Looking to expand your investment portfolio? This well-maintained 2-story four-plex is a fantastic opportunity just steps from downtown Alma. With a long and successful rental history, this property has consistently proven to be a strong income-producing investment. Currently, three of the four units are occupied, and the fourth has a potential tenant awaiting buyer approval, giving you the opportunity to reach full occupancy quickly. Each unit features its own electrical panel and meter, as well as a separate furnace and heat source. This setup allows tenants to pay their own utilities, helping keep operating costs low and maximizing your return. Located within walking distance of downtown shopping, restaurants, and entertainment, this property offers the convenience and location that tenants are looking for. Current market rents exceed $2,000 per month, making this an excellent opportunity for both seasoned and first-time investors. Don't miss your chance to own a proven income-producing property in one of Alma's most desirable rental locations!
For sale
Price cut: $5K (8/30)
$144,000
316 Euclid Ave, Alma, MI 48801
5beds
4baths
1,290sqft
Multi Family
Built in 1949
-- sqft lot
$-- Zestimate®
$112/sqft
$-- HOA
What's special
- 64 days
- 587
- 29
Zillow last checked:
Listing updated:
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Source: NGLRMLS,MLS#: 1947570
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Forced Air, Wall Furnace, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range
Features
- None, Cable TV, High Speed Internet
- Windows: Blinds
- Basement: Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,290
- Total interior livable area: 1,290 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Screened
- Waterfront features: None
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
Details
- Additional structures: None
- Parcel number: 5103202300
- Zoning description: Multi-Family,Rental History
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Aluminum Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: N/A
Location
- Region: Alma
Financial & listing details
- Price per square foot: $112/sqft
- Tax assessed value: $36,879
- Annual tax amount: $2,024
- Price range: $144K - $144K
- Date on market: 7/3/2026
- Cumulative days on market: 64 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Conventional,Cash
- Ownership type: Corporation
- Lease term: Month To Month,12 Months
- Total actual rent: 1955
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,014/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2026 | Price change | $144,000-3.4%$112/sqft |
Source:  NGLRMLS #1947570 Report a problem | ||
| 7/3/2026 | Listed for sale | $149,000-14.9%$116/sqft |
Source: NGLRMLS #1947570 Report a problem | ||
| 6/22/2012 | Sold | $175,000+165.2%$136/sqft |
Source: Agent Provided Report a problem | ||
| 5/17/2004 | Sold | $66,000$51/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,343 +2.9% | $65,100 +12.8% |
| 2024 | $2,277 | $57,700 +9.1% |
| 2023 | -- | $52,900 +15% |
| 2022 | -- | $46,000 +7.5% |
| 2021 | -- | $42,800 +2.9% |
| 2020 | -- | $41,600 +36.8% |
| 2019 | -- | $30,400 +14.3% |
| 2018 | -- | $26,600 -6.3% |
| 2017 | -- | $28,400 +0.4% |
| 2016 | -- | $28,300 +5.2% |
| 2015 | -- | $26,900 +5.5% |
| 2014 | -- | $25,500 +2.4% |
| 2013 | -- | $24,900 -3.9% |
| 2012 | -- | $25,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
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.
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