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230 Ely Street, 
Alma, MI 48801

$50,043


—

Bed


—

Bath


3,720

Sq Ft


Multi-Family

Active

43 North Realty

Last updated:

November 8, 2026, 04:36 AM

MLS#

1946299

Source:

MI NGLRMLS

About This Home

230 Ely Street

Investor opportunity on Alma’s south side! This top/bottom duplex offers strong potential for the right buyer looking to renovate and build equity. The property experienced a recent fire, leaving the interior as a blank slate—perfect for customizing finishes and layout to your own vision. Each unit is designed as a 2-bedroom, 1-bath, with market rents estimated between $650–$750 per month per unit once completed. With approximately 3,720 total square feet, there is plenty of space to create a solid income-producing property. Located just south of downtown Alma, this property is close to shopping, dining, and everyday conveniences, making it an attractive option for future tenants. This property will require full rehabilitation and proper permitting. Due to the condition, all potential buyers must sign a hold harmless agreement prior to entry. Seller is offering a $10,000 credit to the buyer, to be held in escrow and released upon completion of at least 50% of the reconstruction. Bring your vision and turn this property into a strong addition to your investment portfolio!

Home Facts

Multi-Family

Built in 1959

Subdivision & Development:

City of Alma

Price Summary

50,043

$13 per Sq. Ft.

MLS #:

1946299

Last Updated:

November 8, 2026, 04:36 AM


Rooms & Interior

Interior

Living Area:

3,720 Sq. Ft.


Structure

Structure

Year Built:

1959


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$50,043

Price per Sq. Ft:

$13 per Sq. Ft.

Source:MI NGLRMLS
The information being provided by Northern Great Lakes REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Northern Great Lakes REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.