Accepting backups

$159,000

426 N State St, Alma, MI 48801

3beds

5baths

2,800sqft

Est.:

Multi Family

Built in 1970

-- sqft lot

$-- Zestimate^®

$57/sqft

$-- HOA

What's special

Low-maintenance metal roofMain living spaceCozy kitchen

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.

478 days

37

1

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: 7,840.8 Square Feet
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 & HOA

Community

Features: None
Subdivision: ORIGINAL TOWN

Location

Region: Alma

Financial & listing details

Price per square foot: $57/sqft
Tax assessed value: $68,424
Annual tax amount: $4,503
Price range: $159K - $159K
Date on market: 12/21/2024
Cumulative days on market: 479 days
Listing agreement: Exclusive Right To Sell
Listing terms: Conventional,Cash
Ownership type: Corporation
Lease term: Month To Month,12 Months
Total actual rent: 2200

Estimated market value

Not available

Estimated sales range

Not available

$1,356/mo

Price history

Date	Event	Price
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	$189,000-75.2%$68/sqft
Source: NGLRMLS #1929756 Report a problem
3/9/2018	Sold	$761,000+334.9%$272/sqft
Source: NGLRMLS #1843487 Report a problem
6/22/2012	Sold	$175,000$63/sqft
Source: Agent Provided 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