Sold

426 N State Street, Alma, MI 48801

Sold on 04/21/2026 for$150,000

MLS # 1929756 (Northern Great Lakes REALTORS® MLS)

Built 19700.18 acres

426 N State Street, Alma, MI 48801 — front exterior

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Listing Description

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.

Source: SparkMLS

About this home

Located in Alma in Alma, this property offers 5-bath, with original construction dating to 1970.

Closed at $150,000.

Electric service is provided by Consumers Energy Company.

Listing Property Details

Property TypeMulti Family

Bathrooms5

Lot Size0.18 acres

Year Built1970

Location

CityAlma

Zip Code48801

CountyGratiot

Construction & Systems

WaterPublic

SewerPublic

Sale & Financing

Listed12/20/2024

Sold Date4/20/2026

Original Price$189,000

Terms AcceptedCash, Conventional

Source: SparkMLS

Property Records

USDA Rural Development: Eligible — 0% Down Payment Available

Verify eligibility at USDA

Listed by Micah Kemler

43 NORTH REALTY

Frequently Asked Questions about 426 N State Street, Alma, MI 48801

What financing options are available for 426 N State Street, Alma, MI 48801?

Per MLS# 1929756, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.

Can I use a USDA Rural Development loan for this property?

Per USDA Rural Development boundary data, 426 N State Street, Alma, MI 48801 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.

USDA Eligibility Map

What utilities serve 426 N State Street, Alma, MI 48801?

Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. Confirm service details directly with providers.

Consumers Energy Company Consumers Energy Company MI Public Service Commission

What is the crime rate in this area?

For crime and public safety data, we recommend inquiring directly with the local police department or county sheriff's office.

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