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!
For sale
$50,043
230 Ely St, Alma, MI 48801
--beds
--baths
3,720sqft
Multi Family
Built in 1959
-- sqft lot
$-- Zestimate®
$13/sqft
$-- HOA
What's special
- 120 days
- 140
- 0
Zillow last checked:
Listing updated:
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Source: NGLRMLS,MLS#: 1946299
Facts & features
Interior
Heating
- Forced Air, Natural Gas
Cooling
- Multi Units
Appliances
- Included: None
Features
- Basement: Crawl Space
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 3,720
- Total interior livable area: 3,720 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Sidewalk
- Waterfront features: None
Lot
- Size: 5,662 Square Feet
- Dimensions: 58 x 96
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 5103154700
- Zoning description: Residential,Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Roof: Asphalt,Metal
Condition
- Fixer
- New construction: No
- Year built: 1959
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: City of Alma
Location
- Region: Alma
Financial & listing details
- Price per square foot: $13/sqft
- Tax assessed value: $42,686
- Annual tax amount: $2,656
- Price range: $50K - $50K
- Date on market: 6/8/2026
- Cumulative days on market: 122 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Ownership type: Corporation
- Lease term: Not For Lease
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,014/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Listed for sale | $50,043-5.6%$13/sqft |
Source:  NGLRMLS #1946299 Report a problem | ||
| 3/20/2025 | Sold | $53,000$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,668 +1% | $60,900 +3% |
| 2025 | $2,640 +6% | $59,100 +17.7% |
| 2024 | $2,492 | $50,200 +9.6% |
| 2023 | -- | $45,800 +21.8% |
| 2022 | -- | $37,600 +6.2% |
| 2021 | -- | $35,400 -3.8% |
| 2020 | -- | $36,800 +11.2% |
| 2019 | -- | $33,100 +15.3% |
| 2018 | -- | $28,700 -1.4% |
| 2017 | -- | $29,100 +1.4% |
| 2016 | -- | $28,700 +3.2% |
| 2015 | -- | $27,800 +1.8% |
| 2014 | -- | $27,300 |
| 2013 | -- | $27,300 -1.8% |
| 2012 | -- | $27,800 -3.1% |
| 2011 | -- | $28,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 48801
Nearby schools
Schools provided by the listing agent
- District: Alma Public Schools
Source: NGLRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
