Open Parking?: No
  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Heating: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Not For Lease
  • Pets Allowed: false

Schools

  • Junior High Dist: Alma Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 5662.8
  • Zoning Description: Residential,Multi-Family

Rental Info

  • Lease Term: Not For Lease

Multi Family

  • Number Of Units Total: 2
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2656.49
  • Tax Year: 2024

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,516 $60,900 $0 $0
2025 $2,516 $59,100 $0 $0
2024 $2,516 $50,200 $0 $0
2023 $120 $45,800 $0 $0
2020 $120 $36,800 $0 $0
2019 -- $33,100 $0 $0
2018 -- $28,700 $0 $0
2017 -- $29,100 $0 $0
2016 -- $28,700 $0 $0
2015 -- $27,800 $0 $0
2014 -- $27,300 $0 $0
2013 -- $27,300 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2026 06/07/26 For Sale $50,043 -- $13 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1946299

Northern Great Lakes REALTORS® MLS

APN: 51-031-547-00

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