$110,000
SOLD JAN 14, 2026

256 Ely St Alma, MI 48801

-- Bed
3 Baths
2,080 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

8% Below List Price

83 Days on Market

About This Home

As of January 2026

Great Investment Opportunity in Alma! This 2-story triplex offers a total of approximately 2,080 square feet and is conveniently located near the river, local parks, and downtown Alma—just steps away from shopping, dining, and entertainment. Unit #1 features 2 bedrooms, 1 bath, and around 750 sq. ft. of living space, currently rented for $675 per month. Unit #2 is another 2-bedroom, 1-bath layout with approximately 700 sq. ft., bringing in $625 per month. Unit #3 offers 1 bedroom, 1 bath, and about 600 sq. ft., with rent at $525 per month. This property provides steady rental income with reliable tenants already in place. Whether you’re looking to expand your investment portfolio or start with your first rental property, this triplex delivers both value and location.

Last Agent to Sell the Property

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 10/23/2025

Last Buyer's Agent

Jonas Saia

EXP REALTY LLC License #6501462578

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,521

Year Built

  • Built in 1956

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 71 x 146 x 61 x 181

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3 Bathrooms
  • 2-Story Property
  • Oven or Range

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $1,825
  • Rent includes exterior maintenance, electricity

Community Details

Overview

  • 3 Units
  • Rockingham Place Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,521

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Community Features: None
  • Horses: No
  • Lot Size: 71 x 146 x 61 x 181
  • Road Surface Type: Asphalt
  • Has Spa?: No
  • Has View?: No
  • Association Fee Frequency: Annually
  • Co List Office Mls Id: C00121
  • Subdivision Name: Rockingham Place
  • Accessibility Features: None
  • Has Fireplace?: No
  • Unit Levels: Two
  • Living Area: 2080
  • Is New Construction?: No
  • Property Attached Yn: Yes
  • Year Built: 1956
  • Special Features: None

Interior Features

  • Interior Amenities: None
  • Number Of Buildings: 1
  • Appliances: Refrigerator, Oven/Range
  • Fireplace Features: None
  • Stories: 2

Exterior Features

  • Exterior Features: None
  • Roof: Asphalt
  • Has Private Pool?: No
  • Waterfront Features: None
  • Waterfront?: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Block
  • Other Structures: None

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Wall Furnace, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Exterior Maintenance, Electricity
  • Pets Allowed: false

Schools

  • Junior High Dist: Alma Public Schools

Lot Info

  • Land Lease Amount Frequency: Annually
  • Lot Size Sq Ft: 10018.8
  • Zoning Description: Residential,Rental History

Rental Info

  • Lease Term: Month To Month
  • Land Lease Amount: 525

Multi Family

  • Number Of Units Total: 3
  • Total Actual Rent: 1825
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2520.96
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 1999
Bought by
Minarik
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $37,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2026 01/14/26 Sold $110,000 -7.6% $53 / Sq Ft
10/23/2025 10/23/25 For Sale $119,000 -- $57 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

Tax History

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
2025 $2,040 $81,100 $0 $0
2024 $2,040 $68,900 $0 $0
2023 $133 $62,900 $0 $0
2020 $133 $50,400 $0 $0
2019 -- $24,600 $0 $0
2018 -- $24,400 $0 $0
2017 -- $25,400 $0 $0
2016 -- $22,900 $0 $0
2015 -- $21,500 $0 $0
2014 -- $23,600 $0 $0
2013 -- $29,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Micah Kemler

    Seller's Agent in 2026

    Micah Kemler

    43 NORTH REALTY

    (989) 330-4037

    57 in this area

    143 Total Sales

    Micah Kemler
    Section Image

  • J

    Buyer's Agent in 2026

    Jonas Saia

    EXP REALTY LLC

    (775) 843-6681

    1 in this area

    3 Total Sales

    Jonas Saia
    Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1939869

Northern Great Lakes REALTORS® MLS

APN: 51-031-552-00

Michigan Gratiot County Alma 48801

256 Ely St, Alma, MI

Sold

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Great Lakes REALTORS® MLS The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS® MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Copyright 2026 Northern Great Lakes REALTORS® MLS. All Rights Reserved.

Nearby Homes