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.
Sold for $110,000
$110,000
256 Ely St, Alma, MI 48801
5beds
3baths
2,080sqft
Multi Family
Built in 1956
-- sqft lot
$115,100 Zestimate®
$53/sqft
$1,085 Estimated rent
Home value
$115,100
Estimated sales range
Not available
$1,085/mo
Zestimate® history
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$581/mo
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Zillow last checked:
Listing updated:
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Bought with:
Jonas Saia, 6501462578
EXP REALTY LLC
Source: NGLRMLS,MLS#: 1939869
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Wall Furnace, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range
Features
- None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,080
- Total interior livable area: 2,080 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: None
- Waterfront features: None
Lot
- Size: 10,018 sqft
- Dimensions: 71 x 146 x 61 x 181
Details
- Additional structures: None
- Parcel number: 5103155200
- Zoning description: Residential,Rental History
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: None
Location
- Region: Alma
- Subdivision: Rockingham Place
HOA & financial
Other financial information
- Total actual rent: 1825
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $110K - $110K
- Listing terms: Conventional,Cash,FHA,MSHDA,USDA Loan,VA Loan
- Ownership type: Corporation
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 1/14/2026 | Sold | $110,000-7.6%$53/sqft |
Source:  NGLRMLS #1939869 Report a problem | ||
| 10/24/2025 | Listed for sale | $119,000$57/sqft |
Source: NGLRMLS #1939869 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,896 +6% | $81,100 +17.7% |
| 2024 | $1,789 | $68,900 +9.5% |
| 2023 | -- | $62,900 +21.9% |
| 2022 | -- | $51,600 +6.4% |
| 2021 | -- | $48,500 -3.8% |
| 2020 | -- | $50,400 +104.9% |
| 2019 | -- | $24,600 +0.8% |
| 2018 | -- | $24,400 -3.9% |
| 2017 | -- | $25,400 +10.9% |
| 2016 | -- | $22,900 +6.5% |
| 2015 | -- | $21,500 -8.9% |
| 2014 | -- | $23,600 -20.5% |
| 2013 | -- | $29,700 +4.2% |
| 2012 | -- | $28,500 |
Find assessor info on the county website
Neighborhood: 48801
Nearby schools
GreatSchools rating
- 5/10Hillcrest Elementary SchoolGrades: 1-3Distance: 0.3 mi
- 6/10Donald L. Pavlik Middle SchoolGrades: 6-8Distance: 1.4 mi
- 4/10Alma Senior High SchoolGrades: 9-12Distance: 1.2 mi
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.
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Estimated market value
$115,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$115,100
- Michigan
- Gratiot County
- Alma
- 48801
- 256 Ely St
Nearby cities
Nearby zip codes
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