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 1-bedroom, 1-bath unit with a cozy kitchen and a main living space, perfect for singles or couples. With gross rents totaling $2,750 per month, this property is already generating strong cash flow. Its proximity to downtown Alma means tenants are close to shopping, dining, and local amenities. Don’t miss out on this ready-to-go investment! Schedule a showing today and see the potential for yourself! All measurements are approximated and should be verified by a professional. Seller is a licensed real estate broker in the State of Michigan.
For sale
Price cut: $5K (3/28)
$174,000
426 N State St, Alma, MI 48801
--beds
5baths
2,800sqft
Est.:
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$62/sqft
$-- HOA
What's special
Low-maintenance metal roofMain living spaceCozy kitchen
- 125 days
- on Zillow |
- 334 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: March 30, 2025 at 11:09pm
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Source: NGLRMLS,MLS#: 1929756

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 5
Heating
- Steam, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Gas Water Heater
Features
- None, Cable TV, High Speed Internet
- Has fireplace: Yes
- Fireplace features: Stove
Interior area
- Total interior livable area: 2,800 sqft
Property
Parking
- Parking features: Attached
Accessibility
- Accessibility features: None
Features
- Levels: 2+ Stories
- Stories: 2
- Patio & porch: Covered
- Exterior features: Rain Gutters
- Waterfront features: None
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 69.5 x 110
Details
- Additional structures: None
- Parcel number: 51-344-592-00
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Foundation: Poured Concrete
- Roof: Metal
Condition
- New construction: No
- Year built: 1970
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: ORIGINAL TOWN
Location
- Region: Alma
Financial & listing details
- Price per square foot: $62/sqft
- Tax assessed value: $63,207
- Annual tax amount: $4,266
- Price range: $174K - $174K
- Date on market: 12/21/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Lease term: Month To Month,12 Months
- Total actual rent: 2750
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