Ready to start or add the perfect multi-unit property to your investment portfolio in the heart of downtown Alma? Well, look no further! Check out this well-maintained, income-producing triplex in one of Alma’s most desirable rental locations. Generating nearly $2,100 per month in rental income, this property has a proven track record of strong occupancy and consistent cash flow, with all three units enjoying an excellent rental history. Location is everything, and this property definitely checks that box! Situated in the heart of downtown Alma, tenants can walk to Alma College, downtown shopping, coffee shops, restaurants, churches, convenience stores, and many other local amenities, making it highly attractive to renters year after year. Each of the three one-bedroom, one-bathroom apartments offers convenient living spaces, including two main-floor units and a spacious upper-level unit. The property features separate gas and electrical meters for each apartment, keeping landlord expenses low, and maximizing cashflow. The owner is responsible for only one monthly utility bill covering water/sewer and trash service, making this an efficient and easy-to-manage investment. Whether you’re looking to expand your investment portfolio or purchase your first income property, this turnkey triplex offers the ideal combination of location, strong rental history, and dependable income. Seller is a licensed real estate broker in the State of Michigan.
For sale
Price cut: $5K (8/30)
$184,000
310 W Superior St, Alma, MI 48801
3beds
3baths
1,700sqft
Multi Family
Built in 1967
-- sqft lot
$182,300 Zestimate®
$108/sqft
$-- HOA
What's special
Spacious upper-level unitTwo main-floor units
- 71 days
- 245
- 17
Zillow last checked:
Listing updated:
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Source: NGLRMLS,MLS#: 1948587
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced Air, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range
Features
- None, Cable TV, High Speed Internet
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,700
- Total interior livable area: 1,700 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered
- Waterfront features: None
Lot
- Size: 10,018 Square Feet
- Dimensions: 91 x 165
Details
- Additional structures: None
- Parcel number: 5134478400
- Zoning description: Residential,Multi-Family
- Other equipment: Dish TV
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: 1967
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Subdivision: James Dress Addition
Location
- Region: Alma
Financial & listing details
- Price per square foot: $108/sqft
- Tax assessed value: $77,156
- Annual tax amount: $4,948
- Price range: $184K - $184K
- Date on market: 7/29/2026
- Cumulative days on market: 73 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash,FHA,MSHDA,USDA Loan,VA Loan
- Ownership type: Corporation
- Lease term: Month To Month,12 Months
- Total actual rent: 2075
- Road surface type: Asphalt
Estimated market value
$182,300
$173,000 - $191,000
$1,422/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $184,000-2.6%$108/sqft |
Source: | ||
| 7/29/2026 | Listed for sale | $189,000+122.4%$111/sqft |
Source: | ||
| 3/10/1998 | Sold | $85,000$50/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $4,822 +1% | $83,500 -3.8% |
| 2025 | $4,772 +2.9% | $86,800 +9.2% |
| 2024 | $4,639 | $79,500 +14.6% |
| 2023 | -- | $69,400 -0.6% |
| 2022 | -- | $69,800 +7.9% |
| 2021 | -- | $64,700 +4.7% |
| 2020 | -- | $61,800 +19.3% |
| 2019 | -- | $51,800 +10.2% |
| 2018 | -- | $47,000 +16% |
| 2017 | -- | $40,500 +29.4% |
| 2016 | -- | $31,300 +4.7% |
| 2015 | -- | $29,900 -4.8% |
| 2014 | -- | $31,400 +0.6% |
| 2013 | -- | $31,200 -4% |
| 2012 | -- | $32,500 -1.5% |
| 2011 | -- | $33,000 |
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.







