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.
Sold for $150,000
$150,000
426 N State St, Alma, MI 48801
3beds
5baths
2,800sqft
Multi Family
Built in 1970
-- sqft lot
$-- Zestimate®
$54/sqft
$1,271 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,271/mo
Zestimate® history
Owner options
List your home for rent
$1,271/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,271/mo
Rent Zestimate®
Refinance and save
$1,005/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,005/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Low-maintenance metal roofMain living spaceCozy kitchen
Zillow last checked:
Listing updated:
Listed by:
Micah Kemler,
43 NORTH REALTY 989-463-1219
Bought with:
NON MLS Member
Source: NGLRMLS,MLS#: 1929756
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
Heating
- Steam, Natural Gas
Appliances
- Included: Refrigerator, Oven/Range, Gas Water Heater
Features
- None, Cable TV, High Speed Internet
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,800
- 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: Sidewalk
- Waterfront features: None
Lot
- Size: 7,840 sqft
- Dimensions: 69.5 x 110
Details
- Additional structures: None
- Parcel number: 5134459200
- 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 & neighborhood
Community
- Community features: None
Location
- Region: Alma
- Subdivision: ORIGINAL TOWN
HOA & financial
Other financial information
- Total actual rent: 2200
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Price range: $150K - $150K
- Listing terms: Conventional,Cash
- Ownership type: Corporation
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | $150,000-5.7%$54/sqft |
Source:  NGLRMLS #1929756 Report a problem | ||
| 12/19/2025 | Price change | $159,000-5.9%$57/sqft |
Source: NGLRMLS #1929756 Report a problem | ||
| 5/10/2025 | Price change | $169,000-2.9%$60/sqft |
Source: NGLRMLS #1929756 Report a problem | ||
| 3/28/2025 | Price change | $174,000-2.8%$62/sqft |
Source: NGLRMLS #1929756 Report a problem | ||
| 2/11/2025 | Price change | $179,000-5.3%$64/sqft |
Source: NGLRMLS #1929756 Report a problem | ||
| 12/21/2024 | Listed for sale | $189,000$68/sqft |
Source: NGLRMLS #1929756 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,347 +2.9% | $100,100 +16.1% |
| 2024 | $4,225 | $86,200 +7.6% |
| 2023 | -- | $80,100 +14.4% |
| 2022 | -- | $70,000 +7% |
| 2021 | -- | $65,400 +3.5% |
| 2020 | -- | $63,200 +12.1% |
| 2019 | -- | $56,400 -10.2% |
| 2018 | -- | $62,800 +37.1% |
| 2017 | -- | $45,800 +8.5% |
| 2016 | -- | $42,200 +20.6% |
| 2015 | -- | $35,000 +3.6% |
| 2014 | -- | $33,800 |
Find assessor info on the county website
Neighborhood: 48801
Nearby schools
GreatSchools rating
- 8/10Pine Avenue Elementary SchoolGrades: 4-5Distance: 0.6 mi
- 6/10Donald L. Pavlik Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Alma Senior High SchoolGrades: 9-12Distance: 0.9 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
- Michigan
- Gratiot County
- Alma
- 48801
- 426 N State St
Nearby cities
Nearby zip codes
Other Alma Topics
